Watch this weeks review here: https://youtu.be/m-SREARZ5mU
Weekly Headlines: FED hikes rates 75 bps. Second consecutive quarter of negative GDP growth in the US. Personal Spending in June comes in high at 1.1%.
Summer market rally continues to power on in spite of US data releases.
Commodity prices up across the board.
Jobs listings crater. Given the 2-week lag in this series, will be very interesting to see how labor market responds to technical recession.
Bit of softening in short end of yield curve, 2-10 remains inverted.
Credit spreads contract on seemingly risk on sentiment.