Macro Factors are Back on Top According to Our Factor Scoring Work

The last week has seen some interesting developments in geopolitics, Chinese finance and copper prices. Amid all that it maybe doesn't come as a surprise that macroeconomic factors such as the yield on treasury bonds and the price of oil have topped our list as the most significant factors driving world stock prices over the last week. We will be watching carefully over the next few days the evolution of our factor work to see if macro factors continue to dominate the direction of stock prices.