Page 6 - Carson Group News Today

A former Edward Jones advisor in North Carolina is joining the $5 billion AUM RFG Advisory to form Crescent Private Wealth.

The major averages are on track for modest declines on the week as Wall Street awaits the April jobs report.

"The workhorse of the US economy remains the consumer, and there's really not much sign of a slowdown," Carson Group said.

Stocks jumped sharply Friday after a softer-than-expected April jobs report boosted hopes that the Federal Reserve could start cutting interest rates soon.

The Fed, which signaled three rate cuts as recently as March, now suggests we may not get one until late in the year.

(Bloomberg) — Bonds climbed after the Federal Reserve decision was not as hawkish as feared by Wall Street, with Jerome Powell saying it’s unlikely the next move will be a rate hike. Treasuries also gained as the Fed agreed to slow the reduction in its bond portfolio. US two-year yields dropped below 5% as swap…

Fundstrat's Tom Lee crunched the numbers and found that since 1985, "May has been a surprisingly good month" for the stock market.

None Wall Street needs a new rhyme for "sell in May and go away." • None According to Carson Group's Ryan Detrick, maybe an alternative is "buy in May and…

The Fed, which signaled three rate cuts as recently as March, now suggests we may not get one until late in the year.

U.S. stocks are looking to build on past week’s gains, with the mood remaining cautiously optimistic. The major index futures were modestly higher in early trading.