One solid weekly bounce doesn’t mean much after months of losses, but hope still springs eternal. Only time will tell if the latest bounce marks a turning point, or not. But for one week, at least, global markets delivered something other than gloom via a uniform rise in prices for the major asset classes over the trading week through Friday, Jul. 22, based on a set of proxy ETFs.
Daily Archives: July 25, 2022
Macro Briefing: 25 July 2022
* Treasury Sec. Yellen downplays US recession risk
* Peak inflation signs are emerging, but questions remain on how fast it can fall
* US economic headwinds strengthen via slower growth and more rate hikes
* Wall Street sees possibility of rate cuts for 2023
* Gold can’t catch a break, despite high inflation
* Eurozone economy contracts in July via PMI survey data
* German business sentiment falls to 2-year low in July
* Africa and south Asia expected to bear brunt of climate change instability.
* A survey-based GDP proxy shows the US economy contracting in July:
