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☆ Fed will have hard time cutting rates, says Northwestern Mutual's Brent Schutte
▼ + stars: | 2024-05-28 | 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 will have hard time cutting rates, says Northwestern Mutual's Brent SchutteBrent Schutte, Northwestern Mutual Wealth Management, joins 'Power Lunch' to discuss markets and his economic outlook.

Persons: Brent Schutte Brent Schutte Organizations: Northwestern, Northwestern Mutual Wealth Management

☆ Northwestern Mutual's Brent Schutte: There is likely to be a recession
▼ + stars: | 2024-05-20 | 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 EmailNorthwestern Mutual's Brent Schutte: There is likely to be a recessionBrent Schutte, Northwestern Mutual Wealth Management CIO, joins CNBC's 'Money Movers' to discuss markets, Fed rate cuts, economic outlooks, and more.

Persons: Brent Schutte Organizations: Northwestern, Northwestern Mutual Wealth Management

☆ Stock futures are little changed as investors brace for key inflation reports: Live updates
▼ + stars: | 2024-05-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures flickered near the flatline Monday evening as Wall Street braced for the release of key inflation reports. S&P 500 futures inched down 0.02%, while Nasdaq 100 futures slipped 0.08%. Another market catalyst will emerge Tuesday morning as the first of two key inflation reports will be released. "It's not unusual for Wall Street and Main Street to see the economy differently — the different perspective stems from different points of focus. Stock market movements are based on expectations of future economic performance, not necessarily current conditions," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management.

Persons: Dow, Dow Jones, Jerome Powell, Brent Schutte Organizations: Nasdaq, Dow Jones Industrial, New York Federal Reserve, PPI, Northwestern Mutual Wealth Management

☆ Inflation reaccelerating across various segments, says Northwestern Mutual's Schutte
▼ + stars: | 2024-04-11 | 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 EmailInflation reaccelerating across various segments, says Northwestern Mutual's SchutteBrent Schutte, Northwestern Mutual Wealth management CIO, joins 'Power Lunch' to discuss why it could be difficult for the Federal Reserve to cut rates this year, what Schutte recommends for the Fed, and how investors can play the current environment.

Persons: Northwestern Mutual's Schutte Brent Schutte, Schutte Organizations: Northwestern Mutual Wealth, Federal Reserve, Fed

☆ 3 things rattling markets this week
▼ + stars: | 2024-04-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 tumbled the first two trading days of the new quarter and is down 0.8% for the week after paring back some of its losses on Wednesday. Some Fed officials revealed at the central bank’s policy meeting last month that they see fewer rate cuts than the three they forecast last December for 2024. Traders see a 63% expectation that the Fed cuts rates in June, a drop from more than 70% a week earlier, according to the CME FedWatch Tool. “With Middle East tensions on the rise, OPEC+ supply side measures have pushed crude oil volatility down,” BofA strategists wrote in a Wednesday report. “Adding to a complex backdrop, we now estimate that improving economic growth expectations have helped push global oil markets into a deficit.”The price of gold has also climbed this week.

Persons: New York CNN — Stocks, “, ”, Brent Schutte, Jerome Powell, •, Loretta Mester, Raphael Bostic, Brent, Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, Matt Egan, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ” Read, Joe Biden, Sean Lyngaas, China Nicholas Burns, Antony Blinken, Read Organizations: CNN Business, Bell, New York CNN —, Treasury, FactSet, Northwestern Mutual Wealth Management, Hawkish, San Francisco Fed, Stanford University, Wednesday, • Cleveland Fed, Atlanta Fed, CNBC, Traders, Organization of, Petroleum, West Texas, Brent, Bank of America, Trump Media, Trump Media & Technology Group, DWAC, Southern, of, Acquisition Corporation, “, Microsoft, US, Department of Homeland Security, CNN Locations: New York, OPEC, Florida, of New York, Washington, China

☆ There are echoes of 1999 in today's equity markets, says Northwestern Mutual's Schutte
▼ + stars: | 2024-02-28 | 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 EmailThere are echoes of 1999 in today's equity markets, says Northwestern Mutual's SchutteBrent Schutte, Northwestern Mutual Wealth Management CIO, joins 'Power Lunch' to discuss what Schutte makes of the recent speculative moves in equity markets, why certain parts of the market are risky, and much more.

Persons: Northwestern Mutual's Schutte Brent Schutte, Schutte Organizations: Northwestern Mutual Wealth Management

☆ Fed will leave rates elevated which will cause a shallow recession: Northwestern Mutual's Schutte
▼ + stars: | 2024-02-13 | 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 will leave rates elevated which will cause a shallow recession: Northwestern Mutual's SchutteBrent Schutte, Northwestern Mutual Wealth Management CIO, joins 'Money Movers' to discuss his calls for a recession this year, whether investors should pay attention to one data point on inflation, and more.

Persons: Northwestern Mutual's Schutte Brent Schutte Organizations: Northwestern Mutual Wealth Management Locations: Northwestern

The year opened with a bang as employers added 353,000 jobs in January, far exceeding the most optimistic of forecasts. Revisions also raised the November job number to 182,000 and also added 117,000 more jobs to December. “The labor market is certainly cooling,” Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management, said ahead of the report. “I think the labor market by many measures is at or nearing normal, but not totally back to normal,” Powell told reporters. But it is hard to contain the enthusiasm that a strong jobs report along with moderating inflation is good for most Americans.

Persons: “, ”, Becky Frankiewicz, isn’t, ” “ We’re, December’s downwardly, ” Brent Schutte, seasonality, Amy Glaser, Glaser, Chris Todd, ” Todd, Jerome Powell, ” Powell, “ It’s, Julia Pollak, ” Schutte Organizations: ADP, Northwestern Mutual Wealth Management, Adecco, BLS, Federal Reserve, Federal

☆ Good news is already priced-in and markets will see a pullback, says Northwestern Mutual's Schutte
▼ + stars: | 2024-01-22 | 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 EmailGood news is already priced-in and markets will see a pullback, says Northwestern Mutual's SchutteBrent Schutte, Northwestern Mutual Wealth Management CIO, joins 'Power Lunch' to discuss why the equity markets are due for a pause, why there could still be a recession this year, and how much this week's economic data could move the markets.

Persons: Northwestern Mutual's Schutte Brent Schutte Organizations: Northwestern Mutual Wealth Management

☆ Expect a mild recession, says Northwestern Mutual's Brent Schutte
▼ + stars: | 2023-11-28 | 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 a mild recession, says Northwestern Mutual's Brent SchutteBrent Schutte, Northwestern Mutual Wealth Management CIO, joins 'Squawk on the Street' to discuss the latest comments from the Federal Reserve, what underpins the soft landing thesis and how much it'll hold, and how to play the market if investors are feeling bearish.

Persons: Brent Schutte Brent Schutte Organizations: Northwestern, Northwestern Mutual Wealth Management, Federal Reserve

☆ Small caps will do well on the other side of a mild recession: Northwestern's Brent Schutte
▼ + stars: | 2023-10-18 | 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 EmailSmall caps will do well on the other side of a mild recession: Northwestern's Brent SchutteBrent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company, joins 'Squawk on the Street' to discuss the recent outperformance of small-caps compared to technology stocks, small-to-medium-sized businesses struggling to access capital, and more.

Persons: Northwestern's Brent Schutte Brent Schutte Organizations: Northwestern Mutual Wealth Management Company

☆ US stocks slump as investors brace for the Fed's next interest rate decision
▼ + stars: | 2023-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks dipped Tuesday as investors braced for the Fed's next interest rate move. Investors are pricing in a near-100% chance rates will be kept level on Wednesday. All three benchmark indexes ended the day lower, with the Dow losing over 100 points. All three benchmark indexes ended the day in the red, with the Dow losing over 100 points as central bankers deliberated over their next policy decision. Markets are pricing in a 99% chance central bankers will choose to keep interest rates level on Wednesday.

Persons: Jerome Powell, Brent Schutte Organizations: Dow, Service, Federal, Northwestern Mutual Wealth Management, Brent, West Texas Intermediate, Dow Jones Locations: Wall, Silicon, Here's

☆ Here are 6 key economic signals for markets to follow as the Fed gets ready to make its next policy move
▼ + stars: | 2023-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

There are six key economic indicators for markets to gauge the health of the US economy. The US is likely headed for a mild recession, according to one chief investment officer. Markets are currently pricing in a 99% chance the Fed will choose to keep interest rates unchanged, according to the CME FedWatch tool. Small business optimism is waningSmall business optimism slumped over the past month to 91.3, down 0.6 points from July's reading. But real wages of Americans have actually fallen 0.5% over the past month, according to the Bureau of Labor Statistics, which could spell trouble for the US consumer.

Persons: Brent Schutte, Schutte Organizations: Service, Federal Reserve, Fed, Northwestern Mutual Wealth Management, Cleveland Fed, Bureau of Labor Statistics, San Francisco Fed, University of Michigan's Locations: Wall, Silicon

☆ Fed won't ease liquidity until wages move substantially lower, says Northwestern Mutual's Schutte
▼ + stars: | 2023-09-18 | 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 won't ease liquidity until wages move substantially lower, says Northwestern Mutual's SchutteBrent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company, joins 'Squawk on the Street' to discuss his thoughts on the overall macro economy, where the terminal rate goes and what could keep rates persistently higher.

Persons: Northwestern Mutual's Schutte Brent Schutte Organizations: Northwestern Mutual Wealth Management Company

☆ 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

☆ Here's why Northwestern's Brent Schutte is expecting a mild recession
▼ + stars: | 2023-08-30 | 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 Northwestern's Brent Schutte is expecting a mild recessionBrent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company, joins 'Squawk on the Street' to discuss what Schutte makes of the latest economic data, if a recession would be healthy for the economy, and Schutte's overweight on value stocks.

Persons: Brent Schutte, Schutte Organizations: Northwestern Mutual Wealth Management Company

☆ A recession is only delayed as the economy continues to lose steam. Here's exactly how 8 top strategists and money managers recommend investing in this turbulent market.
▼ + stars: | 2023-08-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Now, the inverse has happened as stocks rally, inflation steadily falls, and the labor market stays healthy. By any historical measure, this is still a really strong labor market," he said. "There's a lot of market concern — understandably so — about the sustainability of the strong labor market," Porter said. "There are clear signs that we're weakening at the margin," Schurmeier said of the labor market. "And they're able to thread the needle on the other part of their mandate, which is the labor market."

Persons: John Porter, Jason Draho, Porter, David Lebovitz, Lebovitz, they're, Draho, Jonathan Curtis, Curtis, Brent Schutte, Schutte, Jake Schurmeier, Schurmeier, they'll, shouldn't, Charles Lemonides, Lemonides, Greg Calnon, Calnon, Franklin Equity Group's Curtis, he's Organizations: Newton Investment Management, UBS Global Wealth, Asset Management, Franklin Equity Group, Workers, Northwestern, Harbor Capital Advisors, Fed, Goldman Sachs Asset Management, Franklin Equity

☆ 'This reminds me a lot of 1999 to 2000': An investment chief warns that a recession is right around the corner despite overboard bullish sentiment — and shares the 3 best ways to protect your portfoli
▼ + stars: | 2023-08-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Investors are ignoring the parallel between today's market and 1999, an investment chief warns. Brent Schutte, the chief investment officer for Northwestern Mutual's wealth management arm, isn't sure this year's returns have staying power. "This reminds me a lot of 1999 to 2000 where a small group of stocks kept pulling the market higher," Schutte said in a recent interview with Insider. Unless there's a sudden influx of workers that drives down wage growth through competition, the investment chief said the economy will steadily lose momentum. 3 ways to protect your portfolio nowDespite the recent market pullback, investors don't seem to be too worried.

Persons: Brent Schutte, Schutte, you've, they're, hasn't, Schutte isn't Organizations: Northwestern, CPI, Workers

[1/2] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2023. The Fed lifted its benchmark overnight interest rate by a widely expected 25 basis points, marking the 11th hike in the U.S. central bank's past 12 policy meetings. As of Wednesday, 77.6% of the 152 companies listed on the S&P 500 (.SPX) that have reported earnings have beaten analysts' expectations as compiled by Refinitiv. Advancing issues outnumbered decliners on the NYSE by a 1.75-to-1 ratio; on Nasdaq, a 1.64-to-1 ratio favored advancers. The S&P 500 posted 29 new 52-week highs and no new lows; the Nasdaq Composite recorded 72 new highs and 92 new lows.

Persons: Brendan McDermid, Dow, Jerome Powell, Goldman Sachs, Angelo Kourfafas, Edward Jones, Brent Schutte, David Bahnsen, Jim Vena, Lance Fritz, Wells Fargo, decliners, Bansari Mayur Kamdar, Johann M, Savio D'Souza, Anil D'Silva, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Microsoft, Boeing, Dow, Nasdaq, Federal, Fed, Northwestern Mutual Wealth Management, Google, NYSE, Bahnsen, Meta, Facebook, Refinitiv, Reuters Graphics Reuters, Dow Jones, Union Pacific, Thomson Locations: New York City, U.S, Bengaluru

☆ Cheap small and mid-cap stocks see tailwinds in a recession, says Northwestern's Brent Schutte
▼ + stars: | 2023-07-26 | 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 EmailCheap small and mid-cap stocks see tailwinds in a recession, says Northwestern's Brent SchutteBrent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company, joins 'Squawk on the Street' to discuss opportunities in small and mid-cap stocks, hedging a recession-related equity downside with fixed-income investments, and the Fed's concerns about a wage spiral bringing inflation up.

Persons: Northwestern's Brent Schutte Brent Schutte Organizations: Northwestern Mutual Wealth Management Company

☆ How a shockingly resilient jobs market saved the US from a recession
▼ + stars: | 2023-05-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Several measures from Friday's jobs report show the labor market is stronger than it's been in decades. But Terrazas pointed to potential concerns in the labor market and for interest rates. "If it's the former, it's just a matter of time before gravity catches up with the labor market," Terrazas said. Overall though, the different robust labor market data suggests the US could maybe avoid a recession as has been the case so far in 2023. Despite potential risks in the job market, Pollak believes there's a possibility that the US continues to avoid a recession.

In theory, that should be welcome news for stocks and other so-called risk assets, which wilted under the barrage of hikes last year. Yet some investors worry this year's 6.5% rebound in the S&P 500 has made equities expensive. Many are also wary that the Fed's rate hikes may precipitate a recession later this year. Stocks fell on Wednesday, with the S&P 500 ending down 0.7%, after the Fed's latest policy decision in which the central bank also raised rates by 25 basis points, as markets expected. Friday's U.S. employment report and next week's consumer price index data may give investors a sense of how deeply the Fed's rate hikes have seeped into the economy.

☆ Investors should turn to higher-quality fixed income in this volatile market, says Northwestern's Brent Schutte
▼ + stars: | 2023-04-20 | 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 EmailInvestors should turn to higher-quality fixed income in this volatile market, says Northwestern's Brent SchutteBrent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company, and Adam Crisafulli, Vital Knowledge Media president and founder, join 'Closing Bell: Overtime' to discuss how investors can approach the volatile market after a week of big earnings.

☆ US tech stocks close lower in mixed session as investors weigh recession worries alongside potential for another Fed rate hike
▼ + stars: | 2023-04-10 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

US stocks ended Monday's session mixed, with the Nasdaq trailing rival indexes. Investors returned from the Good Friday break anticipating another Fed rate hike after the March jobs report. Consumer inflation data and the first bank earnings after Silicon Valley Bank's collapse are due this week. But traders were also continuing to price in expectations the Fed will raise interest rates again by 25 basis points, with those odds rising to 71% during the day. Investors, by odds of nearly 70%, are expecting the Fed to raise interest rates by another 25 basis points, to a range of 5%-5.25% at its May 2-3 meeting.

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