The US stock market closed on Thursday (June 8) with a 20% gain above its previous low in October, triggering announcements by a number of analysts that a new bull market has started. Let’s dig into the details and commentary for some perspective.
Daily Archives: June 9, 2023
Macro Briefing: 9 June 2023
* Trump indicted in in classified documents probe by federal investigation
* Fed expected to pause rate hikes next week via survey of economists
* Resilient US economy raises uncertainty for Fed policy path
* Labor slowdowns at West Coast ports causing new supply chain disruption
* Middle-income buyers face a severe housing shortage
* China faces deflation risk: 1-year producer prices fall at steepest pace in 7 years
* US jobless claims rise to highest since October 2021:
