In brief:
Global Market Trends: This past week, we observed a significant divergence in global markets. While the tech-heavy Nasdaq saw an increase of over 3%, European markets experienced declines amid political uncertainties following the French primary elections. This shift in market sentiment was influenced by election results which could lead to increased fiscal spending and potentially destabilise the region's economy.


Tech's Impact on US  Market Performance: The influence of major tech stocks like NVIDIA, Apple, and Microsoft continues to be substantial, driving the S&P 500's performance significantly in recent weeks. Excluding technology, the rest of the market was largely flat to down, potentially indicating a significant divide in the U.S. economy.


U.S. Inflation Signals: In the U.S., recent CPI data suggested that inflation might be moderating more than initially expected, possibly indicating a return to disinflationary trends. However, it remains to be seen whether this is a sign of a strengthening economy or early indicators of potential economic downturns.

Get access to the charts: www.investsense.com.au/industry-articles/another-good-inflation-and-bad-politics-week-for-markets 


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