Yesterday’s sharp slide in US equities has refocused minds on a hardy perennial: the market can and does go down. Obvious, of course, but easy to overlook when prices are rising virtually non-stop, as they have been for much of the past six months—until now.
Daily Archives: April 16, 2024
Macro Briefing: 16 April 2024
* Another round of Fed rate hikes is possible, advise UBS strategists
* China’s economy grew faster than expected in Q1, but…
* New home prices in China fall at fastest rate since 2015
* NY Fed Mfg Index continues to indicate contraction in April
* US home builder sentiment steady at modest growth level in April
* US retail sales rose more than forecast in March:
