Politics drives financial markets in the absence of macroeconomic data
Moves by the Chinese government to support the stock market and new announcements by the Trump administration increase optimism in financial markets, which seem to leave inflation and monetary policy aside for a few days.
Looking at our intermarket dashboards we observe only two elements in a currently stable scenario: continued recovery of gold (both against the Dow and the Dollar); the strong acceleration of US equities in recent weeks.
On the macroeconomic side, the day will provide little guidance; keep an eye on Japanese exports and the weekly update on U.S. unemployment benefits.
Our forecast analysis indicates another broadly positive day, with low volatility and bullish trends in equities (particularly US and Asia) and bonds.
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NOTES AND WARNINGS
Analysis automatically generated by kbmeter.com. Analysis date: 23 January 2025 - 8:00 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
