In our last issue, we talked about investors being “caught in the headlights”; struggling for conviction as strong economic data contrasts with heightened political uncertainty and (for developed markets) challenging valuations. Market moves this week suggest this dynamic continued – the S&P 500 hit 39 consecutive days without a move of more than 1% (a new record), whilst equities outside Europe climbed the “wall of worry”, moving higher.
Actually, there were potentially a few cracks in the status quo:
Your download should begin in a few moments. If it doesn't, please click here: