Equities saw a giant turnaround last week and euphoric moods dominate on Monday again. Even though Biden win in the US was originally seen as detrimental for tech stocks, US100 has been the biggest winner as investors hope that Republican Senate would block any (higher) tax initiatives. More than anything, this rally once again reflects investors dilemma: what alternatives to equities are there in the World of 0% rates?
Technically, a sharp rebound after the “abc” correction is a good omen for this rally.
DailyΒ summary: The US celebrates Independence Day, Europe rebounds
Three Markets to Watch Next Week: OIL, US100, NZDUSD (03.07.2026)
US OPEN: America Celebrates, Futures Rise
Market wrap: European stocks on the rise π ASML powers chip stocks while defense sector pulls back