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Market Strategist Explains Why Buy-The-Dips May Not Work In Current Times: 'Need To See The Fed Pause Interest Rate Hikes'
Tuesday, February 28, 2023 - 8:03am | 417Ameriprise Financial Chief Market Strategist Anthony Saglimbene reportedly said the current economic situation where earnings estimates are coming down and interest rates are going higher does not provide a conducive environment for buy-the-dips. What Happened: "As long as economic data is coming...
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Peter Schiff Says Fed Will Cut Rates In 2023: No, It's Not Due to Inflation Heading Lower
Wednesday, January 11, 2023 - 7:31am | 430Ahead of the December consumer price inflation print, an economist warned — much against the widely-held view — that inflationary pressure isn't likely to mitigate. What Happened: Inflation would head higher and put upward pressure on long-term interest rates and unemployment...
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It's Fed Decision Day: Here Is What You Need To Know
Wednesday, September 21, 2016 - 7:17am | 350The Federal Reserve will conclude a two-day long meeting Wednesday and will issue a statement at 2 p.m. ET which will confirm if an interest rate hike has been approved. According to a Bloomberg report, a string of disappointing economic news over the past few months has led many to believe...
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Depressing Similarities Between 1938 And The Present
Friday, June 17, 2016 - 8:44am | 362By the late 1930s, the worst of the Depression had passed after the U.S. President Franklin Roosevelt jolted the economy through the "New Deal," which focused on the "three Rs" — relief, recovery and reform. At the same time, private investment was at poor levels, as individuals chose to pay...
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End Of An Era: Saker Nusseibeh Says Markets And Economies Will Soon Not Move In Sync
Friday, June 3, 2016 - 9:13am | 279Saker Nusseibeh is the CEO of Hermes Investment Management, a UK-based asset management firm, and was a guest on CNBC to offer his outlook for the U.S. and global economy. According to Nusseibeh, we have "come to an end of an era" of coordinated drivers in the economy and stock market...
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Fed's Lockhart Says A 'Gradual' Tightening Does Not Imply Rate Hike At Every Meeting
Monday, December 21, 2015 - 3:48pm | 180The Federal Reserve raised its benchmark rate for the first time in approximately 10 years during its December meeting. Now that the first rate hike has passed, investors are focusing on when the next rate hike will be announced, and at what frequency will the Fed implement its new policy of...
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JPMorgan Trimming Bank Exposure, Downgrades Comerica
Tuesday, October 6, 2015 - 1:46pm | 822Steven Alexopoulos of JPMorgan commented in a note that the Fed's recent meeting demonstrated a "very dovish tone." Alexopoulos suggested investors trim exposure to banking stocks, especially asset sensitive firms. Alexopoulos downgraded shares of Comerica Incorporated (NYSE: CMA) to Neutral from...