The US stock market rally this year continues to be led by so-called high-beta stocks, which are outperforming the broad market by a wide margin, based on a set of proxy ETFs through Monday’s close (Feb. 6).
Daily Archives: February 7, 2023
Macro Briefing: 7 February 2023
* Death toll rises above 5000 in Turkey-Syria earthquake
* US economy is key challenge for Biden in tonight’s State of Union address
* GOP House Speaker McCarthy calls on Biden to agree to spending cuts
* Chinese search engine giant Baidu’s shares surge after AI bot announcement
* Google set to launch Bard, an artificial intelligence bot to rival ChatGPT
* CVS set to acquire primary-care provider Oak Street Health for $10.5 billion
* Market breadth improves in this year’s stock market rally
* Policy-sensitive 2-year US Treasury yield rises to one-month high:
