US risk assets refuse to go quietly into the night. Although the recent correction was the longest and steepest since the pandemic recovery began in the spring of 2020, it appears that the latest slide was another bit of noise in an ongoing bull market, based on a set of ETFs through last week’s close (Oct. 22).
Daily Archives: October 25, 2021
Macro Briefing: 25 October 2021
* Biden close to passing laws that will bring major shift in social policy
* New round of Russia-linked computer-hacking operations identified
* Big tech earnings reports in focus this week
* Treasury Sec. Yellen expects high inflation through mid-2022
* Short-term gov’t bond yields, sensitive to rate expectations, are rising
* Federal Reserve prepares to wind down bond-buying program in November
* Sudan’s prime minister arrested amid reports of a coup
* US economic growth strengthened in October, according to PMI survey data: