As risk-off messages go, the markets couldn’t be any clearer in June. Losses weighed on every slice of the major asset classes, based on a set of proxy ETFs. Even cash took a hit, albeit a fractional one.
Daily Archives: July 1, 2022
Macro Briefing: 1 July 2022
* Supreme Court limits EPA rules for curbing power plant emissions
* US consumer spending growth slowed in May, raising concerns for economy
* US jobless claims hold steady, suggesting upbeat labor market outlook
* Eurozone mfg activity continues to slow, weakening to 22-month low in June
* Eurozone inflation hits record pace in June
* US dollar bucks the trend vs. most assets with a Q2 gain
* Atlanta Fed’s revised nowcast for US GDP turns negative for Q2:
