Category Archives: Uncategorized

Macro Briefing: 5 March 2021

* Biden’s $1.9 trillion stimulus relief bill set for Senate vote this weekend
* Crisis threatens on US southern border amid spike in migrant crossings
* UN Security Council to meet as Myanmar crisis continues
* China set to gut remaining vestiges of Hong Kong’s democracy
* China sets goal for 6% economic growth in 2021
* Commodities supplies at risk of nationalizing in natural-resource-rich nations
* Italy blocks exports of vaccines to Australia
* Fed’s Powell says “we’ll see inflation move up”
* Fed’s Powell reaffirms support for easy money policies
* 10-year Treasury yield rises above 1.5% again after Fed chairman’s comments
* Factory orders in US rose more than expected in January
* US jobless claims continued to surge last week:

Macro Briefing: 4 March 2021

* House cancels Thursday session due to possible militia attack
* Will Congress provide relief for city budgets squeezed by pandemic?
* Analysts expect OPEC to reverse oil production cuts
* Global growth accelerated in February, rising to four-month high
* US businesses optimistic on economy, Fed Beige Book reports
* US Composite PMI (GDP proxy) rose to seven-year high in February
* US services sector growth eases to slowest pace May via ISM data, but…
* Services PMI (via IHS Markit) shows a much stronger profile for February
* US employment growth slowed more than expected in February via ADP data:

Macro Briefing: 3 March 2021

* Biden says US to offer all adults vaccines by end of of May
* Rockets hit airbase in Iraq hosting US troops
* Texas governor lifts mask mandate, allows full reopening for businesses
* Lifting pandemic restrictions is still risky, say health experts
* Myanmar security forces shoot 9 protesters
* US GDP growth in Q1 expected to accelerate
* China’s economic rebound slowed to 10-month low in February
* Eurozone economy continued to contract in February
* Contraction in UK services sector slowed in February
* Five-year Treasury inflation forecast rises to 2.43%, a 10-year high:

Macro Briefing: 2 March 2021

* CDC warns of “potential fourth surge of cases” in the US
* Sen. Elizabeth Warren unveils proposal for wealth tax on ‘ultra-millionaires’
* China closes a major bitcoin mining operation
* German retail sales fell sharply in January due to coronavirus lockdown
* US states lose far less tax revenue than expected due to coronavirus
* Global manufacturing activity rebounded to three-year high in February
* Wall Street is increasingly worried about stock market optimism
* Regional bank stocks are benefitting from higher interest rates
* US construction spending rose again in January, reaching another record high
* US manufacturing output in Feb grew at fastest pace since pandemic started: