This is Not a Coiled Market
From Nasdaq:
1) The global markets and economy roundup from Nasdaq’s IR team reveals the mixed performance of equities, with gold, the dollar, Treasury yields, and oil all higher. US payrolls increased by 216,000 in December, exceeding expectations, while average hourly earnings also rose. Overall, the markets are showing signs of recovery, with the possibility of a rate cut decreasing. * source: CNBC
2) Sales of sustainability-linked bonds dropped by 22% in 2023, a record decrease, as investor skepticism grows about the effectiveness of these bonds. Despite this, global chip demand is expected to rise by the second quarter of 2024. Meanwhile, the U.S. job market weakened in December, and Eurozone inflation rose to 2.9%. * source: BNN, NIKKEI, FT
3) The Federal Register ended 2023 with 90,402 pages, the second-highest tally of all time. U.S. federal government regulations cost an estimated $3.079 trillion in 2022, equal to 12% of U.S. GDP. Compliance costs fall unevenly on major economic sectors and disproportionately on small businesses. * source: Forbes, National Association of Manufacturers
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