Market Moves
Maybe It Will Be a W-Shaped Recession
Perhaps the 2020 downturn was just Part 1, BCA Research warns.
Tag: Paul Volcker
Risk
Forget Any Fed Pivot, Says JPM’s Gross
The bond and futures markets believe the central bank’s tightening will about-face—a bad call, the strategist contends.
So When Will Stocks and Bonds Un-Link?
It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet. Here’s what allocators can do about that.
Newsmakers
Volcker’s Lesson for Today’s Fed: Don’t Pivot
PIMCO’s Crescenzi touts the steadiness of the central bank chief who conquered inflation four decades ago.
Risk
Bear Markets and Recessions Don’t Always Go Together, Says Stovall
Turns out that, since World War II, three bears didn’t lead to a recession, CFRA research shows.
What Would It Take to Lower the Almighty Dollar?
Try a recession, or sanction-fueled suspicions, or high debt. But the buck’s dominance should continue, experts say.
Risk
Inflation: Why the Late 1940s Better Matches Today, Says Guggenheim
Not the 1970s, which is most often cited as the historical precedent, says firm CIO Scott Minerd. If so, that’s good news for us.
Has the Gabby Fed Gone Too Far in Its Transparency Push?
The central bank’s greater openness these days fuels risky behavior and thwarts flexibility, some say.
Newsmakers
Powell’s Stock Market Performance: So-So Versus Fed Peers
Of all 16 Federal Reserve chiefs, the current one—who may or may not get a second term—is No. 7 in Dow returns, says CFRA.