From Yahoo Finance: 2024-05-13 22:49:48

The stock market’s direction for the summer months will be determined by data releases over the next two weeks, according to UBS. The April CPI report and Nvidia’s earnings are crucial. Positive data could lead to a “summer melt-up,” pushing markets higher. However, disappointing results may lead to a range-bound or downside move for stocks. UBS predicts growing AI adoption will benefit the technology sector, while a cool CPI report may favor small-cap stocks and interest rate cuts. Diversifying investment views is key, with high quality bonds potentially benefiting from disappointing data. (Source: Business Insider)



Read more at Yahoo Finance: From a melt-up to a sell-off, the next 2 weeks will determine the stock market’s direction for the summer