Newsletter #22: Consolidation at a high, seasonal risks come into focus

Welcome to the twenty-second edition of our newsletter, dear readers! The US markets continued to consolidate over the course of the week and reacted at the high point of a relevant zone. The beginning of the week was initially rather quiet, but this changed with news about tariffs. As usual, we will now take a closer look at the fundamental situation. Enjoy reading! Weekly performance The indices showed strength, especially at the beginning of the week, but this was not sustained as the week progressed. As a result, the last few trading days were characterized by a sideways to slightly downward trend. CME FED Watch The assessment of interest rate policy for the next FOMC event has...