DIRS.INFO The most relevant business & tech news

☆ 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

☆ 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

☆ Stock futures are little changed as Wall Street awaits key consumer inflation data: Live updates
▼ + stars: | 2023-09-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Tuesday night as investors looked toward the release of the consumer price index for more insights on inflation. S&P 500 futures lost 0.02%, while Nasdaq 100 futures ticked up 0.04%. Economists are estimating a 3.6% year-over-year rise in inflation, according to Dow Jones. Fed funds futures pricing data indicate a 93% probability of rates remaining the same as of Tuesday evening, according to the CME FedWatch Tool. If there's a higher-than-expected number, it kind of reaffirms the narrative that wage inflation is driving structural inflation in the overall economy," Stucky said.

Persons: Dow Jones, Matt Stucky, Stucky Organizations: Dow Jones, Nasdaq, Apple, Oracle, CPI, Northwestern Mutual Wealth Management Company

☆ 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

[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

The 15% year-to-date rally in the S&P 500 (.SPX) is pulling once doubtful investors back into the market. Meanwhile, options investors are buying calls - bets on upside in stocks - at levels not seen in years. A record 1.8 million S&P 500 calls traded on Thursday, helping lift the one-month moving average of calls-to-puts to the highest in at least four years, Trade Alert data showed. The S&P 500 has posted a median gain of 18% in the 12 months after clearing the 20% threshold, LPL Financial data showed. One encouraging signal is that a greater number of S&P 500 stocks are heading higher, in addition to the handful of megacap growth names such as Microsoft (MSFT.O) and Nvidia (NVDA.O) that led gains this year.

Persons: you've, Emily Roland, Goldman Sachs, Willie Delwiche, we're, Delwiche, Brent Kochuba, Matt Stucky, Ken Mahoney, Lewis Krauskopf, Saqib Iqbal Ahmed, David Randall, Ira Iosebashvili, Richard Chang Organizations: YORK, National Association of Active Investment, Bank of America, Deutsche Bank, Trade, John Hancock Asset Management, Mount Research, American Association of, Investors, Northwestern Mutual Wealth Management Company, Fed, Microsoft, Nvidia, Asset Management, Thomson Locations: U.S

The U.S. Securities and Exchange Commission sued Coinbase, accusing it of illegally operating without registration with the regulator. That happened a day after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao. Coinbase shares were down 13.4% at $50.81 after earlier hitting their lowest level since January. Also, after falling earlier, Bitcoin , the world's biggest cryptocurrency, was up 1.4%. Coinbase had disclosed in March that it received a "Wells notice" from the SEC threatening a potential lawsuit over certain products.

Persons: Coinbase, Changpeng Zhao, Matt Stucky, Shannon Stapleton, Binance's cryptocurrency, Paul Grewal, we'll, Grewal, Manya Saini, Shristi, Sinéad Carew, Paul Simao Organizations: Coinbase, U.S . Securities, Exchange Commission, SEC, Binance, Global, Northwestern Mutual Wealth Management Company, Coinbase Global Inc, Nasdaq, Times, REUTERS, Mining, Marathon, Thomson Locations: Manhattan, New York, U.S, Bengaluru

☆ 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.

☆ Wall St stocks end lower, dollar gains after data; Fed, earnings in the wings
▼ + stars: | 2023-05-01 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

Crude oil prices were lower as weak economic data from China and expectations of another Fed interest rate hike on Wednesday outweighed support from OPEC+ supply cuts due this month. U.S. Treasury 10-year yields added to gains throughout the session, adding to a boost from the release of economic data Monday. In Treasuries, benchmark 10-year notes were up 12.4 basis points to 3.576%, from 3.452% late on Friday. The 2-year note was last was up 7.5 basis points to yield 4.1386%, from 4.064%. Gold prices edged lower as the dollar rose after better-than-expected U.S. manufacturing data.

☆ 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.

☆ Stock futures are flat Thursday night as Wall Street processes earnings results: Live updates
▼ + stars: | 2023-04-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. U.S. stock futures were little changed on Thursday night. S&P 500 futures were unchanged, while Nasdaq 100 futures rose 0.07%. The S&P 500 dropped 0.6%, and the tech-heavy Nasdaq Composite lost 0.8%. Earnings season continues Friday, with Procter & Gamble, Regions Financial, SLB, Freeport-McMoRan and HCA Healthcare set to report earnings before the bell.

☆ 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.

☆ 'This is a warning to the Fed': Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank failure since 2008
▼ + stars: | 2023-03-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Regulators shut down Silicon Valley Bank on Friday, putting it into FDIC receivership. I think doing nothing would've been negative, but getting involved stops things in their tracks," Wright told Insider. Nancy Tengler, chief executive and chief investment officer, Laffer Tengler Investments"Often what we get from regulators, they close the barn door after the horses are out of the barn," Tengler told Insider. It's not like interest rates haven't been rising for a year. Jamie Cox, managing partner, Harris Financial Group"When the Fed jacks up interest rates 500 basis points in a matter of months, things like SVB happen," Cox told Insider.

The yield on two-year Treasury notes , which closely tracks short-term interest rate expectations, rose to 4.9%, its highest level since 2007. "You also got a tick up in the ISM prices paid, which means that prices generally are rising now for manufacturing. That's higher than where Fed policymakers in December signaled they would need to raise the policy rate. Money market traders see an about 80% chance of a 25-basis-point rate hike later this month, but the odds of a bigger 50 bps rate hike have grown recently. The main U.S. benchmarks ended February with losses as investors braced for the possibility that the Fed will hike rates more than initially thought on signs of resilience in the economy.

☆ Wall St slightly higher as investors focus on Fed minutes
▼ + stars: | 2023-02-22 | by ( Johann M Cherian | ) www.reuters.com time to read: +3 min

U.S. stocks shed more than 2% on Tuesday after a rebound in business activity in February stoked fears of interest rates staying higher for longer. New York Fed President John Williams, a voting member of the rate-setting committee this year, is scheduled to speak later in the day. Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end. However, stocks have had a volatile run in February, leaving the Dow flat for the year as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy. The S&P index recorded three new 52-week highs and one new lows, while the Nasdaq recorded 21 new highs and 92 new low.

☆ Wall St Week Ahead Last year's laggards lead U.S. stocks' 2023 rebound, for now
▼ + stars: | 2023-02-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, Feb 10 (Reuters) - U.S. stocks that took a beating last year are surging in the early weeks of 2023, leading markets higher. A range of factors are driving the moves, including the attractiveness of beaten-up shares, a tailwind from falling bond yields and market participants unwinding bearish bets against stocks. “When interest rates fall, lower quality, longer duration assets do well," said Rob Almeida, global investment strategist at MFS Investment Management. That's weighed on stocks in the latest week, which saw the S&P 500 lose 1.1% after two straight weeks of gains. David Kotok, chief investment officer at Cumberland Advisors, is skeptical of the latest rally and some of the stocks leading the current run.

☆ Wall St Week Ahead U.S. investors hunt for gains in foreign stocks
▼ + stars: | 2023-01-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Europe's STOXX 600 index (.STOXX) has gained some 17% since the end of the third quarter, versus 11% for the U.S. benchmark S&P 500. MSCI's gauge of global stocks excluding the U.S. has risen more than 20% over that time. The firm last month rotated more into international equities as it increased its overall stock exposure, de Longis said. US vs European stock performanceInternational stocks were recently touted by investor Jeffrey Gundlach of DoubleLine Capital and BofA Global Research, which projected global stocks would "crush" their U.S peers in 2023. Buying international stocks could be a "complement" to the opportunity domestically, said Mona Mahajan, senior investment strategist at Edward Jones.

☆ The bond market is signaling a recession, says Northwestern Mutual's Brent Schutte
▼ + stars: | 2022-12-12 | 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 EmailThe bond market is signaling a recession, says Northwestern Mutual's Brent SchutteMark Zandi, Moody's chief economist, and Brent Schutte, Northwestern Mutual Wealth Management CIO, join 'Squawk on the Street' to discuss wage growth and service price inflation, the weakness in the labor market, and opportunities in the bond market.

☆ You're seeing earnings positivity reflected in stock markets right now, says Northwestern Mutual's Schutte
▼ + stars: | 2022-10-24 | 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 EmailYou're seeing earnings positivity reflected in stock markets right now, says Northwestern Mutual's SchutteBrent Schutte, Northwestern Mutual Wealth Management CIO, and Meera Pandit, JPMorgan Asset Management, join 'Squawk on the Street' to discuss Pandit's take on equity markets, how Schutte sees the markets right now and how Pandit is positioning as an investor.

☆ Watch CNBC's full interview with Northwestern Mutual's Brent Schutte and JPM's Meera Pandit
▼ + stars: | 2022-10-24 | 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 EmailWatch CNBC's full interview with Northwestern Mutual's Brent Schutte and JPM's Meera PanditBrent Schutte, Northwestern Mutual Wealth Management CIO, and Meera Pandit, J.P. Morgan Asset Management, join 'Squawk on the Street' to discuss Pandit's take on equity markets, how Schutte sees the markets right now and how Pandit is positioning as an investor.

☆ Northwestern Mutual's chief strategist says the Fed could push the economy off a deflation cliff if it doesn't slow its pace — and shares 4 ways to hedge against declining earnings
▼ + stars: | 2022-10-21 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Brent Schutte believes that the Fed risks pushing the US economy into a deflationary environment. He shared four asset classes to hedge against the earnings decline that many analysts anticipate. While stubbornly persistent inflation has been top of mind recently for most investors, lately Brent Schutte has been growing increasingly worried about the opposite case — deflation. "2014 to 2020, we all were worried about deflation; that's what everybody wanted to talk about. But once the economy has reached a downturn, Schutte thinks that inflation won't continue to persist.

Search resuls for: "Northwestern Mutual Wealth"

25 mentions found