As evidence piles up that the stock market is caught in a bear market, the focus inevitably turns to analytics that will signal a high-confidence forecast that the selling has reached exhausted itself and a bottom has arrived. There are many possibilities for crunching the data and all come with caveats. But perhaps the leading first approximation is the start of interest-rate cuts.
Daily Archives: September 23, 2022
Macro Briefing: 23 September 2022
* Kremlin-run voting begins Friday in Russia-held regions of Ukraine
* Central banks around the world hike rates after Fed increase
* US Leading Economic Index fell for sixth straight month in August
* Investor pessimism returns to 2008-era high via BoA survey
* Eurozone contraction deepens in September, according to PMI survey data
* UK business activity falls at quickest rate since January 2021 via PMI survey data
* US jobless claims edged up last week but remain near historic lows:
