One of Wall Street’s famous maxims is that bull markets climb a wall of worry. On that score there’s no shortage of real and potential hazards lurking. But as recent history suggests, the crowd isn’t intimidated, at least not yet. Quite the opposite, in fact, as investor sentiment seems to have been stoked in favor of buying, according to various trend profiles in markets around the world that point to price strength that highlights risk-on positioning.
Daily Archives: July 18, 2023
Macro Briefing: 18 July 2023
* Victory still not imminent on inflation war, advise economists
* Teamsters president asks White House not to intervene in looming UPS strike
* JP Morgan and Goldman Sachs lower US recession odds
* Slower China growth not a first-order risk for America, according to US officials
* Russia steps up economic war on West by seizing assets of two companies
* CNN Money Fear and Greed index stays in “Extreme Greed” zone on Monday
* US housing market recession appears to be fading
* US chip industry presses Biden to refrain from additional China curbs
