THE WEEK 29.03. – 01.04.2021
A historically rather positive short week is behind us. Positive news prevailed and the market "wanted" to rally, so the events around Archegos Capital Management were more of a storm in the water glass, which they might not normally be. This positive sentiment was driven not only by labor market data, but also by the Consumer Confidence Index and the government's announcement to provide USD 2 trillion for infrastructure projects over the next eight years. These planned projects will be financed by big tax increases. The chart of the past week fortunately shows an unusual picture. All the observed assets closed in positive territory. The winners of the week are once again the US T-bonds, followed by the S&P500. Even the price of gold rose 0.84%. ONE SIGNAL closed this week with a plus of 0.43% achieving a brilliant result for the month.
