The Complacent Risk-On Trade Continues
Investors are chasing the rally higher, even as global growth softens and mortgage rates surge.
Key Takeaways
• Green Screens Across the Board: The S&P 500 is on pace for eight straight weekly closes in the green, which would be the longest streak since December 2023. This underscores just how resilient the risk-on appetite remains. Europe and Asia are both up decisively overnight, led by surges in Japan and Taiwan.
