Nalyst Note News Today

It's not a matter of who wins the election that matters, but rather when they win the election that matters most, Goldman Sachs said.

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

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

"This dynamic played out around both the dot-com bubble of the late 1990s and early 2000s and the Great Crash of 1929," Capital Economics said.

"The tide in news flow appears to suggest the risk to the stock is skewing more positively," Bank of America said.

China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holder of gold reserves.

Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.

"Equities had a strong first quarter 2024, so the fact that stocks are consolidating and even drifting lower is not entirely a surprise."

In 2018, Wall Street estimated Apple would see profit margins of about 39% in 2023. Margins were in fact considerably higher at 44%.

"The pandemic and the enormous policy responses from both monetary and fiscal authorities created distortions to normal economic behavior," NDR said.