Low volume, low volatility, slightly bearish tone with no real driver to the sentiment, the usual conditions for a market that is waiting on something important. The main theme is obviously the G20 that will feature the meeting between Trump and Xi Jinping, but the OPEC conference is also a topic for some uncertainty.
Besides the unpredictable outcome for the trade war topic, either on the decision as well as in the market reactions, we cannot let the ball go out of our sight, the semester is ending, in around three weeks the buzz will be about earnings, that means next week there will be expectations, and they will be as important as the G20 meeting, why? because they will be the x-ray for how U.S companies have sailed through the aggravated rhetoric and tariffs against China, also, there will be a lot of hawkish eyes about the outlook, especially if there is no trade peace between the U.S and China.
Photo by Silas Baisch.