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Last week, U.S. equities wrapped up a strong May with the S&P 500 gaining 6.2%, Nasdaq up 9.6%, and Dow rising 3.9%, marking the best monthly performance since 2023. This rally was driven by strong earnings in the tech sector and cooling inflation expectations. Hedge funds ramped up stock purchases, especially in AI-related names, while U.S. Treasury yields dropped as investors sought safety amid global uncertainty.
Globally, U.S.-China trade tensions resurfaced as new American tariffs prompted retaliation concerns, causing the U.S. dollar to weaken and the British pound to surge. Meanwhile, oil prices jumped over 4% on OPEC+ decisions and geopolitical risks. Despite the positive momentum in equities, the underlying mood remains cautious due to macro headwinds and shifting interest rate expectations.
Gold and Palantir are 2 important counters I'm watching this week, and will continue to buy more.
Globally, U.S.-China trade tensions resurfaced as new American tariffs prompted retaliation concerns, causing the U.S. dollar to weaken and the British pound to surge. Meanwhile, oil prices jumped over 4% on OPEC+ decisions and geopolitical risks. Despite the positive momentum in equities, the underlying mood remains cautious due to macro headwinds and shifting interest rate expectations.
Gold and Palantir are 2 important counters I'm watching this week, and will continue to buy more.
Last week, U.S. equities wrapped up a strong May with the S&P 500 gaining 6.2%, Nasdaq up 9.6%, and Dow rising 3.9%, marking the best monthly performance since 2023. This rally was driven by strong earnings in the tech sector and cooling inflation expectations. Hedge funds ramped up stock purchases, especially in AI-related names, while U.S. Treasury yields dropped as investors sought safety amid global uncertainty.
Globally, U.S.-China trade tensions resurfaced as new American tariffs prompted retaliation concerns, causing the U.S. dollar to weaken and the British pound to surge. Meanwhile, oil prices jumped over 4% on OPEC+ decisions and geopolitical risks. Despite the positive momentum in equities, the underlying mood remains cautious due to macro headwinds and shifting interest rate expectations.
Gold and Palantir are 2 important counters I'm watching this week, and will continue to buy more.
Globally, U.S.-China trade tensions resurfaced as new American tariffs prompted retaliation concerns, causing the U.S. dollar to weaken and the British pound to surge. Meanwhile, oil prices jumped over 4% on OPEC+ decisions and geopolitical risks. Despite the positive momentum in equities, the underlying mood remains cautious due to macro headwinds and shifting interest rate expectations.
Gold and Palantir are 2 important counters I'm watching this week, and will continue to buy more.
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Spencer Li (Synapse Trading)

