SP1!
Risk-off appetite is likely to follow this spectacular push through ATH across the major US markets. Trade concerns and elevated US risks.
With Powell taking a slight hawkish stance in relation to further cuts, and president Trump refusing to decide on a “potential date or location for signing a ‘phase one’ trade agreement with China” (Holt, Scotiabank) I expect markets to follow this pattern with a healthy retrace of approximately 6%.
|Rise like a Phoenix from the Ashes|
With Powell taking a slight hawkish stance in relation to further cuts, and president Trump refusing to decide on a “potential date or location for signing a ‘phase one’ trade agreement with China” (Holt, Scotiabank) I expect markets to follow this pattern with a healthy retrace of approximately 6%.
|Rise like a Phoenix from the Ashes|
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