Big-cap growth is back. After taking a back seat to various flavors of small-cap and value factors earlier in 2023, the large-company growth risk factor is again leading the horse race, based on year-to-date returns for a set of ETF proxies through yesterday’s close (Apr. 25).
Daily Archives: April 26, 2023
Macro Briefing: 26 April 2023
* Uncertainty persists for House Speaker McCarthy’s debt-ceiling bill
* US debt default would trigger ‘economic catastrophe’, warns Treasury Sec. Yellen
* First Republic Bank’s stock falls 50% as depositors flee
* The troubles in the banking industry expected to weigh on economic growth
* US consumer confidence eased in April, near recent low
* US home prices rose in February–first monthly increase since June
* US money supply’s 1-year decline continues to deepen through April 3:
