The stock market is showing some bounce lately, but on a year-to-date basis red ink still dominates. Looking at equities through a factor lens, however, continues to show a wide variety of losses in 2022. Notably, the softest setbacks are (still) in high dividend and value strategies, based on a set of proxy ETFs through yesterday’s close (Aug. 3).
Daily Archives: August 4, 2022
Macro Briefing: 4 August 2022
* China conducts live-fire military drills around Taiwan
* US Senate approves adding Finland and Sweden into NATO
* US factory orders post solid growth for June
* Global economic growth slows to 2-year low in July via PMI survey data
* OPEC agrees to small increase in oil output
* S&P US Services PMI shows contraction in July, but…
* ISM Services Index indicates slightly stronger growth in July:
