WAITING FOR SOMETHING:
I currently don’t have any conviction in the markets next move. It feels like we are waiting for something to happen.
I thought perhaps Mr Bessent might provide some clarity, but he just rehashed old words.
Maybe Mr Lutnick will say something of note. Or the president has been particularly quiet this week. We also have earnings season and red flag data, which could play a part this week.
But for now, I’m content to sit and wait for something clear and obvious to present itself.