The U.S. stock market limped into May as the intra-month rally faded over the final two weeks of April. The S&P 500 ended the month +0.35% and sits +1.53 YTD. The Federal Reserve continued to play a “wait-and-see” game in its decision for another rate hike while commodity prices stabilized and the U.S. dollar weakened. As Q1 earnings season concludes, the results provided no clear answer to the strength of the U.S. economy.