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Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that the S&P 500 has closed at another record high and achieved its longest weekly winning streak since 2024.
The milestone reflects ongoing strength in U.S. equity markets, with investor sentiment buoyed by recent gains.
Lacalle has previously highlighted that core U.S. factory orders grew at their fastest annual pace since November 2022, pointing to strong manufacturing activity. He has also noted that global oil and refined product inventories remain at the low end of the five-year average, though not at critical levels. These observations provide additional context for recent equity market gains.