Betting against large-cap stocks and its growth component remains a tough sell so far this year, based on a set of ETF equity risk factor proxies through Wednesday’s close (Aug. 23). Although most slices of the US equity market’s risk factors are posting gains, the biggest companies that are considered growth stocks are doing the heavy lifting.
Daily Archives: August 24, 2023
Macro Briefing: 24 August 2023
* Fed’s Powell set to give key speech on Friday at Jackson Hole summit
* Faltering consumer confidence at core of China’s economic slowdown
* BRICS group invites six nations to join, including Saudi Arabia and Iran
* New US home sales rise to 17-month high in July
* Nvidia earnings soar as AI-fueled demand for its chips drives sales higher
* US business activity slows to a crawl in August via PMI survey data:
