Read the highlights of this week’s commentary from Helios:
- New home construction projects unexpectedly jumped in May by nearly 22% and exceeded every economist expectation that was surveyed by Bloomberg.
- The S&P 500 broke its previously 5 consecutive week streak of positive price action, though on a year-to-date basis has increased just over 14% on a total return basis.
- In line with the Fed’s recent hawkish comments Fed Chair Powell told Congress that the Fed still has work to do to tame inflation.
Want to learn more about Helios Quantitative Research? Click Here to schedule a meeting with one of our representatives!