During the past weeks, the most relevant macro events have been the interest rate hike by the Federal Reserve, possibly the last of this cycle of increases, and the creation of 253,000 jobs in April, a positive surprise for the market as it expected a more moderate reading, given the multiple indicators that speak of a cooling in the US labor market.
However, due to this positive surprise or perhaps other factors, the S&P 500 recovered on Friday from a week of declines with a strong rebound of +1.85% in the session, leaving the weekly decline at a slight -0.80% and closing at levels similar to those seen in recent weeks.
The 52-week highs are close, at 4,325 points. With this good employment data, it seems that once again the most anticipated recession in history is being delayed in its arrival and is even causing many to doubt whether it will actually come.
The truth is that the opinion that a recession is imminent remains the most logical stance, given that leading indica…