America is investors’ top choice. | MarketTalk: What’s up today? | Swissquote

Show notes

The S&P500 hit a record high yesterday, its 30th record high since the beginning of this year. The technology stocks led the rally. Big banks revised their PTs up and IMF confirmed that nearly a third of global funds went to the US since the pandemic.
Of course, this much optimism is never good sign and when you start hearing big revisions to price targets, it’s generally time to sell. But sell to go where? The European and the British stocks were supposed to perform well in the reflation context and now they are falling off the race. China is sputtering with housing crisis, geopolitical tensions and slow recovery. Other emerging markets are bearing the brunt of a polarized world and uncertain global outlook.
Today, all eyes are on the US retail sales and industrial production data. A softer-than-expected set of figures could fuel the Fed doves, while stronger-than-expected data could fuel the goldilocks optimism. If investors want to see the glass half full, they will find a reason to do so.
Listen to find out more!