No markets are inoculated from (not-so-) sharp and (not-so-) sudden trend reversals that ultimately turn out to be healthy corrections. Yesterday’s weakness bears all the hallmark of one as the underlying driving forces have not gone away.
The current bullish winds of sentiment that are driving oil prices nicely along seem set to continue as the world yet again experiences notional 'what ifs' as conflict arenas deliver not only continued weaponry exchange but also antagonistic rhetoric.
Both equities and oil were back in demand last week. As a matter of fact, the latter registered the second successive weekly gain whilst stocks, despite a blip on Thursday and Friday, largely driven by the tech sector, kept marching higher.
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