Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
FX Trader, Loonieviews.net
Summary: Dollar bulls are cheering US GDP and personal consumption/expenditures beats while Wall Street trades broadly unchanged in the early New York hours as markets weigh macro data against the lack of a North Korea deal.