Most of the major asset classes continued to rebound in April, led by property shares ex-US, based on a set of ETF proxies. The downside outliers: foreign government bonds in developed markets, stocks in emerging markets and commodities.
Daily Archives: May 1, 2023
Macro Briefing: 1 May 2023
* JPMorgan acquires failed First Republic Bank
* Fed report finds fault with its oversight in collapse of Silicon Valley Bank
* China manufacturing unexpectedly contracted in April
* South Korea’s exports fell for seventh straight month in April
* Hefty churn in jobs expected in next 5 years, economic report predicts
* Charlie Munger sees trouble ahead for US commercial property market
* US consumer spending was flat in March, reflecting slowing economy
* Fed’s preferred inflation metric slows in April, but just barely:
