Jerome Powell takes center stage for commodities this week, with the Federal Reserve chief set to unleash another large rate hike that could pile more pressure on energy, metals and crops.
The 10-year Treasury yield briefly rose above 3.50% for the first time since 2011 on Monday, with the bond market extending its bearish run ahead of another jumbo rate hike expected this week by the Federal Reserve to bring down inflation.
The $24 trillion US Treasury market has gotten too big for even the “Masters of the Universe.” As the Federal Reserve reverses its bond purchase program and more government securities flood back into the hands of dealers, banks, investors and traders, the chances of extreme, unhealthy volatility are rising.
It’s a binary world. To an extreme extent, opinions on the market are divided, and they are split on one key issue: Will the Fed have to “pivot” toward easier monetary policy in the next few months, or won’t it?
You should reconsider the bank you use, at least for some of your savings. Chances are, if you're a customer at one of the major retail banks, you’re leaving real money on the table.
I wrote an article last month regarding the 10 things I got wrong about financial planning over my 20-year career. As it happens, I also got some things right and was happy when I was asked to write about them.
New research shows that portfolios that owned companies that provide climate solutions outperformed ones that owned firms with low carbon intensity. Before you adapt that approach, however, beware that this research relies on a small sample of data over a short time period.
Individual impact aside, Biden’s student loan forgiveness will harm the U.S. currency and economy. Here’s how I see it as a value investor.
Inflation continues to rattle the global economy, forcing monetary authorities to strengthen efforts to extinguish it.
Five new Federal Reserve policy makers are seen as having a slightly greater focus on employment than inflation, but don’t expect a swift impact from this dovish tilt, economists surveyed by Bloomberg said.
The Biden administration's announcement that qualifying borrowers can receive up to $20,000 in forgiveness on federally held student loans first elicited cheers from many of the 43 million Americans eligible to have their debt wiped. Then came a barrage of questions.
Federal Reserve officials will signal a more hawkish stance next week, with interest rates reaching 4% by December and staying high through 2023, economists surveyed by Bloomberg said.
Businesspeople in the US have been complaining for more than a year about how hard it is to hire anybody.
Bull or bear, in stocks lately, the punishment has been the same. Swift and brutal.
Total online shopping orders this holiday season are expected to decline from 2021 as consumer budgets are pinched by inflation.
US stocks haven’t seen the worst of this year’s declines yet against the backdrop of scorching inflation and a hawkish Federal Reserve, according to Bank of America Corp. strategists.
Before you evaluate your next fintech purchase, here’s what advisors need to know.
The pandemic-induced housing market is swiftly cooling down, as both buyers and sellers are facing growing uncertainty. Indeed, the U.S. housing market is tumbling closer to a collapse – the first in more than a decade.
What lessons for today? Any intervention in foreign exchange markets must be credible to have any chance of working. And when the Fed takes a course that is out of sync with the rest of the world, stresses increase on the rest of the foreign exchange architecture.
Countries from Costa Rica to Croatia are betting that remote work is here to stay, competing to host digital nomads even as more employers push for a return to office.
A modern currency must meet the needs of a modern economy.
The additional cryptocurrency token that investors received after the Ethereum blockchain transitioned to a new method of handling transactions has tumbled as much as 60% since it began trading late Thursday.
Gold fell to the lowest since April 2020 amid expectations of more aggressive interest-rate hikes by the Federal Reserve despite a fresh round of mixed US data.
Traders watching price action in stocks might have noticed that the S&P 500 has slid toward the 3,900 level three different times Thursday, before holding its ground. The resilience can be attributed to Friday’s $3.2 trillion option expiration, one theory holds.
Ray Dalio came out with a gloomy prediction for stocks and the economy after a hotter-than-expected inflation print rattled financial markets around the globe this week.
Sell stocks and buy opportunistic bonds, according to Jeffrey Gundlach. “The capital gains potential is the best in the last 15 years," he said. Bonds are “the place to be.”
A barrage of data Thursday offered a mixed view of the US economy in the face of rapid inflation, including more tempered retail activity and a labor market that’s still vibrant.
The specter of US interest rates at 4% or even higher is bringing into sharper focus the question of when and how investors should really get back into bonds after Treasury markets suffered one of their worst beatings in decades.
President Joe Biden’s announcement that he will cancel up to $20,000 in federal student loans for qualified borrowers could help score him points with progressives and young voters while fulfilling a promise he made when running for office.
Uranium funds have soared from their summer lows as a global energy crunch revives interest in nuclear power.
If the consumer price index report for August that showed inflation remains much hotter than forecast was not enough of a shocker, then talk that the Federal Reserve needs to raise interest rates in even bigger chunks starting with its meeting next week surely is.
We may be learning to live with Covid but as the latest inflation report shows, it's still a pandemic economy.
A new wave of lawsuits alleges that Blackrock’s target date funds (TDFs) have underperformed. These lawsuits open the door to a related and scandalous breach of fiduciary duty – excessive risk.
“Price matters again in investing,” according to Bob Wyckoff a managing director of Tweedy, Browne. “That serves the interests of value investors.”
Tuesday's hotter-than-expected inflation report pours cold water on the possibility of lower interest rates from the Federal Reserve any time soon, and by extension, the prospect of lower mortgage rates.
How bad was the August US inflation report? Let me count the ways. It’s a while since a macroeconomic release has come as such a nasty surprise, but on balance the extremely negative market reaction to the numbers was justified; they’re awful.
This week’s unexpected rise in US inflation is an opportunity to revisit an old debate, which is often a useful exercise. This current bout of inflation has its roots in mistaken assumptions made a decade ago.
Wall Street may soon see a new stock exchange exclusively for environmentally focused companies amid a boom in demand for sustainable investments.
Opponents of passive, index-based investing frequently claim that large-cap stocks are overvalued, and a market-cap-weighted index unduly exposes investors to those mispriced securities. That is a false statement.
We’re embarking again on the Joe Namath season! That is the “open season” when people enrolled into the Medicare system are bombarded with information, phone calls, fliers in the mail, and random salespeople walking up to their doorsteps.
Commodity markets are struggling to shake their months-long liquidity crisis that’s brought an era of erratic swings in the value of the world’s raw materials.
Some of the best-known rules of thumb in personal finance have outlived their usefulness.
Americans are losing ground against residents of other countries in what’s shaping up globally to be “one of the worst years to retire in recent memory,” according to a new retirement ranking.
Since Russia’s invasion of Ukraine, allied nations have unleashed a suite of sanctions so rapid and broad in its reach that there are no true precedents.
There are serious, well-documented mental health issues suffered by financial advisors that have been exacerbated by the pandemic.
Several of our team members have had some very difficult life experiences over the last year.
Here are the 10 best books I read from September 2021 through August 2022.
Have you noticed the epidemic of poor follow up? Recently, I did a LinkedIn survey asking this question and 88% of respondents said ”yes.”
When the supply and demand for bonds normalize, bond investors will realize that economic, inflation and other factors warrant much lower yields.
Investor risk tolerance drives portfolio decisions, yet many financial advisors are rightly concerned about the accuracy of risk tolerance assessments. Why is it so hard? How can we get it right?
