Debt Ceiling, watching from sideline

Thoughts on Week Ahead:

Week 16 May 2023

All Eyes on Debt Ceiling

A short write up for the week ahead. Nil major news. Market, technically directionless, is closely monitoring the US Debt Ceiling deal within US Congress. Quick look at SPY ETF flow so far suggesting nil major tail risk priced in by major market participants.

We did not come across tactical ideas for the week ahead and will be on the lookout.

Headlines for Week Ahead:

US Apr Retail Sales

China Apr Ind Prod and Retail Sales

US FED Chair Powell and Former chair Bernanke to speak at conference

SG Apr NODX

SG Earnings (SIA)

US Earnings (Home Depot, Walmart, Target

China Earnings (Baidu, Tencent)

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