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☆ Stock futures rise slightly ahead of key inflation data and the kickoff of earnings season: Live updates
▼ + stars: | 2023-04-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S equity futures rose slightly Sunday evening as investors looked ahead to key inflation data and the start of first-quarter earnings season. Futures tied to the broad market S&P 500 rose 0.2% and Dow Jones Industrial Average futures edged up 62 points, or 0.2%. The market was volatile as economic data showed signs of a weakening labor market. The March jobs report on Friday showed a resilient economy and moderate inflation, however, which pushed stock futures and Treasury yields higher. "It's still probably a toss-up as to whether the Fed hikes by another 25 basis points at its next meeting and stands pat; the next set of inflation data will probably be the deciding factor."

☆ Silvergate and Silicon Valley Bank show the risks of banks concentrating in one area
▼ + stars: | 2023-03-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Crypto-focused Silvergate , which announced its plans to liquidate this week, is suffering from woes similar to that of failed Silicon Valley Bank . That is, Silvergate's distress is linked to rising interest rates – rather than the whims of digital assets. There is also an impact from the rising interest rate environment banks now find themselves in. "As the bank of choice for crypto, Silvergate Bank's failure is disappointing, but predictable," she tweeted Wednesday afternoon . Now, customers must be made whole [and] regulators should step up against crypto risk."

☆ Analysis: Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
▼ + stars: | 2023-02-08 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) rose 1.3% along with a 6 basis points rise in the 10-year U.S. benchmark Treasury yield . yields vs stocksHigher bond yields dull the relative appeal of stocks while raising companies’ borrowing costs. Higher Treasury yields can also weaken the valuations of equities in standard valuation models, particularly for tech and other companies that rely on future profits that are discounted at higher rates when yields rise. Meanwhile, some investors are not yet worried about the threat to stocks from yields. Jacobsen is bullish on growth stocks, which were squashed by higher yields last year but have staged a strong rebound in 2023.

☆ Yung-Yu breaks down how to navigate rate hikes
▼ + stars: | 2023-02-01 | 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 EmailYung-Yu breaks down how to navigate rate hikesYung-Yu Ma, BMO Wealth Management chief investment strategist, joins 'TechCheck'' to discuss the Fed ahead of the rate hike announcement Wednesday.

☆ After the Fed’s latest move, how come you’re still not getting a higher rate on your bank savings?
▼ + stars: | 2023-02-01 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +10 min

So how come you’re not getting a higher rate on your bank savings? Another high-yield savings optionGiven today’s still-high rates of inflation, Series I savings bonds may be attractive because they’re designed to preserve the buying power of your money. For the week ending January 26, the 30-year fixed rate mortgage averaged 6.13%, well above where it was a year earlier, at 3.55%. So, if you’re close to buying a home or refinancing one, lock in the lowest fixed rate available to you. The variable rate on a home equity line of credit or a fixed rate on a home equity loan will rise because their formulas are directly tied to the Fed’s rates.

He heard at that time that Pfizer's (PFE.N) anti-viral drug Paxlovid was an effective treatment, but patients could only get it prescribed if they were admitted to hospital, and only if the drug was in stock. Li's experience, local media reports and online posts bear testimony to the difficulties faced obtaining Paxlovid in China through official channels. "Pfizer is actively collaborating with Chinese authorities and all stakeholders to secure an adequate supply of Paxlovid in China. We remain committed to fulfilling the COVID-19 treatment needs of Chinese patients and partnering with the Chinese government," the company said in a statement. PAXLOVID GIFTSeveral other people described to Reuters how they turned to the grey market to purchase Paxlovid.

☆ Expectations for the Fed to downsize future rate hikes soar after CPI shows inflation cooled in December
▼ + stars: | 2023-01-12 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Investors on Thursday were pricing in a more than 90% chance the Fed will reduce the size of its interest rate hike in February. The more bullish view on a potential downshift was sparked by cooler prices in the December inflation report. But there are 'lingering pressures' within core inflation for the Fed to consider. Investors also chopped down expectations for a March 22 rate hike of 50 basis points, to 5.4% from 18.6%. Core CPI that excludes energy and food prices rose 0.3%, meeting expectations but it was slightly higher than 0.2% in November.

☆ The crypto investing outlook for 2023 after a 60% decline in bitcoin this year
▼ + stars: | 2022-12-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

The other was the riskiest of risk assets, whose moves mirrored those of tech stocks. It won't happen overnight, but investors more than ever want to see a crypto market driven by utility rather than speculation . Barclays analyst Benjamin Budish said his team believes "crypto assets are likely to continue to behave like high-beta risk assets going forward." Investing in the next two quarters Bitcoin has fallen more than 60% this year and sits roughly 75% off of its all-time high from November 2021. When there's a pullback in that growth, as there was this year, bitcoin tends to struggle, Alden explained.

☆ Watch CNBC's full interview with Yung-Yu Ma, BMO chief investment strategist
▼ + stars: | 2022-12-16 | 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 Yung-Yu Ma, BMO chief investment strategistYung-Yu Ma, BMO chief investment strategist, joins 'TechCheck' to discuss slowing growth despite a strong labor market, areas of opportunity in the tech sector as adjustments in inventory and growth continue and the prevalence of subscription models in enterprise software.

☆ Although growth has slowed, the labor market remains quite healthy, says BMO's Yung-Yu Ma
▼ + stars: | 2022-12-16 | 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 EmailAlthough growth has slowed, the labor market remains quite healthy, says BMO's Yung-Yu MaYung-Yu Ma, BMO chief investment strategist, joins 'TechCheck' to discuss slowing growth despite a strong labor market, areas of opportunity in the tech sector as adjustments in inventory and growth continue and the prevalence of subscription models in enterprise software.

☆ What to do about the highest interest rate in 15 years
▼ + stars: | 2022-12-14 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +11 min

In its last policymaking meeting of the year, the Federal Reserve on Wednesday raised its benchmark interest rate for the seventh time in a row, to a range of 4.25% to 4.5%. Otherwise, any remaining balance will be subject to a new interest rate that could be higher than you had before if rates continue to rise. That said, “don’t jump into a large purchase that isn’t right for you just because interest rates might go up. If that’s not possible, consider paying off that balance by taking out a HELOC with another lender at a lower promotional rate, McBride suggested. The floating rate is tied to a short-term benchmark rate, such as the fed funds rate, so it will go up whenever the Fed hikes rates.

☆ Investors want to be in end markets that remain strong, says BMO's Ma
▼ + stars: | 2022-12-09 | 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 EmailInvestors want to be in end markets that remain strong, says BMO's MaYung-Yu Ma, BMO chief investment strategist, joins 'TechCheck' to discuss whether inventory corrections are creating buying opportunities, what long-term investors should keep an eye out for and more.

REUTERS/Thomas PeterBEIJING, Dec 7 (Reuters) - Searches on Chinese travel sites surged and social media platforms were flooded with delight and relief on Wednesday as the public cheered the biggest loosening of some of the world's strictest COVID policies. CAUTIOUS OPTIMISM, EXHAUSTIONThe news was also welcomed by foreign business groups, many of which had become increasingly outspoken about the damage the zero-COVID policy was having on China's economy and the operations of their companies. "Timely implementation will help stabilise China’s economy and get life back to normal," the European Chamber of Commerce in China said of the 10 measures announced on Wednesday. It also urged China to roll out mRNA vaccines for domestic use as part of a vaccination drive with the elderly a priority. Reporting by Sophie Yu and Martin Pollard, Writing by Brenda Goh; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street experts are warning that stocks are in for more trouble as a robust November jobs report is crushing investor hopes of a dovish Fed
▼ + stars: | 2022-12-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Stocks fell on Friday after the Bureau of Labor Statistics announced a robust November jobs report. But with the economy resilient, the Fed could continue to cause more pain for stocks going forward. November's jobs report, however, puts a pin the hopes of those anticipating easier policy sooner. He added: "Chairman Powell's speech earlier in the week was interpreted with a dovish lens, but that spin is likely to be reassessed based on the jobs report. Even before Friday's jobs report, some Wall Street strategists and money managers have been warning of further trouble ahead.

chartAccording to Morgan Stanley, the relief rally that engulfed risk assets produced the second-largest year-to-date easing in U.S. financial conditions, worth 30 basis points. By this measure, financial conditions now are easier than they were before the Fed's September and November rate hikes. If all that is true, there may be less need to focus so heavily on financial conditions, and a more balanced monetary policy now is sensible. To be clear, the Fed isn't completely turning its back on financial conditions. By this measure, financial conditions have tightened considerably in recent months.

☆ Stock futures tick higher after Wednesday's rally
▼ + stars: | 2022-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures ticked higher in overnight trading Wednesday. Futures tied to the Dow Jones Industrial Average added 12 points, or 0.03%, while those tied to the S&P 500 and Nasdaq 100 gained 0.25% and 0.27%, respectively. Salesforce's stock shed 6% in extended trading on news that co-CEO Bret Taylor is stepping down. The Nasdaq rose 4.37% — its second positive month in a row for the first time since a three-month streak ending December 2021. Both the S&P and Dow rose 5.38% and 5.67%, respectively, to finish their second month of gains for the first time since August 2021.

☆ Many applauded the Biden-Xi meeting, but one strategist is skeptical about what it means for trade
▼ + stars: | 2022-11-15 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders' summit in Bali, Indonesia, on Nov. 14, 2022. But it's unlikely that trade tensions between the two superpowers will see concrete improvement anytime soon, according to BMO Wealth Management. "I wouldn't expect any easing at all," Yung-yu Ma, the firm's chief investment strategist, told CNBC's "Squawk Box Asia," adding that trade ties are, on the contrary, likely to deteriorate. He expects the U.S. to announce even more measures on top of the the recently imposed chip export restrictions to China. "I do think the trend is for actually increasing technology restrictions and export restrictions," he said.

☆ Watch CNBC's full interview with BMO's Yung-Yu Ma
▼ + stars: | 2022-11-14 | 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 EmailWatch CNBC's full interview with BMO's Yung-Yu MaBMO Chief Investment Strategist Yung-Yu Ma joins 'TechCheck' to discuss investment strategies for tech, finding stability in portfolios and broad platform player's resilience against consolidation.

☆ A 2-pronged portfolio approach for stability makes sense in today's market, says BMO's Yung-Yu Ma
▼ + stars: | 2022-11-14 | 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 EmailA 2-pronged portfolio approach for stability makes sense in today's market, says BMO's Yung-Yu MaBMO chief investment strategist Yung-Yu Ma joins 'TechCheck' to discuss investment strategies for tech, finding stability in portfolios and broad platform player's resilience against consolidation.

☆ 3 Wall Street experts share what to do with your money now as cooling inflation has investors hopeful for a Fed pivot
▼ + stars: | 2022-11-12 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The S&P 500 jumped 5.5% on Thursday on news of cooling inflation. Investors are hoping the Fed will back off of hawkish policy sooner than they say. The SPDR S&P 500 Trust (SPY) offers exposure to the S&P 500 index. "Investors should take steps to ensure that their portfolio is positioned for a global recession, as the stock market still isn't pricing in this global recession risk," Landsberg said. We are bearish on the sectors that we think will do poorly in a global recession such as tech and discretionary."

☆ Premarket stocks: Wall Street picks hope over reality after inflation report
▼ + stars: | 2022-11-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —Stocks surged on Thursday in their best day since 2020 after a key inflation indicator came in softer than expected. Investors broke out their party hats as they interpreted the report to mean that peak inflation may finally be behind us. Crypto-advocates were hoping that rising interest and inflation rates would drive investors away from the dollar and into alternative assets like gold and Bitcoin. Then, central banks started raising rates to fight inflation, and the dollar strengthened significantly, seducing investors as the ultimate safe haven. Mortgage rates have risen throughout most of 2022, spurred by the Federal Reserve’s regime of interest rate hikes.

☆ 3 Markets rejoice after surprisingly cool inflation report
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +9 min

YUNG-YU MA, CHIEF INVESTMENT STRATEGIST, BMO WEALTH MANAGEMENT, CHICAGO“The better-than-expected CPI numbers are welcome but show a lot of underlying volatility. What Powell said is that we are going to need a few more reads on good CPI data before he can say we’re done." Shelter is the main contributor to inflation and everyone should know by now that it’s a garbage indicator of where inflation is headed. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. “The good news is that we saw a significant sequential improvement, inflation is clearly moving in the right direction.

☆ What rising interest rates mean for your credit, loans, savings and more
▼ + stars: | 2022-11-02 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +11 min

“Interest rates have increased at the fastest pace in 40 years,” said Greg McBride, chief financial analyst at Bankrate.com. They’re offering far higher rates – with some topping 3% currently – and have been increasing them as benchmark rates go higher. At the most recent auction in October, for instance, the 5-year TIPS had an interest rate of 1.625%. Home loans: Lock in fixed rates nowMortgage rates have been rising over the past year, jumping more than three percentage points. That said, “don’t jump into a large purchase that isn’t right for you just because interest rates might go up.

☆ Wall Street Week Ahead: Megacap earnings to test fledgling U.S. stock rebound
▼ + stars: | 2022-10-21 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Top stocks' market value as percentage of S&P 500The S&P 500 is up nearly 5% from its Oct 12 closing low for the year after posting its biggest weekly gain since late June. Even with stocks' latest rebound, the index has dropped 21% so far in 2022, on track for its biggest decline since 2008. Yields continued to rise this week, with the yield on the benchmark 10-year Treasury note hitting a fresh 14-year high. All four stocks command higher valuations than the S&P 500, which trades at nearly 16 times forward earnings estimates. The P/Es for Apple and Microsoft are both about 22 times, Alphabet trades at 17.5 times, while Amazon sits at 60 times, according to Refinitiv Datastream.

☆ Watch CNBC's full interview with BMO Wealth Management Chief Investment Strategist, Yung-Yu Ma
▼ + stars: | 2022-10-19 | 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 BMO Wealth Management Chief Investment Strategist, Yung-Yu MaBMO Wealth Management Chief Investment Strategist Yung-Yu Ma joins 'TechCheck' to discuss markets contending with a macro overhang, timing the tech inventory cycle and prospects for government spending on technology.

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