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Saxo's Global Market Quick Take - 31 May 2023

<p><b>Summary:</b><span> The major US stock indices traded lower overnight on signs that the AI-hype fueled rally was running out of steam and after China manufacturing PMI weakened more than expected. Treasury yields softened on hopes the US Congress will pass a debt deal today that will avoid a default. In commodities copper and iron ore prices traded lower in response to the weakness in China data supporting a stronger dollar.</span></p> ....

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Stocks choppy into month-end while Bonds rally - Newsquawk US Market Wrap

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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