Markets

‘Now is a time to be cautious’: The world’s largest distressed-securities investor breaks down why an unstable economy leaves the market vulnerable to further shocks

Oaktree Capital Management high yield portfolio manager Madelaine Jones says economic recovery depends on when the pandemic is resolved. “Until fundamentals really do improve, conflicting economic data and political shocks could spark more market ructions,” she wrote Thursday. A large amount of company defaults in the future could be one […]
‘Now is a time to be cautious’: The world’s largest distressed-securities investor breaks down why an unstable economy leaves the market vulnerable to further shocks
Markets

Long-term investors can look beyond current market turmoil as stocks could gain up to 12% in the next few months, a Wall Street investment chief says

Morgan Stanley Wealth Management’s investment chief told Bloomberg on Wednesday that long-term investors should look beyond the current market turmoil because a V-shaped recovery and market gain of up to 12% in the next few months is still likely. “At the minute we have this confluence of rising surging cases […]
Long-term investors can look beyond current market turmoil as stocks could gain up to 12% in the next few months, a Wall Street investment chief says
Markets

US economic recovery is ‘V-interrupted’ and could slow after fiscal stimulus boost fades, a JPMorgan chief strategist says

US economic recovery is currently “V-interrupted” and could slow down again in the fourth-quarter after the effects of fiscal stimulus dwindle, JPMorgan Asset Management’s David Kelly told CNBC. “We have seen what looks like a V-shaped recovery, but it’s really V-interrupted — it’s half of V,” Kelly, the chief global […]
US economic recovery is ‘V-interrupted’ and could slow after fiscal stimulus boost fades, a JPMorgan chief strategist says