5.31.24: US Market Breadth Weakest Since 2009

For Public Readers: Weekly Key U.S. and China brief market notes by Larry Cheung's Analyst Staff Team for our Public Email List

Earn 4.8% on Idle Cash: Larry uses Interactive Brokers as his core brokerage to trade Direct Shares, Options, and at very select times, Futures. All idle cash yields now yield 4.8% (just increased due to Fed Hikes)! Check out IB by pressing the image above. Few other brokerages have this feature. IB also allows Traders to earn interest on cash when Selling Options and offers HK-Listed Trading

Make sure to check out Interactive Brokers above as idle cash now will yield more than 4.5% as the Fed just raised rates.

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Key Investing Resource: Strategist Larry uses Interactive Brokers as his core brokerage. Feel free to check out IB. I currently park excess cash at Interactive Brokers. Check it out. It’s a great brokerage.

In our emails, we will provide the following coverage points:

• Brief Overview of U.S. & China Markets

• Macro Chart in Focus

• U.S. & China Upcoming Economic Calendar

• Chart That Caught Our Eye

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U.S and China Markets Brief Snapshot 🇺🇸 🇨🇳

(Powered by our Channel Financial Data Provider YCharts)

S&P 500 Index: 5,228.92

KWEB (Chinese Internet) ETF: $29.12

Analyst Team Note:

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Macro Chart In Focus

Analyst Team Note:

• Credit card rates and rising debt levels are straining the US economy, particularly impacting younger people, with nearly one in seven Gen Z members maxing out their credit cards monthly.

• Despite low fixed mortgage rates insulating households, consumer debt has surged by $3.4 trillion since the pandemic, with delinquency rates ticking up, especially for credit cards.

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Upcoming Economic Calendar

(Powered by our Channel Financial Data Provider YCharts)

U.S Economic Calendar (Upcoming Data Points)

China Economic Calendar (Upcoming Data Points)

Analyst Team Note:

• In April, core PCE, the Federal Reserve's preferred measure of underlying US inflation, increased by 0.2%, marking the smallest rise of the year.

• Inflation-adjusted consumer spending fell unexpectedly by 0.1%, with a decline in goods spending and softer services spending.

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Chart That Caught Our Eye

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Sentiment Check

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Make sure to check Larry’s most recent market updates via his personal newsletter.