The S&P 500 has risen more than 12% since the start of April and 7% since the start of the Iran war, powered by a 40% rebound in chip stocks. Offsetting the equity strength, May consumer sentiment fell to a fresh record low of 48.2 as the 30-year fixed mortgage rate moved above 6.5%. The article points to a mixed backdrop of strong risk assets alongside weakening consumer confidence and higher housing financing costs.
The S&P 500 has risen more than 12% since the start of April and 7% since the start of the Iran war, powered by a 40% rebound in chip stocks. Offsetting the equity strength, May consumer sentiment fell to a fresh record low of 48.2 as the 30-year fixed mortgage rate moved above 6.5%. The article points to a mixed backdrop of strong risk assets alongside weakening consumer confidence and higher housing financing costs.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
