Markets Weekly Outlook: The Peace Process Is Stalling Ahe...
MarketPulse by OANDA Group·2026-05-02·via All Articles on Seeking Alpha
Summary
US stock markets, particularly the Nasdaq and S&P, have continued their relentless paths to fresh all-time highs, but the euphoric momentum is now somewhat stalling.
All eyes are now turning to the upcoming April Non-Farm Payrolls (NFP) report, while the trading floor remains desperate for concrete progress in the stalled US-Iran diplomatic talks.
Oil somehow rampaged again this week, but what really stands out is the fact that global markets really seem to have turned the page on its inverse correlation with other assets.
Next week, without counting the US dollar, the Aussie and New Zealand dollars will be facing key tests with the back-to-back RBA meeting.
bluebay2014/iStock via Getty Images
By Elior Manier
Week in review: Earnings break records, pulling markets higher
US stock markets, particularly the Nasdaq and S&P, have continued their relentless paths to fresh all-time highs, but the euphoric momentum is now somewhat stalling. Investors are
