According to this excellent graphical analysis from Citi Research, the market is moving in line with the macroeconomic changes around the world more than ever. In the U.S. and the world, more than 70 percent of the moves in the equity markets can be explained by macroeconomics. That figure is low for Europe but still above 50 percent.


Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed
US Stock Futures Dip After Wall Street Rally
European Stocks Rally After Fed Hike, Iran Peace Hopes
Bessent, He Lifeng to Discuss AI Security and Trade in New York
Wall Street Mixed as Treasury Yields Rise After Fed Hike




