08 September 2017 at 21:57 GMT
The MSCI All Country World Share Market Index fell only 0.20% over the week, despite plenty of potential sell-off triggers. The fact central banks have increased their balance sheets by $2 trillion so far in 2017 will be helping.
Even the US market, facing Hurricane risk, held steady on Friday.
So the bull market stretches on, with some way to go to match that of the 1990’s (see chart below).
Next week Apple holds its product launch, including the iPhone 8, but perhaps some surprises.
The Biggest Loser of the week was the USD, now ominously breaking key support levels (see chart). The odds of a Dec rate hike have dropped to 27%.
EURUSD was the main talking point. The ECB seems unconcerned about the rally, but its analysis suggests the cross would need to trend down to 1.05 to meet the inflation target https://www.tradingfloor.com/posts/ecb-suggests-eurusd-at-105-to-achieve-inflation-target-8929962