Markets

Stocks are rallying after the Fed signals it’s willing to cut interest rates

Stocks rallied on Wednesday after Federal Reserve Chair Jerome Powell told Congress that trade and global growth concerns “continue to weigh on the US economic outlook.” Powell’s comments tempered concerns that excellent US employment figures might lead the Fed to take an expected interest-rate cut off the table. “Jerome Powell’s […]
Stocks are rallying after the Fed signals it’s willing to cut interest rates
Markets

Legendary investor Stanley Druckenmiller made a blockbuster trade by dumping his stocks and going all-in on Treasurys after Trump escalated the trade war with China

Hedge Fund billionaire Stanley Druckenmiller cut his stock-market exposure to zero after President Donald Trump’s May 5 tweet stating that tariffs on Chinese imports would be raised. Druckenmiller instead invested in US Treasurys, which are seen as a safe haven during times of economic stress. The 10-year yield fell from […]
Legendary investor Stanley Druckenmiller made a blockbuster trade by dumping his stocks and going all-in on Treasurys after Trump escalated the trade war with China
Markets

An ‘Achilles’ heel’ in credit markets means fund managers are bracing for a recession — here’s how they’re adjusting their portfolios

Asset managers are growing wary that a US recession might happen in the next year and are shifting portfolios accordingly. Participants at an annual Moody’s conference cited the Treasury yield-curve inversion and a slowing US economy as key factors. They’re buying gold, gearing up for consolidation, are wary of the […]
An ‘Achilles’ heel’ in credit markets means fund managers are bracing for a recession — here’s how they’re adjusting their portfolios
Markets

Wall Street Is Wondering If We’re About To See A Repeat Of 1996

Perhaps the most significant weather event to hit the U.S. economy in modern times was the blizzard of January 1996. About 12.5 million American workers reported they were unable to work due to bad weather that month (chart 1) — by far the most in the history of the employment […]
Wall Street Is Wondering If We’re About To See A Repeat Of 1996
Markets

The New Bill Gross Trade Is Getting Creamed

Bill Gross, who manages the world’s biggest bond fund at PIMCO, is out with his latest monthly investment outlook today. His advice: Don’t fight the Fed. Bet that it will keep its commitment to stimulating the economy via zero interest-rate policy for the next two years — even as it […]
The New Bill Gross Trade Is Getting Creamed
Markets

Bonds Are Taking A Beating After Strong Jobs Numbers

Payroll processing firm ADP just released its monthly National Employment Report — which estimated that 238,000 workers were added to private-sector payrolls in December — and Treasuries are taking a hit in the wake of the release. 10-year Treasury futures are down 0.4%, while the yield on the 10-year Treasury […]
Bonds Are Taking A Beating After Strong Jobs Numbers
Markets

Treasuries Are Getting Smashed Today

Treasuries managed to escape yesterday’s session relatively unscathed despite the FOMC’s announcement of the first reduction in the pace of the Federal Reserve’s quantitative easing program (a.k.a. “tapering”) a few months before most on the Street expected. Today, however, U.S. government bonds are taking a hit. The belly of the […]
Treasuries Are Getting Smashed Today
Markets

NOMURA: Investors Are Hedging Too Much Against A December Taper

The consensus on Wall Street still appears to be that the Federal Open Market Committee will refrain from announcing the first tapering of the Federal Reserve’s quantitative easing program until its March policy meeting. However, good news on the economic data front has market participants wondering if the FOMC could […]
NOMURA: Investors Are Hedging Too Much Against A December Taper
Markets

Here’s How Today’s Jobs Report Will Move The Market

The October jobs report will be marred by data collection issues caused by the government shutdown. However, the headline gauge of nonfarm payroll creation — the one the market likes to pay attention to — should be relatively clean. The BLS “establishment survey” from which the nonfarm payroll number is […]
Here’s How Today’s Jobs Report Will Move The Market
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