Global equities continue to trend back toward index highs. SP500 continues to lead the way, while Chinese lag under the recent regulatory scrutiny. Canadian equities also performing strongly. Breaking down price action by sectors, we do see many sectors hitting price resistance at current levels, indicating broad momentum driven from a few concentrated areas.
Dollar value swings back with a softer week, though still remains tight in commodity pairs.
Staffing companies perform well on the week, while new job postings continue to decrease on indeed.com’s US job boards.
Real Estate market has a cool week, while agricultural inflation rises.
Metals continue to soften across the board.
Oil stays in range.
Interest rates broadly rise along with 10 Yr Treasuries.
Inflation expectations have choppier path despite continuing to increase.
Digital assets remain on bullish path, though spent the week somewhat range bound.