Technology is killing it–again. The sector is posting the strongest year-to-date performance for US equity sectors stocks, based on a set of ETF proxies. A close second: communication services. Meanwhile, financials and energy are suffering this year.
Daily Archives: March 21, 2023
Macro Briefing: 21 March 2023
* Chinese leader Xi praises Putin in Moscow as Ukraine war grinds on
* Japan prime minister makes surprise visit to Ukraine
* Japan prime minister announces new Indo-Pacific plan during India visit
* French government survives no-confidence votes re: pension reform
* JPMorgan CEO Jamie Dimon leads efforts for First Republic Bank rescue
* Amazon will cut an additional 9,000 jobs
* Fed should continue rate hikes, says chief economist for S&P global ratings
* Fed to hike interest rates by 1/4 point tomorrow via futures market forecast:
