Most of the major asset classes fell in May. The upside exceptions: US stocks and cash. Otherwise, red ink prevailed last month, based on a set of proxy ETFs representing the world’s primary markets.
Daily Archives: June 1, 2023
Macro Briefing: 1 June 2023
* House approves bill to lift debt-ceiling limit, easing default threat
* Senate under pressure to quickly pass debt-ceiling bill
* Eurozone inflation falls more than forecast in May, dropping to 6.1%
* China mfg output growth rises to 11-month high in May via PMI survey
* Eurozone manufacturing recession deepens to six-month low in May
* Fed Beige Book highlights cooling economy
* US births fell slightly in 2022 vs. 2021
* Chicago PMI tumbles in May, reflecting deeper pace of mfg contraction
* US job openings unexpectedly rose in April:
