Market Watch reports: “Sell in May and go away? Hope you didn’t. The S&P 500 SPX has made a fairly impressive run in early May, up 3% so far after a 4.1% drop in April. Of course, we are only a few days into the month, with no potentially market-moving data until next week, when consumer prices data drops.
It’s the CPI that has Goldman Sachs’ macro strategist Vickie Chang concerned, as she discusses potential market shocks linked to that inflation data, in our call of the day.”
Texas Celebrates Economic Development Week
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