Debt Ceiling Fears, Fugly Data, & FedSpeak Slam Stocks & Crypto; Gold & Bonds Bid
April 20, 2023 at 16:00 PM EDT
Some more ugly data today (Philly Fed slumped, claims jumped, home sales weak, leading indicators tumbled) sent the US Macro Surprise Index down to its lowest in over two months… Source: Bloomberg Debt ceiling anxieties are building (US Sovereign risk hits record high)… Source: Bloomberg And a scold of FedSpeakers today ahead of the blackout […] Source
