Key Information for Today’s U.S. Trading:
Despite April’s 4.1% drop, May has seen a surprising 3% rise in the S&P 500. Investors are now focusing on the upcoming consumer prices data, particularly the CPI, which Goldman Sachs’ Vickie Chang highlights as crucial for market movements.
Chang emphasizes the importance of the inflation trajectory for the macro outlook, especially after the recent Fed meeting. Next week’s CPI release will be instrumental in shaping market sentiment.
Chang outlines several potential scenarios:
The fourth scenario could see upside for bonds, gold, and the yen, although the yen has already experienced a notable uptrend.
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