Barclays: Cracks in US Stock Market Dominance

Barclays stated that the US stock market still dominates, with a record inflow of about $150 billion in June. However, crowded US dollar positions, volatility of artificial intelligence, lower oil prices, and excessive inflow of funds into the US stock market may reignite interest in Europe. Despite the risks posed by uncertainty from the Federal Reserve and summer volatility, strong earnings momentum remains a key support for the stock market.