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☆ The Fed hiked rates further but Wall Street is already pointing to tighter conditions on the ground
▼ + stars: | 2023-03-23 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.

☆ This Fed still has a bias toward hiking but I'm not sure it's necessary, says JPM's Pandit
▼ + stars: | 2023-03-22 | 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 EmailThis Fed still has a bias toward hiking but I'm not sure it's necessary, says JPM's PanditJPMorgan Asset Management's Meera Pandit joins 'Closing Bell' to discuss today's Fed rate hike and how it could impact the markets down the road.

☆ The stock market is going to be trading flat as long as risk-free assets offer much more yield
▼ + stars: | 2023-03-20 | by ( Max Adams | ) www.businessinsider.com time to read: +6 min

Meanwhile, markets are still reeling from the SVB fiasco, but there's a simpler reason why the stock market is going to be trading flat for the foreseeable future. Banking turmoil aside, the stock market doesn't have much momentum as long as investors are getting much higher yields on risk-free assets. Even before Silicon Valley Bank crashed, investors were feeling the pain of a volatile stock market. What's your prediction for the stock market through the first half of this year? Zurich-listed shares of Credit Suisse are down more than 58% early Monday.

☆ Bank rescues ease crisis fears, investors still wary
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +3 min

COMMENTS:KERRY CRAIG, SENIOR STRATEGIST, JPMORGAN ASSET MANAGEMENT"It has been a week of ups and downs for the equity market this week. Then they will take it away gradually and the bank will play out a slow death." ZHIKAI CHEN, HEAD OF ASIA EQUTIES, BNP PARIBAS ASSET MANAGEMENT"The $30 billion deposit injection into First Republic overnight was novel and creative. Its new facility taking eligible securities at par removes the mark to market spiral risk to meet deposits. That said, markets are now suggesting rates hikes may be nearing an end, while inflation continues to rollover."

☆ 4 steps the Fed needs to take to calm markets after the Silicon Valley Bank collapse, and what investors should remember amid the chaos, according to JPMorgan's chief strategist
▼ + stars: | 2023-03-17 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

The Fed needs to stop raising interest rates now, says David Kelly of JPMorgan Asset Management. Step one: don't hike interest rates any more. "You just pause on interest rates and you say that we're making good progress on inflation," he said. "What you need to do in the long run is have a very steady level of interest rates," he said. He explained that interest rates do a bad job controlling demand and end up creating bubbles and economic problems.

☆ Watch CNBC's full interview with Ironsides' Barry Knapp and JPM's Gabriela Santos
▼ + stars: | 2023-03-17 | 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 Ironsides' Barry Knapp and JPM's Gabriela SantosBarry Knapp, managing partner and director of research at Ironsides Macroeconomics, and Gabriela Santos, global market strategist at JPMorgan Asset Management, join 'Squawk Box' to discuss bank failure, buying bonds, and the Fed's inflation approach going forward.

☆ Raising rates further would be a monstrous decision by the Fed, says Ironsides' Barry Knapp
▼ + stars: | 2023-03-17 | 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 EmailRaising rates further would be a monstrous decision by the Fed, says Ironsides' Barry KnappBarry Knapp, managing partner and director of research at Ironsides Macroeconomics, and Gabriela Santos, global market strategist at JPMorgan Asset Management, join 'Squawk Box' to discuss bank failure, buying bonds, and the Fed's inflation approach going forward.

☆ Credit Suisse is just the 'tip of the iceberg' as banking turmoil snarls financial markets, JPMorgan Asset Management investment chief says
▼ + stars: | 2023-03-15 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

JPMorgan Asset Management's CIO predicts more pain ahead for the banking sector and the economy. Turmoil at Credit Suisse is just the "tip of the iceberg," JPMorgan's Bob Michele told Bloomberg. I think this is the tip of the iceberg," Bob Michele said on Bloomberg TV Wednesday. Credit Suisse shares shed as much as 30% on Wednesday as waning investor confidence in the bank ws sparked by one of the bank's largest shareholders stating that it would not lend any further financial support. Shares of Credit Suisse endured their largest single-day selloff Wednesday.

☆ SVB collapse could add to China stock investors' anxiety
▼ + stars: | 2023-03-12 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

SHANGHAI, March 12 (Reuters) - China stock investors, already disillusioned by Beijing's lower-than-expected economic growth target for the year, will be further disheartened by the shock collapse of U.S. lender SVB Financial Group, market participants said. The market mood could be damped further following Friday's sudden collapse of start-up focused lender SVB (SIVB.O), which stirred heated discussion over the weekend in China about its fallout. But many Chinese tech start-ups, especially those with dollar funding, have opened U.S. accounts at SVB. He is cautious about tech stocks that could be impacted by US-China frictions. Still, domestic A-shares will likely outperform offshore China stocks, which are more vulnerable to potential spillover from the SVB collapse, analysts say.

☆ How an ETF with an 11% yield shows a growing use case for active strategies
▼ + stars: | 2023-03-08 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

The JPMorgan Premium Equity ETF (JEPI) has a 12-month rolling dividend yield over 11%, and its 30-day SEC yield was just under that mark as of the end of February. The biggest funds in the market track indexes, like the S & P 500, and give investors market returns minus fees. But 2022 was a surprisingly good year for active managers , and active ETFs gained some share against their passive counterparts. The JPMorgan Ultra-Short Income ETF (JPST) has also been popular this year, with $1 billion of inflows and a 30-day SEC yield above 4%. Among the firm's smaller active fixed income funds, the Core Plus Bond ETF (JCPB) has a roughly similar yield, while the Income ETF (JPIE) yields above 6%.

☆ Asian stocks slip on weak China trade data, focus shifts to Powell
▼ + stars: | 2023-03-07 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

Data on Tuesday showed China's exports and imports both fell sharply in January-February, reflecting a slowdown in the global economy and weak domestic demand. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.3%, although the index is up 2.9% so far this month. Beyond China, investor focus remains on the U.S. interest rate outlook and what Powell may say. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.88% compared with a U.S. close of 4.894%. In early European trade, the pan-region Euro Stoxx 50 futures were up 0.12%, German DAX futures rose 0.11% at and FTSE futures were 0.23% higher.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat after U.S. stocks ended the previous session with mild gains. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.8945% compared with a U.S. close of 4.894%. Australian shares (.AXJO) were 0.1% lower after being down 0.3% earlier in the session, while Japan's Nikkei stock index (.N225) rose 0.5%. "In the next couple of days the congressional testimony will be critical for markets. Investors have repriced what they think the Fed will do with interest rates in March and into the second quarter," said Tai Hui, JPMorgan Asset Management's chief Asian market strategist.

☆ A no landing is not a steady state, the Fed will not tolerate inflation, says JPM's Gabriela Santos
▼ + stars: | 2023-03-07 | 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 EmailA no landing is not a steady state, the Fed will not tolerate inflation, says JPM's Gabriela SantosGabriela Santos, JPMorgan Asset Management global market strategist, joins 'Closing Bell' to discuss Asia investment strategies, regulatory struggles associated with China and Chinese consumers' luxury spending practices.

☆ Companies could lower grocery store prices if the US passed immigration reform, says a major food CEO: 'It's a crisis out here in terms of labor availability'
▼ + stars: | 2023-03-01 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Land O'Lakes CEO Beth Ford told Time that allowing more immigration would help ease costs in the stretched industry. One food CEO is pointing to an untapped pool of people who could help businesses ease their labor shortage and lower prices for Americans: immigrants. To get some immigration reform," Beth Ford, the head of Land O'Lakes, a massive supplier of dairy goods, told Time's John Simons. It's a crisis out here in terms of labor availability." Amid labor shortage problems, Ford said that it's important to keep in mind that the demand for food is only growing.

☆ Horizon Investments CIO: Might have a rockier path to disinflation than the market's pricing
▼ + stars: | 2023-02-27 | 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 EmailHorizon Investments CIO: Might have a rockier path to disinflation than the market's pricingKelsey Berro, JPMorgan Asset Management fixed income portfolio manager, and Scott Ladner, chief investment officer at Horizon Investments, join 'Squawk Box' to discuss last week's stock performance, how the inflation data changed the equation, and more.

☆ Market hasn't priced in a high terminal rate, says Wealth Enhancement Group's Nicole Webb
▼ + stars: | 2023-02-27 | 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 EmailMarket hasn't priced in a high terminal rate, says Wealth Enhancement Group's Nicole WebbVictoria Greene of G Squared Private Wealth, Meera Pandit of JPMorgan Asset Management, and Nicole Webb of Wealth Enhancement Group join 'Closing Bell' to discuss market forecast for 2023, market response to Fed rate policy, and opportunities in the bond market.

☆ Why the 2023 stock market rally may be over already
▼ + stars: | 2023-02-27 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN —So much for that big stock market comeback this year. At one point in mid-January, the average of 30 blue chips was up nearly 4% in 2023. It’s harder to justify more expensive valuations for the market in an environment where higher interest rates will likely eat into profits. He speculated that if inflation doesn’t cool off soon, the Fed may need to keep raising rates all the way up to 6%. “If there is a recession, profits will likely fall sharply.”Still, Kelly is cautiously optimistic that 2024 and beyond will be better years for earnings, and therefore stocks.

☆ Asia equities fall on fear of hawkish central bank hikes
▼ + stars: | 2023-02-22 | by ( Selena Li | ) www.reuters.com time to read: +2 min

"It concerns the market that central banks will have to hike rates a lot more to curb inflation," said Kerry Craig, JPMorgan Asset Management's global market strategist. New Zealand's central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75% on Wednesday. read moreThe central bank said it expected to keep tightening further to ensure inflation returned to its target range over the medium term. Japan's Nikkei share index (.N225) fell 1.25% on Wednesday following a Tuesday PMI report showing the factory sector had contracted. The dollar index fell 0.077%, but analyst expect interest rate rises to lift the dollar, hurting emerging market equities, which benefited from a falling dollar.

☆ Stock market won't retest October lows, says Sanctuary Wealth's Mary Ann Bartels
▼ + stars: | 2023-02-22 | 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 EmailStock market won't retest October lows, says Sanctuary Wealth's Mary Ann BartelsJack Caffrey, JPMorgan Asset Management equity portfolio manager, and Mary Ann Bartels, Sanctuary Wealth chief investment strategist, joins 'Squawk Box' to discuss Bartels thoughts on equities, how to value stocks in 2023, and whether there were storm clouds in Home Depot's earnings report.

☆ Watch CNBC's full interview with Sanctuary Wealth's Mary Ann Bartels and JPMorgan's Jack Caffrey
▼ + stars: | 2023-02-22 | 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 EmailWatch CNBC's full interview with Sanctuary Wealth's Mary Ann Bartels and JPMorgan's Jack CaffreyJack Caffrey, JPMorgan Asset Management equity portfolio manager, and Mary Ann Bartels, Sanctuary Wealth chief investment strategist, join 'Squawk Box' to discuss Bartels' thoughts on equities, how to value stocks in 2023, and whether there were storm clouds in Home Depot's earnings report.

☆ The stock market is a little too optimistic about where we go from here, says JPM's Meera Pandit
▼ + stars: | 2023-02-16 | 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 EmailThe stock market is a little too optimistic about where we go from here, says JPM's Meera PanditJPMorgan Asset Management's Meera Pandit joins 'Closing Bell: Overtime' to discuss why she sees red flags ahead for stocks and believes the U.S. is headed for a recession.

☆ Watch CNBC's full interview with JPMorgan's Meera Pandit
▼ + stars: | 2023-02-16 | 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 JPMorgan's Meera PanditJPMorgan Asset Management's Meera Pandit joins 'Closing Bell: Overtime' to discuss why she sees red flags ahead for stocks and believes the U.S. is headed for a recession.

☆ The US economy needs immigrants. A rising share of both Democrats and Republicans don't want them.
▼ + stars: | 2023-02-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

But a growing share of both Democrats and Republicans wants less immigration. This sentiment could be in response to the rise of migrants at the southern border in recent years. But a rising share of both Democrats and Republicans want the country to reduce immigration. After plummeting during 2020 due to the pandemic, the US Border Patrol reported a record-high nearly 1.7 million encounters with migrants at the US-Mexico border in 2021. Last year, a new record was set with over 2 million encounters.

☆ US stocks end mixed after volatile session as indexes notch weekly losses
▼ + stars: | 2023-02-10 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

US stocks closed mixed on Friday after a volatile trading session amid weak earnings reports. The S&P 500 suffered its first weekly loss in three weeks and notched its worst one-week decline since December. But the Nasdaq led the weekly sell-off with a drop of more than 2%. The S&P 500 suffered its first weekly loss in three weeks and notched its worst one-week decline since December. Trading on Friday began in the red amid some weak earnings reports.

U.S. and European equity markets were mixed to lower, with the euro and pound lower against the dollar. The broad pan-European STOXX 600 index (.STOXX) was up 0.04% and MSCI's gauge of global stock performance (.MIWD00000PUS) shed 0.12%. "What's been really important is that the market sees a lower likelihood of rate cuts by the end of the year." Asian stocks stabilized overnight after they, like most global share markets, suffered steep losses following that U.S jobs data. "Sentiment in markets is dominated by central banks and the repricing of rates yet again," Kerry Craig, JPMorgan Asset Management's global market strategist, said.

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