Mixed week as markets digest potential bank rating cuts, slowing inflation and more China tension.
The S&P 500 rose +3% in July as investors remained giddy the market was heading for the ideal “Goldilocks” soft landing.
Strong bank earnings and market rotation offset weakening high-growth.
A bullish 1H rebounds from 2022’s losses. Heading into the 2H, we see markets moving on rate hikes, recession expectations and AI.
The S&P 500 enters a bull market with investors optimistic moderating economic data will lead to Goldilocks economic outcome.
Strong close to 1H 2023 as rally continues on bank stress tests and more balanced data.
Rate hikes may be ending while April jobs report shows no slowdown.
Big Tech earnings didn’t disappoint, but markets still cautious ahead of Fed meeting.
Cautious, sideways market with big earnings week on tap
Big banks kick off with strong earnings benefiting from #RisingYields