Market Week: May 31, 2022
As illustrated by the Flash PMIs, growth stayed resilient in May, as lackluster manufacturing prints were offset by a strong services showing.
As illustrated by the Flash PMIs, growth stayed resilient in May, as lackluster manufacturing prints were offset by a strong services showing.
Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains.
Equity markets have seen a volatile start to the year, with the S&P 500 down 19% from its early January peak.
Last week, investors’ hopes for signs of cooling U.S. inflation were dashed as the April CPI report showed inflation still running hot.
In last week’s email on “….Boring is Beautiful: Part I,” we covered the railroad industry. This week we are covering well-run treasure hunt retailers.