bullish
Weekly Stock Bullfinder - Week of 5/30
SUMMARY
The S&P 500 gained 6.6% this week, snapping a 7-week losing streak, and posted its biggest weekly gain since November 2020.
It remains to be seen if this is beginning of a bear market bounce or something more sustained.
Keep in mind that while the Federal Reserve has raised interest rates (and will continue to do so until inflation is lowered), the shrinking of the Fed balance sheet has not yet started and will begin in June.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x