Newsclips
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April 6, 2017
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OPEN Charts of the Week Topics Covered This Week Include: Commitments of Traders Update – New Format Now Available! An Earnings Preview An Earnings Preview – 2 FAANG Stocks Drive The S&P 500 ADP Surprise Will Raise Expectations For Friday’s Employment Report ETF Investor Flocking to Emerging Mkts, Fleeing U.S. Small Caps ETF Investor Flocking to Emerging… Continue reading Charts of the Week
Bloomberg – ADP Says Companies in U.S. Added 263,000 Employees in March Companies continued to add workers to U.S. payrolls in March at a solid pace, data from the ADP Research Institute in Roseland, New Jersey, showed Wednesday. Private payrolls climbed by 263,000 (forecast was 185,000) after a revised 245,000 gain in February, ADP said. Financial… Continue reading ADP Surprise Will Raise Expectations for Friday’s Employment Report
Reuters – DoubleLine’s Gundlach says no risk of U.S. junk bond ‘meltdown’ There is no risk of a high-yield junk bond “meltdown” because the risk of a recession is low, Jeffrey Gundlach, chief executive of DoubleLine Capital, said on a client webcast on Tuesday. “With inflation falling in the months ahead, pressure for higher yields is… Continue reading U.S. High Yield Not Primed for Disaster, but Tempering Returns
Wall Street Journal – China’s Currency Takes a Twist Ahead of Trump-Xi Meeting As China’s leader prepares to head to the U.S. this week, there’s a new twist in the persistent argument that China is keeping its currency artificially low against the dollar. The yuan has recently been rising. The gains have been small—the yuan is… Continue reading China Gaming Yuan Value Ahead of Trump Meeting
Bloomberg View – Ben Emons: Falling Real Yields Are the Key to Understanding Today’s Markets For all the talk about how the Federal Reserve has finally decided to pick up the pace of interest-rate increases, the fact is that real rates — or those after taking into account inflation –are not only still negative, but… Continue reading Falling Bond Yields
Bloomberg Business – ETFs Are the New Bond Kings Exchange-traded funds are transforming debt markets as big investors use them in ways considered crazy a few short years ago. Many other money managers have made their peace with debt ETFs and are weaving them deeper into their books. BlackRock gained 64 institutional users of its bond… Continue reading Bond ETFs
Business Insider – ‘The most dangerous idea in Federal Reserve history’ seems to be making a comeback Top Federal Reserve officials, including Chair Janet Yellen, have expressed concern that waiting too long to raise interest rates might force the Fed to tighten monetary policy even more quickly in the future, potentially tipping the economy into recession.… Continue reading The Fed’s Monetary Policy
Barron’s – As U.S. Stocks Lose Steam, What’s Next? So what’s going to move the stock market going forward? Depends on whom you’re asking. Katie Nixon, the chief investment officer at Chicago-based Northern Trust, suggests the political interplay between the White House and Capitol Hill is what’s driving the train. “Political developments continue to usurp monetary… Continue reading Politics, Economic Data And The U.S. Stock Market
Bloomberg View – Tim Duy: The Fed Knows Better Than to Be Fooled by Weak ‘Soft’ Data Federal Reserve officials continue to anticipate additional monetary policy tightening this year on the order of another two interest-rate increases. They have no reason to back down just yet. The weakness seen in “hard” economic data based on actual performance… Continue reading Soft Data And The Fed
Bloomberg Business – China Surpasses Canada as Top Buyer of U.S. Crude China became the biggest buyer of U.S. crude oil in February, surpassing Canada, at a time when OPEC is cutting back output. China imported 8.08 million barrels of U.S. light crude, nearly quadrupling its January purchases, according to data released by the U.S. Census… Continue reading China Now The Largest Buyer Of U.S. Crude Oil
Bloomberg Business – Fed Leak Probe Dooms Lacker But Leaves Key Question: Who Leaked? ‘The story is not over,’ former Fed adviser says about probe Richmond Fed President Jeffrey Lacker resigned abruptly Tuesday as he announced his role in the unauthorized disclosure of information to Medley Global Advisors about policy options that the central bank was… Continue reading Drama At The Federal Reserve