It’s been a profitable year for the major asset classes, with a glaring exception: commodities. The general slide in prices of raw materials stands out in an otherwise rising tide for global markets, based on a set of ETFs through Friday’s close (Dec. 15).
Daily Archives: December 18, 2023
Macro Briefing: 18 December 2023
* Declaring victory over inflation is premature, says Chicago Fed chairman
* Major central banks have different plans for initial rate cuts
* Regional bank stocks surged after Fed hints at rate cuts in 2024
* Corporate bankruptcies rising at double-digit rates in most advanced economies
* Oil prices unlikely to rebound to $100 a barrel in 2024, analysts forecast
* US business activity picked up in December via PMI survey data:
