Last week, US markets consistently achieved new historical highs, fueled by positive investor sentiment.
Optimism in US Markets
US stock markets showed growth amid increasing optimism from asset managers, capturing the attention of analysts and investors.
Risks of Over-concentration
However, some experts warn that such optimism may lead to overly concentrated positions, creating risks of sudden market fluctuations, especially in the event of negative developments. One significant risk is Donald Trump's customs tariff review process, which will conclude on July 9.
Key Macroeconomic Developments Next Week
Next week is expected to have a quieter economic calendar, but market participants will closely monitor the Fed's monetary policy meeting minutes, FOMC members' speeches, and Trump's tariff decisions. Key events include: * Tuesday, 18:00: Release of the US New York Fed's 1-year inflation expectation for June. * Wednesday, 04:30: Annual CPI data for June from China. * Wednesday, 21:00: Release of the minutes from the Fed's last monetary policy meeting. * Thursday, 15:30: Initial unemployment benefit claims for the week ending July 5. * Thursday, 16:00: Speech by St. Louis Fed President Moussalem on the US economy and monetary policy. * Thursday, 21:30: Assessment of the US economic outlook by San Francisco Fed President Mary Daly.
In conclusion, despite positive sentiments and market growth, experts emphasize the importance of caution given the uncertainty and potential risks.
