GREY BRIEFING #02: Will there be no "summer slump" after all?

Welcome back, dear readers, to the second GREY BRIEFING! Last week's drop in the US markets was quickly recovered and confirms that, at least on the technology side, there is no "summer slump" yet. The situation is somewhat different on the DOW Jones side. Here, we are still not seeing a continuation of the trend and are already in a consolidation phase. Even though we are still seeing new ATHs in the S&P 500 and NASDAQ, the rally is being driven by only a few stocks. From a macro perspective, there was less relevant news this week. Apart from a few bond auctions and speeches by Trump, there was nothing major on the agenda...