Daily Archives: Sep 27, 2017 at 06:41 am EST

Financials Rebound As Tech Stumbles

The recent revival in shares of financial stocks has lifted this corner of the US equity market to the top-performing sector for one-year performance, based on a set of ETFs. The change in leadership is also a function of technology’s latest stumble – a slide that’s trimmed the formerly first-place sector’s performance to third for one-year results.
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Macro Briefing: 27 September 2017

Fed Chair Yellen says rate hikes will continue despite low inflation: Reuters
President Trump expected to unveil new tax plan: Politico
US Consumer Confidence Index slips in Aug after hurricanes: USA Today
New US home sales fall to 8-month low in August: MarketWatch
Richmond Fed Mfg Index rises in September: Richmond Fed
Gallup’s US economic confidence index held steady last week: Gallup
Global growth improved in Q2 and Q3 outlook is upbeat: FocusEconomics