FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the capital markets appear to be at potential turning points.
“The US Dollar Index posted its best weekly advance since March as the euro fell to new lows for the year."
"The S&P 500 posted record highs on July 24, but gapped lower the next day. The Russell 3000 peaked on July 3, the retest last week faltered, and it too gapped lower before the weekend."
"Major European markets have already turned lower. The UK's FTSE peaked in mid-May, the French CAC in early-June and the German Dax in late-June."
"The Nikkei made is high at the start of the year. In contrast, the MSCI Emerging equity market is at its best level since early last year. The MSCI Asia-Pacific Index is at its best level in six years."