BofA Survey: Global Fund Managers Dodge FOMO
The latest Bank of America Merrill Lynch survey of global fund managers reflects recession fears easing as U.S. equity markets continue to hit new record highs.
Interest Rates Explore Green at SF Fed Climate Conference
The Federal Reserve is taking a closer look at the economic impacts of climate change and how to quantify climate risk. The San Francisco Fed gathers to discuss 'The Economics of Climate Change,' while the concept of a “green" or "natural" interest rate is an idea that will be presented.
U.S. Stock Markets During Election Years
In less than a year, Americans will head to the polls to vote in the 2020 presidential election. It's no secret that election years can bring uncertainty but what can historical stock market patterns tell us about the U.S. equity markets?
1st Public Human Spaceflight Company Now Trading on NYSE
Virgin Galactic just became the first and only publicly listed human spaceflight company. You’ll find it trading on the New York Stock Exchange, under the ticker SPCE. The company is partnering with Land Rover, Under Armor and Boeing, and says it has 600 Future Astronaut customers from 60 countries.
Goldman Sachs: We're Not Close to a Recession
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.
Goldman Sachs Calls For Volatile October
The S&P 500 and the tech-heavy Nasdaq dropped the most in a month amid Trump impeachment uncertainties, and there could be more market moves ahead. Goldman Sachs expects a seasonal pickup in volatility in October. Equity derivatives strategist John Marshall calls it “a critical period for many investors and companies that manage performance to calendar year-end.”
Wall Street Gyrates on Uncertainty
Global markets gyrated as the implications of political developments were considered on both sides of the Atlantic. As the United Nations General Assembly got underway, concerns about an extended US-China trade war and slowing global growth weighed on sentiment.
Fed Injects Liquidity into Money Markets
The stress in the overnight lending markets led the Federal Reserve to inject funds into the system for four consecutive sessions. While the root cause of market strains is debated, Fed Chair Powell downplayed any impact on the economy.
Homebuilders Happy & Buyer Demand Up
Oil markets face volatility in the aftermath of the Saudi oil attack that cut production there in half. Sentiment from the National Association of Homebuilders beat expectations, and buyer demand was 67% higher than the same period one year ago.
Small-Cap Stocks Staging a Comeback!
The Russell 2,000 started the first half of the week in the green, rallying much more than the S&P 500 which was relatively flat. Turning to eco data, a key measure of labor demand fell for the second month in a row. The Fed will also be watching inflation data coming out ahead of the September rate decision.
Fed to Weigh Jobs Growth Slowdown
Ahead of the September Federal Reserve meeting, the U.S. jobs report showed that a fewer-than-expected 130,000 new jobs were created in August. Fed Chair Powell, described the economy and labor market as "healthy" at a speaking engagement in Switzerland.
Stocks Start September in the Red
U.S. Equities fell at the start of September as trade tensions intensified, new tariffs on $112 billion of Chinese imports took effect, and U.S. manufacturing data disappointed. Still, investors are finding relief in real estate and utilities. Those two sectors hit record highs.