Last week, stocks and bonds appreciated Wednesday’s Consumer Price Index(CPI) report. After months of stubborn inflation data, April’s report showed that headline and core inflation slowed. Over the last twelve months, consumer prices were up 3.4%.
The week ahead includes the release of the FOMC meeting minutes, new home sales data, and PMI. Nvidia (NVDA) will draw much attention before and after its Q1 earnings report after the market closes on Wednesday.
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Here’s to a great week ahead!
Thank you,
David Bennett