BMO: “.. U.S. retail sales are visibly downshifting.” Today’s report, “along with softening labor market indicators, adds to the evidence .. that should continue to put downward pressure on consumer price inflation and keep the door open for a September Fed rate cut.” 🇺🇸 pic.twitter.com/kJ3wRNqivn

“.. John Williams, president of the Federal Reserve Bank of New York, believes inflation is coming back to the Fed's 2% target as recent data has been encouraging, and 3% inflation is not the new norm.” ⁦@SeekingAlpha⁩ #FOMC 🇺🇸 seekingalpha.com/news/4116940-feds-williams-recent-data-is-encouraging-3-inflation-is-not-the-new-norm

S&P 500 buybacks were $236.8b in 1Q24, up 8.1% from 4Q23 and up 9.9% from 1Q23; top 20 S&P 500 companies accounted for 50.9% of 1Q24 share repurchases, down from 54.1% in 4Q23 ⁦ @SPDJIndices⁩ pic.twitter.com/qdDRjnFpok

Since last October’s low for the S&P 500, the index is up nearly 33%, while NASDAQ 100 is up 40.4%, Russell 2000 is up 23.5%, and Dow is up 19.6% [Past performance is no guarantee of future results] pic.twitter.com/hhTMzLfKTG