Tag Archives: Markets

Markets

This Week Could Make or Break the Fed’s Hope to Tighten into 2019
Posted By Ben Breitholtz  |  Newsclips

This week's economic data releases have the potential to make or break the Fed's hopes to hike in 2019. U.S. economic data changes are beginning to fall below one-year average growth rates, fulfilling dramatically rising concerns over the path of the U.S. economy.... Read More

Markets

Is Crude Oil the New Fed Chairman?
Posted By Jim Bianco  |  Newsclips

Inflation expectations and Fed policy seem to move in lockstep with energy prices. The fall in crude has dampened inflation expectations, prompting the Fed to take a "wait-and-see" approach to hikes in 2019. Does all of this reverse if crude oil prices rebound? Is crude oil running Fed policy?... Read More

Markets

Credit Exodus Reaches Leveraged Loan Funds
Posted By Peter Forbes  |  Newsclips

Rising volatility is sending investors out of leveraged loan ETFs. The pace of tightening in financial conditions remains a threat for both leveraged loans and high yield. ... Read More

Markets

Conference Call Replay – What is Driving the Economy and Corporate Bonds?
Newsclips

The handout, audio replay, webinar replay and summary of our December 6, 2018 conference call.... Read More

Markets

Rate Hike Timing Falls Thanks to Souring Global Growth and Inflation Expectations
Posted By Ben Breitholtz  |  Newsclips

Falling rate hike timing can be attributed to equal contributions by slowing global economic growth and inflation expectations. Heavy steepening positioning across the U.S. Treasury curve will be put to the test heading into year-end.... Read More

Markets

Rotation out of Financials
Posted By Peter Forbes  |  Newsclips

The financial sector is in investors' crosshairs as a rotation out of cyclical sectors continues. Asset managers and insurers have underperformed so far, but banks and diversified financials are more exposed to contracting leverage. ... Read More

Markets

Is High Yield Too Idiosyncratic to Be Indexed?
Posted By Jim Bianco  |  Newsclips

The highly idiosyncratic high yield bond market has been consumed by index trading. This represents a risk as the bonds that make up these indices are too different to assume they can trade as one. When stresses rise enough, these bonds could go their separate ways, making index level strategies ineffective.... Read More

Markets

Inversion a Red Flag, but Economic Data a Better Predictor of Recessions
Posted By Ben Breitholtz  |  Newsclips

The U.S. Treasury yield curve inversion has begun to flash warning lights about a slowdown in U.S. economic growth. But, a recession is still better timed by realized economic data.... Read More

Markets

Curves and Monetary Policy Matter More Than “Tariff Man”
Posted By Jim Bianco  |  Newsclips

We continue to believe the effects of trade and tariffs on the markets are overstated. Markets are reacting to inverted yield curves, monetary policy, and slowing global growth more so than tweets from "tariff man."... Read More

Markets

Transports Brace for Amazon Air
Posted By Peter Forbes  |  Newsclips

Amazon's latest move to control more of its distribution strikes the shipping industry at an awkward time. Concerns over the rising competition will compound worries about slowing growth and margins. ... Read More

Markets

Bond Investors Say “Bah Humbug” to Inflation and Tightening Outlooks
Posted By Ben Breitholtz  |  Newsclips

U.S. inflation has lost momentum on the heels of slowing global growth, dampening the Fed's hawkish bias. Bond investors refuse to become concerned a rash of inflation or tightening can occur as evidenced by low U.S. Treasury volatility.... Read More

Markets

Yuan on the Move, Liftoff in Australia
Posted By Peter Forbes  |  Newsclips

A sharp two-day rally in the Chinese yuan has risk markets captivated, but the Chinese industrial economy is the real question. With correlations between industrial metals and risk markets still at multi-year highs, search trends in Australia paint a bullish picture. ... Read More

Markets

Is China’s Core Competency at Risk in the Trade War?
Posted By Jim Bianco  |  Newsclips

Scott Galloway recently offered his thoughts that China's core competency may be at risk due to the trade war.... Read More

Markets

Canada Cuts Oil Output, Pressure Rises on Bank of Canada
Posted By Peter Forbes  |  Newsclips

The government of Alberta blinked as the collapse in oil prices continued to weigh on the local economy. Measures to cut production and boost takeaway capacity in the region took prices off their lows. The Bank of Canada will be pressed to maintain its hawkish stance.... Read More

Markets

Fed Rhetoric Loses Hawk Talons
Posted By Ben Breitholtz  |  Newsclips

Tumbling inflation expectations and slowing global growth are tempering hawkish rhetoric from the Federal Reserve. The probability of Powell pausing has risen to 54%.... Read More