The Market Brief
Hey team. U.S. stock futures hovered near flat early Monday, with the S&P 500 holding close to record territory as investors braced for a busy week filled with potential market-moving catalysts.
Let’s see what’s ahead for the markets!
Macro Viewpoint
US stock futures remained steady on Monday, with investors keeping a close eye on discussions taking place between the US and China in London, hoping for indications that trade tensions between the world’s two largest economies might be easing.
Futures tied to the S&P 500 saw minimal movement after the benchmark index surpassed the 6,000 mark late last week for the first time since February.
This comas after May saw the largest notional buy of global equities on record (the pace has slowed in June, but still skews net to buy).
The US stock benchmark is approaching record levels after recovering from the turbulence sparked by President Donald Trump’s broad tariff announcements two months ago.
However, traders continue to look for drivers to support further gains, with the broader economic effects of the trade dispute still unfolding and numerous trade-related uncertainties lingering.
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