All the major asset classes fell last week, extending a run of risk-off sentiment of late, based on a set of ETF proxies. Investors are struggling to decide if the latest decline is noise or marks the end of the rally in risk assets that started in late-2022 and, for now, peaked last month.
Daily Archives: August 21, 2023
Macro Briefing: 21 August 2023
* Is the era of low US interest rates over?
* Natural gas prices soar as potential supply disruption threatens in Austrialia
* China economic model is broken and its 40-year economic boom may be ending
* China cuts 1-year prime loan rate but leaves 5-year rate unchanged
* US-China de-risking appears set to escalate
* Russia, China look to advance agendas at this week’s developing-world summit
* US Dollar Index rose for fifth week as China’s real estate fallout spreads
