The former bond king doesn’t like the fixed-income security that’s the lynchpin of the financial world. Bill Gross, the retired fund manager and co-founder of Pacific Investment Management,…
Read more The former bond king, Bill Gross, says 10-year Treasury is ‘overvalued’Stock investors have gotten off to a wobbly start to the new year, hobbled by shifting expectations on the timing and extent of Federal Reserve interest-rate cuts in…
Read more Why stock-market investors will remain at mercy of shifting rate-cut expectations after wobbly start to 2024Speculation that the 60-40 portfolio may have outlived its usefulness has been rife on Wall Street after two years of lackluster performance. But as the yield on the…
Read more Why the 60-40 portfolio is poised to make a comeback in 2024Financial markets were jubilant over Tuesday’s data showing that U.S. consumer prices eased by more than expected in October, with Treasury yields plummeting on expectations the Federal Reserve…
Read more How financial conditions might play into Fed’s thinking after October’s CPIA weak session is setting up for Tuesday, with oil under pressure after unexpectedly downbeat China export data. So the preference is for bonds this morning, as stock…
Read more A wall of debt rolling over: Here’s what’s scaring Bridgewater’s co-CIOBill Ackman isn’t the only boldfaced Wall Street name who believes the U.S. economy is in worse shape than the official data suggest. See: Bill Ackman cashes out…
Read more Why Bill Gross expects a U.S. recession to begin by year’s endTuesday’s selloff in U.S. government debt picked up steam in the late afternoon, sending most Treasury yields either further above or toward 5%. The jump in market-implied rates…
Read more Selloff in Treasurys gains momentum in late afternoon, pushing 3-month through 30-year yields either further above or toward 5%U.S. stocks closed higher Friday, with the S&P 500 eking out a modest weekly gain, as investors assessed a monthly jobs report that showed both a blockbuster surge…
Read more U.S. stocks end higher after blockbuster September jobs report as S&P 500 snaps 4-week losing streakU.S. stocks have risen sharply in 2023, with a small number of technology companies driving an ever-increasing share of the stock-market gains. While the 11.7% year-to-date gains for…
Read more U.S. stocks have had a great year in 2023 — but these numbers tell a different storyU.S. stock indexes opened mostly lower to start the month as Treasury yields resumed their climbs after U.S. legislators were able to reach a temporary agreement that averted…
Read more U.S. stocks open mostly lower as Treasury yields jump after Washington averts government shutdownWith the Federal Reserve preparing to release updated inflation and interest-rate forecasts on Wednesday, the proverbial elephant in the room will probably be missing from the equation: The…
Read more Why higher oil prices aren’t likely to make it into Fed’s inflation or rate outlookGetting staff back to the office is only part of the battle. Regional banks that went big lending on office properties also face a ticking time bomb of…
Read more Why the Fed’s next decisions on rates could lead to a wave of commercial-debt defaultsThree powerful dynamics in the global economy are expected to play a significant role in investors’ multi-asset allocations over the next five years, according to a 132-page report…
Read more Here’s the ‘triple power play’ that may rule stock-market returns, other assets for next 5 yearsU.S. stocks ended higher Friday after Federal Reserve Chairman Jerome Powell warned the central bank may need to raise interest rates even higher to temper a strong U.S.…
Read more U.S. stocks end higher after Fed Chair Powell’s Jackson Hole remarks, S&P 500 snaps 3-week losing streakU.S. stocks ticked higher while Treasury yields declined Wednesday afternoon in New York after the Federal Reserve raised its benchmark policy rate target to the highest level in…
Read more U.S. stocks tick higher, Treasury yields retreat as Fed hikes rates to 22-year highParts of the financial markets are struggling to adapt to the idea that the Federal Reserve might keep raising interest rates even after this week’s data clearly pointed…
Read more Why markets are misjudging the Fed’s ability to raise rates even though inflation is slowingThe S&P 500 index just wrapped up its strongest first half of a year since 2019, as a U.S. recession feared near by many investors seems perpetually further…
Read more Recession canceled? U.S. stock market ‘pretty frothy’ after S&P 500’s strongest first half since 2019.U.S. stocks finished mostly higher on Wednesday in a choppy session that saw the Fed leave rates steady in June, while penciling in another 50 basis points of…
Read more Stocks end mostly higher after Fed skips June rate hike but pencils in more this yearU.S. stocks ended mostly lower on Thursday, with the Dow booking a fourth day in a row of losses, as selling pressures returned to shares of regional banks.…
Read more Dow posts 4-day decline as regional-bank woes resurfaceWall Street embraced the U.S. April consumer-price index, a closely watched inflation gauge published Wednesday, with cautious optimism. But some Wall Street analysts are worried inflation might not…
Read more Wall Street cheers latest inflation report, but some say it could spell trouble for stocks down the road
