The Day Ahead North America

Wall Street edged higher as investors monitored Middle East peace talks and the Fed's rate path, while U.S. consumer sentiment plummeted to a record low. Key tech earnings and new Fed leadership under Kevin Warsh are the primary focal points for the upcoming week.

Key Takeaways

• 1.U.S. consumer sentiment reached an all-time record low in May due to surging gasoline prices and inflation linked to the ongoing Iran war.
• 2.Kevin Warsh has been sworn in as the new Federal Reserve Chair amidst a challenging economic backdrop of high inflation and low sentiment.
• 3.Equity markets remain resilient but cautious, with tech demand (specifically AI-driven) supporting gains despite rising Treasury yields.

Table of Contents

• MARKET RECAP at 4 pm ET
• Coming Up - On Tuesday
• KEY ECONOMIC EVENTS
• Coming Up - Week Ahead
• Top News
• Insight and Analysis
• CANADA
• WEALTH NEWS
• ON THE RADAR

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