In this issue:
- Winners across the board for global markets this week
- A win-win for our portfolio strategy benchmarks, too
In this issue:
Inflation anxiety is rising, and not without reason. Several inflation indexes that are widely followed accelerated sharply in April, along with various price sentiment measures and key commodities. In an effort to extract more signal and less noise, CapitalSpectator.com introduces a seven-factor measure of inflation – the Inflation Trend Index (ITI).
* Biden proposes $6 trillion budget for next year with $1.8 trillion federal deficit
* Russia suspected in new hack on government email accounts
* Senate to pass $195 billion legislation to boost US competitiveness With China
* Eurozone economic sentiment rises to 3-year high in May
* US will not rejoin key arms control deal with Russia
* US core durable goods orders rose sharply in April
* US pending home sales fell in April–third monthly decline in past four
* Revised US Q1 GDP growth holds at strong +6.1 increase
* US jobless claims continue to improve, falling to another pandemic low: