Macroeconomics tends to treat the economy as a single thing. But most shocks and every new technology skews in some way towards particular industries or activities. One of the limitations of macroeconomics is that we tend to assume that everything is the same across the whole economy – it’s a reflection of the ‘macro’ in […]
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Markets The stars aligned for a significant risk-off correction yesterday. First and foremost, the market narrative changed since the end of last week with investors attaching a higher probability to a mid-term US recession. Especially Read more…
Despite beating both revenue and earnings expectations and the forecasts for the current quarter, Nvidia got beaten by the market. The share price tanked 8.50% in yesterday’s post-earnings session, took out the 200-DMA and closed Read more…
In focus today In the US, the Fed’s preferred measure for inflation, the PCE, is due for release for January. While the earlier CPI showed a notable uptick in inflation pressures at the beginning of Read more…