Stocks tantalisingly close to record

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The global equity market rally has stalled for now as US markets show a fairly flat open, teasingly just shy of the S&P500 February pre-pandemic all time intraday high at 3393. The underlying risk mood remains positive even though there is little progress being made in the US Phase IV stimulus talks.

The Dollar tone is broadly negative although holding today’s lows after the weekly initial jobless claims figure came in below 1 million for the first time in 21 weeks. Continuing claims also ticked lower by 604k from last week and the insured unemployment rate, an alternative measure of… Read More:

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