Yesterday I reviewed numbers that show that the 2023 advance in the S&P 500 Index continues to post a high return when set against historical calendar-year results. Encouraging, but it’s still premature to dismiss the view that the market remains in a bear-market rally.
Daily Archives: October 12, 2023
Macro Briefing: 12 October 2023
* Israel-Hamas war may disrupt gas output and major shipping chokepoints
* Israel-Hamas conflict expected to have limited impact on global economy: Yellen
* Speaker-designate Scalise struggling to win votes for House speakership
* UAW strike expands at Ford plant at Kentucky
* Fed minutes: officials see ‘restrictive’ policy in place until inflation eases
* Business inflation outlook relatively unchanged at 2.4% in October
* US wholesale inflation rose more than expected in September:
