The recent rally in risk assets has confounded some analysts, but right or wrong the revival in animal spirits still has momentum, based on several proxies of market behavior via ETF pairs through yesterday’s close (Aug. 8).
Daily Archives: August 9, 2023
Macro Briefing: 9 August 2023
* US set to ban some private-equity and venture-capital investments in China
* Moody’s says it may cut credit ratings for six big US banks
* Economists expect another month of slowing inflation in July
* S&P will end ranking companies’ environmental, social and governance risks
* US trade deficit narrows in June via pullback in imports
* China consumer inflation turns negative in July for first time since 2020:
