Giant Tech Stocks Primed for Another Slide, Says Sage
Last Friday's strong jobs report signals the rise of lesser lights in the market, Leuthold’s Jim Paulsen predicts.
Economy
Stocks Usually Stink in August, but Bonds…
Fixed income benefits from equities’ worst month, LPL says.
What Is the 10-Year Treasury’s Falling Yield Telling Us?
Not that a slowing economy is ahead, says BCA Research. The answer, it thinks, is ‘more subtle.’
OK, Why Are Those Jobs Unfilled? Hint: Money
Pandemic-era workers want a lot more pay, a New York Fed poll finds.
Jerome Powell Won’t Get a 2nd Term as Fed Head, Says JPM Economist
The Democrats’ left wing will want a kindred spirit, rather than the GOP-appointed incumbent, Michael Feroli thinks.
If Governments Can Just Keep Their Cool, the Economy Will Be Fine, Says Savant
The 2020 recession was driven by policy, so any Delta-inspired double dip would be, too, Commonwealth’s McMillan warns.
Big Tech Is Too Expensive? Don’t Believe It, Says Cooperman
The billionaire investor thinks high P/Es now offer a better deal than in the future, when they’ll rise more.
Report: Fat From Funding, Corporate Pensions May Want to Hibernate
Now is a good time for well-funded DB plans to think about a hibernation portfolio, according to NISA.
Why Jeffrey Gundlach Thinks the Dollar Is ‘Doomed’
Federal and US trade deficits will eventually do a number on the greenback, says the Bond King.
Retirement Support Could Be Included in $2 Trillion Infrastructure Bill
House Ways & Means Chairman Neal backs the recommendations of the new Racial Equity Initiative.
Cathie Wood Cuts China Stock Holdings, Leery of Beijing’s Crackdown
The growth stock maven thinks official persecution will squelch valuations, especially of promising tech titans.
Is the 10-Year Yield Telling Us About Inflation or the Economy? Neither, Says Well Fargo
The big dip may be forecasting exactly nothing, because other factors are making it drop, the bank argues.
You Think M&A Is Hot Now? Wait for the Tax Effect, Says Schwarzman
Blackstone chief sees Biden’s planned boost for the capital gains levy as spurring more deals.
‘We Don’t Believe You’: Why Futures Market Is Skeptical of Fed’s Rate Hike Plans
One reason is that spending-happy Washington will need more central bank Treasury buying.
Jerome Powell Has the Worst Fed Day Record for Stocks
S&P 500 returns are mainly negative on day he announces decisions; not so for prior chairs.