Bo Barrelov
Bo Barrelov
Sweden
2mo
May was a strong month for the stock market, with the S&P 500 reaching new record highs. A big reason was the continued excitement around AI and strong results from large tech companies. Nvidia was the main highlight of the month. The company reported very strong earnings on May 20, with revenue of $81.6 billion, up 85% from last year. This gave more support to the AI trend and helped tech stocks move higher. At the same time, there were still risks in the market. Bond yields were volatile and moved higher at times, as inflation concerns came back. Oil prices also stayed high, while uncertainty in the Middle East continued to affect investor sentiment. Inflation data was higher than expected. April CPI rose to 3.8%, up from 3.3% the month before. Core CPI also increased to 2.8%. Later in the month, PCE inflation rose to 3.8%, while Core PCE increased to 3.3%. Overall, May showed that investors still believe strongly in AI and big tech, but higher inflation, volatile yields, and geopolitical risks remain important to watch. Looking ahead, June will bring new inflation numbers and meetings from both the ECB and the Federal Reserve. These events will help give markets a clearer view of what central banks may do next. As always, I remain focused on staying patient, diversified, and disciplined.
Not investment advice. The author may have financial interests in the mentioned instruments.
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