Bloomberg – Janus’ Gross Sees No Rate Increase Until Late 2015 ‘If at All’ Bill Gross, the former manager of the world’s largest bond fund, said the Federal Reserve won’t raise interest rates until late this year “if at all” as falling oil prices and a stronger U.S. dollar limit the central bank’s room to… Continue reading Gross: No Rate Hike
Finanz und Wirstschaft: Jeffrey Grunlach: I just hope the Fed thinks carefully about what it is doing Jeffrey Gundlach, CEO of the investment firm DoubleLine, is bullish on the Dollar and worried that a rise in interest rates could cause an economic downturn in the United States. The crash in the oil market is already… Continue reading Gundlach Is Worried
MarketWatch – Mark Hulbert: A bear market in stocks just became more likely The Dow’s direction in the first two days of January often is a predictor for the remainder of the year Bad news, investors: The Dow Industrials’ 300-plus-point drop Monday markedly increases the likelihood that the bull market has neared its end —… Continue reading The Second Day Of The Year
Barron’s – Byron Wien Lays Out 10 Surprises for 2015 Among the Wall Street veteran’s predictions: the Fed will raise interest rates earlier than expected. Editor’s Note: This is the 30th year that Wien has given his views on a number of economic, financial market and political surprises for the coming year. Wien, a senior… Continue reading Byron Wein Predictions
The Wall Street Journal – CNBC to Stop Using Nielsen for Ratings Business-News Network Says Its Out-of-Home Audience Needs to Be Counted Financial news network CNBC will no longer rely on TV ratings specialist Nielsen to measure its daytime audience, beginning later this year. Instead, it has retained marketing and research firm Cogent Reports for… Continue reading CNBC Demands A Recount!
Comment Jim Bianco was on Bloomberg TV on Friday talking about earnings, the economy and the Fed. To view any our recent interviews click here. According to Bloomberg, 2015 earnings growth is expected to be just 6.4%. This is the lowest beginning of the year estimate since the Great Recession. Also note that over the… Continue reading A Look At 2015 Earnings
The following weekly charts show the seasonally adjusted growth rates of M1, M2, M3 and MZM. 13-Week Growth Rate 26-Week Growth Rate 52-Week Growth Rate The following weekly charts show the seasonally adjusted growth rates of retail, institutional and total money market funds. 13-Week Growth Rate 26-Week Growth Rate 52-Week Growth Rate The following weekly… Continue reading Untitled
The Wall Street Journal – Wall Street Strategists Expect Stocks to Keep Climbing in 2015 As we highlighted in Friday’s Morning MoneyBeat, 22 strategists are estimating an average increase of 8.2% for the S&P 500 in 2015, according to Birinyi Associates. If that happens, the S&P would finish 2015 at 2228. The predictions of an… Continue reading Everything You Wanted To Know About Wall Street’s S&P 500 Forecasts
CNBC – Rosenberg: Perma-bears on the ‘lunatic fringe’ For the better part of 12 years, David Rosenberg was a rock star among perma-bears, an integral part of a crowd that saw little else but doom ahead for the markets and economy. Now that he’s changed his tune, the Gluskin Sheff senior economist and strategist finds… Continue reading David Rosenberg Distances Himself From The Permabears
CNBC – Raj Mahal: Steak, strippers & sweet rides: Wall Street’s back A salesman at a high-end car dealership in Manhattan that specializes in selling Bentleys, Rolls Royce and Lamborghinis (that range from $100,000 to $500,000) said that the fourth quarter was his “best quarter ever.” “I am very optimistic for the first quarter of… Continue reading This Is Only The Case At A High
The Financial Times – Identifying market faultlines for 2015 Dominating last year’s worry lists were fears of mistakes by the US Federal Reserve. In the event, the Fed preserved remarkable calm in 2014, recent volatility notwithstanding. But that has arguably only increased concern over whether 2015 might be the year central banks loose their grip.… Continue reading What To Worry About In 2015