High-flying energy shares have hit turbulence in recent weeks but remain, by far, the leading performer for US equity sectors so far in 2022, as of yesterday’s close (June 27), based on a set of ETFs. But with global growth slowing, and recession risk rising, analysts are debating if it’s time to cut and run.
Daily Archives: June 28, 2022
Macro Briefing: 28 June 2022
* China in focus at wrap-up for G-7 meeting
* Larry Summers’ inflation warning was right. Now he sees secular stagnation
* Lagarde says ECB is ready to “move faster” on rate hikes if needed
* Strong dollar is especially worrisome for emerging markets this time
* US durable goods rose more than forecast in May:
