The Market Brief
U.S. futures held steady as traders braced for a busy week marked by key inflation data and heightened geopolitical tensions.
Macro Viewpoint
Global stock markets edged up on Monday, moving closer to their late-July highs. This week’s main focus is a key U.S. inflation report, which could shape the direction of the dollar and bond markets.
Trade and geopolitics loom large this week. A U.S. tariff deadline on China, due to expire on Tuesday, is expected to be extended again
The market kept climbing last week, surprisingly so, after the end of July was dragged down by a weak payrolls report. There have been some surprising rotations below the surface.
Hedge funds net sold US equities at the fastest pace in 4 months, driven by short sales outpacing long buys ~3.5 to 1 as the market navigated a very challenging earnings season and dispersion under the hood.
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