'Best' Macro Week In 4 Months Is Bad News For Most; But Nasdaq And Ethereum Surged
May 24, 2024 at 19:00 PM EDT
After six straight weeks of 'weakness,' US Macro Surprise data surged higher this week (which is 'good news') - it's biggest positive weekly shift since January. And that 'good news' sent rate-cut expectations tumbling (hawkishly) lower.