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.


Dollar Weakens as Iran Peace Hopes Boost Risk Appetite and Yen Gains Strength
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies
US Trade Court Blocks Trump’s 10% Global Tariffs
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism
Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist




