Headwinds persist and volatility remains, and investors seem to be looking beyond the immediate issues that have been weighing on stocks, giving the market short-term, risk-on moves higher.
Last week was another tough one for European equities, and the euro traded through parity versus the US dollar for much of the week given the gloomy economic backdrop. In addition, we saw a late selloff on Friday following Powell’s Jackson Hole speech. It is worth noting that volumes remained low.
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