Why we are underweight US equities – Corion Capital
At the risk of not winning any popularity contests, we have listed the primary reasons why we currently maintain an underweight position to US equities.
US Federal Reserve
🔒 Financial Times perspective: Transitioning away from ‘transitory’ inflation
Powell, wisely, said he would now ditch the word, acknowledging that describing high inflation as “transitory” is causing as much confusion as clarity.
Biden picks Janet Yellen for Treasury secretary – With insights from The Wall Street Journal
Joe Biden plans to nominate Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary.
Yield curve inversion
Savvy equity investors look to the bond market for clues. One of the most reliable clues historically is the one given when the yield curve inverts, which typically signals recession.
🔒 Be brave enough to invest against the herd: bargains abound – The Wall Street Journal
Wall Street reports have a tendency toward the melodramatic, but this week the emotional language was justified: markets really did crash.
US stocks fall 10%, most since 1987 Crash, despite $1.5trn Fed injection
Share prices yesterday experienced their worst rout since 1987, with even a $1.5trn injection by the US Federal Reserve unable to stem the wave of selling orders as investors rushed for the exit.
🔒 Good news for goldbugs as gold flies – The Wall Street Journal
Gold is on its longest winning streak in almost a year and a half, as investors prepare for the Federal Reserve to lower interest rates.
🔒 Flash Briefing: Apple shares jump 6% after poor 4Q; Gold keeps rising; May sent back to Brussels
The gold price rose to its highest in eight months overnight, touching $1,315 an ounce ahead of today’s US Federal Reserve news conference.
Kganyago, Carney jump to the US Federal Reserve’s defense
Central bankers from around the world jumped to the US Federal Reserve’s defense after President Donald Trump accused the central bank of going “loco.”
Be warned: Tough times ahead for emerging market currencies – analysis
The difficulties for emerging markets have entered a new phase. What were once clearly country-specific crises, well contained within their borders, are bleeding across the world.