A clean sweep of red ink washed over all the major asset classes for the trading week through Friday, Aug. 19, based on a set of ETFs.
Daily Archives: August 22, 2022
Macro Briefing: 22 August 2022
* US delegation including Indiana’s governor in Taiwan for trade talks
* Russia sees no chance for diplomatic solution to end the war in Ukraine
* Daughter of Putin ally killed in car explosion near Moscow
* US, S. Korea start biggest military drills in years amid threats from N. Korea
* China cuts lending rates again, following a cut last week
* Germany likely headed for recession, Bundesbank predicts
* US ‘effectively peak employment,’ says ZipRecruiter CEO Ian Siegal
* Severe droughts snarling supply chains and lifting food prices
* Fed expected to slow rate hikes to 50 basis points in September
* Business community overwhelmingly expects a recession within next 18 months
* US Dollar Index near 20-year high:
