The spring/summer rally for the S&P 500 Index has faded, but the pullback still leaves the market positioned to post one of its stronger calendar-year gains in decades. The obvious caveat: a lot can happen between now and Dec. 31. But for the moment, American shares reflect a robust bull run for the year to date.
Daily Archives: October 11, 2023
Macro Briefing: 11 October 2023
* Republicans remain divided over choice for House Speaker
* Rising bond yields expected to support pause in Fed rate hikes
* Housing industry urges Fed to halt rate hikes to avoid hard economic landing
* Economist Paul Krugman reverses view and says US budget deficit is too high
* Exxon agrees to acquire shale oil firm Pioneer
* Small business optimism dips in September— inflation is still “top problem”
* Oil market downplays Israel-Gaza conflict… so far
