|Data for week commencing 17 June 2019|
It has been a big week for stock market gains here and in the US with two “don’t fight” drivers explaining how equities keep defying gravity. The first is the most famous “don’t fight” warning i.e. “don’t fight the Fed”. Smart market players demonstrated that they’ve learnt this lesson well and truly this week, with the S&P 500 up about 2.2% for the week.
The second is don’t fight Donald! More on that later.