Market Insight July 04, 2021

Weekly Commentary & Strategy

Last week, stock markets were drifting rather than moving with real conviction. The S&P 500 rose for a seventh consecutive weeks, the longest winning streak since August. The second half of the year kicked-off with U.S. job’s report in focus to gauge if the economic recovery momentum from the first half will be sustainable in the second half. The U.S. nonfarm payrolls jumped to 850,000 in June, the biggest increase in 10 months.
However, the unemployment number increased only marginally to 5.9% with a steady labour participation….