The key takeaway from Wednesday’s FOMC meeting: despite encouraging inflation news, the Fed believes they have a long inflation fight ahead.
Will a dollar decline be good for stocks? It is an interesting question, given that during 2022 there was a significant non-correlation between the dollar and the stock market.
Scott Minerd, Global CIO for Guggenheim Partners and Chairman of Guggenheim Investments, joins the year-end episode of Macro Markets on Fed Day for a wide-ranging discussion of the Federal Reserve’s execution of monetary policy, economic conditions, the investment landscape for risk assets, portfolio strategy, and more.
The European Central Bank is likely to continue hiking rates next year, but the end point remains uncertain.
The Federal Reserve raised interest rates by a half point (50 basis points) on Wednesday in line with forecasts.
In part 1 I covered a model portfolio that was built on August 24, 2021, with the primary objective of generating a higher level of current income safely.
The Northern Trust Economics team shares its outlook for inflation, growth, employment and interest rates.
What's next for global growth? Our Macro Strategies team shares a regional breakdown of their growth expectations across the globe.
U.S. stocks are solidly lower as the markets continue to digest the economic implications of yesterday's 50-bp rate hike from the Fed.
In our 2023 outlook, we outline three key themes for the new year and highlight several implementation solutions investors can use to navigate potential challenges and grow client portfolios in the new year.
The latest adjustment snaps a four-month run of 75 bps interest rate increases by the Fed.
Andy Rothman explains the three reasons why he’s now bullish on China after being cautiously optimistic.
The Fed downshifted to smaller rate hikes but isn’t close to done.
Starting in 2012, it became more and more difficult for prudent dividend growth stock investors looking for income.
Democratization has become a buzz word within the fintech industry as technology and innovation have emerged to battle the headwinds that previously blocked accessibility to a subset of investment vehicles such as structured products.
In his latest memo, Howard Marks writes that the investment world may be experiencing the third major sea change of the last 50 years. Events in recent years – especially the spike in inflation and the Federal Reserve’s response – appear to have caused a reversal of the market conditions that prevailed after the Global Financial Crisis and for much of the last four decades. Howard discusses what this potentially new era could mean for lenders, especially bargain hunters.
Falling prices for cars and holiday discounting contributed to softer U.S. inflation, creating more room for the Fed to potentially dial back its hawkish stance.
Small-cap companies are usually the most vulnerable to volatility, with their stock prices and earnings getting hit particularly hard and early in economic downturns, much like what occurred in 2022. Yet they also tend to lead the way on both fronts during recoveries.
Yield is set to be a more important component of total return for investors during the next few years as the “Fed Put” exerts less influence on markets.
Emerging Markets (EM) assets were subject to three strong headwinds in 2022, namely, China’s zero Covid-19 and real estate crisis, aggressive interest rate tightening from the US Federal Reserve (Fed), and the Russia invasion of Ukraine.
The current market environment is attractive for a covered call strategy.
I was reminded in a recent read of Robert Hagstrom’s book, Warren Buffett: Inside the Ultimate Money Mind, how Warren Buffett and Charlie Munger define the economic earnings power of a business.
U.S. stocks are soaring in pre-market trading amid a softer-than-expected November consumer price inflation report.
The U.S. Superbubble, as Jeremy Grantham has termed it, featured the most dangerous mix of factors in modern times at the end of last year: all three major asset classes – housing, stocks, and bonds – were critically historically overvalued.
On his first visit to Japan since the pandemic, portfolio manager Shuntaro Takeuchi found new opportunities as well as familiar ones intact.
There’s a lot of chatter out there about recession…
The Fed’s mandate is stable prices and maximum employment.
Since the beginning of October, the market has performed better as a “Fed Pivot” bull case pushed investors into the market
Central banks are incurring losses.
As the super-growth cycle is ending in dramatic fashion, we are already seeing some of the most attractive valuation opportunities in years.
For the first time in a long time, muni investors may be able to earn attractive yields without having to take undue risk.
The recent escalation in interest rates is squeezing household budgets.
Many have been asking this question since earlier this year, a question that has no easy answer. As economists – us included – continue to forecast the most ‘telegraphed’ recession in history, it is important to point to those things that make this economic cycle very different from past economic cycles.
Why everyone should invest this way. With this video, I have revisited previous videos going back as far as July 2017.
Economic news—and market reactions to it—increasingly resemble a tennis game. Spectators follow the ball back and forth, thinking something will happen but usually it doesn’t.
Ole Hansen, respected commodity strategist at Denmark’s Saxo Bank, says it’s possible once markets realize that global inflation will remain hot despite monetary tightening. I believe, as I’ve said before, that gold could climb as high as $4,000.
Review the latest Weekly Headings by CIO Larry Adam.
An alpha-oriented approach.
Recently, Bank of America discussed the “5-Lessons From The Nifty Fifty.”
It's the end of the world!
U.S. stocks ended higher in a quiet day, trimming some of the week's losses.
A multi-real-asset strategy may help plan participants preserve and grow purchasing power, enhance portfolio diversification, and mitigate inflation risks.
Subscribers have requested that I cover 5 dividend stocks with yields ranging from 2.5% to 9.5%.
While many seemed to focus on the basics of the employment report like average hourly earnings (which don’t take into consideration industry mix shifts among the employed) and the payroll job beat for the month, there is one very important variable that revealed the weakness in last month’s jobs report.
After a challenging 2022, it is time for investors to look forward to opportunities. Emerging Markets (EM) debt stands out as one place where investors can potentially take advantage of an underutilized asset class that offers attractive yields and diversification.
“95 years ago, your crystal ball reveals: Russian debt default, LTCM fail, DotCom implosion, 9/11 attacks, financial crisis and great recession, pandemic killing millions, 3 market crashes. Would you put your money into stocks? No? You missed a 10X return.”
In his latest memo, Howard Marks weaves together some of the themes he’s explored in 2022 to explain what he believes really matters in investing and what doesn’t. He discusses the disadvantages of short-term thinking, the difference between volatility and risk, and the one word he believes defines the essence of investment excellence.
Oil dropped Tuesday on the release of the new Short-term Energy Outlook (STEO) released by the Energy Information Administration.
“Web1” represents static websites, and “Web2” represents the shift in the delivery of the internet to user-centric, dynamic web offerings and platforms.
Are Chinese stocks good value? It’s a question we’re getting asked by a lot of clients. Some Chinese stocks may appear attractive from a valuations perspective – but you need to think differently about value investing in emerging markets.
