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☆ 2 recession indicators with perfect track records show the US just entered a downturn — opening the door for stocks to plummet as the Fed gets set to cut rates
▼ + stars: | 2024-08-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

AdvertisementSt. Louis FedDespite the Sahm Rule's impressive history, it is sometimes criticized because it fails to account for rising labor participation, which can raise the unemployment rate. In addition to downcast labor market data, the ISM Manufacturing Index fell further into contraction territory this week, signaling that US manufacturing continues to slow. The market's direction also depends on how investors interpret interest rate cuts alongside future data. Fed funds rate futures markets are now pricing in a 50-basis-point cut in September, according to the CME FedWatch Tool. AdvertisementHartnett and his team analyzed Fed rate-cutting cycles and identified three different types of rate cuts — cuts into a soft landing, cuts into a hard landing, and panic cuts, which are due to a credit event or some sort of Wall Street crisis.

Persons: —, Claudia Sahm —, Louis Fed, Piper Sandler, Tom Essaye, Jack McIntyre, Lara Castleton, Janus Henderson, Michael Kantrowitz, we've, Kantrowitz, Michael Hartnett, Hartnett Organizations: Service, Bureau of Labor Statistics, Business, Labor, Brandywine Global, ISM, Nasdaq, Fed, Janus, Janus Henderson Investors, Bank of America, Fund

☆ Get moving your way: 10 steps to your perfect mobility routine
▼ + stars: | 2024-07-19 | by ( Dana Santas | ) edition.cnn.com time to read: +8 min

The good news is that creating an effective, personalized mobility routine can be simple and time efficient. Assess your current mobilityTo create a personalized mobility routine, it’s crucial to understand how you currently move. A personalized mobility routine can serve as the ideal warmup before any other regular exercise program such as strength training, according to mobility coach Dana Santas. Tip: Your personalized mobility routine can serve as the perfect warmup before any other regular exercise program, such as strength training or cardiovascular activities. By following these 10 steps, you can design a personalized mobility routine that fits your lifestyle, addresses your unique needs and helps you achieve lasting results.

Persons: Dana Santas, you’re, Aaron Lockwood, ” Organizations: Pain, CNN, CNN’s

☆ Investors are the most bullish since November 2021, a widely followed survey shows
▼ + stars: | 2024-06-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors are the most bullish they've been since November 2021, according to the global fund manager survey (FMS) released Tuesday from Bank of America Securities. Halfway through 2024, the S & P 500 and the Nasdaq Composite are each at records , on Monday closing once again at all-time highs. .SPX YTD mountain S & P 500 in 2024. In November 2021 — the last time Wall Street was this bullish — the S & P 500 capped off a strong year, advancing more than 26%. 1 risk on investors' minds (according to 32% of investors, down from 41% in May), followed by geopolitics (22%, up from 18%), and the U.S. presidential election (16%, up from 9%).

Persons: they've, Michael Hartnett Organizations: Investors, Bank of America Securities, Nasdaq, Bank of America, Federal Reserve, U.S, CNBC

☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Investors are the most bullish since early 2022 and 'all-in' on tech, says Bank of America survey
▼ + stars: | 2024-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Meanwhile, investors have cut their cash levels to 4.2% from 4.8%, the survey said. "Most bullish FMS in 2 years ... investors go all-in on U.S. tech," Hartnett wrote in a note to clients. For the first time since April 2022, investors became confident enough to predict that the U.S. economy would skirt a recession, the BofA survey showed. The proprietary indicator gauges when inflows or outflows related to stock-based funds point to investors moving too far to either side. Hartnett highlighted a few contrarian trades for a hard landing scenario, which includes going long cash and defensive stocks, and short technology companies.

Persons: Michael Hartnett, Hartnett Organizations: Bank of America, Manager Survey, FMS Locations: U.S

☆ Leaked email outlines Amazon's big plans for 'AGI,' the AI tech all of Silicon Valley is chasing
▼ + stars: | 2023-11-21 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

"I am very proud of what this organization has already delivered for Alexa and AGI," Prasad added. Amazon's AGI team wasn't launched in response to this drama. The change also follows last week's job cuts within the AGI team, as BI previously reported . The cuts were part of a broader layoff that primarily affected Amazon's Alexa team. These are the six new teams formed within the AGI unit, as per the internal email:• AGI Product: defines AGI services and engages with internal customer teams to ensure end-to-end success.

Persons: Amazon's, Rohit Prasad, Prasad, Sam Altman, that's, Altman wasn't, didn't, wasn't, Andy Jassy, AGI, It's, • Organizations: Alexa, Devices, Business, Microsoft, Google, AGI, Amazon, TV

☆ Investors are the most overweight bonds in 14 years, expecting rates to decline, survey shows
▼ + stars: | 2023-11-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Professional investors are flocking to bonds in a stampede not seen since the end of the financial crisis, according to the latest Bank of America Global Fund Manager Survey. "The big change in the November FMS was not the macro outlook, but rather the conviction in lower inflation, rates, and yields," Bank of America investment strategist Michael Hartnett wrote in a summary of the results. The move was "evidenced by the 3rd largest overweight in bonds in the last two decades (only in Mar'09 and Dec'08 were investors more overweight bonds)." Expectations for a bond reversal dominated the November survey, with a record 61% saying they expect lower yields over the next 12 months. The "investor playbook for 2024 is soft landing, lower rates, weaker US$, large cap tech and pharma bull continues, avoid China and leverage," Hartnett said.

Persons: Michael Hartnett, playbook, Hartnett Organizations: Bank of America Global Fund, Survey, Wall Street, Bank of America, Mar, Federal Reserve, pharma Locations: China

☆ A widely followed Wall Street survey shows investors turning bearish again, raising cash levels
▼ + stars: | 2023-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Professional investors are turning more bearish again amid the current macro backdrop, according to a closely watched Wall Street survey from Bank of America. The bank's Global Fund Manager survey showed investors have upped their cash levels and are maintaining a pessimistic outlook on growth and the economy. Specifically, strategist Michael Hartnett said the cash allocation among those surveyed increased to 5.3% from 4.9%, while staying neutral on stocks. "1 out of 4 [fund manager survey] investors expect that there will be no recession in the next 18 months," Hartnett said. A record number of respondents also indicated that monetary policy remains too tight, while fiscal policy is too easy.

Persons: Michael Hartnett, Hartnett, —, — CNBC's Michael Bloom Organizations: Bank of America, Global, Reserve

☆ US approves first-ever military aid to Taiwan through program typically used for sovereign nations
▼ + stars: | 2023-08-30 | by ( Kylie Atwood | ) edition.cnn.com time to read: +2 min

CNN —The Biden administration has approved funding for the first-ever transfer of US military equipment to Taiwan under a program typically saved for sovereign nations, according to a notification sent to Congress on Tuesday. The package – which is part of the State Department’s foreign military financing (FMF) program – totals $80 million and will be paid for by US taxpayers. The US has sold weapons to Taiwan in the past through a separate program called Foreign Military Sales (FMS). The FMF program will provide grant assistance, paid for by US taxpayers, to Taiwan in order to make those purchases. “I am glad the administration is further implementing our bipartisan Taiwan Enhanced Resilience Act by finally providing FMF to Taiwan.

Persons: CNN —, Biden, “, Michael McCaul, ” McCaul Organizations: CNN, State, State Department, Taiwan Relations Act, US, Pentagon, Foreign, Taiwan Enhanced Locations: Taiwan, China, United States, Taiwan Strait

☆ Bounce in European property stocks: false start or turning point?
▼ + stars: | 2023-08-24 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

MILAN, Aug 24 (Reuters) - It's hard to be bullish about real estate in an environment of sharply higher interest rates. Two years of steep falls have made European property a short-seller favourite as sector valuations and investor positioning plunged to levels last seen during the 2008 global financial crisis. A gauge of European real estate shares (.SX86P) has halved in value to about $131 billion since 2021, but the mood shifted in July as earnings expectations improved. "Things aren't great for real estate companies and that's why they are trading at a huge discount. Meanwhile, BlackRock's iShares European Property ETF (IPRP.L) has seen a 10% surge in inflows from late February, according to data on its website.

Persons: Gerry Fowler, Zsolt Kohalmi, BlackRock's, Natixis, Banks, Charles de Boissezon, Kohalmi, UBS's Fowler, Danilo Masoni, Sinead Cruise, Elaine Hardcastle Organizations: MILAN, European Equity, UBS, European Central Bank, Pictet, Advisors, P Global Market Intelligence, Property, Bank of, Societe Generale, Equity, Thomson Locations: Europe, London, U.S

☆ Bank of America survey signals investors are overconfident and stocks' ‘strong tailwind’ is over
▼ + stars: | 2023-08-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

"Bear positioning strong tailwind for risk assets in H1…not the case in H2," Hartnett wrote in a summary of the closely watched survey. Cash allocations have dropped to 4.8% of portfolios, below the 5% dividing line that has traditionally been a buy signal. Even if there is a recession, managers expect it to be mild, with 65% expecting a "soft landing." Allocation to stocks is the least underweight as a share of portfolios since April 2022 and up 13 percentage points from July. The survey was taken Aug. 4-10 and entailed 247 panelists with $635 billion in assets under management.

Persons: Michael Hartnett, Hartnett, REITs, Lehman Organizations: Bank of America, Survey, FMS

☆ Investor pessimism is reaching extremes, and that may be good for markets
▼ + stars: | 2023-03-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The monthly Bank of America Global Fund Manager Survey shows "investor sentiment close to levels of pessimism seen at lows of past 20 years," according to the survey. This pessimism is consistent with other investor sentiment surveys. The weekly AAII Investor Sentiment Survey, out last Thursday, was at a 6-month low for bullish sentiment and close to the levels of last September, which were near historic lows. Two rules about sentiment indicators: 1) they are contrarian indicators, and 2) they are most useful when the readings are at extremes (as they are now). The firm also noted that other sentiment indicators (money flows, private clients' asset allocation) are not yet in "capitulation" territory.

At a joint news conference with his Turkish counterpart, Egyptian Foreign Minister Sameh Shoukry said talks with Turkey on the possibility of restoring ties to ambassadorial level would happen at "the appropriate time". Turkish Foreign Minister Mevlut Cavusoglu said Turkey would upgrade its diplomatic relations with Egypt to ambassador level "as soon as possible". "There is a political will and directives from the presidents of both countries when they met in Doha ... to launch the path towards a full normalisation of relations," Shoukry said. Consultations between senior foreign ministry officials in Ankara and Cairo began in 2021, amid a push by Turkey to ease tensions with Egypt, the UAE, Israel and Saudi Arabia. As part of that tentative reconciliation, Ankara asked Egyptian opposition TV channels operating in Turkey to moderate their criticism of Egypt.

☆ Recession fears have peaked, which historically has been a great sign for stocks, BofA survey shows
▼ + stars: | 2023-01-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Professional investors are growing less pessimistic about the economy, which could mean good things for stocks. "Prior peaks in recession fear were big turning points in asset prices," wrote Michael Hartnett, Bank of America's chief investment strategist. In fact, a net 50% of respondents to the BofA survey say they see a slowing global economy over the next 12 months. That, too, is a potentially good sign for markets, as it represents an improvement from the peak of economic fears. "As with 'recession fear' ... asset prices have inflected higher whenever monetary policy was seen as restrictive in the past 20 years."

☆ Investor survey signals start of "policy capitulation" - BofA
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MILAN, Oct 18 (Reuters) - Investors raised cash levels further in October as sentiment towards the economic outlook remained close to max bearishness, the latest global fund manager survey (FMS) by BofA showed on Tuesday, although expectations of a policy pivot grew. "FMS screams macro capitulation, investor capitulation, start of policy capitulation," BofA said in the survey. The share of investors anticipating lower short-term rates in the next 12 months doubled to 28% in October from 14% in September and versus only 5% in March, it said. BofA polled 371 panelists overseeing $1.1 trillion in assets between October 7 and October 13. Register now for FREE unlimited access to Reuters.com RegisterReporting by Danilo Masoni, editing by Alun JohnOur Standards: The Thomson Reuters Trust Principles.

☆ Ассоциированное трио обсудило с европейскими чиновниками «интеграцию во внутренний рынок ЕС» – Цензура МД
▼ + stars: | 2021-06-24 | by ( ) cenzura.md time to read: +1 min

А также заинтересованность в углублении экономической интеграции во внутренний рынок ЕС». Excellent exchange with FMs of Moldova, Georgia & Ukraine on enhancing cooperation & dialogue within #EasternPartnership. The balance of inclusivity & differentiation helps us to build links between the EU and our partners, and among the partners themselves. #StrongerTogether pic.twitter.com/KZOdVPi7eP — Josep Borrell Fontelles (@JosepBorrellF) June 24, 2021Аурелиу Чокой подчеркнул заинтересованность Республики Молдова в расширении ассортимента товаров, экспортируемых на рынок ЕС, в том числе товаров животного происхождения и промышленных товаров. Комиссар Валдис Домбровскис подтвердил готовность к тесному сотрудничеству с Ассоциированным трио с точки зрения полного использования потенциала Углублённой и всеобъемлющей зоны свободной торговли (DCFTA), а также продвижения других сфер экономической и отраслевой интеграции.

Persons: KZOdVPi7eP — Josep Borrell Fontelles, Жозепом Боррелем, Валдис ДомбровскисВрио, Аурелиу Чокой, Дмитрий Кулеба, Давид Залкалиани, Валдис Домбровскис Organizations: EU, Ассоциированное, Европейский комиссар по вопросам евро и социальный Locations: Moldova, Georgia, Ukraine, ЕС, Молдова, Грузия, Украина, Республика Молдова

☆ România și alte 12 țări UE au trimis un demers Înaltului Reprezentant și Comisiei Europene prin care solicită accesul țărilor Parteneriatului Estic la vaccinul anti-COVID-19
▼ + stars: | 2021-01-06 | by ( Diana Severin | ) www.zdg.md time to read: +2 min

Scrisoarea a fost trimisă și comisarului pentru sănătate și siguranță alimentară, precum și comisarului pentru politică europeană de vecinătate și negocieri de extindere. În evaluarea co-semnatarilor scrisorii, inițiativa va ajuta în mod direct milioane de cetățeni ai statelor partenere din cadrul PaE și, implicit, va spori siguranța sanitară în interiorul UE. Scrisoarea adresată de cei 13 miniștri de externe vine și în contextul în care România, prin vocea președintelui Klaus Iohannis, a anunțat că va dona până la 200.000 de doze vaccin anti-COVID-19. Lansat cu ocazia Summit-ului de la Praga, la 7 mai 2009, Parteneriatul Estic reprezintă o dimensiune specifică a Politicii Europene de Vecinătate, vizând extinderea ariei de prosperitate și securitate în Vecinătatea Estică a UE, în baza unui set comun de valori și a convergenței treptate a politicilor. Din perspectiva interesului strategic pentru Vecinătatea Estică, Uniunea Europeană a propus Parteneriatul Estic drept cadru special de cooperare cu șase state din această zonă: Armenia, Azerbaidjan, Belarus, Georgia, Republica Moldova şi Ucraina.

Persons: Bogdan Aurescu, Josep Borrell Organizations: Afaceri, Europene, Uniunii Europene, Estic Locations: Bulgaria, Croația, Estonia, Lituania, Suedia, Cehia, Danemarca, Finlanda, Letonia, Ungaria, Polonia, Slovacia, Balcanii de Vest, Praga, UE

☆ Moldovenii pot verifica pe internet dacă au sau nu interdicție de a intra pe teritoriul Rusiei
▼ + stars: | 2013-12-05 | by ( Strelciuc Dionis | ) www.basarabia.md time to read: +1 min

Cetățenii Republicii Moldova care preconizează să viziteze Federația Rusă, pot verifica pe internet dacă au sau nu interdicție de a călca pe pământ rusesc. Astfel, începând cu această perioadă, Serviciul Federal de Migrație al Rusiei a pus la dispoziție un site unde printr-o metodă ușoară și eficientă poate fi consultat statutul de cetățean străin, pentru Federație. Pe site-ul services.fms.gov.ru trebuie completat un chestionar, în care se vor conține numele, prenumele, patronimicul, genul, data naşterii, cetăţenia, tipul actului de identitate, numărul actului de identitate, valabilitatea actului și ţara unde a fost eliberat acesta. Mai mult decât atât, străinii care nu au dreptul să viziteze Rusia, vor fi transportați înapoi cu vehicule de cursă lungă, contractate de oficialitățile de acolo. Potrivit ultimelor date oficiale, în Rusia trăiesc și muncesc peste 206 mii de moldoveni.

Organizations: NEXUS Locations: Moldova, Federația Rusă, Rusiei, Rusia

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