The S&P 500 rose 3.2% this week, benefiting from solid earnings reports, cooler inflation prints and incoming pro-growth policies. The benchmark would have performed even better if it hadn’t been for the dragging effect of big tech, the sharp rally having stemmed more from traders covering their short positions than investors making new purchases. Nonetheless, a sense of relief filled the air, keeping the risk appetite among investors intact.
A Macro Market View by Hubert Marleau
L’infolettre Palos Perspective est un aperçu hebdomadaire de la situation macroéconomique disponible uniquement en anglais. Si vous avez des questions sur l’infolettre ou des demandes générales sur Palos, veuillez nous contacter à [email protected]
Follow us on: LinkedIn