Bassanese Bites: No landing? – February 06 2023
Global markets
There was another assertive move higher in global equities last week, reflecting ongoing ‘soft landing’ hopes and a dovish tilt by the US Federal Reserve.
The US S&P 500 lifted 1.6% to take out the recent end-week high of 28 November and confirm a break above its downward sloping trend line from highs earlier last year. The S&P 500 also held above its 200-day moving average for the second week in a row.
