Early Morning with Dave

Early Morning with Dave

April Was Cruel

But no “Sell in May and go away”

David Rosenberg's avatar
David Rosenberg
May 13, 2024
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Highlights

  • U.S. equities shake off a volatile April

  • But, Utilities are leading the way (a sector you want to own in recessions)

  • Consumers trade down from beef to chicken in the latest sign of frugality taking hold

  • Investors punishing stocks that miss EPS expectations way more than rewarding those that beat

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