Key drivers of the strong performance for the US stock market this year are technology and consumer discretionary sectors, based on a set of ETF proxies through Monday’s close (Dec. 11). By contrast, health care, consumer staples, energy and utilities are the sector losers in 2023.
Daily Archives: December 12, 2023
Macro Briefing: 12 December 2023
* Geopolitical risk is top threat for 2024: survey of institutional investors
* World economy may be entering ‘a second cold war’, warns IMF official
* US consumer inflation expectations fall to 2-year low: NY Fed survey
* Goldman Sachs now expects Fed rate cuts by Q3:2024
* The idea of government-backed digital currencies faces rising skepticism
* Jury decides Google has illegal monopoly in app store
* S&P 500 closes decisively above the summer high. Next hurdle is a record high:
