In this issue:
- Is the rebound in emerging markets stocks fading?
- Global stocks ex-US looked ready to outperform the US, but that looks unlikely… again
- Palladium’s bull market is one of the strongest of any asset
Daily Archives: March 24, 2021
Can Energy Stocks Continue To Lead US Sector Returns In 2021?
Shares in the energy patch continue post the strongest year-to-date performance for US equity sectors, based on a set of exchange traded funds through yesterday’s close (Mar. 23). The dramatic bounce from last year’s low has left the rest of the sector field in the dust in 2021. But some of the laggards are showing relative strength in recent weeks, suggesting that a leadership rotation may be brewing.
Macro Briefing: 24 March 2021
* White House to talk with Mexico, Guatemala after migrant surge at border
* N. Korea’s missile launch ‘not provocation,’ says Biden
* EU drafts law to severely cut vaccine exports for six months
* Will stimulus package fuel inflation? Modestly, at most, predicts Fed’s Powell
* Bookings for summer travel season are heating up
* Eurozone economy expands in March — first growth in 6 months via PMI data
* UK economy rebounds, posting strongest growth in 7 months via PMI data
* Richmond Fed Mfg Index posts stronger growth in March
* New US home sales fell to a 9-month low in February:
