Goldeneyes

The equity market rally that kicked off in late October has grabbed the financial headlines in recent weeks. And there has been an abundance of optimistic narratives that support the rally’s rationale and the prospects for an extension in the near term. In this week’s charts we provide some insights into some of these narratives. In particular we focus on:

·       The renaissance in US manufacturing investment

·       AI and the global semiconductor sector

·       Positive global growth surprises

·       A cooling US labour market

·       Japan’s foreign investor inflows

·       Cryptocurrencies