On the road to nowhere

Friday 13th August 2021There was very little movement in the markets overnight, with thing trading during the northern summer, compounded by any significant news. Bond yields have edged higher, with another successful auction, whilst equities have ground higher, with new highs for the S&P. NAB’s Gavin Friend says we’re at the point of the month when things quieten down. Even news of more regulation from China did little to impact markets. UK GDP was strong and US jobless claims fell, but these, and other data points overnight, came as no surprise to anyone. So a quiet day. Enjoy it while it lasts. Hosted on Acast. See acast.com/privacy for more information.