{"id":4970,"date":"2023-05-14T18:34:38","date_gmt":"2023-05-14T22:34:38","guid":{"rendered":"https:\/\/envisionco.net\/?p=4970"},"modified":"2023-05-14T18:34:38","modified_gmt":"2023-05-14T22:34:38","slug":"week-ending-5-12-2023","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=4970","title":{"rendered":"Week Ending 5\/12\/2023"},"content":{"rendered":"<p>MARKET RECAP<\/p>\n<ul>\n<li>US stocks fell by 0.23%, barely budging despite no debt limit deal with about two weeks remaining.<\/li>\n<li>The S&amp;P 500 moved less than 1% in either direction in the sixth week in a row.<\/li>\n<li>One-month t-bills were yielding 5.79% due to the risk of default.<\/li>\n<li>Biden has an approval rating of 37%, the lowest since Truman&#8217;s second term. This, despite a 3.4% unemployment rate.<\/li>\n<li>Jonathan Golub, chief US equity strategist at Credit Suisse, says the S&amp;P 500 has returned 16.9% on average in the 12 months following the last interest rate hike of a cycle.<\/li>\n<li>But there are still lots of negatives &#8211; the probability of default; inflation is still high, more potential problems in the banking system, high p\/e ratio in the market, and negative earnings growth.<\/li>\n<li>CPI declined for the 10th straight month (4.9% YoY), and PPI is increasing at its slowest rate since 2021.<\/li>\n<li>Discretionary investors are underweight stocks, in the 9th percentile historically, providing possible fuel if the market starts moving higher.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4973\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023-300x135.png\" alt=\"\" width=\"300\" height=\"135\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023-300x135.png 300w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023-1024x462.png 1024w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023-768x347.png 768w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023-500x226.png 500w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/VTI-05-12-2023.png 1221w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>SCOREBOARD<\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/Scoreboard-05-14-2023.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4972\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/Scoreboard-05-14-2023-83x300.png\" alt=\"\" width=\"83\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/Scoreboard-05-14-2023-83x300.png 83w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/Scoreboard-05-14-2023-427x1536.png 427w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/Scoreboard-05-14-2023-569x2048.png 569w, https:\/\/envisionco.net\/wp-content\/uploads\/2023\/05\/Scoreboard-05-14-2023.png 573w\" sizes=\"auto, (max-width: 83px) 100vw, 83px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET RECAP US stocks fell by 0.23%, barely budging despite no debt limit deal with about two weeks remaining. The S&amp;P 500 moved less than 1% in either direction in the sixth week in a row. One-month t-bills were yielding &hellip; <a href=\"https:\/\/envisionco.net\/?p=4970\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1893,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4970","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/4970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1893"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4970"}],"version-history":[{"count":2,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/4970\/revisions"}],"predecessor-version":[{"id":4974,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/4970\/revisions\/4974"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}