Emerging markets (EEM) and Materials (XLB) staged a three-day comeback after testing ‘official’ bear market territory, leaving the S&P 500 (SPY) higher by +2.3% on the week. With the jobs report aside and overseas debt solutions beginning to gel (still a big “if”?), all eyes will now turn to earnings. On a very short-term basis, price is neither overbought nor oversold, yet volatility remains high — an interesting set up for the week ahead.
[Week 41 Calendars: Economic | Reporting]
Source: Mrkt_Commentary subscription service; prior weekly posts.
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