The dominance of the US stock market over its foreign counterparts has for years been taken as a sign of the new world order for global asset allocation that forever and always favors American shares. But this year offers a compelling counterpoint to reconsider the received wisdom.
Daily Archives: May 16, 2023
Macro Briefing: 16 May 2023
* Biden and McCarthy set to meet today for more debt-ceiling talks
* Atlanta Fed President Raphael Bostic downplays rate-cut odds in 2023
* US household debt reaches new high in first quarter
* US will buy 3 million barrels of oil to refill emergency reserve stockpile
* China industrial output, retail sales rise less than forecast in April
* German economic sentiment falls in May, first negative print since December
* Argentina lifts interest rate to 97% to fight inflation
* NY Fed Manufacturing Index fell sharply in May:
