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☆ Turning TikTok into a domestic company would be a boon for U.S. companies, says Cresset's Jack Ablin
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurning TikTok into a domestic company would be a boon for U.S. companies, says Cresset's Jack AblinJack Ablin, Cresset Capital CIO, joins 'Power Lunch' to discuss how TikTok could be a double-edged sword for U.S. companies.

Persons: Jack Ablin Jack Ablin Organizations: Cresset Capital

☆ Expect tech to underperform this year: Cresset Capital's Jack Ablin
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect tech to underperform this year: Cresset Capital's Jack AblinJack Ablin, Cresset Capital founding partner and CIO, joins 'Power Lunch' to discuss if anything has changed with Ablin's market approach over the next several months and more.

Persons: Cresset, Jack Ablin Jack Ablin Organizations: Cresset

☆ Frustrated by healthcare's failings, the rich are investing in biotech to live longer and healthier
▼ + stars: | 2024-01-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

AdvertisementWinter is part of a growing group of family office principals, including heirs like himself and first-generation entrepreneurs, who are making direct investments in pursuit of longer and healthier lives. They are in good company; longevity startups drew global investment of more than $5.2 billion in 2022 , according to a venture capital firm, Longevity Tech Fund, which used PitchBook data. She and some of her clients are investors in Maximon, a Switzerland-based longevity fund that includes "healthspan clinics" in its portfolio. Eric Becker, cofounder of wealth manager Cresset , and his two sons founded a family office and picked Blue Zone Foods as its first investment. Courtesy of CressetFor Becker, whose daughter died of leukemia at 21, and his family, longevity is not an abstract topic.

Persons: Maximilian Winter, doggedly, Lyme, Fritz Winter, Peter Thiel, There's, Peter Fioretti, David Sinclair, Kathrin Genovese, ultrarich, Genovese, Eric Becker, Cresset, Dan Yadegar, Becker, Johnny Walker Organizations: Longevity Tech Fund, Harmonix, Biotech, UBS, Winter's Harmonix Fund, Blue, Foods, Becker Venture Partners, Newpath Partners Locations: Santa Barbara, Quinta , California, Maximon, Switzerland, Zurich

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

Rates futures markets are showing cuts being priced as early as May 2024, according to LSEG data. The prospects for rate cuts received a boost on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Deutsche Bank economists on Monday projected 175 basis points in Fed rate cuts in 2024, but said that those cuts would come with a mild recession in the first half of next year. “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year,” they wrote in a Wednesday report. Others said investors may be overestimating how quickly the Fed might react to signs of slowing inflation.

Persons: Carlo Allegri, Jack Ablin, ” Ablin, Christopher Waller, ”, Jake Schurmeier, Schurmeier, Thomas Barkin, Charlie McElligott, Michael Green, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: REUTERS, Federal Reserve, Treasury, Cresset, Gross, Harbor, Reuters, Richmond Fed, Nomura Securities, Deutsche Bank, JPMorgan, Management, Thomson Locations: Manhattan, New York City , New York, U.S, stoke, Carolina, New York

[1/4] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. In precious metals, gold hit a six-month high with a boost from the softer dollar and expectations for a pause in Fed tightening. There's a growing sense the economy is slowing, that price growth will likely continue to fall, that profit growth will likely fall," said Jack Ablin, chief investment officer at Cresset Capital, in Chicago. The U.S. dollar index slid against most major currencies on Monday and was on track for a monthly decline of more than 3%, which would be its biggest monthly drop in a year. The dollar index was down 0.203%, with the euro up 0.11% to $1.0951.

Persons: Brendan McDermid, Brent, Jack Ablin, Ablin, Christine Lagarde, Jim Barnes, Sterling, Sinéad Carew, Chuck Mikolazczak, Harry Robertson, Wayne Cole, Stephen Coates, Ed Osmond, Chizu Nomiyama, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, U.S, Federal Reserve, Cresset, Dow Jones, Nasdaq, European Central Bank, Central, Reuters Graphics Oil, Thomson Locations: New York City, U.S, Europe, OPEC, Chicago, Bryn Mawr, Berwyn , Pennsylvania, Israel, New York, London, Sydney

☆ All revenue growth over the past year is 'pure and simply pricing power', says Cresset's Jack Ablin
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll revenue growth over the past year is 'pure and simply pricing power', says Cresset's Jack AblinJack Ablin, Cresset Capital, joins 'Power Lunch' to discuss his market outlook, consumer trends, the story earnings are telling us and more.

Persons: Jack Ablin Jack Ablin Organizations: Cresset

☆ Moody's changes US ratings outlook to negative, affirms AAA
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +7 min

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNov 10 (Reuters) - Moody's on Friday changed the outlook on the government of United States of America's ratings to "negative" from "stable". Moody's affirmed the long-term issuer and senior unsecured ratings at "Aaa". COMMENTS:REPUBLICAN REPRESENTATIVE ANDY HARRIS, ON X SOCIAL MEDIA“Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits. "I don't think that there is a significant consequence. WALLY ADEYEMO, DEPUTY SECRETARY OF THE TREASURY"While the statement by Moody’s maintains the United States’ Aaa rating, we disagree with the shift to a negative outlook.

Persons: Shannon Stapleton, Moody's, ANDY HARRIS, JOHN CORNYN, ” STEVEN RICCHIUTO, you've, ” THIERRY WIZMAN, MACQUARIE, “ Moody’s, ” MICHAEL GREEN, JACK ABLIN, CHICAGO “, it's, ”, ” QUINCY KROSBY, CAROL SCHLEIF, We've, CHRISTOPHER HODGE, KARINE JEAN, PIERRE, Moody’s, WALLY ADEYEMO, Biden Organizations: REUTERS, Aaa, Moody’s Investors Service, Capitol, FX, NEW, Republicans, Democrats, BMO, KARINE, Republican, Congressional Republicans, States ’ Aaa, Biden Administration, Global Finance, Markets, Thomson Locations: New York City, U.S, United States, MIZUHO, Japan, CHICAGO, CHARLOTTE, NORTH CAROLINA, MINNEAPOLIS , MN, American

☆ Wall St Week Ahead Investors zero in on health of consumer with retail sales, earnings
▼ + stars: | 2023-10-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Retail sales data, due out on Tuesday, may have to walk a tightrope to satisfy investors. A survey on Friday showed U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year. Todd, of Greenwood Capital, is focused on insight from companies about the cumulative effect of "higher inflation and higher rates on the consumer." “The conclusions from the consumer next week, I think, is going to be bad news is good news."

Persons: Carlo Allegri, that’s, Hogan, ”, Walter Todd, Todd, Jack Ablin, Ablin, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock, REUTERS, Procter & Gamble, Netflix, Federal, Riley, ”, Reuters, University of Michigan, Major, Greenwood Capital, Bank of America, America Airlines Group, Treasury, Cresset, Thomson Locations: Manhattan, New York City , New York, U.S, Israel, Major U.S

☆ Interest rates may be turning lower soon, says Cresset Capital's Jack Ablin
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates may be turning lower soon, says Cresset Capital's Jack AblinJack Ablin, Cresset Capital founding partner and CIO, joins 'Power Lunch' to discuss portfolio strategy amid the Israel-Hamas conflict, the future of interest rates, and more.

Persons: Cresset, Jack Ablin Jack Ablin Organizations: Cresset Locations: Israel

He said in the short-term resources could be diverted if the conflict expands, such as staff at tech companies being called up as military reservists. "They will probably increase the investment in AI," Krosby said. "It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies," Krosby added. The tech sector has shown resilience in the past, overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said the Israeli tech sector "has historically bounced back from geopolitical tragedies."

Persons: Amir Cohen, Israel, Jack Ablin, Quincy Krosby, Jensen Huang, Benjamin Netanyahu, LPL's Krosby, Krosby, DVN Capital, Max A, Cherney, Mica Rosenberg, Steven Scheer, Kenneth Li, Megan Davies, Jamie Freed Organizations: Intel, REUTERS, FRANCISCO, Tech, Hamas, Cresset Wealth, Financial, Intel Corp, Sunday, Nvidia, Tel, Semiconductor, Meta, Apple, Microsoft, IBM, Google, Facebook, DVN, Thomson Locations: Petah Tikva, Tel Aviv, Israel, JERUSALEM, Gaza, Charlotte , North Carolina, United States, Silicon Valley, Kiryat Gat, Apjit, Francisco, New York, Jerusalem

☆ Real estate stocks extend losses as rates soar
▼ + stars: | 2023-09-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

The S&P 500 real estate index (.SPLRCR) lost 0.7% on Friday after falling 3.5% on Thursday, which was its biggest daily decline since March when the banking sector was in crisis. This provided tempting returns for fixed-income assets, making the relatively high dividend payouts of Real Estate Investment Trusts (REITs) a little less tempting. While the Fed decided not to hike interest rates after its meeting on Wednesday, it indicated that rates could stay at elevated levels for longer than investors had expected. On Friday the biggest real estate loser was American Tower (AMT.N), which finished down 1.8% while the biggest gainer was Extra Space Storage (EXR.N), up 1.2%. Alexandria Real Estate Equities (ARE.N) fell 1.6% on Friday, after losing 8% on Thursday and hitting its lowest level since 2016.

Persons: Carlo Allegri, REITs, Jack Ablin, Gina Szymanksi, It's, Szymanksi, Sinéad Carew, Lance Tupper, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, Real, Investment, Fed, Cresset, REITs, AEW Capital Management, Alexandria Real, Thomson Locations: New York, U.S, Alexandria

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. The U.S. central bank on Wednesday kept its key lending rate steady, as expected, but indicated another hike is possible as it and other central banks tighten policy to tame inflation. Major equity indices in Europe and on Wall Street fell more than 1% on concerns higher rates will curb growth. /FRXMirroring a rise in Treasury yields, Germany's 10-year government bond yield touched a fresh six-month high of 2.73% and Britain's 10-year gilt yield rose to 4.29% after falling on Wednesday to its lowest since July. Gold extended its decline for a third straight day as the dollar and Treasury yields rallied on the Fed's warning of a possible additional rate hike.

Persons: Brendan McDermid, there's, Michael Arone, Jack Ablin, it's, John Hardy, Hardy, Brent, Xie Yu, Marguerita Choy, Tomasz Janowski, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Swiss, Bank of England, Swiss National Bank, Fed, State Street Global Advisors, Reuters, Treasury, Cresset Capital Management, Saxo Bank, Dow Jones, Nasdaq, Sterling, Reuters Graphics, U.S, West Texas Intermediate, Thomson Locations: New York City, U.S, Norway, Sweden, Europe, Boston, Pebble Beach , Florida, Hong Kong

☆ Wall St Week Ahead: Last Fed hike tends to aid stocks, but some have doubts this time
▼ + stars: | 2023-09-15 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

"The market will probably cheer it a bit if it is the end of the Fed rate hike cycle," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company. Traders see a roughly two-out-of three chance of the Fed leaving rates unchanged in November, CME's data showed. Odds for December show about a 60% chance rates of rates staying at current levels. Analysts at Oxford Economics forecast further downside for global earnings, noting that stocks "have typically delivered far weaker returns following the final Fed rate hike when it has coincided with an EPS downturn." "But I'm not sure how sustainable it would be given where stocks are valued relative to bonds already."

Persons: Brendan McDermid, CFRA, Brent Schutte, Schutte, Jerome Powell, Sam Stovall, LSEG Datastream, Jack Ablin, I'm, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Northwestern Mutual Wealth Management Company, Fed, Oxford Economics, Equity, Treasury, Cresset, Thomson Locations: New York City, U.S, Oxford

☆ Analysis: US stock gains may grow elusive as boost from inflation slowdown wanes
▼ + stars: | 2023-08-10 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 (.SPX) has gained more than 16% on a year-to-date basis, though it was last trading largely flat on Thursday. The latest CPI report "is good news. However, another CPI report is due to be released before that meeting. The CPI report is "obviously positive for the markets," said Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest Wealth Management. The month of August has delivered on average the third-lowest return for the S&P 500 since 1945, with September ranking as the lowest, according to CFRA Research.

Persons: Carlo Allegri, Jack Ablin, Guy LeBas, Janney Montgomery Scott, LeBas, Paul Nolte, Murphy, Refinitiv, Barry Bannister, Bannister, Lewis Krauskopf, Karen Brettell, Ira Iosebashvili, Paul Simao Organizations: REUTERS, Federal, CPI, Cresset, Sylvest Wealth Management, Research, Thomson Locations: Manhattan, New York City , New York, U.S, Jackson Hole , Wyoming

☆ Inflation takes center stage in the week ahead as Wall Street looks for more clues on Fed rate hikes
▼ + stars: | 2023-08-04 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

New inflation data set for release in the week ahead could help Wall Street regain its footing. However, he does not expect that the inflation data releasing next week will be very threatening, even if they show a slight rise from the prior reading. A smattering of results will roll out in the week ahead including from major firms like the Walt Disney Company, which reports Wednesday. Other economic data Investors will digest other major economic data in the week ahead. Hourly earnings (July) Earnings: RL Friday, Aug. 11 8:30 a.m. PPI (July) 10 a.m. Michigan Sentiment preliminary (August)

Persons: it's, Jack Ablin, Ablin, McCormick, Archer, CFRA'S Sam Stovall, FactSet, Stovall, Greg Bassuk, Bassuk, Tyson, Eli Lilly, Fox Organizations: Federal, PPI, Cresset, Nasdaq, Dow Jones, Fed, Daniels, Midland, Chevron, Investments, Walt Disney Company, Wynn Resorts, Dow, Consumer Credit, Tyson Foods, Paramount, Parcel Service, CPI Locations: U.S, Michigan

☆ Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +9 min

The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.

Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, “, ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, ”, MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA

☆ Fed raises interest rates, leaves door open to another increase - Reuters News
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +9 min

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase. The Fed raised (the Fed funds target rate) by a quarter point and the vote was unanimous, and the move puts rates at a 22-year high." "We think recent data is consistent with the US policy rate peaking in July, as core CPI inflation slowed sharply in June. "Fed Chair Powell is going to suggest that for the time being that they need to assess more information for inflation. "Markets are for the most part becoming more confident the Fed won't have to raise rates in September.

Persons: GENNADIY GOLDBERG, J Powell, they've, They're, Powell, we've, ELLEN HAZEN, ” MICHAEL BROWN, JACK ABLIN, BRIAN JACOBSEN, MENOMONEE, ” PETER CARDILLO, Jackson, GURPREET GILL, GOLDMAN, QUINCY KROSBY, ” EDWARD MOYA, We'll, we'll Organizations: YORK, Federal Reserve, U.S, Treasury, Fed, Dow, Global Finance, Markets, Thomson Locations: U.S, WELLESLEY , MASSACHUSETTS, PALM BEACH , FLORIDA, WISCONSIN, GOLDMAN SACHS, CHARLOTTE, NORTH CAROLINA

☆ Fed appears to have won its war on inflation, says Cresset Capital's Jack Ablin
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed appears to have won its war on inflation, says Cresset Capital's Jack AblinJack Ablin, Cresset Capital founding partner, joins 'Power Lunch' to discuss earnings and the Fed ahead of Wednesday's meeting and how its next move will effect markets and the economy.

Persons: Cresset, Jack Ablin Jack Ablin Organizations: Cresset

Key economic data is due before the meeting, including the monthly U.S. jobs report on Friday. “The markets are in a wait-and-see for the economic data,” said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest Wealth Management. Materials (.SPLRCM) fell most among S&P 500 sectors, shedding 2.5%. Chip stocks fell after China said it would control exports of some metals widely used in the semiconductor industry as tensions between Beijing and Washington rise over access to high-tech microchips. The S&P 500 posted 18 new 52-week highs and one new low; the Nasdaq Composite recorded 55 new highs and 65 new lows.

Persons: ”, Paul Nolte, “, Jack Ablin, Lewis Krauskopf, Sinead Carew, Bansari Mayur Kamdar, Johann M, Marguerita Choy, Vinay Dwivedi Organizations: Fed, Dow, Nasdaq, U.S, U.S . Federal, Murphy, Sylvest Wealth Management, “, Dow Jones, Semiconductor, Intel, Texas, Twitter, Meta, Cresset, United Parcel Service, Teamsters Union, UPS, NYSE, Thomson Locations: U.S ., China, Beijing, Washington, Philadelphia, New York, Bengaluru

☆ Out-of-sync U.S. stocks hide market risks
▼ + stars: | 2023-07-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Investors expect stocks to move increasingly out of sync as shown by the Cboe 3-Month Implied Correlation Index (.COR3M), which measures the 3-month expected average correlation across the top 50 value-weighted S&P 500 stocks. The last time 3-month implied correlation got this low was in early 2018, just before the February 2018 urge in market volatility dubbed 'Volmageddon.' Much of today's low stock market correlation has to do with the gulf in performance between a handful of mega caps driving the benchmark index higher and the rest of the market. "You have this view in the market that this is a stock picker's market because correlation is low," EAB Investment Group's Holzer said. "Because correlations are so low, index options have gotten incredibly cheap," said Daniel Kirsch, head of options at Piper Sandler said.

Persons: Dow, Arnim Holzer, Group's Holzer, Jack Ablin, Ablin, Kris Sidial, Sidial, Daniel Kirsch, Piper Sandler, Saqib Iqbal Ahmed, Megan Davies, Nick Zieminski Organizations: YORK, Dow Jones, EAB Investment, UBS, U.S . Federal, Cresset, Ambrus, Thomson

☆ Watch CNBC’s full interview with Contrast Capital’s Ron Insana and Cresset Capital’s Jack Ablin
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Contrast Capital’s Ron Insana and Cresset Capital’s Jack AblinRon Insana, Contrast Capital partners co-CEO, and Jack Ablin, Cresset Capital founding partner and CIO, join 'Power Lunch' to discuss the Fed's pause in the rate hikes, the state of the economy, and more.

Persons: Ron Insana, Cresset, Jack Ablin Ron Insana, Jack Ablin Organizations: Capital, Cresset

☆ We can't make a uniform statement about the state of the economy, says Cresset Capital's Jack Ablin
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can't make a uniform statement about the state of the economy, says Cresset Capital's Jack AblinRon Insana, Contrast Capital partners co-CEO, and Jack Ablin, Cresset Capital founding partner and CIO, join 'Power Lunch' to discuss the Fed's pause in the rate hikes, the state of the economy, and more.

Persons: Cresset, Jack Ablin Ron Insana, Jack Ablin Organizations: Capital, Cresset

☆ As regional bank stock rally regains steam, investors should watch out for these spoilers
▼ + stars: | 2023-06-13 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

With the Federal Reserve expected to pause its rate-hiking campaign at this week's meeting, regional banks stocks have made a comeback, but that doesn't mean all the trouble is in the rearview mirror. Still, the upward march resumed on Tuesday, begging the question of what's ahead for bank stocks. As the Treasury sells tens of billions of dollars in Treasury bills, it could pressure bank deposits. Graseck predicts that a reacceleration of deposit outflows would snuff out the bank stock rally. In addition, regional bank earnings estimates, which had been cut severely in March and April, had leveled off in May.

Persons: Jack Ablin, Ablin, outflows, SVB, Aditya Bhave, Bhave, Morgan Stanley, Betsy Graseck, Graseck, Nicholas Colas, Huntington Bancshares, Matt O'Connor, KeyCorp, Albin Organizations: Federal Reserve, Fed, Cresset, Silvergate, Silicon Valley Bank, Signature Bank, PacWest Bancorp, Bank of America, Treasury, DataTrek Research, Citizens Financial Group, Truist, Morgan Stanley U.S, Financials, CRE Conference, Deutsche Bank, TFC Locations: Silicon, Federal, U.S, 2Q23, New York

☆ Watch CNBC's full interview with Eric Johnston and Jack Ablin
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Eric Johnston and Jack AblinEric Johnston, Cantor Fitzgerald's head of equity derivatives and cross asset, and Jack Ablin, Cresset Capital founding partner and CIO, join 'Closing Bell Overtime' to discuss the bull and bear cases for the current financial markets.

Persons: Eric Johnston, Jack Ablin Eric Johnston, Cantor Fitzgerald's, Jack Ablin Organizations: Cresset

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