On this week’s AHR Market review.
Equity markets fell over the week following hotter than expected US CPI data and heightened tensions in the Middle East following Iran’s attempted missile strikes on Israel.
Just one month ago markets had placed a high probability that the US Federal Reserve would cut its interest rates at it’s upcoming June and July meetings.
Later in the week stocks pulled back sharply, in the wake of reports that Iran was preparing to directly attack facilities on Israeli soil for the first time.
US equity markets fell 1.6% over the week, with small and midcap stocks fairing worse than mega-cap growth names.
In the wake of Wednesday’s inflation report, the yield of the 10-year U.S. Treasury bond rose to the highest level in five months, as it climbed as high as 4.59% at one point.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.