July 25, 2025

Monumental week ahead as markets too complacent

28 minutes

Today's slide deck: https://bit.ly/3H3NZbk -

Today, a look at a US equity market showing remarkable complacency, with some initial signs that things are wobbling. But we have a monumental week ahead as earnings season peaks and we look at the cavalcade of event risks on top of that, including FOMC and not least, the BoJ, as well as the US jobs report and Trump's trade deal headline. Full slide deck today, with must reads and listens.

Link to John's latest FX Update: https://bit.ly/4716GqK

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