Market Commentary: Week of May 3, 2021
SWBC's LenderHub
MAY 3, 2021
Last Week: While it was a week filled with big events, stocks actually had a relatively calm week. On Wednesday, the Federal Reserve FOMC meeting showed a Fed that has every intention to let the economy run hot, even as inflationary readings pick up. The Fed views the spikes we are seeing in commodities and other production inputs as “transitory.” Notable market participants such as Jeff Gundlach and David Einhorn disagree.
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