For much of the past month and a half the S&P 500 Index has rallied, recovering all of the lost ground from the summer/fall correction. The market is currently trading at just below its July high. A decisive rise above this level would strengthen the view that US equities are poised to break free of the trading range that’s prevailed for much of the past two years.
Daily Archives: December 7, 2023
Macro Briefing: 7 December 2023
* House votes to bar Biden emission regulations favoring electric vehicles
* US 10-year Treasury yield falls to 4.1%–lowest since early September
* Germany stock market rises to record high
* Moody’s downgrades outlook for 8 Chinese banks
* China says exports rise for first time in seven months
* US private sector jobs rose less than expected in November: ADP
