Beware the Front Cover Effect!
Equities struggled last week and have seen weak breadth
Highlights
Equities struggled last week and have seen weak breadth
Many central bank actions ahead this week, including possible Chinese easing…
… setting up a bullish outlook for U.S. dollar when combined with a potentially hawkish Fed dot plot
Fiscal forces are a major driver of U.S. growth, with limited spending cuts on the horizon
Key Takeaways
Quiet Start, Struggling Markets
It is fairly quiet on all market fronts to kick off the week, but last week was indeed a struggle for both the stock and bond markets — the former also seeing much weaker breadth, which is a concern, including once-hot small-caps and the equal-weighted indices.
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