Even investors in China are bailing on Chinese markets and shifting their money overseas. Most of that Chinese money has been flowing into dollar assets, according to Bloomberg. Expectations that the Fed will keep rates high have added to the appeal of US bonds and deposits. Loading Something is loading. Thanks for signing up! Access… Continue reading Even investors in China are bailing on Chinese markets and putting their money in US assets instead
The inflation shock is over so there’s no need for any more Fed rate hikes, the Institute of International Finance’s chief economist says
“The US inflation shock is over”, so the Fed need not hike interest rates any more, according to the chief economist of the Institute of International Finance. The IIF’s measure of “inflation generalization” has fallen to the lowest level since February 2021, Robin Brooks said. US inflation has been steadily cooling from its mid-2022’s highs,… Continue reading The inflation shock is over so there’s no need for any more Fed rate hikes, the Institute of International Finance’s chief economist says
Elon Musk’s decision to not pay rent on Twitter’s offices is adding to commercial mortgage headaches at Goldman Sachs
Elon Musk’s decision not to pay Twitter’s rent is causing pain for Goldman Sach’s commercial real estate portfolio, the FT reported. Goldman was part of a group that originated a $1.7 billion loan to Columbia Property, the owner of several of Twitter’s offices. Columbia is suing Twitter for not paying rent, saying it owed over… Continue reading Elon Musk’s decision to not pay rent on Twitter’s offices is adding to commercial mortgage headaches at Goldman Sachs
‘Dean of Valuation’ Aswath Damodaran says the story behind Nvidia’s stock surge makes sense but its current price doesn’t
The narrative behind Nvidia’s stock rally makes sense but its current share price doesn’t, according to Aswath Damodaran. The ‘Dean of Valuation’ thinks Nvidia would have to dominate the whole AI market to justify its current price. There’s too little upside left to the chipmaker’s stock, the NYU finance professor told CNBC. Loading Something is… Continue reading ‘Dean of Valuation’ Aswath Damodaran says the story behind Nvidia’s stock surge makes sense but its current price doesn’t
Billionaire investor Ken Griffin says the US is still headed for a recession – but he’s bullish on China despite a disappointing rebound
Citadel founder Ken Griffin said he’s bracing for a US recession in a new interview, per Bloomberg. He also said he expects the Federal Reserve to raise interest rates once more in 2023. The billionaire added that he sees China growing more than 5%, even though its rebound has been muted so far. Loading Something… Continue reading Billionaire investor Ken Griffin says the US is still headed for a recession – but he’s bullish on China despite a disappointing rebound
The Pros’ Investment Strategies for Today’s Market
Wall Street’s most prevalent investment strategies looking out toward the rest of 2023 look much, much different than they did this time a year ago. Around this time last year, the S&P 500 had just entered a bear market, putting an end to the 2020-2022 bull run. Additionally, the Federal Reserve was on the cusp… Continue reading The Pros’ Investment Strategies for Today’s Market
Proxy Season Update for 2023: What Shareholders Are Saying
Did you know it’s proxy season, that period from roughly April through June when public companies hold annual meetings? When you own stock in a publicly-traded company, you can vote by proxy on shareholder proposals about issues such as new board members. While it may seem boring on its face, remember that shareholder proposals essentially… Continue reading Proxy Season Update for 2023: What Shareholders Are Saying
Bonds Are Having a Bang-Up Year
The picture is fast brightening for fixed-income investors for the rest of 2023. Federal Reserve chairman Jerome Powell hinted (in his coy manner) in early May that the bank is finally done tightening credit and raising interest rates — good news for bond prices, which move in the opposite direction. Also, the stock, real estate… Continue reading Bonds Are Having a Bang-Up Year
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