In articles here and here last week we highlighted the resurgence of the 2019 “risk on” phase for equities into late April with a bullish break from the S&P 500, the US benchmark average.
Furthermore, European equity indices have also continued to extend their strong April bull run, with prospects for further gains into May.
With both the European and US earnings season showing a positive outlook for the corporate world, the short- and intermediate-term threats remain to the upside, with the financial media highlighting risks of a “melt up” for US and potentially global equity markets.
Here we spotlight both the S&P 500 and the German benchmark average, the DAX.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-and-european-equites-threaten-melt-ups/