The week saw the S&P 500 notch several record highs but ended on a sour note on May 15, as a high 3.8% annual inflation reading on Tuesday and the failure of the China-U.S. summit to force a reopening of free navigation in the Strait of Hormuz on Friday, which pushed the international price of oil close to $110 a barrel, led to a global bond selloff…
A Macro Market View by Hubert Marleau
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