A mixed run for markets last week offered a partial reprieve, but the trend profile still skews negative overall, based on a broad measure of the major asset classes via a set of ETFs.
Daily Archives: October 30, 2023
Macro Briefing: 30 October 2023
* Israel ground assault into Gaza expands on Monday
* Markets pricing in low probability for wider Mideast war
* Initial GDPNow nowcast for US Q4 GDP: +2.3%, down from Q3’s red-hot +4.9%
* US consumer spending rose by a brisk 0.4% in September
* Several factors are supporting US consumer spending spree
* Americans say household expenses outpacing income, poll finds
* Some estimates equate recent rise in bond yields with two, three Fed rate hikes
* Gold near $2000/oz. as Israel starts ground offensive:
