BofA Global Research Fund Manager Survey: Investors Gloomy as US Stocks Enter Bear Market
–Stagflation fears rise By Vicki Schmelzer NEW YORK (MaceNews) – Global investor sentiment turned dire in June as U.S. stocks entered bear market territory, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. “History is no guide to future performance but if it were, today’s bear market would end on […]
BofA Global Research Fund Manager Survey: Global Recession Top Tail Risk in April
By Vicki Schmelzer NEW YORK (MaceNews) – Global recession became the top “tail risk” for world investors in April, according to BofA Global Research’s monthly fund manager survey, released Tuesday. Recession concerns overshadowed other fears including “hawkish central banks” and “Russia-Ukraine conflict” and clouded the investment outlook, the survey said. In April, a net 71% […]
Fed’s Powell Reassures on Balance Sheet Runoff, Rate Hikes, Ultimate Control of Inflation – With Reservations
–Labor Supply Can Become an Issue Going Forward for Inflation–Whether There are Three Rate Hikes This Year Depends on Data By Denny Gulino WASHINGTON (MaceNews) – Without getting too specific, Federal Reserve Chair Jay Powell Tuesday pledged to quickly leave behind the era of emergency measures, fighting inflation while aware its current causes are largely […]
US Data Preview: Jobs Report, Beige Bk, ISMs and the Inflation-Deflation Conundrum
WASHINGTON (MaceNews) – Who cares if AMC is up more than 40% one hour and then down 2% another hour, that the U.S. Senate wears itself out going nowhere, that the Biden administration’s budget wish list sees growth back down to 2.2% then lower after next year. Not to worry, we’re at the beach – […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Departent, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 12, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
ECB’S LAGARDE: ASSET BUYING AS LIKELY TO EXCEED CURRENT ALLOCATION AS TO FALL SHORT
— ECB President Denies New Language Toward PEPP Programme Reflects More Hawkish Attitude By Laurie Laird LONDON (MaceNews) – ECB warnings that it may not expend all of its emergency bond buying do not represent a more hawkish outlook toward the eurozone recovery, according to Europe’s top central banker. The rate-setting Governing Council raised eyebrows […]
STATUS CHECK ANALYSIS – WHY? WHY NO PANDEMIC RELIEF?
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Another day, another tweet, another reversal that surprises everyone, especially the stock markets. No new pandemic relief until at least sometime after Election Day. So now money left over from the CARES Act […]
STATUS CHECK – A DAY OF SYMBOLISM MARRIED TO COVID REALITY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A leader sacrificing himself for others, or sacrificing others for himself? That was the question dividing Americans on a Monday night 30 days before a presidential election. “I stood out front. I […]
BANK OF ENGLAND CHIEF ECONOMIST SEES NO CURRENT NEED FOR NEGATIVE RATES
–Haldane Heralds Rapid UK Rebound, Despite Soft Consumer Confidence By Laurie Laird LONDON (MaceNews) – A top Bank of England official Wednesday vigorously downplayed the need for sub-zero interest rates in the UK, citing an economic recovery that has far outpaced the Bank’s expectations. “At present, none of the conditions [that would necessitate negative rates] […]
STATUS CHECK: WHOSE COGNITIVE ILLUSION IS BETTER?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. So much for a Wednesday. Noise perhaps. Confusion. Ominous sometimes, repetitious often and sadly, no longer surprising. Hardly news but too important to be ignored. Beginning with President Trump, in his evening news […]