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.


Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease
UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge
China Trade Surplus Beats Forecasts in July as Exports Stay Strong
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed




