Global equity indices are a lower across the board due to a number of factors after the S&P500 posted its 19th record high of the year, matching the same number of highs in 2018. The DOW30 remarkably matched (but did not break above) its high from earlier this week. Not only Trump's speech stayed far away from confirming reports of removing US tariffs on China, but also renewed his threats towards Beijing. The RBNZ's surprise decision to not cut rates is also contributing to the risk-off climate, especially as Fed chair Powell will be expected to deliver the same message to Congress (no need for any more rate cuts any time soon). A new trade was issued yesterday, backed by 5 charts.Read More...
The Strongest & Weakest