Top of the Morning: CIO Strategy Snapshot - Where do we go from here?
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Following a holiday-shortened week that yielded the first positive market performance in over a month, despite further risk of escalation in the U.S.-Iran war, the question that investors are asking at the start of a new week is; where do we go from here? Jason Draho, Head of Ass
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4 itemsTop of the Morning: CIO Strategy Snapshot - Where do we go from here?
The desk is cautiously optimistic following a recent uptick in market performance, as global equities rebounded after a prolonged downturn. Per the full note from UBS, last week saw the S&P 500 rise by 1.6%, indicating a potential turning point despite ongoing geopolitical tensions, notably the escalating U.S.-Iran conflict. This positive market sentiment is underscored by a decline in the VIX, dropping from around 30 to approximately 25 during the week, suggesting reduced market fear. As traders assess the shifting fundamentals, the market seems to be looking for stability and direction amid these uncertainties.