- Futures point slightly down this am after a terrific week last week. The Nasdaq jumped 6.7% last week.
- But note “Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla are collectively off to their worst start since the 2022 slide, worrying investors”. The Wall Street Journal.
- “Los Angeles had its credit rating downgraded one level to AA- by S&P Global Ratings, which cited the city’s deteriorating finances and budget woes for the move.” Bloomberg. This is a scary sign of the times for cities and states and the federal government.
- See The Wall Street Journal “Stocks have clawed back most of April’s tariff losses.”
Personal Notes and Acknowledgments
Happy birthday to ace investment banker and scratch golfer Jeff Golman Mesirow Capital Markets &