U.S. equities are modestly higher but near the unchanged mark in pre-market action.
Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy.
I’m not sure where I’m going these days.
Templeton Global Equity Group weighs in on inflation’s emergence in Japan, recent monetary policy shifts, and the implications for investors.
U.S. stocks are falling sharply, giving up yesterday's rally.
Rick Rieder and team outline how to think about portfolios as we enter 2023.
Last week Zero Hedge achieved the impossible, they managed to make a report from the Philadelphia Federal Reserve go viral.
As of Friday, December 16, the S&P 500 Index is down -19.7% from the most speculative level of valuations in U.S. history – exceeding even the 1929 and 2000 extremes, based on the valuation measures we find best-correlated with actual subsequent market returns in cycles across history.
GMO 7-year asset class forecast: November 2022,
A surprising shift in Japan's monetary policy.
One of the most common complaints I hear from investors is that their advisors or brokers like to tell them when to buy a stock, but never tell them when to sell.
In a recent San Francisco Federal Reserve Publication titled “Monetary Policy Stance is Tighter Than Fed Funds Rate,” the authors argue that the “all in” policy rate is actually higher than the Fed Funds rate would suggest.
Capital represents the resources and labor used to produce goods and services.
As the second-largest economy in the world, China’s reopening has important economic and market implications. Here are some key considerations.
It appears to us at Smead Capital Management that investors are behaving in a way that will damage their capital and cause them to suffer stock market failure.
In 2023, the math of valuations suggests returns will likely be challenging as markets remain difficult to navigate.
What a difference a year makes!
The economics teams looks back at the most significant stories we covered during 2022.
The credit cycle and the economic cycle are excellent leading indicators of volatility.
Considering that a new year almost always brings surprises of one form or another, we've highlighted our top five that may define the global markets in 2023.
The Fed has massively inverted the yield curve. We explain why investors might be frontrunning themselves and why the long-term rate won’t budge.
Over the past two years, the US Federal Reserve has repeatedly erred in its analysis, policymaking, communications, and governance.
Structurally tight labor markets are providing support for tighter monetary policy, but the Fed may be fighting an uphill battle.
Inflation trends are moving in a favorable direction, but the change is likely too slow for the Fed to take its foot off the brake anytime soon.
This fall was a memorable time in the Halverson household.
As investors hope for a Santa Claus rally in the days ahead, the Grinch is looking to steal their holiday cheer.
This will be my last letter of 2022. I want to use this letter as a set-up for my annual forecast issue the first week of January. That means we will touch on a variety of topics, kind of a snapshot into where my mind is today. Get ready to travel the world but let’s start at home with the Federal Reserve meeting this week.
This important milestone is the culmination of decades’ worth of research and lots of trial and error, and it makes good on the hope that humanity will one day enjoy 100% clean and plentiful energy.
Chief Economist Eugenio J. Alemán discusses current economic conditions.
Stephen Dover, Head of Franklin Templeton Institute, shares his scorecard on some market prognostications for 2022, and what his team is watching in 2023—from blockchain to balanced portfolios.
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.
