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Bulls Are on Trial | Weekly Market Commentary | May 12, 2025

Bulls Are on Trial | Weekly Market Commentary | May 12, 2025

Earnings continued to come in better-than feared, but “tariff uncertainty” continued to get flagged on most conference calls. The Federal Reserve (Fed) kept rates unchanged and stuck to its patient approach with monetary policy, despite notable downgrades to economic growth estimates and rising recession probabilities since their last meeting.

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