Asset Allocation
Jerome Powell Won’t Get a 2nd Term as Fed Head, Says JPM Economist
The Democrats’ left wing will want a kindred spirit, rather than the GOP-appointed incumbent, Michael Feroli thinks.
Tag: Donald Trump
FinCEN Adviser Sentenced for Leaking Reports to BuzzFeed
The suspicious activity reports focused on subjects such as Paul Manafort and the Russian Embassy.
Market Moves
Dimon: Minimum Tax on Corporate Proceeds Abroad Is a Very Bad Idea
JPM chief, joined by Citi’s Fraser, says Biden plan will backfire on the US.
Research
Biden’s First 100 Days Are the Third Best … in the Stock Market
With the Dow ahead by 9.9% over the period, he is bested only by FDR and Taft.
World Trade Post-Pandemic: Same Old Problems, Now Worse
A surging China elbows others, the deficit-burdened US struggles, and Brexit is in the pits.
How Jeffrey Gundlach Gets Ready for Higher Rates
Check out the Bond King’s model portfolio designed to hedge against inflation and—oh, yeah—deflation, too.
Market Moves
Maybe Those 3 Delisted Chinese Stocks Will Be Reinstated After All
Kicked off the NYSE under Trump, the companies could get a second chance under Biden, a Schwab strategist says.
Everybody Says Higher Interest Rates Are Coming … But When and By How Much?
There are three reasons why, after long dwelling at subterranean levels, the cost of money will eventually poke its head up.
Market Moves
Why Joe Biden’s First Year Might Fall Short in Stock Market Terms
Historically, a new president’s initial year is not a barn burner, LPL stats show.
Market Moves
Schwarzman Predicts Gentler Biden Approach to Beijing
Blackstone head has been close to Trump, but he also is an investor in Chinese companies.
Investors’ Dilemma: Buy Stocks in Growing China, or Not?
Beijing’s hard-line policies and investing hurdles complicate the decision.
Market Moves
2021 Economy Won’t Start Off Well, but Last Half Will Be Good, BofA Predicts
Problems like the virus and high joblessness will continue for a while, the bank’s strategists declare.
Newsmakers
Jerome Powell May Get Extended as Federal Reserve Chief, Say Analysts
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
Market Moves
Dr. Doom: Partisan Divisions Will Axe a New Stimulus—and Bring Another Downturn
To economist Nouriel Roubini, a breakthrough is unlikely either in a lame duck Congress or the one next year.
Market Moves
A Divided Congress Is Good for Stocks, Study Says
When neither party controls both side of Capitol Hill, the S&P 500 does best, per LPL study.