This week’s surprise came for the SNB which surprised investors with the first rate cut in developed market. This year, the FED is expected to perform three interest rate cuts. Yet, there is no euphoria in the market which is still hanging around the AI trend. According to GS, provided the power rally around AI and mega caps continue (so the magnificent 7), the reference index S&P500 could reach 6’200 by the end of this year.
Meanwhile, gold made a new record high, it was jumping above $ 2’200.-