Investor positioning in stocks has become so bearish that it’s triggered a “contrarian buy signal” in a custom Bank of America Corp. indicator, setting up the asset class for a short-term rally, according to strategist Michael Hartnett. The BofA bull-and-bear reading dropped to 1.9 from 2.2 in the week through...
Economists raised their U.S. growth projections through early 2024 and trimmed recession odds to a one-year low as consumers continue to spend. The economy probably expanded at an annualized 3.5% rate in the third quarter, the fastest in nearly two years, as forecasters marked up their household spending forecasts. And...
The popular 60/40 portfolio isn’t dead, and in fact is a significantly more compelling investment than cash over the coming decade, according to JPMorgan Asset Management. The strategy of putting 60% of assets in equities and 40% in Treasuries is set to outperform cash by an annualized 4.1 percentage points,...
The U.S. economy is set to improve by the end of the year according to 55% of respondents to a new survey from Morgan Stanley. The poll found that more than half also believe inflation will normalize by the time we welcome 2024 and 41% think it will be early...
The Treasury market is serving up levels of volatility last seen during the pandemic-era turbulence of March 2020. The U.S. 30-year yield shifted by almost 13 basis points a day over the last five trading days, the highest in more than three years and more than three times a much...
A new Goldman Sachs survey shows investors are big fans of separately managed accounts. But what do advisors think of them? Are they worth the trouble for all their clients, or just a lucky few? “I have used SMAs and found them to be very beneficial due to several factors,...
Whether it’s money for something fun — like buying an RV to travel the country to see their children — or something painful — like replacing their roof — individuals often require emergency savings, but they tend not to think about it until they need it. “Most clients don’t see...
Consumers looking for retirement and tax planning advice may have a hard time finding an advisory firm that offers both. And advisors might want to step up to the plate to provide that combination. That’s one of the notable findings of a study released last week by Herbers & Co.,...
As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds. Investors in the $40 billion market for so-called cat bonds have literally been sitting out the storm to reap...
Legendary investing guru Peter Lynch popularized the idea of investing in what you know and what you see with your own two eyes. So when financial advisors view the half-empty office buildings right in front of them, should they also be seeing an investment opportunity for their clients? The commercial...