From the vantage of the past week of trading the case looks clear for calling recent market volatility a sign of a risk-off pivot. But if your time horizon is longer, there’s still room for debate, based on a set of ETF pairs for gauging the broad trend via prices through Aug. 7.
Daily Archives: August 8, 2024
Macro Briefing: 8 August 2024
* Consumers trimmed their borrowing in June, according to Fed data
* Post-pandemic surge in travel appears to be ending
* US not currently in recession, says JPMorgan Chase CEO Jamie Dimon
* ‘Covered call’ ETFs fail to deliver protection from volatility in sell-off
* US 10yr-2yr Treasury yield curve is flat for first time in two years:
