A Just-OK Stock Market for New Fed Head Powell’s First 6 Months
The Dow is up 4.6% since he took over, putting him in the middle for debut chairs.
The Dow is up 4.6% since he took over, putting him in the middle for debut chairs.
Historically, value outperformance happens when an economic boom has played out.
Equities are among the highest performers for the Canadian pension fund’s mid-year returns.
Weakness in once market-leading tech threatens to reprise the winter 10% slide, the firm says.
Goldman strategist notes rise of short-term rates and projects a 3.6% 10-year Treasury.
Activist investor thinks aggressive short-term rate increases 'heightens' recession risk.
While pay raises are torpid now, expect a surprise at year-end due to tight labor markets, David Levy says.
It also risks pushing the US and the world into a recession, BofA Merrill warns.
The US and the world’s economies should be fine in 2018, then start to slow, IHS Markit predicts.