Pensions
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.
Tag: Donald Trump
Newsmakers
Good Economy Means a Trump Win, Says PE Potentate Rubenstein
Incumbent presidents only lose due to recessions, Carlyle founder argues.
Asset Allocation
Defense Stocks Are Killing It, but for How Long?
Amid swelling Pentagon spending under Donald Trump, they look good. But under President Bernie Sanders?
Market Moves
What? Stocks Stumble as No Hollywood Ending Caps Trade Talks?
Market once more is shocked that this fraught diplomatic cage fight is far from over.
Asset Allocation
It’s the 5th Trade Deal Announcement: What if This One Falls Apart, Too?
The latest breakthrough is laden with ‘ambiguity’ and ‘fragile,’ says the Center for Strategic and International Studies’ China expert.
Risk
A Warren Win Wouldn’t Necessarily Bring a Bear Market, Says Bernstein
Similar downbeat predictions about Obama and Trump came to naught, strategists point out.
News
3rd Year of a President’s Term Is Best for Stocks, Report Says
The odds are highest, at 82%, the S&P 500 will be up, per Bespoke.
Further Fed Stimulus Falls on Increasingly Barren Ground
Evidence mounts that, after 10 years of extremely low rates, the impact of more cuts is limited.
Market Moves
Group to Trump: Ax Investments in Indexes with Chinese Companies
Petition argues federal Thrift Savings Plan shouldn’t be ‘used to finance our enemies.’
Regulation
Congress Eyes Barring Federal Pension Investments in China
An independent government body had been preparing to invest in a global index that has 7.5% Chinese stocks.
Newsmakers
No Recession Before the 2020 Election, Goldman Chief Predicts
David Solomon gives odds of a downturn next year as just 25%, which would be good news for Donald Trump.
Trump Administration Proposes Further Scrutiny of Foreign Investments in the US
New rules seek to protect the country’s critical infrastructure, technology, and sensitive personal information of citizens.
How Impeachment Could Hurt the Stock Market
Wall Street believes that investors care only about the economy, which still seems pretty good, not politics. What if they intersect?
If the Rich Think a Recession Is Coming …
UBS survey of family offices says a majority foresee an economic slump in 2020.
Market Moves
What’s the Fed’s Next Step on Rates?
Futures markets predict it will reduce another quarter-point this year, and that’s it.