A More Important Performance Driver: S&P 500 or British Pound?

The markets are feeling the summer warmth and have turned positive as the water temperature grinds higher in East Hampton Beach. Will the stock market remain in positive territory? And what about correlated markets? Will trend extension in key markets continue to propel certain hedge fund strategies? A Goldman Sachs report looks at the technical variables across a market spread, wondering if the British pound continues to run scared after Brexit or key markets including gold witness trend extension. What’s the more important performance driver / indicator: S&P 500 or British Pound? It’s tempting to consider the stock market’s breakout as the key…