Predicting is hard, especially about the future, but sometimes it’s a bit easier for financial markets when prices are at extremes. The challenge is defining “extreme.”
Daily Archives: July 28, 2023
Macro Briefing: 28 July 2023
* US government-shutdown risk may be brewing… again
* US pending home sales index rose in June–first increase since February
* Japan 10yr bond yield jumps to 9yr high as Bank of Japan eases yield control
* German economy posts slight loss in GDP for second quarter
* US jobless claims fell more than expected last week
* Durable goods orders in US rose more than forecast in June
* US GDP posts strong upside surprise, increasing 2.4% in second quarter:
