The US market edged higher into the close this morning as recession concerns sent bond yields lower, it sounds almost bizarre that fears of economic contraction adds a tailwind for stocks but it illustrates the pressure which has been exerted on risk assets by rising interest rates. . The Energy & Materials Sectors were the standout underperformers in line with weakness in commodities with the Energy Sector falling another -3.75%.
MM is neutral to slightly positive US equities over the coming weeks/months
Add To Hit List
