GREY BRIEFING #03: Retail figures, UnitedHealth comeback, and an explosive meeting in Alaska

Welcome back, dear readers, to the 3rd GREY BRIEFING! The market remains strong despite high expectations, geopolitical headlines, and fresh inflation data. The S&P 500 and NASDAQ continue to scrape their all-time highs, buoyed by a few heavyweights. There is no sign of a summer break, even though the broader market is no longer able to keep up with the rally. On the macro side, the focus in the coming week will clearly be on the Fed: the Jackson Hole meeting is coming up, as well as relevant data on interest rates and bank liquidity. As we do every week, let's start with the ... Weekly performance After last week's strong rebound, things were much quieter this week. At least on...