Last Monday morning, I tried to shake up the conversation about how far behind the curve the Federal Reserve (Fed) is currently by suggesting an inter-meeting 75 basis points (bps) cut and another 75 bps cut in September.
The Bank of Japan needs to proceed cautiously.
The acquisition further expands Janus Henderson’s private credit capabilities and complements Janus Henderson’s existing highly successful securitized credit franchise and expertise in public asset-backed securitized markets, and further expands our capabilities into the private markets.
Pretty much every month there’s one week that has the most important economic reports. For the month of August that’s this week. The reports this week include consumer price inflation, producer prices, retail sales, industrial production, housing starts, and unemployment claims.
During volatile times, it is important to maintain perspective, stay focused on your long-term objectives, and avoid knee-jerk reactions based on the latest twists and turns in the market.
Slower employment cements the case for the Fed to start a series of rate cuts.
Economic indicators are released every week to provide insight into the overall health and performance of an economy.
I can't let this month pass without noting a significant anniversary: This is the 25th year I’ve been writing Thoughts from the Frontline. You can visit the archive and see every issue since January 2001.
On Monday morning, investors woke up to plunging stock markets as the “Yen Carry Trade” blew up. While media headlines suggested the sell-off was due to fears of a recession, slowing employment growth, or fears over Israel and Iran, such is not the case.
On Monday, global equities and digital assets underwent a dramatic selloff as the unwinding of the Japanese yen carry trade rattled markets. The S&P Global Broad Market Index (BMI), which measures the performance of more than 14,000 stocks around the world, retreated 3.3%, its worst trading day in over two years.
When the Federal Reserve (Fed) cut rates in response to the COVID-19 pandemic, mortgage rates fell below 3% in 2021 and many households refinanced or obtained new loans.
Actively managed ETFs continued to gain traction in July with $24 billion of net inflows. This represented 19% of the industry’s net inflows.
China’s two-speed economy and the internationalization of the renminbi suggest long-term opportunities may be found amid near-term challenges.
When I was in high school, I really wanted a car. My loving parents took every situation as an opportunity to teach. They told me that if I wanted a car, I would have to earn it.
Investors can still extract yield while adding core bond exposure with the NEOS Enhanced Income Aggregate Bond ETF (BNDI).
It looks like investors have been adding shares of Amazon.com to their carts in recent weeks.
Multi-asset strategies must adapt to a promising—but changeable—environment for generating income.
Municipal bonds maintained their summer strength and posted a second-consecutive month of positive performance in July.
When the Federal Reserve lowers its key short-term interest rate, the impact isn't uniform across the financial universe.
During volatile markets, investors may flock to safe haven sectors like utilities that can weather a recession.
Everybody loves a good comeback story: Seabiscuit. The Mighty Ducks. 493 stocks in the S&P 500 index.
What the Fed's monetary-policy tools signal about the market.
In this PIMCO Perspectives, we explore the dispersion playing out across monetary policy and financial markets.
As the number of Americans retiring in other countries continues to grow, our Bill Cass shares five considerations for individuals planning to retire abroad.
With investors reacting to the worst global stock market sell-off since the early days of the COVID pandemic in 2020, Portfolio Manager Oliver Blackbourn and Global Head of Multi-Asset Adam Hetts consider the all-important question – what next?
The growth of bureaucracy around the world has led to a proliferation of rules. This creates multitudes of problems, one of which is that the state has made understanding what it is doing impenetrable, boring, nuanced, and technical.
Four interlinked principles form a compelling investment philosophy for uncovering promising growth companies.
After absorbing the US Federal Reserve's repeated assurances that a “fundamentally healthy” economy gave it ample time to decide on when to cut interest rates, the market was caught by surprise when new data suggested otherwise. Such is the danger of signaling a consensus where none exists.
The early August sell-off could represent just the market taking a breather after seven months of fantastic returns and could be right back on track, albeit with additional volatility.
A stealth bear market could be defined as a bear market where several stocks have fallen more than 20% within the market, but yet the overall market itself hasn’t fallen. That’s why we call it a stealth bear market.
Over the past 20 years, the corporate bond market has experienced an evolution driven by cycles, regulatory shifts, and changing demand.
High interest rates – the condition investors have had to contend with for over two years now – can be a drag on dividend stocks and ETFs.
Hastily, investors have turned their worry about inflation into worry about a recession. The catalyst was Friday’s unexpectedly disappointing unemployment number.
Recent developments in the labor market triggered the Sahm Rule, an economic indicator known for predicting the onset of recessions. Developed by economist Claudia Sahm, it signals a recession when the 3-month average of the unemployment rate rises by at least 0.5 percentage points above its low from the previous 12 months.
Portfolio Managers Shuntaro Takeuchi, Michael Oh, CFA, and Andrew Mattock, CFA, assess the reasons for the heightened volatility and sharp moves in global markets.
The US Federal Reserve appears to have finally brought about the recession that it engineers whenever unemployment is low and the president is a Democrat. If it costs the party the White House in November, may its leaders use their time out of power to reflect on the unwisdom of their decades-old bargain with Wall Street.
Copper prices have pulled back since peaking in May at $5.12, but the long-term bull case for copper remains strong.
Until recently, the prevailing market narrative since October was that the Fed was in a "pivot" to eventual rate cuts.
As the late George HW Bush once said, “What is it about August?”
For bond investors looking to the near- and longer-term, Matt Eagan stepped through considerations and opportunities in the global market.
Friday’s jobs report has put a damper on economic sentiment for the moment. But much hype has been made about the so-called “Great Rotation.”
Andy Rothman provides four reasons why he’s stubbornly convinced that Xi Jinping will eventually overcome his stubbornness and make the changes necessary to put China back on track to reach its potential growth rate.
Pullbacks are normal, but every time is scary. And every time we need to pay attention. But in the end, although there are real risks out there, right now everything is still fairly normal, in our view. We will be keeping an eye on things, but the best course of action remains simply this: keep calm and carry on.
One of the very popular technology companies in recent years has been CrowdStrike, Inc. It provides cybersecurity to numerous major technology companies including the top Artificial Intelligence (AI) players.
Economist Claudia Sahm developed the “Sahm Rule,” which states that the economy is in recession when the unemployment rate’s three-month average is a half percentage point above its 12-month low.
North American trade is booming, but gains have been uneven.
A negative market reaction was triggered by a sharp selloff in Japanese stocks into the close earlier [Monday], with the Topix and Nikkei indices suffering 12% declines – their worst day since 1987. The selloff cascaded through global markets with the EuroStoxx 600 trading down over 3% on Monday and S&P 500 down about 3%.
The Federal Reserve is being challenged with one of our most important tenets: levels versus momentum.
Take the market narrative with a grain of salt and look at the fundamentals in determining your outlook for the economy and financial markets. We ultimately believe this soft patch of data will prove to a be a ‘growth scare,’ not a ‘recession reality.’
Rotation - The Earth's axis has an inclination of 23.5 degrees relative to its orbital plane around the sun.
