China Data Paints Mixed Picture
Following the inking of the initial phase of U.S.-China trade deal, economic data showed slower growth in China but positive sparks in output and sales data. Cautious optimism hangs in the air as U.S. equities trudge to new record highs.
2020 WEF Report: Climate Crisis Tops World...
The World Economic Forum's '2020 Global Risks Perception Survey' ranked climate change risks as the top five long-term risks, ahead of cyberattacks, global governance failure and assets bubbles. The 50th WEF in Davos will focus on international solidarity.
Markets Eye Earnings & U.S. China Trade...
4th Quarter Earnings season just kicked off! A strong spot for Wall Street seems to be bond-trading. In non-earnings news, the Fed comes out with its Beige Book Wednesday. Markets will also be keeping a close eye on trade and the phase one trade deal that is expected to be signed.
US Treasury Drops China's Currency...
The US Treasury Department removed its designation of China as a currency manipulator. Top officials from US and China are scheduled to sign phase one of the US-China trade agreement.
Dow Tops 29K as US Hiring Slows
The U.S. employment report showed NFP missing expectations for the final month of 2019. The equity benchmarks touched new record highs even as hiring slowed and wage growth eased in December.
Trade Optimism Ahead of D.C. Gathering
Washington and Beijing are expected to ink the first phase of a trade agreement in D.C. The global economy faces headwinds while negotiations for the next phase of the trade deal could present elevated risk and uncertainty.
Bond King Says 35% Risk of Recession in 2020
As we usher in a new decade, Bond King Jeff Gundlach says it won't be the "Roaring 20s" but it also won't be the "Boring 20s". The DoubleLine Founder seemed neither overly cautious nor overly optimistic during his "Just Markets" webcast. He also warns against buying BB corporate bonds, saying there is such starvation for yield out there that people are throwing caution to the wind and buying...
Fed Examines Policy Tools Amid Low Rates
The Federal Reserve is reviewing its monetary policy approach as the New Year kicks off. At a Conference in San Diego ideas for appropriate policy tools were highlighted by former and current central bankers.
Safe Haven Demand Rises on Mideast Tensions
2020 saw a solid start to global equity markets but Mideast tensions pushed safe-haven bids and lifted oil and gold prices. Iranian General Qassem Soleimani was killed in a U.S. air strike at Baghdad airport.
2020 Fixed Income Outlook
What’s top of mind for fixed income investors in 2020? For Gene Tannuzzo, it’s trade. Tannuzzo also notes the divergence between the weak economic activity abroad, particularly in industrial sectors, versus the strong service sector and the strong consumer in the U.S.
"Santa Claus Rally" Phenomenon
Going back 50 years, the Stock Trader’s Almanac finds that the S...
Bull Market Could Extend Run into New Decade
The end of the decade is set to mark the longest bull market on record. Expectations of progress in U.S.-China trade negotiations are boosting the equity markets yet the latest durable goods orders pointed to weak business spending on equipment and may weigh on Q4 economic growth.
Congress Passes SECURE Act & Retirement...
As part of a broader spending bill, Congress passed the SECURE Act. Some of the retirement changes passed include allowing parents to withdraw as much as $5,000 from their 401(k) without penalty if they have a baby, allowing contributions to traditional IRAs after the age of 70.5 years old, and using 529 plans for student-loan debt up to $10,000.
Yield-curve Measure Hits Steepest Level in...
The U.S. Treasury yield curve touched its steepest point in over a year. The gap between the two-year note and the 10-year note hit its widest levels in over a year as the U.S. economic outlook and inflation expectations shift at year-end.
Another Record High for Stocks!
Stocks hit record highs again, and the Dow, S&P 500 and Nasdaq are on a 5-day winning streak. Meanwhile, the House passed a $1.4 trillion government-spending package, as lawmakers try to avoid another shutdown. The Congressional Budget Office estimates that the national deficit will be an average of $1.2 trillion every year in the next decade from 2020-2029.
Upbeat Economic Signals Extend Record Highs
In the final full trading week of 2019, the major indexes scored another round of record highs. Investor sentiment remained elevated amid a preliminary trade deal between the U.S. and China and upbeat economic data from the two major economies.
Trade Hopes Fuel Optimism as Fed to '...
The countdown to 2020 is anticipated as the Federal Reserve indicated no hikes in the coming year. Ahead of the tariff deadline, U.S.-China trade deal hopes lifted global sentiment.
Boris Johnson Wins in Landslide &...
This week, U.S. stocks hit new record highs, amid hopes of a phase one trade deal with China. There also seems to be more certainty about Brexit after Boris Johnson's landslide victory in the UK election. And in other global news, Christine Laguarde held her first press conference as the new head of the ECB. She wants to be an owl...