Market Moves
This Rally Will Last a Long Time, Invesco Predicts
The economy and the stock market should be able to overcome the virus, say the firm’s strategists.
Tag: Federal Reserve
Market Moves
Seth Klarman’s Diagnosis for the Market Rally: Virus-Prompted Impatience
Investors, cooped up and eager for normality’s return, are mistakenly bidding up share prices, he contends—and it won’t end well.
Coronavirus - COVID-19
Maybe, Just Maybe, the Virus Woes Have Peaked
Commonwealth’s McMillan sees encouraging pandemic data, and thinks the recovery can continue.
Market Moves
Giddy Market Focuses Only on the Fed Statement’s Good Half
The rest of the announcement, spotlighting the virus’ seemingly dauntless chokehold on the economy, gets ignored.
Market Moves
The Dollar Is in Peril of Getting Knocked Off Its Perch, Goldman Warns
Tumbling value for the greenback could end its status as the world’s reserve currency, the firm’s analysts say.
Market Moves
A 60-40 Portfolio Is Still the Bomb, Says Vanguard
Some have questioned the conventional asset split, but its performance during this messy year shows its worth, the firm declares.
Regulation
Research Calls Lack of Diversity Atop Financial Regulators a ‘Bipartisan Failure’
There has never been an African American chair of the SEC, CFTC, or FDIC.
Market Moves
Ackman Bets Against Junk Bonds, Now Resurgent
Hedge fund honcho thinks dragged-out economic recovery will harm high-debt companies.
Will Mega-Stimulus Bring Inflation After COVID and Recession Are Gone?
Unlikely. Here’s why, despite all that federal money sloshing around in the system, price rises should stay tame.
Market Moves
Gundlach Charges the Fed Is Propping Up Rickety Companies
The central bank’s program to buy corporate debt just delays the inevitable collapse and makes it worse, the Bond King contends.
Market Moves
Ed Yardeni Slams the Fed for Setting Up a Market Slide
The central bank has jazzed up investors so much that a nasty fall will result, the economist warns.
Risk
Attack of the Zombies: Potential Deadbeats Are Almost 20% of Companies, Says DB
US businesses that lack the income to pay their huge debt service, kept alive by more borrowing, are on shaky ground, Deutsche Bank Securities’ Sløk warns.
Market Moves
Hey, Washington, Buy Gold to Support Dollar, Guggenheim CIO Says
Scott Minerd calls on Fed to increase its holdings of the metal—which, unlike the dollar, is rising in value.
Why the Worst Is Over for Mortgage-Backed Securities, Maybe
MBS, which got flattened in March, are on the mend, but some warning signs linger. Like, what if the recession caves the housing market?
Fallen Angels Get Fed’s Helping Hand. Is That Enough?
Some bonds may be beyond hope, and once the central bank’s backstop ends, there goes the artificial price support.