MARKET RECAP

• US stocks +1.70%, international +0.65%, bonds -1.32%.
• The market continues up despite all the bad news and the consensus that it should go down.
• Tech stocks are flying especially if they are connected to AI.
• The Leading Economic Indicators (LEI) have now fallen for 13 straight months.
• The debt ceiling is still not fixed with time running out.
• BofA’s global fund survey shows managers expect a soft landing.

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