Uncertainty is once again taking centre stage in the financial markets
Uncertainty seems to be dominating the financial markets again, with investors waiting for new data (including the quarterlies of the retail biggies) to see if and how much the US, and global, economy will be hurt by months of skirmishes over tariffs. This is accompanied by the new chapter on US government debt.
Our intermarket dashboards continue to signal uncertainty in the financial markets. The weakness of the US currency boosts the Gold/Dollar strength ratio, while the SPY/VIX remains at its highest level since late March but loses strength.
On the macroeconomic front, the day features data on Japanese exports, inflation in the UK and South Africa. Expectation is also high for US average mortgage rate data as 30-year bond yields rise.
Our forecast analysis indicates another uncertain day for equities. On the bond front, the upward bias continues for long-term yields and European corporate bonds. Volatility is seen rising slightly.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 21 May 2025 - 7:28 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.
