The year started on a positive note as markets extended 2024’s rally. But as details of the dramatic shift in US tariff policy emerged, sentiment took a hit as 2025 unfolded. The defensive stance persists, based on a set of ETF pairs that map the crowd’s appetite for risk via prices through Monday (May 5).
Daily Archives: May 6, 2025
Macro Briefing: 6 May 2025
The US services sector posted a stronger growth rate in April, according to the survey-based ISM Services PMI. The indicator edged up to 51.6, reflecting a modest pace of growth by printing above the neutral 50 mark. But in a worrisome sign for the inflation outlook, the prices paid component of the survey rose to a 27-month high.
