The year’s penultimate trading week was short but it didn’t lack for drama. A broadly defined, equal-weighted measure of commodities led a mixed run for the major asset classes while stocks and bonds in emerging markets posted the deepest losses, based on a set of exchange traded funds at the close of last week’s trading (Dec. 24).
Continue reading
Daily Archives: December 28, 2020
Macro Briefing: 28 December 2020
* Trump signs pandemic relief bill, averts government shutdown
* Suspect in Nashville explosion died in blast, policy say
* Risks continue to lurk for global economy at year’s end
* UK headed for ‘bumpy period’ in Brexit transition period
* Bitcoin on track for third monthly gain in December–longest streak in over a year
* Is the worst yet to come for pandemic blowback in the US?
* 10yr Treasury market’s inflation forecast holds at 1.97%–highest since April 2019: