Wall Street closed May at records, the curve rallied, and the ECB called the calm borrowed — plus a wall-to-wall data week, and one chart.
In this episode
- Wall Street closed May at record highs — but the rally is leaning on a ceasefire bet and an AI trade the official sector is calling stretched.
- The ECB just told euro-area owners the calm is borrowed.
- The densest macro week of the quarter starts Monday.
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Produced and edited by the UAO editorial desk. Not investment advice.