|Day's Range||2.0060 - 2.0490|
|52 Week Range||1.9750 - 3.2480|
Bill Zox, CIO of Fixed Income for Diamond Hill Capital Management, sits down with Yahoo Finance's Adam Shapiro, Julie Hyman, Andy Serwer, Scott Gamm, and Emily McCormick to discuss the current probability of a recession. Editor-in-chief Andy Serwer also brings us a clip of his exclusive interview with JP Morgan Chase CEO Jamie Dimon and his thoughts on the Federal Reserve.
Will Rhind, CEO of Graniteshares, says a gold pullback is “natural,” but the metal is likely to go even higher. He spoke to Yahoo Finance’s Alexis Christoforous and Brian Sozzi.
Yahoo Finance's Adam Shapiro and Julie Hyman are joined by Yousef Abassi, director of U.S. Institutional Equities and Global Market Strategist at INTL FCStone, and Girard CIO Timothy Chubb to break down President Trump's shots at the Fed, the ongoing tariff threat, and other opportunities in the market, including in financials.
One of the critiques of the Trump administration’s tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another. Now, President Donald Trump is saying he might go after Vietnam as well.
President Donald Trump Tuesday morning thanked himself for a stock market that has been mostly clambering to new heights. The 45th president via Twitter touted the buoyancy of the equity markets, saying: “Stock Market is heading for one of the best months (June) in the history of our Country. Stock Market is heading for one of the best months (June) in the history of our Country.
Annual price gains slowed to a 7-year low, while monthly prices were flat according to a closely-watched measurement out Tuesday.
Orders for U.S. durable goods suffered over a canceled deal for Boeing’s troubled 737 Max jet. Yet business investment perked up in a reassuring sign amid a tense trade fight with China and signs of a slower U.S. economy.
Treasury prices fall Wednesday, pushing yields higher, following remarks from Treasury Secretary Steven Mnuchin declaring that a U.S.-China trade deal was close to being finished.
Some ten years since the 2008-09 U.S. housing bubble, which sparked a global financial crisis, worries about the health of the global housing market persist.
Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgages and other debt back in 2008, when those souring loans and securities pegged to them helped to send global markets into a tailspin (see attached chart). Mohr told MarketWatch that the increase in student loans — often cited as a source of consternation for economists and strategists — saw a notable increase.
Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty on whether the Federal Reserve will cut interest rates in July as has been expected. Fed Chairman Jerome Powell said in a speech the U.S. central bank is insulated from short-term political pressures as policymakers wrestle with whether to cut rates amid slowing growth as President Donald Trump has demanded. Equity markets have rallied this month in anticipation that Fed policymakers would cut rates, but Powell's remarks cast doubt on those expectations when he referred to the Fed's independence.
Treasury yields trade lower on Tuesday as investors sift for clues on the outlook for rate cuts among speeches by Federal Reserve officials.
St. Louis Fed President James Bullard said Tuesday that, as things stand now, he would not favor a half-point interest-rate cut in July. "I don't think we have to take huge action," Bullard said in an interview on Bloomberg Television. Bullard dissented at the FOMC meeting last week in favor of a quarter-point cut. Bullard said a quarter-point cut would be more of an "insurance" move, which was all that was needed at this stage.
Consumers confidence fell in June to the lowest level in almost two years as Americans grew more worried about trade tensions with China and said it was harder to find a job. The consumer confidence index slipped to 121.5 from a revised 131.1.
Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. Gold has gained 10% in price so far this month, climbing above $1,400 an ounce for first time since August 2013 after briefly touching the psychological barrier on Monday. The dollar, meanwhile, fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of an interest rate cut by the Federal Reserve knocked demand for the U.S. currency.
The Federal Reserve’s investor-friendly stance on interest rates has infused this market with a serious dose of optimism. The Financial Samurai blog has some ideas on how to play it.
Too little attention is being paid to potential for rapid pace of job losses, says Sheila Bair, the ex-head of the FDIC
U.S. stock futures retreat, dollar wanes as investors peel back from recent equity market highs and take a defensive stance on risk ahead of this weekend's G20 Summit in Japan. Global oil prices edge lower following yesterday's sanctions on the Iranian leadership and suggestions that the U.S. military presence in the Gulf could abate over the coming months. U.S. equity futures drifted lower Tuesday, setting up the S&P 500 for its first three-day decline since early May, as investors peel back from recent record highs and take a defensive stance on risk ahead of this weekend's G20 Summit in Japan.
As the dust settles on last week’s market-moving, dovish communications from the Federal Reserve and the European Central Bank, commentators continue to debate the Fed’s independence and the ECB’s wisdom. While the majority of central bankers have engaged in quantitative easing and super-low interest rates out of necessity rather than choice, this is a policy experiment that has arguably reached the limits of its usefulness.
The 10-year Treasury yield has plunged from 2.69 per cent to below 2 per cent, its lowest level since late 2016, as expectations grow of interest rate cuts to combat a sharp economic slowdown or recession. Stocks, however, tell a different tale.
Federal Reserve Chairman Jerome Powell with testify to Congress on July 10 and 11 about interest-rate policy, two congressional committees announced Monday. The House Financial Services panel will go first, followed by the Senate Banking Committee the following day. Powell has made a concerted effort to be available to brief members of Congress behind closed doors about the economic outlook, and is often seen by reporters walking in the hallways of the Capitol.
Treasury yields slip on Monday as traders await President Donald Trump’s meeting with his Chinese counterpart Xi Jinping, amid hopes that their get-together could stave off a further escalation of a U.S-China trade clash.
Bond yields have room to catch up with inflation expectations, and that could spell pain for bond-market bulls, says CIBC’s Ian Pollick.