Summers Expects Equity Markets to Test New Lows for Year

Larry Summers discusses his focus on market momentum and its potential continuation. He notes that last week's market movements were influenced by expectations of higher interest rates, leading to a stronger dollar and weaker stock market. Summers predicts new lows for the year in stock markets and emphasizes the importance of observing market dynamics in the coming week.

How does the speaker describe the current market momentum?

What is the speaker primarily going to watch in the upcoming week?