It’s been a rough ride in recent weeks, but trend data still leaves room for debate on the prospects for maintaining bullish bets. Using a set of ETFs shows that most of the major asset classes in 2024 through Friday’s close (Aug. 9) are posting gains.
Daily Archives: August 12, 2024
Macro Briefing: 12 August 2024
* US sends more forces to Middle East, reacting to “escalating regional tensions”
* Is the recent surge of market volatility over? Not yet, predict analysts
* Increasingly price-sensitive consumers will help lower inflation rate
* Nouriel Roubini–“Dr. Doom”–doesn’t expect a hard landing for US anytime soon
* US inflation likely held stead in July, RBC predicts
* Despite market volatility, US large caps (SPY) still lead small caps (IJR) this year:
