Betting against the US stock market has been a losing trade in relative terms in recent years and from a top-down down perspective it’s not obvious that’s about to change. But carving up the global market into regional slices highlights a rally in Africa stocks that may be set to give US shares a run for their money, based on a set of ETFs.
Daily Archives: August 14, 2024
Macro Briefing: 14 August 2024
* US regulator considers breaking up Google
* The unraveling of “carry trades” isn’t over, strategists predict
* US consumers fell behind on debt payments as pandemic-era wealth fades
* World’s largest sovereign wealth fund reports robust 1H tech-driven profits
* Home Depot downgrades earnings outlook as consumers turn cautious
* US wholesale inflation’s monthly changed ticked lower in July:
