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.


China Trade Surplus Beats Forecasts in July as Exports Stay Strong
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises
Philippine GDP Growth Slows to 2.3% in Q2
UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound




