📊 May in the markets: the Schroders recap

Markets rose despite the war in the Middle East. Bitcoin spiked to $80,000 then gave it all back, commodities tanked 7.6%, and the market is now pricing in Fed rate hikes — not cuts — with Kevin Warsh just confirmed as the new Fed chair.
Full monthly review in the PDF attached ☝️

[#macro](/tag/macro) [#Schroders](/tag/Schroders) [#markets](/tag/markets)