Richard TurnillBlackRock Global Chief Investment Strategist PublishedDecember 19, 2017 Freedom Z / Shutterstock Richard draws lessons from a year that saw surprisingly large returns, falling inflation and flat long-term bond yields. The past year turned out to be more bullish than we anticipated. Consensus growth expectations caught up to ours and global earnings jumped—but the magnitude of […]
Rick RiederBlackRock Chief Investment Officer of Global Fixed Income PublishedDecember 15, 2017 Rick Rieder and Russ Brownback examine the more volatile cyclical dynamics we’re likely to encounter in 2018, even as the secular risk-asset bull market remains in place. Sir John Templeton famously stated that “bull markets are born in pessimism, grow in skepticism, mature in optimism, […]
US US bonds extended weakness from the previous session, the dollar moved lower against a basket of peers, while US equities were little changed yesterday. Moves in government bonds received the most attention once again. 10-year yields traded a further 4bps higher (prices fell), settling at 2.50%, translating into a 10bps move higher over the […]
David Miller, Investment Director, Quilter Cheviot The pace of significant political and economic events seems to have picked up over the past couple of years, and there is every indication that this will continue next year too. Without a doubt, these events can be seen as aftershocks of the financial crisis, and it is therefore […]
US US stocks gained 0.5% yesterday, buoyed by optimism surrounding the tax reform agenda. Gains for the index were broad based across sectors, with Materials and Telecoms the standout performers and Utilities the primary laggard. Technology stocks also enjoyed a positive session, highlighted by the fact that the Nasdaq index broke the 7,000 level for […]
US US. stocks gained with the dollar as investors assessed messages from the Federal Reserve and European Central Bank meetings this week with concerns lingering about the prospects for U.S. tax overhaul. Uncertainty surrounding the fate of U.S. tax reform continues as investors look to the end of a stellar year for equities. Europe […]
US US equities traded higher, oil prices retreated from recent highs and the US dollar gained following better than expected US producer price inflation data. US headline producer prices rose 0.4% last month, higher than expected, for a yoy increase of 3.1%. Core inflation (excluding food and energy) rose 2.4% yoy, it’s fastest pace since […]
US US. stocks rose as investors evaluated the outlook for a final tax bill, while the dollar advanced for a fourth day and oil rebounded from its worst selloff in two months. The S&P 500 ended a four-day losing streak, rising 0.3%, with industrial and consumer discretionary shares among the best performers in a modest but broad rally that […]
US Most U.S. stocks fell yesterday, with tech shares fading in afternoon trading, as investors assessed the impact of proposed tax cuts. American equities failed to hold early gains for a second straight day, with industrial shares dragging the S&P 500 Index lower by 0.4%. In political news, House and Senate lawmakers are poised to […]