Although American shares continue to hold on to a strong rally from the year-ago bottom, reclaiming the previous market peak is nowhere on the near-term horizon. The combination of heightened geopolitical risk, uncertainty about inflation and interest rates and the ongoing political dysfunction in Washington provide compelling reasons for investors to adopt a wait-and-see posture.
Daily Archives: October 19, 2023
Macro Briefing: 19 October 2023
* House GOP speaker race in stalemate as Jordan loses second vote
* Inflation is easing and economic growth is softening: Fed Beige Book
* 10-year Treasury yield above 4.9% for first time since 2007
* US household wealth rose at record 37% pace during pandemic
* Finnish telecom giant Nokia to cut 14,000 jobs
* US housing starts rebound in September after sharp fall in August:
