The last time investors’ inflation expectations rose as much and fast as they have recently was in the final months of 2016, thanks in large part to the unexpected election of U.S. President Donald Trump.
Indecision is back, going by daily charts of the S&P 500, after a five-day rebound restored half the ground lost earlier the month.
It’s an investing cliche: don’t panic. Wall Street strategists didn’t, and their imperturbability is looking smarter by the day.
U.S. stocks erased gains to end lower for a second day, while the dollar jumped with Treasury yields on speculation that the pickup in inflation signaled by data since the Federal Reserve’s last meeting will force a faster tightening schedule.
Someone call Ray Dalio: Investors are feeling less stupid about owning cash.
The economy has changed and investors can no longer rely on a diversified stock-bond portfolio to provide protection in times of market volatility, according to JPMorgan Asset Management.
The U.S. stock market only had a taste of the potential damage from higher bond yields earlier this year, with the biggest test yet to come, according to Morgan Stanley.
The turnaround at Pimco is nearing completion.
A quartet of bond managers ensconced in a glistening tower in Newark, New Jersey, say historically low long-term Treasury yields are here to stay. And they’ve got a growing pile of money backing that view.
What’s in a name? When it comes to exchange-traded funds, the answer could mean the difference between surviving a volatile market and getting wiped out.
Hedge funds have accumulated $3 trillion, with a substantial portion of it coming from public pensions. That these funds don’t deliver outperformance is almost beside the point. What they are selling is an inflated estimate of expected returns. This serves a crucial purpose for elected officials, letting them lower the annual contributions states and municipalities must make to the pension plans for government employees.