Daily Archives: June 8, 2023

Tech Is The Hot Sector For Stocks So Far In 2023

Shares of technology firms, along with digital communications and consumer discretionary stocks, are the US equity market leaders by a wide margin in 2023, based on a set of ETF proxies. The rest of the field is far behind, with nearly half under water year to date, as of Wednesday’s close (June 7).

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Macro Briefing: 8 June 2023

* US trade deficit widened by the most in eight years in April
* Eurozone economy contracts slightly for second straight quarter in Q1
* Japan GDP growth revised sharply higher for Q1
* Yields rise around world as traders lean toward Fed hike by July
* US approaching “late, big-cycle debt crisis,” says Bridewater’s Ray Dalio
* Freight railroad alert issued as shippers fear more West Coast port tensions
* Nearly half of Gen X population unprepared for retirement, survey finds
* US economic growth still expected to pick up in Q2 via GDPNow model:

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