Market Moves
Bob Doll’s 2023 Predictions Underperformed
The Wall Street heavyweight’s forecast did not live up to his three-decade record, as a widely predicted recession did not materialize.
Search results for: Federal Reserve
Regulation
SEC Finalizes Treasury Clearing Rule
The rule requires most secondary transactions to be centrally cleared by June 2026.
Risk
What If Inflation Is Stuck at 3%, Derailing Fed Reductions?
The central bank wants the price index growth to ratchet down to 2%.
Risk
The Bear POV: Amid All the Good Feelings, What Could Go Wrong?
The S&P 500 is nearing its peak, but here is the case made by several prominent Wall Street seers for why things can go awry.
Asset Allocation
Long-Duration Corporates Will Pay Off When Fed Eases, Janus Henderson Says
Buying the bonds now is a good arb play amid talk of lower rates in 2024, the firm believes.
Asset Allocation
Why Small-Caps May Finally Bust Out of Their Torpid State
Lower rates, domestic orientations and history could produce a turnaround, Lazard says.
Research
When Will Interest Rates Fall and by How Much?
UBS analysts think the Fed will need 6 months or so to realize it can ease, gradually slicing the central bank’s benchmark by a modest amount, up to 0.75 points.
Newsmakers
Norges Bank, AP7 Named Co-Lead Plaintiffs in Silicon Valley Bank Lawsuit
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
Why Private Credit Is So Darn Popular
Yields are high, and well-fixed institutions back them, but what happens in a recession?
Asset Allocation
Hedge Fund Industry Maturing, Adapting as Investors Rebalance
Rising rates and volatility favor active management, while high cash rates put pressure on fees as year-end evaluations are made.
Regulation
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Research
Higher Interest Costs Will Continue for Some Time, Study Says
The so-called ‘natural interest rate’ is on the rise and will keep the cost of money aloft into the 2030s, per Bloomberg Economics.
Risk
Weak Companies’ Low-Yielding Bonds Set to Hit Maturity Wall
Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.
Asset Allocation
Allocators Increasingly Shying Away From Risk, Survey Says
Almost half are slowing and one-third are lowering exposure to stocks and other risk assets, per CoreData.
Asset Allocation
An EM Rebound—and It’s Not All About China
Why emerging markets, now in the doldrums, will come back, per Lazard.