Setting the Stage for the Coming Recession
Brian Smedley, Head of the Macroeconomic and Investment Research Group, explains what the data tell us about the timing and severity of the coming recession. Recession Outlook Summary
Casualties of the Trade War
Brian Smedley, Head of the Macroeconomic and Investment Research Group, shares insights on the impact trade policy has on U.S. and global economic growth potential. Read Global CIO Outlook: The Fed's Sugar High
International Growth Strategy 3Q19 Update
Portfolio Manager Michael Testorf, CFA, highlights headwinds facing the global economy and discusses catalysts that could lift non-U.S. equity markets.
Growth Skids to Near 30-year Low in China
Q3 2019 economic growth slowed to its weakest pace in almost three decades in China as the trade war slammed factory production. U.S. tariffs on $7.5 billion of European goods also take effect.
IPO Market Sees Pressure Ahead of Lock-Up...
Biotechnology IPOs are on the horizon at the Nasdaq as the lock-up period for several 2019 IPOs are expiring. Caution surrounds the IPO market as recent multi-billion dollar listings see volatility and face scrutiny. The shares of over a dozen recently listed companies become eligible for selling until year-end.
The ETF Show - Disruption and Volatility Risk
Innovation, disruption and volatility may be seen as investment opportunities but risk abounds. Will Rhind, Founder and CEO of GraniteShares, highlights disruption as a risk that impacts investors and companies alike and the importance of flipping the investment paradigm. John Love, President & CEO of USCF explores crude oil volatility and exposure to commodities at this stage of the market cycle.
Fed Starts Balance Sheet Expansion
The Federal Reserve began buying bonds and plans to buy $60 billion a month in short-dated Treasury debt for the next three quarters. Fed Chair Powell emphasized that the move was not the start of a new round of QE.
Wall Street Weighs in on China Trade Deal
Wall Street is taking a closer look at the latest round of trade negotiations. Stocks saw quite a rally when the U.S. announced the first phase of a trade deal with China, but some of that optimism is fading. We discuss new notes from several of Wall Street's top strategists.
Volatility Strikes Markets in Q4 Kickoff
The broader equity markets are off to a volatile start amid uncertainty over the U.S.- China trade war and slowing global economic growth. The October Federal Reserve meeting and earnings season are anticipated.
Tariffs Could Drag Semi Sector Lower
Earnings forecasts for the semiconductor and equipment sector have been hit by tariff concerns. Sectors that are sensitive to tariffs are projected to issue weaker profits.
The ETF Show - Industry Outlook
The race to zero fees may be in the spotlight amid recent moves that slashed commissions on trades. Gavin Filmore of Barclays Investment Bank offers insight into the iPath Gold ETN and the iPath Silver ETN. Mike Castino of U.S. Bank discusses the industry outlook for ETFs and examines the shifts in the landscape. Click here to access Barclay's prospectuses: Bit.ly/ipathprospectus
Goldman Sachs: We're Not Close to a...
Weak manufacturing data has reignited recession fears for some investors, but Goldman Sachs thinks data could start to stabilize, if not improve, somewhat soon. Chief Global Equity Strategist Peter Oppenheimer just published a note on why he thinks this extremely long economic cycle stretch on and get even longer.
US Trade Blacklist Hits Chipmakers
The US Commerce Department added 28 Chinese companies and public security bureaus on its blacklist. The action prevents firm from purchasing components from American firms without government approval.
Powell Says Fed Will Soon Announce Plans to...
Fed Chair Jay Powell just announced that the Fed is going to add short-term reserves to give its balance sheet a boost, but he was very adamant about not calling it quantitative easing. He told an audience at the National Association for Business Economics annual event that the Fed’s Treasury purchases should not affect monetary policy. He also reiterated his stance that the Fed is data-...
US Jobs Data Maintains Fed Rate Cut Hopes
The September jobs report managed to strike a balance between positive economic growth and expectations of another interest rate cut by the Federal Reserve.
Biotech Debuts Soothe Ailing IPO Market
The 2019 IPO market is cooling as Q4 gets underway and private companies are coming under increased scrutiny. Viela Bio Inc. (NASDAQ: VIE) and Aprea Therapeutics (NASDAQ: APRE) saw an initial advance after going public. Frequency Therapeutics (NASDAQ: FREQ) eased back in its downsized IPO.
2 risks to the current economic expansion
What keeps portfolio manager Alan Wilson up at night? Here he reveals two risks he believes could derail this long-running bull market.
The ETF Show - Sustainable Investing
Socially responsible investing is gaining ground as it expands into a trillion dollar category AUM in the U.S. ETFs are reflecting this evolution with offerings that embrace awareness and ROI. Claire Smith, CEO of Beyond Investing (NYSE: VEGN), focuses on sustainability and a vision for a new fund. Toby Loftin, Founder of BP Capital Fund Advisors and TriLine Index Solutions (NYSE: RENW),...