The US stock market’s bounce in recent days has inspired speculation in some quarters that equities have found a bottom. Maybe, but the strength of downside momentum and other factors suggest otherwise.
Daily Archives: October 19, 2022
Macro Briefing: 19 October 2022
* Biden set to announce of additional oil reserve sales to reduce gas prices
* Central banks will continue to raise rates to fight inflation, predicts Nordea
* Inflation in Britain rose 10.1% n September–a 40-year high
* US homebuilder sentiment falls to 2-1/2 year low in October
* US industrial production rebounds more than expected in September:
