Too late to buy, too early to sell ?

In an environment still characterized by a significant uncertainty – with economic slowdown and inflation risks still competing quite closely - investors are taking time to reassess their views this week after a still resilient US newsflow and more cautious Fed speeches (and before today’s core PCE and next week’s crucial jobs figures). US yields are consolidating upward in a bear flattening move, while the S&P500 is poised for its first weekly decline of the month. Overall, market indicators are reflecting a growing investor caution but a strong commitment to the rally.