Based on the initial market action of 2023, it appears investors’ New year’s resolutions were something like this: Keep Big Tech in the penalty box, place some bets on foreign-stock outperformance, while feasting on bonds of all kinds to capture healthy yields and maintaining some hope that the elusive soft economic landing remains possible. No … Read more
Markets closed out the week — and the year — in the red, as the so-called Santa Claus rally failed to materialize. In addition to some possible “window dressing,” whereby fund managers dump underperforming stocks at the end of a quarter to avoid publicizing ownership of those positions, the market was also undoubtedly pressured by … Read more
Just in case there was any lingering doubt, the bond market is now pricing in the near certainty of a recession, induced by the Federal Reserve, that is already here or on the way shortly. The three-month Treasury yield now sits some 86 basis points ahead of the 10-year, a level not seen since at … Read more
The outlook for 2023 is a bit better for stocks, but the first half sounds like it could be downright ugly. Wall Street strategists are unveiling their outlooks for next year. There is somewhat of a shared view that the first half could be particularly rough, with the market possibly testing its October lows. Then … Read more
Early trade: Where Asia-Pacific markets started the day The Nikkei 225 in Japan slipped 0.24% in early trade and the Topix lost 0.33%. In Australia, the S&P/ASX 200 fell 0.68% in its second hour of trade. South Korea’s Kospi dipped 0.23% and the Kosdaq shed 0.37%. MSCI’s broadest index of Asia-Pacific shares was 0.43% lower. … Read more
Japan’s trade deficit for September narrows slightly Japan’s trade deficit for September was at 2.09 trillion yen ($13.97 billion), according to provisional figures from the government – missing estimated figures by a Reuters poll expecting a deficit of 2.17 trillion yen. The country reported a trade deficit of 2.82 trillion yen in August. Exports for … Read more
More German companies are planning price increases, the Ifo Institute says More German companies are planning to hike prices in the coming month, according to a new Ifo Institute survey published Wednesday. Price expectations across the whole economy for the coming month hit 53.5 points in September, up from a seasonally-adjusted 48.1 in August. The … Read more
Good riddance September: We gauge the damage and get ready for OctoberCNBC .
The recent market turbulence has investors searching for income. For some, municipal bonds may be the answer. The muni market has taken a beating this year, with net weekly inflows into muni mutual and exchange-traded funds negative for most of 2022, according to Refinitiv Lipper data. Yet their yields and tax benefits can make them … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Monday’s key moments. The market needs a break to bottom Why Jim’s investing in the two-year Treasury Quick mentions: JNJ, LLY, AMZN, QCOM , DHR 1. The market needs a break to bottom … Read more