Shares of technology firms, along with digital communications and consumer discretionary stocks, are the US equity market leaders by a wide margin in 2023, based on a set of ETF proxies. The rest of the field is far behind, with nearly half under water year to date, as of Wednesday’s close (June 7).
Daily Archives: June 8, 2023
Macro Briefing: 8 June 2023
* US trade deficit widened by the most in eight years in April
* Eurozone economy contracts slightly for second straight quarter in Q1
* Japan GDP growth revised sharply higher for Q1
* Yields rise around world as traders lean toward Fed hike by July
* US approaching “late, big-cycle debt crisis,” says Bridewater’s Ray Dalio
* Freight railroad alert issued as shippers fear more West Coast port tensions
* Nearly half of Gen X population unprepared for retirement, survey finds
* US economic growth still expected to pick up in Q2 via GDPNow model:
