Branch2 Intelligence
Home of the brave: As America parties, is it time you shake it off - or bet on new US superstars?
Key takeaway
Dow closes above 52,000 for the first time, led by Alphabet's inclusion.
- Step 11st-order: Dow closes above 52,000, driven by Alphabet's inclusion and broad market rally.
- Step 22nd-order: US equity strength signals robust corporate earnings and investor confidence, boosting US consumer and business spending.
- Step 33rd-order: Stronger US demand increases import orders from UK suppliers, while GBP/USD weakness further improves UK export competitiveness.
Source: This is Money
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