A broad measure of commodities led returns for the major asset classes last week, based on a set of ETFs through Friday’s close (June 16). But even after a strong rally it’s still not clear that the trend for commodities is set to break out of a tight range that’s prevailed for the past year.
Daily Archives: June 19, 2023
Macro Briefing: 19 June 2023
* US Sec. of State Blinken meets China’s Xi Jinping in effort to reset relations
* Congress may be on a collision course with a gov’t shutdown later this year
* China economic recovery at risk due to property-sector woes
* Some economists expect China’s economy will be flat in second quarter
* Why rising interest rates may not push US economy into recession
* Ford chairman says US not ready to compete with China on electric vehicles
* Assumptions about global economy as a force for growth, prosperity are fraying
* US consumer sentiment remains low but rebounds to 4-month high in June:
