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04 July 2021
5 min read

RBA Meeting, Fed Minutes, OPEC+ Deal

Quick recap: The big event last week was Friday's NFP and employment data.

Heading into the release markets were treading water, with concerns that an above consensus print would see continued dollar strength and possibly cap gains in equity indices.

On this front there has definitely been a regime change.

Earlier in the year any positive data was cheered on as it reinforced the strengthening economic recovery.

Since June’s Federal Reserve meeting, the positive data is still cheered, but those cheers now come with caveats and a note of caution.

β€œOf course it’s a good thing if more

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