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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKomal Sri-Kumar on why his base case is zero Fed rate cuts this yearKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins "Squawk Box' to discuss the state of the economy, the Fed's inflation fight, why his base case is for no rate cuts this year, and more.
Persons: Kumar Organizations: Sri, Kumar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't see a way for rates to come down after strong inflation data, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Money Movers' to discuss the recent pressure on regional bank stocks, what could bite the regional bank sector, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Kumar Global
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a chance that the Fed won't cut rates at all this year, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, and Margaret Patel, senior portfolio manager for multi-asset solutions at Allspring Global Investments, join 'The Exchange' to discuss if there's a chance we see zero rate cuts this year, their take on their latest inflation report, and more.
Persons: Komal, Kumar Komal, Kumar, Margaret Patel, there's Organizations: Kumar Global, Allspring Global Investments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is not going to come down fast enough for rates to follow, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Money Movers' to discuss why Sri-Kumar expects something to 'break' in the financial system, when he expects it to happen, and the popular trade that's most out of position.
Persons: Komal, Kumar Komal, Kumar Organizations: Kumar Global, Sri
What investors found most unsettling in the January consumer price index, which came in hotter than expected , is the core inflation reading. "The most troubling thing to me is that the core inflation rate in the last three months has shot up," said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. Economists polled by Dow Jones were anticipating a 0.2% monthly gain and a 2.9% annual increase. Economists were anticipating respective increases of 0.3% and 3.7%, according to Dow Jones consensus estimates. Stocks tumbled Tuesday following the report, with the Dow Jones Industrial Average dropping 500 points, or 1.3%.
Persons: Kumar, Dow Jones, Dow, Stocks Organizations: Sri, Kumar, Bureau of Labor Statistics, Dow Jones, Nasdaq, Federal Reserve
Yet, nearing mission-accomplished on inflation won't be the reason the central bank cuts rates, according to one top economist. Instead, Komal Sri-Kumar, president of Sri-Kumar Global Strategies, says that the ongoing commercial real estate crisis will force the Fed to cut rates as early as May. Lessons from the 2008 crisis show that the Fed should cut sooner rather than later to avoid the worst of the pain, Sri-Kumar said. The fears stem in part from exposure to commercial real estate. "The commercial real estate problem is also now in Europe.
Persons: , Komal, Kumar, Lehman, Janet Yellen, it's, China's, Jerome Powell, Tom Lee Organizations: Service, Sri, Kumar, Business, Lehman Brothers, York Community Bank, Evergrande Locations: China, Europe, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA commercial real estate 'tsunami' is coming, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss the latest market trends, the looming commercial real estate crisis, impact on the Fed's rate path outlook, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar
Here's why the Fed rate cuts are coming
  + stars: | 2024-01-29 | 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 EmailHere's why the Fed rate cuts are comingKomal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Money Movers' to discuss why a rally is ahead for Treasuries and equities markets could struggle, why the economy hasn't already seen a crack from the consumer, and more.
Persons: Kumar Organizations: Kumar Global
The 10-year Treasury yield started the new year trading around 3.8% after a steep decline in late 2023. Against this backdrop, CNBC Pro asked three strategists and money managers how they would allocate $50,000 with yields rising again. Specifically, he recommended bills with a three- to six-month maturity, which investors can gain exposure to through exchange-traded funds such as the Vanguard Short-Term Treasury ETF (VGSH) or SPDR Portfolio Short Term Treasury ETF (SPTS) . Exchange-traded funds that offer exposure to these assets include the iShares 20 Plus Year Treasury Bond ETF (TLT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) . Invest in dividend-growing value stocks Newton Investment Management's John Bailer recommended investors solely allocate into value stocks with sustainable and growing dividends.
Persons: Kumar, VGSH, VCIT, John Bailer, JPMorgan Chase, They've, they've, Bailer, Northrop Grumman, James Abate, Abate, Johnson, Geoff Martha, Colgate's Organizations: Treasury, Nasdaq, Dow Jones, CNBC Pro, Sri, Kumar, CNBC, AAA, Exchange, Treasury Bond ETF, Vanguard, Stock Market, U.S, Bloomberg, Newton Investment, JPMorgan Chase, JPMorgan, Northrop, Asset Management, Johnson, Colgate, Palmolive Locations: Bailer's
Watch CNBC's full interview with Komal Sri-Kumar
  + stars: | 2023-11-27 | 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 Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, why he believes the Fed will hold rates steady again at its next policy meeting because 'they just don't know what to do', and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a great time to be long dated Treasuries, says Komal Sri-KumarKomal Sri Kumar, Sri-Kumar Global Strategies president, and Jake Jolly, BNY Mellon Investment Management head of investment analysis, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Komal, Kumar Komal Sri Kumar, Jake Jolly Organizations: Kumar Global, Mellon Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is the Treasury's responsibility to lengthen maturities when rates are low, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss the latest market trends, interest rate path outlook, Treasury yields, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is 'totally out of control' and don't know what to do next, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss rising Treasury yields, with the 10-year Treasury yield breaking above 5% for the first time in 16 years, the impact on markets and economy, the Fed's inflation fight, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar
A higher-for-longer interest rate environment could mean a "stalemate" for equities after their long upward march in 2023. However, history indicates that's unlikely to continue, according to Chen Zhao, chief global strategist at Alpine Macro. He expects stocks will trade sideways for some time as investors weigh competing narratives around a robust economy with the pressures of higher bond yields. Of course, stocks bounced back the following year when the Federal Reserve began to cut rates. … But at the same time, you have rising borrowing costs, rising discount factors that actually tamp down asset values."
Persons: Stocks, Chen Zhao, Zhao, Komal, Kumar, Marko Kolanovic Organizations: Federal Reserve, Kumar Global
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's inflation target is beyond reach for at least the next couple of years, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Closing Bell: Overtime' to discuss the impact of the Israel-Hamas war on inflation, what this means for fixed income returns, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Kumar Global Locations: Israel
Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.
Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, , Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington
Komal Sri-Kumar: Don't see too much of a yield rise ahead
  + stars: | 2023-10-10 | 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 EmailKomal Sri-Kumar: Don't see too much of a yield rise aheadKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk on the Street' to discuss the current rate situation and the potential for a recession, where the credit crunch will come from in banks, and more.
Persons: Kumar Organizations: Komal, Sri, Kumar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKomal Sri-Kumar: Bond market's 'panic attack' came after the Fed wasn't responding to rate hikesKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss the latest market trends, why he believes the bond market could be having a panic attack, the Fed's inflation fight, and more.
Persons: Bond, Kumar Organizations: Sri, Kumar
But interest rates are unlikely to stay this high for long, according to Fundstrat's Tom Lee. AdvertisementAdvertisementThe Federal Reserve has sowed panic among investors and that's led to the latest bout of dysfunction in the bond market, Wall Street experts say. But according to some market experts, the selloff is largely fueled by feelings of panic in the market rather than fundamentals. "Coming out of the last FOMC meeting two weeks ago, I think that's really when the bond market broke down," Michele added. AdvertisementAdvertisement"This is clearly a panic attack," market veteran Komal Sri-Kumar said to CNBC on the selloff in bonds.
Persons: Treasurys, Tom Lee, , that's, Jerome Powell, It's, Powell, Bob Michele, Michele, Komal, Kumar, it's, there's, Lee Organizations: Service, Wall, Treasury, Asset, CNBC Locations: Silicon, Spain, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's an exhaustion in the economy that will result in a recession, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss the Fed's inflation fight, the state of the U.S. economy, recession outlook, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Sri, Kumar Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow's the time to get more into fixed income, says Komal Sri-KumarKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to preview Fed Chair Jay Powell's speech at the annual Jackson Hole conference, why he believes Powell will be relatively dovish this year and could potentially push the yield on the 10-year note down further, and more.
Persons: Komal, Kumar Komal, Kumar, Jay Powell's, Jackson, Powell Organizations: Sri, Kumar
Historically, the artists who’ve made collectors prove their good intentions have been those, like Hammons and Mehretu, with enough power and influence to make the business bend to their will. Most artists have no autonomy, which means that once their work leaves the studio and goes to the gallery, their involvement with it is through. Lately, though, the practice of auditioning collectors has changed, especially as galleries and museums attempt to elevate work by artists who’ve long been neglected or ignored by mainstream institutions. A younger, more diverse generation of artists are asking for more control over how their work gets sold and to whom. “For some people,” he said, “it’s cool they collect Black art, but they’re not hanging that stuff in their home.
Persons: who’ve, Janiva Ellis, , she’s, , , Ellis, Halsey, Kordansky, Fleur, I’ve, Komal Shah Locations: New York, St, Haiti, India, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 10-year Treasury yield shows that the recession is coming, says Komal Sri-KumarKomal Sri Kumar, Sri-Kumar Global Strategies president, and Barry Knapp, Ironsides Macroeconomics director of research, join 'Squawk Box' to preview Fed's rate hike decision, the impact on the markets, what to look forward to for the rest of the year, and more.
Persons: Komal, Kumar Komal Sri Kumar, Barry Knapp Organizations: Kumar Global
Komal Sri-Kumar breaks down what to expect next from the Fed
  + stars: | 2023-07-11 | 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 EmailKomal Sri-Kumar breaks down what to expect next from the FedKomal Sri-Kumar, Sri-Kumar Global Strategist president, joins 'Squawk on the Street' to discuss the Fed's next move and how it'll impact growth and inflation.
Persons: Kumar Organizations: Kumar Global
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAn IPO boom has never been a good indicator for equities, says Sri Kumar Global Strategies PresidentSteve Auth, Federated Hermes Equities CIO, and Komal Sri-Kumar, president of Sri-Kumar Global Strategies, join 'The Exchange' to discuss the IPO market, pricing in a recession, and projections for core CPI numbers.
Persons: Sri Kumar, Steve Auth, Kumar Organizations: Sri, Sri Kumar Global, Hermes, Kumar
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