Newsclips
COVID-19 Update
June 2, 2020
The world is not flattening the curve. The U.S. still has hotspots in the southeast and out west.
The world is not flattening the curve. The U.S. still has hotspots in the southeast and out west.
Today's topics include prime vs. government-only money market funds, the long road to recovery according to the CBO, markets pricing in best case earnings scenario, the ECB mulls additional bond purchases, China's soybean threat, stocks' historical reaction to protests, bullish equity sentiment, and Bob Michele on yield curve control.
A replay of our June 4, 2020 conference call
Is the bond market offering proper signals anymore? Is it a true reflection of market sentiment or a distortion from extreme Federal Reserve policy?
In the past couple months, we looked at the wild swings in the markets on a monthly basis. This month, we take a step back to look at the 10-year annualized returns of some of the major asset classes.
Despite the S&P 500's total return of almost 13% in April, investors pulled over $20 billion out of equity mutual funds and ETFs.
Today's topics include U.S./Chinese tensions, the Fed reveals ETF purchases, cautioning the Fed against doing more, purchasing managers indices, bank deposits surge, fund managers love U.S. stocks, driving in the U.S., conflicting stats on stock market breadth, the NYC jobs market, and stock valuations.
*While the number of new daily infections is slowing in the U.S., that is not the case worldwide. *Deaths in the U.S. are still far surpassing the total suggested by statistical models during normal periods. *COVID is highly concentrated in large urban areas.
Today's topics include stock returns after market breadth picks up, GDP revisions, previewing the next FOMC meeting, crude oil's 74% MTD return, inflation vs. equity returns, corporate bond issuance, a second look at yesterday's drop in continuing claims, and about those returns reported by tail risk funds.