chief investment officer

  • China Mar 22, 2019

    The Bond Market Is Flashing Its Biggest Recession Sign Since Before the Financial Crisis

    Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term government fixed income yields are now ahead of the longer part of the curve, delivering a strong recession indication that hasn’t happened since 2007.

  • China Mar 22, 2019

    The Bond Market Is Flashing Its Biggest Recession Sign Since Before the Financial Crisis

    Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term government fixed income yields are now ahead of the longer part of the curve, delivering a strong recession indication that hasn’t happened since 2007.

  • New Year's Day Jan 22, 2019

    The Unusually Large Drop in Home Sales Has Real Estate Agents Baffled

    Real estate brokers are trying to figure out why sales of existing homes plunged in December. The 4.6 percent monthly move was unusually large, regardless of direction. The tally from the National Association of Realtors generally moves in the very low single digits month to month. In fact, the shift was one of the largest that didn’t involve some sort...

  • China Jan 7, 2019

    After Stock Swings, Wall Street Has Plenty to Be Nervous About

    Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam. Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and when the Federal Reserve will next raise interest rates....

  • Donald Trump Feb 6, 2018

    Good News Was Actually Bad News for the Stock Market

    The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come. Investor fears about higher interest rates escalated into rapid, computer-generated selling Monday that wiped out all the market’s gains for the year. At one point, the Dow Jones industrial average dropped 1,000 points in less...

  • Donald Trump Nov 30, 2017

    Dow Closes Above 24,000 Ahead of Senate Tax Vote

    The Dow Jones industrial average hit another milestone Thursday, closing above 24,000 for the first time, CNBC reported. It closed at 331.67-points, with United Technologies leading the way. The S&P 500 also reached an all-time high, advancing 0.8 percent. The milestones come as the Senate closes in on a vote on a bill that would overhaul the tax code with...

  • chief investment officer Aug 7, 2017

    A Sailing Stock Market Hasn’t Been So Uneventful in Decades

    This year’s run to a record for the stock market has been one of the least eventful in decades. Seemingly every day, stocks have drifted by just a few tenths of a percent in a lazy ascent to new heights. Only twice this year have investors had to deal with a 1 percent drop for the Standard & Poor’s 500...

  • Europe Jun 29, 2016

    US Stocks Claw Back Half Ground Lost Post-British Vote

    Banks and other financial companies led another broad surge in U.S. stocks Wednesday, turning the Dow Jones industrial average and the Standard & Poor’s 500 index slightly positive for the year. It was the second rally in two days for the stock market, which had been rattled since Friday by investor concerns over Britain’s vote to leave the European Union....

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