Markets Stay Risk-On, but Summer Volumes and Elevated Bond Yields Keep Traders Cautious
Global markets continue to display a risk-on bias as resilient equity markets repeatedly push towards fresh highs, supported by robust corporate earnings and continued optimism surrounding AI-driven growth. However, beneath the surface, investors remain mindful of several macroeconomic and geopolitical risks that continue to challenge the sustainability of the current rally. Elevated Treasury yields, persistent…