This year’s rebound in asset prices around the world suggests that investor sentiment is shifting to risk-on after a year of playing defense. Trying to divine the future for pricing is always precarious, especially in the near term. But there’s no charge for looking at proxies of key market trends through various ETF pairs. As we’ll see, certain slices of markets are predicting a new bull run, but it’s still early to ring the all-clear signal, according to a broad measure of US stocks relative to US bonds, which is arguably a more reliable indicator. But let’s start with the sizzle.
Daily Archives: February 9, 2023
Macro Briefing: 9 February 2023
* US-China tensions are high, but so is commerce between the two nations
* Fed officials reaffirm that higher rates needed to tame inflation
* China deploys surveillance balloons worldwide, say US officials
* Disney announces 7,000 job cuts as streaming business falters
* Credit Suisse reports huge annual loss as it continues with reforms
* Mortgage refinance demand ticks up as mortgages rate fall for fifth week
* JPMorgan reportedly cuts hundreds of mortgage employees
* Commodities prices near lowest level in over a year:
