Tag Archives: strategist

Are we in a recession? Let the debate begin. When asked whether the U.S. is in a recession, Elyse Ausenbaugh, global market strategist at JP Morgan, told Yahoo Finance Live: “We do not [think so].” “To us, the main things we’re focusing on are ongoing strength in the labor market,” Ausenbaugh added. “Looking into components of GDP, the fact that consumers are still spending in real terms and that things like credit card delinquencies remain at all-time lows is an encouraging sign that,… Source link

U.S. stocks have rallied so far in July, and a nearly 10% gain in the S&P 500 since June 16 has lead to speculation from some investors about whether the market has finally bottomed. But in the view of at least one market strategist, the answer to this question is an emphatic “No.” “It still looks a bit wobbly,” HSBC Chief Multi-Asset Strategist Max Kettner told Yahoo Finance Live on Monday. “To me, there’s this bear market rally we are seeing, because the underlying fundamental data… Source link

The European Central Bank raised rates for the first time in more than a decade on Thursday, boosting its benchmark interest rate by a half-percentage point. At the same time, the central bank rolled out a new flexible bond-buying program it’s dubbing the Transmission Protection Instrument, or TPI. The latter is an effort to smooth out the volatility triggered by the central bank’s shifting rate policy. And this rollout caused a bit of confusion in markets, with the euro spiking as high as… Source link

“The Federal Reserve isn’t trying to kill the economy, it’s just trying to end free money,” said veteran strategist John Stoltzfus. “Free money is bad in our view in that it encourages all kinds of speculation, it inflates asset classes.. and it creates instability in the economy,” added Oppenheimer’s chief asset management strategist. Stolttzfus’ comments come on the heels of last month’s jobs data highlighting continued tight labor market conditions. Market watchers see the… Source link

Base metals rallied on Thursday, but their downward trend over the last several weeks has been flashing recessionary signals. Copper (HG=F) futures touched a 19-month low this week amid concerns of a recession. The metal used in everything from jewelry to motors and electrical wiring is down about 19% year to date. “Doctor” Copper is often used to gauge the overall health of the economy. “Weak commodity prices help ease inflation fears,” Fiona Cincotta, senior financial markets analyst at City… Source link

Economists across Wall Street are raising the odds of a recession in the U.S. economy, and one strategist says it may already be here — especially in the eyes of consumers. “The state of the consumer has really deteriorated faster than we’ve ever seen in decades,” Lenore Hawkins, managing partner at Calit Advisors, said on Yahoo Finance Live (video above). “And both consumers and small businesses are basically telling us the recession is already here.” Consumer spending makes up nearly… Source link

The Federal Reserve, led by Jerome Powell, raised interest rates earlier this month.Samuel Corum/Getty Images A “stubborn” Federal Reserve has increased the likelihood of a prolonged recession, according to Axonic Capital’s Peter Cecchini.  That’s because the Fed could cause economic whiplash that leads it to cutting interest rates sooner than expected. “The 1970’s drawdown scenario of almost 50% for the S&P 500 is becoming all the more likely,” Cecchini said. The Federal Reserve’s decision to… Source link

As big name investors such as Bill Ackman and Jeff Gundlach clamor for the Federal Reserve to hike interest rates by 100 basis points or more, one top strategist thinks observers should really think through what they are calling for. “Be careful what you wish for,” 22V Research Founder Dennis DeBusschere on Yahoo Finance Live (video above). “You want to take it to an extreme. Let’s go 100 basis points, 200 basis points, or 400 basis points. Let’s crush the economy. I don’t think that would be… Source link

With inflation hitting a 40-year high and gas breaking $5 a gallon, all eyes are on the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting. According to Drew Matus, chief market strategist at MetLife Investment Management, the Fed addressing inflation isn’t a matter of “if” but rather to what extent for investors. “The real question right now is: What’s going to be the cost of handling the inflation story?” Matus said on Yahoo Finance Live (video above). “I think… Source link

The 60-40 stock-bond portfolio has been a bedrock of traditional investing, but it’s also been a loser thus far in 2022. “Investors who own a 60-40 balanced portfolio just feel like they’ve been punched in the gut,” Emily Roland, co-chief investment officer at John Hancock Investment Management, said on Yahoo Finance Live (video above), adding that year-to-date so far it’s down about 10%. A 60-40 portfolio consists of 60% equities and 40% bonds or other fixed-income offerings. Stock and… Source link