Stocks achieved their sixth consecutive weekly gain, marking the best run of the year. Meanwhile, the dollar held firm and gold reached a record high.
With the S&P up over 20% year-to-date, many investors may look to trim equity exposures as the presidential election approaches in just two weeks.
The absence of significant pre-weekend de-risking activities suggests that market participants are becoming less sensitive to geopolitical events, as the focus shifts to relative growth differentials.
The FOMC is catching up to its peers regarding monetary policy, with major central banks like the ECB cutting rates, which in turn supports the strength of the dollar.
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