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Market Talk- May 11, 2018
By: Martin Armstrong | May 11, 2018

Energy and Technology shares have been the key driver for all markets this week, but coupled with some of the currencies has seen equity results all around. This weeks performance takes most US indices back into the positive for the year, despite the fact that they had close to double back in early January! All core US markets played around unchanged for much of today even though we had seen 150 point gain for the DOW in early trading. The 2.5% peak to trough range for the DOW has been in light volume, even after the central bank, large treasury auctions and inflation data. Talk is that there is a huge amount of money floating in the US Money Market funds with last week alone increasing by $5.5bln, taking the total assets to $2.77tln. Could get interesting when that starts to move.

https://www.armstrongeconomics.com/market-talk/market-talk-may-11-2018/

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