There’s no shortage of things to worry about in the months ahead, but you wouldn’t know by reviewing year-to-date returns for the leading equity sectors. Tech and communications services are still red-hot this year, leaving the rest of the field – the stock market overall – in the dust, based on a set of ETFs through yesterday’s close (Apr. 26).
Daily Archives: April 27, 2023
Macro Briefing: 27 April 2023
* House Republicans pass debt-ceiling and spending-cuts plan, but…
* The GOP debt-ceiling bill is expected to be dead on arrival in the Senate
* Weak tax collections suggest US may default on its debt as soon as early June
* US and S. Korea unveil landmark deal to counter N. Korean nuclear threat.
* The risk from ‘shadow banks’ has increased in wake of SVB collapse
* US durable goods orders rebound sharply but business investment falls again
* Atlanta Fed’s GDPNow model sharply downgrades Q1 growth estimate:
