weekly market update 5/24/2024

The S&P 500 was largely unchanged on the week as trading activity and market volatility were unusually subdued.  With only four market sessions remaining in May, the SPDR S&P 500 ETF has seen roughly half the amount of trading volume as compared to April (see Bloomberg chart below).  Such sparse trading has coincided with very tranquil market action and the VIX, or 'fear index', is indicating stock market volatility expectations near their lowest levels since November 2019.  Next week will be shortened by the Memorial Day holiday and headlined by Friday’s personal consumption expenditures (PCE) inflation report.

MEMORIAL DAY WEEKEND

On behalf of the entire Peddock Team, we would like to
wish everyone a wonderful and safe Memorial Day weekend!

In observance of the holiday, our office will be closed
Monday, May 27, 2024.

~ The Team at Peddock Capital Advisors, LLC ~