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Determined Hawks, Ambivalent Bulls
Markets felt all at once tense and disinterested following what it was fair to call a stagflationary read on the US economy.
Although anecdotes from respondents to America's marquee manufacturing survey didn't suggest an outright recession is imminent, silver linings were hard to come by in this week's sole top-tier data release out of the US.
Factory activity is contracting and raw materials prices are increasing for the first time in five months, which may presage a renewed bout of goods inf
“you’d think investors would be more concerned about credit risk,”
In the last week–especially the last 2 or 3 days–I’ve been seeing so many mentions of turmoil in Commercial Real Estate markets / REITs. That’s clearly becoming something of a topic du jour.
WMD- any links to articles you found insightful would be appreciated!
Thanks for the clarification on top tier. It had confused my 67 year ago brain.