Year-End 2023 U.S. Persistence Scorecard from @SPDJIndices highlights percentage of top-half actively managed domestic equity funds consistently remaining in top half over a five-year period was less than a random distribution would suggest, suggesting that active outperformance,… pic.twitter.com/XHwehobCWU

New orders components for both Empire (blue) and Philadelphia Fed (orange) Manufacturing Indexes both in contraction in May … latter had been improving but fell out of expansion at a rather sharp pace pic.twitter.com/kb3RHHzSib

Entering the year, the bond market was pricing in 6-7 Fed rate cuts in 2024. Today: just 1-2 rate cuts. Video: www.youtube.com/watch?v=qNj72ts8Z-M&t=521s pic.twitter.com/TWrmbOx1KZ

At 5,303, the S&P 500 is already 9% above the average 2024 year-end price target from Wall Street strategists (4,861). And there's still seven and a half months to go. $SPX Video: www.youtube.com/watch?v=qNj72ts8Z-M&t=929s pic.twitter.com/2k6wjs26XS