This week witnessed the clearance of major resistances in the bond market, as the 2-year US Treasury yield surpassed 5%, while the 10-year and 30-year yields rose above 4%.

Apple's market cap exceeded $3 trillion, the Nasdaq and Nikkei 225 indices were the best stock market performers in the 1st half of the year and the US economy continues to surprise on the upside. Each week, the Syz investment team takes you through the last seven days in seven charts.

CHART OF THE WEEK: WILL “SOFT MACRO DATA” CLOSE THE GAP?

This week, central bank officials delivered a strong and unified hawkish message, signaling the likelihood of higher interest rates for an extended period.

The Nasdaq is on track for its best first half since 1999, the S&P 500 is as expensive as in 2000 and India is poised to overtake China as the world's economic growth engine. Each week, the Syz investment team takes you through the last seven days in seven charts.

The major US equity benchmarks closed lower in a holiday-shortened trading week. The Nasdaq suffered its first weekly decline in two months, while the S&P 500 Index recorded its first drop in six weeks. Growth stocks outperformed value shares, while large-caps fared better than small-caps. Signs that further Federal Reserve rate hikes lay ahead seemed to weigh on sentiment for much of the week.

The week witnessed surprising moves by central banks (Norges, BoE), driven by persistent concerns over inflation.

The S&P 500 is now up 15.3% in 2023, the best start to a year since 1997, but the 'magnificent seven' continue to dominate it. And although the Fed chose not to raise interest rates in May, future hikes seem more than likely. Each week, the Syz investment team takes you through the last seven days in seven charts.

US main equity index continues a rally that began with only a few interruptions in late May. The S&P 500 Index notched its longest stretch of daily gains since November 2021 and its best weekly performance since the end of March. Indeed, several signs emerged that the economy is enjoying a “Goldilocks” expansion of continued growth alongside falling inflation.

FOMC decisions and US CPI could set the tone for this summer. Currently, the 10-year yield is below the channel line at around 3.80%, but if it rises above this level, risks will start to shift to the upside on rates.