Global House View and Investment Perspectives – May 2023

Balancing the end to the US government shutdown with lower rate cut expectations

US stocks had a mixed week, with the S&P 500 and Dow Jones Industrial Average adding 0.1% and 0.3% respectively while the Nasdaq Composite fell 0.5%.

AI valuation concerns weigh on global equities

US stock markets posted a negative week, driven by a sell-off in technology names.

Tech stocks drive Wall Street higher

US stocks experienced a mostly positive week, supported by company earnings and signs of progress in US-China trade relations.