Commodities have joined the party. After last week’s rally that lifted a broad measure of commodities, all the major asset classes are now posting gains for the year to date through Friday’s close (July 28), based on a set of ETFs.
Daily Archives: July 31, 2023
Macro Briefing: 31 July 2023
* S&P 500 profits get a boost from weaker US dollar
* Stock market rally showing signs of broadening as…
* Equal-weighted S&P 500 ETF (RSP) leads cap-weighted ETF (SPY) over past month
* US economy remains “resilient”, says Minneapolis Fed President Neel Kashkari
* 3 reasons why America may avoid a recession
* China’s factory activity for July contracts for the fourth straight month
* Eurozone growth picks up in Q2 and inflation eases
* Crude oil headed for biggest monthly price gain in more than a year
* Yellow, a major US trucking firm with 30,000 employees, is shutting down
* US consumer spending rose as inflation eased in June–‘sweet spot’ for economy:
