Bassanese Bites: June pause – May 22 2023
Global markets
Concerns over US debt ceiling negotiations were the primary factor affecting global markets over the past week, with hopes that a deal is close generally helping to support stock prices. The S&P rose 1.6%, tentatively breaking above recent highs of 4,170 in late April and early February. The NASDAQ-100 already broke above its previous resistance levels a few weeks ago. Technically at least, the US market is trending higher from the late October lows!
