JECohen says S&P 500 hits record above 7,500 in May rally

S&P 500 index

S&P 500 index

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  • JECohen’s May 2026 market update flagged new equity highs despite inflation-driven rate volatility, urging portfolio balance as policy uncertainty rises.
  • S&P 500 rose 5.1% to top 7,500; Nasdaq gained 8.4%; Dow added 2.8%; all ended May at record highs.
  • 30-year Treasury yield hit 5.18% before easing below 5%; 10-year yield rose to 4.4%; Bloomberg U.S. Aggregate Bond Index returned 0.3%.
  • Market pricing shifted to a potential Fed rate hike by mid-2027 as CPI and PPI beat expectations, led by energy costs.
  • Kevin Warsh became Fed Chair in May, viewed as more inflation-focused, complicating the trade-off between cooling prices and supporting hiring.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JECohen published the original content used to generate this news brief on June 01, 2026, and is solely responsible for the information contained therein.