Markets around the world took a hit last week, but American shares are still the clear performance leader for the major asset classes year to date, based on a set of ETFs through Friday’s close (Aug. 4).
Daily Archives: August 7, 2023
Macro Briefing: 7 August 2023
* Fed Governor Bowman says more rate hikes are “likely” to tame inflation
* JPMorgan abandons US recession forecast despite “very elevated” risks
* Saudi Arabian oil giant Aramco reports big drop in profits due to lower oil prices
* US payrolls rose less than forecast in July
* US scientists repeat net energy gain with nuclear fusion test
* Trucking firm Yellow files for bankruptcy after shutting down business
* China’s local government financing vehicles showing more signs of stress
* US stock market is fairly valued, estimates Morningstar:
