The US stock market’s strong year-to-date gain so far in 2024 has enjoyed wide support among equity sectors. The two glaring downside exceptions: consumer discretionary and real estate shares, based on a set of ETFs through Monday’s close (June 10).
Daily Archives: June 11, 2024
Macro Briefing: 11 June 2024
* Fed appears set to leave interest rates unchanged tomorrow
* Three Democratic senators urge Fed to cut rates at this week’s FOMC meeting
* Median inflation expectations for 1-year horizon tick down to 3.2% in May
* EU expected to impose tariffs on Chinese electric vehicles
* Oil companies are reporting record profits
* US small business sentiment index ticks up but remains near multi-year low: