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☆ This market is still really sensitive to Fed expectations, says BNY Mellon's Jake Jolly
▼ + stars: | 2024-01-17 | 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 EmailThis market is still really sensitive to Fed expectations, says BNY Mellon's Jake JollyCharlie Bobrinskoy, Ariel head of investment group, and Jake Jolly, BNY Mellon Investment Management head of investment analysis, join 'Closing Bell Overtime' to talk the day's market action.

Persons: BNY, Jake Jolly Charlie Bobrinskoy, Ariel, Jake Jolly Organizations: Mellon Investment Management

☆ This is a great time to be long dated Treasuries, says Komal Sri-Kumar
▼ + stars: | 2023-11-20 | 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 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

☆ BNY Mellon's Jolly: Tactically, it's still a very challenging market
▼ + stars: | 2023-09-07 | 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 EmailBNY Mellon's Jolly: Tactically, it's still a very challenging marketJake Jolly, BNY Mellon Investment Management head of investment analysis, joins 'Squawk Box' to discuss where we are with the markets, Jolly's expectations for a soft landing from inflation, and how the strategist considers the employment picture.

Persons: Jolly, Jake Jolly Organizations: Mellon Investment Management

☆ Wall St Week Ahead Investors lower outlook for consumers as student loans, credit card debts pile up
▼ + stars: | 2023-09-01 | by ( David Randall | ) www.reuters.com time to read: +5 min

"The U.S. consumer is on thin ice coming into the final stretch of 2023," said Emily Roland, co-chief investment strategist at John Hancock Investment Management. Further declines in the labor market will likely act as a double-edged sword for investors, relieving some inflation pressures while weighing on consumer spending. Overall consumer spending rose slightly more than expected in August, while the savings rate fell to its lowest since November 2022, the Commerce Department said on Thursday. Betting against the consumer spending has so far been a losing wager. (This story has been corrected to say BNY Mellon Investment Management, not BNY Mellon, in paragraph 10)Reporting by David Randall; editing by Megan Davies and Andy SullivanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Nordstrom, Macy's, Emily Roland, Jake Jolly, Gregory Daco, Young, Jason Draho, Sandy Villere, Mellon, David Randall, Megan Davies, Andy Sullivan Organizations: New York Stock Exchange, REUTERS, Apollo Group . Department, John Hancock Investment Management, of Labor Statistics, Commerce Department, BNY Mellon Investment Management, Treasury, Ernst, Atlanta Fed's, UBS Global Wealth Management, Royal Caribbean Cruises, Villere, Thomson Locations: New York City, Russia, Ukraine, New York, U.S

☆ Premarket stocks: Why a US recession is probably coming
▼ + stars: | 2023-05-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

That would catapult the United States into recession during the second half of 2023 (Europe and the UK will feel it even earlier). It’s possible that the economy sees disinflation in a way that it hasn’t in previous cycles.”Has the gig economy peaked? So is the height of the gig economy behind us? “It hasn’t changed anything about the odds of a recession,” the chief executive said in response to a question from CNN during a press call. “Down the road, rates going way up, real estate, recession — that’s a whole different issue.

The S&P 500 is down 14.4% year-to-date. U.S. consumer prices rose less than expected in October, supporting the view that inflation was ebbing. Further ahead, some of Wall Street’s biggest banks are now forecasting that the Fed's monetary policy tightening will bring on a recession next year. In options markets, traders appear more preoccupied with not missing out on more gains in stocks than guarding against future declines. The one-month moving average of daily trading in bearish put contracts against bullish calls on the S&P 500 index-tracking SPDR S&P 500 ETF Trust's options is at its lowest since January 2022, according to Trade Alert data.

☆ U.S. yields climb as hawkish Fed concerns outweigh weaker economic data
▼ + stars: | 2022-10-24 | by ( Davide Barbuscia | ) www.reuters.com time to read: +3 min

Speculation about a potentially more dovish Fed - despite U.S. inflation remaining hot - was visible in money markets. But they climbed back again, with the benchmark 10-year Treasury yields up at 4.229% and two-year note yields at 4.498%. On the long end, 30-year Treasury yields rose to an 11-year high of 4.359%. "If the Fed is going to be data dependent, these data points should be a focus point for them. Whether or not that actually happens, is yet to be seen," said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.

REUTERS/Kim Kyung-Hoon/File PhotoNEW YORK/LONDON, Sept 25 (Reuters) - Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments (US). "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. But the murky outlook meant that they were still not cheap enough for some investors. "We are of the view that markets are still massively underestimating the global economic growth hit that is coming," he said.

REUTERS/Kim Kyung-Hoon/File PhotoNEW YORK/LONDON, Sept 25 (Reuters) - Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments (US). "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. The fallout from the hectic week exacerbated trends for stocks and bonds that have been in place all year, pushing down prices for both asset classes. "We are of the view that markets are still massively underestimating the global economic growth hit that is coming," he said.

☆ Wall St Week Ahead 'Uncharted' sell-off in U.S. stocks has investors wondering when the pain stops
▼ + stars: | 2022-09-23 | by ( David Randall | ) www.reuters.com time to read: +5 min

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2022. REUTERS/Brendan McDermidNEW YORK, Sept 23 (Reuters) - A week of heavy selling has brought U.S. stocks and bonds to fresh bear market lows, with many investors bracing for more pain ahead. Goldman Sachs, meanwhile, cut its year-end target for the S&P 500 by 16% to 3,600 points from 4,300 points. Kevin Gordon, senior investment research manager at Charles Schwab, believes there is more downside ahead because central banks are tightening monetary policy into a global economy that already appears to be weakening. A recession would likely push the S&P 500 to trade between 3,000 and 3,500 in 2023, Jolly said.

☆ Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end
▼ + stars: | 2022-09-23 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is down more than 22% this year. If the S&P 500 closes below the mid-June low in the days ahead, that may prompt another wave of aggressive selling, Stovall said. Goldman Sachs, meanwhile, cut its year-end target for the S&P 500 by 16% to 3,600 points from 4,300 points. "The increased probability of breaking the June S&P 500 price low may be what it takes to invoke even deeper fear. A recession would likely push the S&P 500 to trade between 3,000 and 3,500 in 2023, Jolly said.

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