Market Looks Through Revamped PBoC LPR Setting
Economic Update: August 19, 2019
The first estimate for 2Q19 real GDP growth came in at 2.1%, a little stronger than the consensus expectation of 1.9%. Real government spending and real consumer spending were positive contributors to growth, while a decline in business fixed investment, slower inventory growth and weaker trade detracted. Looking forward to the third quarter, inventory growth should decline further while consumer spending and government spending will likely grow at a more moderate pace and trade numbers should continue to be weak.
Weekly Market Recap: August 19, 2019
Twin Engines Giving Stock Market Some Lift
The stock market staged a rebound rally on Friday, which apparently isn’t done yet. That rally is set to resume at today’s opening bell, as clearly indicated by the futures market. Currently, the S&P futures are up 30 points and are trading 1.1% above fair value. The Nasdaq 100 futures are up 102 points and are trading 1.3% above fair value. The Dow Jones Industrial Average futures are up 279 points and are trading 1.2% above fair value.
What’s on Tap Weekly Calendar: August 19, 2019 – August 23, 2019
Weekly Calendar: August 19, 2019 – August 23, 2019 – Monday August 19th: Economic Calendar: No Major Economic Data Released;Earnings Calendar: Earnings Before the Open: EL,Earnings After the Close: NOVA
Considerations of Cash
Weekly Corporate Highlights: August 19, 2019 – August 23, 2019
Staying on top of corporate events is critical for any investment firm. Here are the selected events from Wall Street Horizon impacting the most widely held securities scheduled for this week. August 19, 2019 – August 23, 2019
Data Posting Multi-Year Lows; US Treasuries Soar
Closing Bell (August 19)
Huawei Still Under The Microscope
The U.S. Week Ahead (Aug 19-23), The Housing Sector
What Extreme Monetary Policy Means for Gold (w/ Greg Weldon)
The Blues Brothers
Global stocks have taken a bath in recent days, but there’s at least one investor “buying the dip”. News broke late on Wednesday that billionaire Bill Ackman’s investment firm had taken a large stake in that of another billionaire – Warren Buffett’s Berkshire Hathaway.
Another Way To Play Declining Interest Rates
With Treasury yields on a seemingly unabated decline in the U.S. and market participants expecting more interest rate cuts by the Federal Reserve, there is plenty of chatter about investment strategies for a low rate environment. At the industry level, one of the prime beneficiaries of lower interest rates are homebuilders stocks.
US Market Volatility and Sleepless Summertime Nights
The summer of 2019 has given equity investors a lot of things to worry about. Yet, Franklin Equity Group’s Grant Bowers says the health of the US equity bull market shouldn’t be one of them—at least not now. He discusses the biggest growth driver for both the US and global economy and explains why he likes the long-term prospects for select companies in the health care and technology sectors.
What Happened This Week?!
Closing Bell (August 16)
“EU Treat US Even Worse Than China”
New on the Frontier (Aug 19-23): Kuwaiti CPI on Tap amid Regional Volatility and Lower Oil Prices
Eliminating that Factor Home Bias
Revamping the Client Segmentation Process
Busy is not the same as effective. In our “always-on” environment, we are constantly trying to keep up with what’s in front of us at any given moment. This approach does not lend itself to long-term planning, daily stress management or reflection on the question, “Am I doing the right things to create success in my business?”
Game of Bridge or Game of Thrones between China and U.S.?
The entire German yield curve is negative. The U.S. 3-Month Treasury yield is at 2%, while the 10-Year yield currently sits close to 1.65%. Excluding U.S. debt with 20 years to maturity or more, U.S. short-term Treasuries now have the highest yield among all developed-nation debt.