Week In Review – June 8


  • Good week for U.S. equities with Dow outperforming
  • Next stop on the S&P500 is 2801.90 and then the all-time high
  • We are better sellers up there into the fall as the Fed’s balance sheet reduction steps up, which will limit the central bank’s participation in Treasury auctions. WATCH THIS SPACE
  • Euro periphery sovereign credit continues to weaken
  • Unicredit continues to slide
  • EM better at the week’s close as Argentina enters biggest IMF package in history, but pressure will continue
  • Copper up over 6 percent on the week
  • Big week coming: NorKo summit, Treasury auctions, FOMC, and the ECB








This entry was posted in Uncategorized, Week in Review and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.