HSBC say dip in risk assets is “increasingly in the rear view mirror” – back to Goldilocks

HSBC says US stocks are moving past the pull back in April:

• dip in risk assets is increasingly in the rear-view mirror
• many major equity indices are re-approaching year-to-date highs
• broad-based gains once again resemble a Goldilocks-style rally

On Wednesday’s upcoming CPI report the analysts say that

• the bar for ever more hawkish surprises is getting higher
• in-line expectations could be another catalyst for risk assets to move higher

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The focus on Wednesday’s data is intense:

• the “most crucial CPI reading of 2024”, a “mini Super Bowl”

This article was written by Eamonn Sheridan at www.forexlive.com.