The low-hanging fruit has been picked. Casual observation suggests as much. The S&P 500 Index has rebounded sharply off its previous low in October, closing up 14% on Friday (Feb. 17) since October’s trough.
Daily Archives: February 21, 2023
Macro Briefing: 21 February 2023
* Supreme Court case could change immunity standard for Big Tech’s social media
* China is mobilizing its courts to undermine foreign intellectual-property rights
* The Fed’s preferred inflation gauge is expected to run hot in Friday’s update
* Eurozone rebound in business activity accelerates in February
* UK private sector grows in February after six-month decline
* US earnings decline for companies expected in Q1 and Q2, analysts predict
* US Leading Economic Index continues to signal high recession risk, CB reports:
