S&P 500 to Start Week at Record High, Dollar Awash in Global Monetary Policy

 S&P 500 to Start Week at Record High, Dollar Awash in Global Monetary Policy

S&P 500, VIX, Dollar, USDJPY, EURUSD and GBPUSD Talking Points:

  • Despite a tremble in risk trends this past week; the S&P 500, Dow Jones Industrial Average and Nasdaq 100 will all start the new week at record highs
  • US rate forecasting will lead the my fundamental concerns in the week ahead with US CPI and Fed Chairman Powell testimony on tap for guidance
  • Central bank rate decisions (BOC, RBNZ, BOJ and Turkey), China 2Q GDP and the start of US earnings will represent additional top themes ahead

A Brief Wobble but Ultimately ‘Risk On’

We were dealt a modest ‘risk aversion’ scare this past week; but inevitably, we are set to enter the new trading week with the US indices pushing record highs. There was little mistaking the slump in sentiment this past week as it spanned the global and the many different asset classes across the globe. However, against a…

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