The Nasdaq surged 7% last week, driven by the US-China trade truce and President Trump's USD 2 trillion Middle East deals. Novo Nordisk's CEO resigned, and Moody's downgraded the US credit rating due to rising deficits. In China, retail sales grew 5.1% year-on-year, despite slowing industrial output. Mensur Pocinci, Head of Technical Analysis, notes that the short-term US equity market recovery remains intact, even as the USD remains in a bear market.
00:00 Introduction by Bernadette Anderko (Investment Writing)
00:28 Markets wrap-up by Mike Rauber (Investment Writing)
05:58 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)
08:16 Closing remarks by Bernadette Anderko (Investment Writing)
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