The stock market is suddenly looking up. Or is it?
Equities whipsawed throughout the month of May as investors contemplated falling economic growth projections and less-than-stellar earnings forecasts from retailers.
Despite the bearish news, ongoing volatility, and consistent predictions of an impending recession, the S&P 500 ended the month roughly unchanged after mounting a recovery over the last few weeks.
The rebound has some on Wall Street arguing that it’s time to be opportunistic and…
Source link