The OPEC meeting in Vienna this week comes in the midst of an oil price
increase. Friday’s release of the U.S. employment numbers for May will
be closely watched to see if they are in line with earlier positive
data. If so, the likelihood of a Fed rate increase in June goes up
considerably, which could lead to more dollar appreciation.
The long Memorial Day weekend is fast approaching, and with it the
unofficial start of summer and a typically slower pace — for a few
months — on Wall Street. This seasonality creates an opportune time to
take stock of the markets in what has so far been an exciting 2016 —
that is, if your definition of “exciting” is wild, sometimes
inexplicable swings in asset prices.