In mid-December, CapitalSpectator.com mused: “Are Commodities A Compelling Contrarian Trade For 2024?” The answer so far this year continues to be “yes,” as a rally for prices of raw materials continues to bubble after a rough 2023 in this corner of global markets.
Daily Archives: April 4, 2024
Macro Briefing: 4 April 2024
* US Treasury Sec. Yellen says US may consider new tariffs on China
* Atlanta Fed’s Bostic now sees only one rate cut this year
* Global economic recovery is driving a strong commodities rally in 2024
* Eurozone economic activity begins to recover via PMI survey data
* US services sector growth slows further in March via ISM Services Index, and…
* ISM Services data also indicate price pressures are easing
* US private-sector hiring improves for second month in March: ADP
