Most of the major asset classes suffered last week as markets reassessed the risk of ongoing hikes in interest rates and elevated recession risk, based on a set of ETFs for the trading week through Friday, Dec. 16. The main exception: US bonds rallied amid firmer demand for safe havens.
Daily Archives: December 19, 2022
Macro Briefing: 19 December 2022
* Putin ‘planning for long war’ in Ukraine, predicts NATO chief
* US border cities prepare for expected migrant surge
* Tech firms focus on heading off tougher regulation
* Morgan Stanley analyst: drop in US corporate profits could rival 2008 era
* Goldman Sachs planning deep job cuts as it faces sharp business downturn
* US Senate banking chair considers banning crypto
* Germany business climate sentiment improves for third month in December
* Fed officials reaffirm plan to extend hawkish policy to tame inflation
* The housing market appears relatively insulated from the downturn this time:
