The Case for a Good 4th Quarter in the Market
Final period is the strongest, especially when the S&P 500 is up over 15% for the year, LPL’s Detrick says.
Market Moves
What Recession? Forecasts See Only a Slowdown
Establishment outlooks find US will avoid an actual economic contraction up ahead.
What’s the Fed’s Next Step on Rates?
Futures markets predict it will reduce another quarter-point this year, and that’s it.
Steve Schwarzman Knocks Beijing, as Business Chiefs Grow Leery on Trade Tiff
The Blackstone head, on old China hand, argues that the challenge to Chinese conduct is justified.
60% of Americans Think a Recession Likely Will Hit in 2020
ABC/Washington Post poll results are similar to survey findings at the start of the Great Recession.
Ray Dalio’s Flagship Fund Takes a Rare Tumble
Pure Alpha, which clocked a 14% advance in 2018, has lost 6% thus far this year.
‘Big Short’ Seer Spies New Bubble: Index Funds
Result: Small-cap and value stocks end up neglected, Michael Burry says.
S&P 500 Dividend Yield Surmounts the 30-Year Treasury
The last time that happened was during the financial crisis, Bespoke says.
Larry Summers Dumps on Jackson Hole Avoidance of Negative Interest Rates
Former Treasury secretary thinks less-than-zero rates do little good and much harm.
Pay No Attention to the Inverted Yield Curve, Some Economists Say
Shiller, Yardeni, Yellen, and El-Erian trash this feared recession signal as off-base nowadays.
So the Federal Reserve Doesn’t Care About the Stock Market? Baloney
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.
Blame the Computers for Last Week’s Market Wipeout
So says JP Morgan’s trading honcho, Marko Kolanovic, who thinks more than half the moves were due to algos.
US Negative Interest Rates Would Be a Disaster, El-Erian Warns
Allianz economist notes decline of yields and worries they might crop up in America.
Despite Trump Gesture, the Trade War Will Worsen, BofA Warns
White House delay on some new tariffs doesn’t convince analysts that peace is at hand.
Oh, Swell: August Is the Worst Month for Stocks
Bad things tend to happen this month, which tank the market, LPL’s Detrick warns.