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Megacap technology and growth stocks, which benefit from lower interest rates, have led the market's advance. A Congressional package raising the debt ceiling, meanwhile, is expected to cap spending on government programs. The debt ceiling impasse had weighed on stocks in recent days, but for the most part investors had been expecting Washington to reach a deal. At the same time, the equity market has only just begun to start pricing in more Fed hikes, she added. "The ongoing effects of monetary policy now are setting us up for this wall of debt that people aren't talking about with enough vigor," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with iCapital’s Anastasia Amoroso and John Hancock’s Emily RolandiCapital’s Anastasia Amoroso and John Hancock’s Emily Roland, join 'Closing Bell' to discuss the looming debt ceiling and the impact on stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohn Hancock’s Emily Roland says, embrace bonds and fixed incomeiCapital’s Anastasia Amoroso and John Hancock’s Emily Roland, join 'Closing Bell' to discuss the looming debt ceiling and the impact on stocks.
This article is part of our Museums special section about how art institutions are reaching out to new artists and attracting new audiences. At the Queens Museum, they’re getting ready for a show. A gaggle of curatorial staffers gathers around an iPad on a worktable. “I’m so excited.”Although Ms. Nisenbaum is an accomplished artist — her works have been exhibited in the Tate Liverpool, and the Minneapolis Institute of Art, among others — this is a show that, at other institutions, might never have happened. Ms. Nisenbaum, a native of Mexico who now lives in New York, is an artist in residence at the Queens Museum.
Following recent bank failures and ongoing market volatility, it may be tempting to try to time the market. Because time in the market has shown to be more important than timing the market. But despite the fund's impressive performance, the typical shareholder lost 2.86% a year over that period, Morningstar found. In my view, it has to do with when investors buy and sell. When investors buy after a strong run of performance, they are investing when a fund is relatively expensive.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe equity market is defying gravity right now, says John Hancock's Emily RolandEmily Roland, Co-Chief Investment Strategist at John Hancock Investment Management, joins 'Squawk Box' to discuss how the market is bracing for key inflation and corporate results this week.
The 2-year Treasury yield has been swinging sharply and "acting like a meme stock," a top strategist at John Hancock said on Tuesday. The inverted yield curve is telling the Fed it's making a mistake by not cutting interest rates, said strategist Emily Roland. "When the two-year Treasury yield is acting like a meme stock there's a lot of uncertainty here around Fed policy," she added. But the 2-year yield — moving around 4% on Tuesday — has been on a roller coaster since early March. The 2-year yield at 4% was higher than the 10-year yield at 3.43% on Tuesday, creating an inverted yield curve widely seen as signaling an oncoming recession.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNewEdge's Cameron Dawson and John Hancock's Emily Roland break down Monday's market actionCameron Dawson, NewEdge Wealth chief investment officer, and Emily Roland of John Hancock Investment Management, join 'Closing Bell' to discuss the outlook ahead for the second quarter of 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBetter balance sheet companies, earnings stability and high ROE are pockets of opportunity: John Hancock strategistMatthew Miskin, co-chief investment strategist at John Hancock Investment Management, joins 'Closing Bell' to discuss where investors could find opportunities in the market and why he thinks growing estimates for financials, industrials and consumer discretionary are too high for 2023.
[1/3] The Charging Bull, or Wall Street Bull, is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. “The no landing scenario has quickly evaporated,” said Emily Roland, co-chief investment strategist at John Hancock Asset Management. A financial accident has happened, and we are going from no landing to a hard landing driven by tighter credit conditions,” he wrote in a Wednesday note. Some investors believe regulators' quick backstop of Silicon Valley Bank, which included guaranteeing the funds of depositors, will prevent a crisis and allow for a soft landing. “The odds of a soft landing have gone down and the likelihood of a hard landing has gone up,” he said.
Among the big tech stocks, Apple Inc (AAPL.O) has fallen 1.5% over that time, while Microsoft Corp (MSFT.O) climbed 3.4% and Intel Corp (INTC.O) rose over 7%. Large tech stocks generally screen well on "quality" metrics, such as balance sheet strength and profit margins, heightening their allure when economic uncertainty arises, said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management. Reuters GraphicsA swift tumble in Treasury yields is also helping boost tech stocks. Tech shares were pummeled in 2022 as the Federal Reserve's aggressive rate hikes drove up Treasury yields, hurting "long duration" assets such as tech stocks. The utilities sector (.SPLRCU) has climbed 1% since last Wednesday, consumer staples (.SPLRCS) has slipped 0.5%, while healthcare (.SPXHC) has dipped 1%.
Here's what the latest inflation data could mean for the markets
  + stars: | 2023-03-14 | 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 EmailHere's what the latest inflation data could mean for the marketsKrishna Guha, Evercore ISI vice chairman, and Emily Roland, co-chief investment strategist at John Hancock Investment Management, join 'Squawk on the Street' to discuss how much pressure the Fed has not to raise rates next week, Roland's thoughts on the Federal Reserve's next moves and more.
"Last year it was really easy to hide out in defensives," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. When compounded by the fact that some defensive stocks carry relatively expensive valuations, investors may avoid them even if the broader market sours. The S&P 500 was last up 3.7% in 2023, but had pulled back since posting its best January performance since 2019. However the sector's financial prospects this year are relatively weak; S&P 500 healthcare earnings are expected to fall 8.3% against a 1.7% increase for the overall S&P 500, according to Refinitiv IBES. Should concerns about recession spike, as they did last year, defensives could outperform again on a relative basis, according to investors.
"Last year it was really easy to hide out in defensives," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. When compounded by the fact that some defensive stocks carry relatively expensive valuations, investors may avoid them even if the broader market sours. The S&P 500 was last up 3.7% in 2023, but had pulled back since posting its best January performance since 2019. However the sector's financial prospects this year are relatively weak; S&P 500 healthcare earnings are expected to fall 8.3% against a 1.7% increase for the overall S&P 500, according to Refinitiv IBES. Should concerns about recession spike, as they did last year, defensives could outperform again on a relative basis, according to investors.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOnshoring is a secular trend that benefits U.S. mid cap industrials, says John Hancock's Emily RolandEmily Roland of John Hancock Investment Management and Charlie Bobrinskoy, vice chairman and head of investment group at Ariel Investments, join 'The Exchange' to discuss Fed policy expectations, recession risks and industrial mid-caps benefiting from secular trends.
January CPI accelerates, but trend easing
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: +9 min
Data for December was revised higher to show the CPI gaining 0.1% instead of the 0.1% fall as previously reported. “It's not going to necessarily influence the Federal Reserve one way or another. "You have a little bit of a negative reaction because these numbers are not going to take the pressure off the Federal Reserve. "The real issue is what is the Federal Reserve going to do, it's pretty widely expected that they're going to raise rates both at their March meeting as well as their May meeting. "There's not much there for the Federal Reserve to give them some sort of a justification for taking their foot off the brake and reducing interest rates."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with New York Life Investments' Lauren Goodwin, iCapital’s Anastasia Amoroso and John Hancock’s Emily RolandNew York Life Investments' Lauren Goodwin, iCapital’s Anastasia Amoroso and John Hancock’s Emily Roland join 'Closing Bell: Overtime' to discuss the Fed, tomorrow's CPI report and what it means for markets.
Watch CNBC's full interview with John Hancock's Emily Roland
  + stars: | 2023-02-09 | 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 EmailWatch CNBC's full interview with John Hancock's Emily RolandEmily Roland, co-chief investment strategist at John Hancock Investment Management, joins 'Squawk Box' to discuss how investors should treat a narrowing probability of a soft landing, managing risk in this environment, and more.
Soft landing path is narrowing, says John Hancock's Emily Roland
  + stars: | 2023-02-09 | 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 EmailSoft landing path is narrowing, says John Hancock's Emily RolandEmily Roland, co-chief investment strategist at John Hancock Investment Management, joins 'Squawk Box' to discuss how investors should treat a narrowing probability of a soft landing, managing risk in this environment, and more.
The S&P 500 energy sector (.SPNY) is up 4.2% year-to-date, slightly lagging the rise for the broader index (.SPX). Goldman Sachs, RBC Capital Markets and UBS Global Wealth Management are among the Wall Street firms recommending energy stocks. He said he is slightly overweight the energy sector, including shares of Chevron and Pioneer Natural Resources (PXD.N). But earnings are expected to decline 15% this year, the biggest drop among the 11 S&P 500 sectors. Energy companies executed $22 billion in share buybacks in the third quarter, just over 10% of all S&P 500 buybacks.
The S&P 500 energy sector (.SPNY) is up 4.2% year-to-date, slightly lagging the rise for the broader index (.SPX). Goldman Sachs, RBC Capital Markets and UBS Global Wealth Management are among the Wall Street firms recommending energy stocks. He said he is slightly overweight the energy sector, including shares of Chevron and Pioneer Natural Resources (PXD.N). But earnings are expected to decline 15% this year, the biggest drop among the 11 S&P 500 sectors. Energy companies executed $22 billion in share buybacks in the third quarter, just over 10% of all S&P 500 buybacks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop-line revenue growth saved the day for earnings in 2022, says John Hancock's Emily RolandKeith Lerner of Truist Wealth and Emily Roland of John Hancock Investment Management join 'Closing Bell Overtime' to discuss stocks versus bonds, elevated earnings estimates and modest expectations for Q1 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial assets are fighting the Fed and winning, John Hancock's Emily RolandSeema Shah, chief global strategist at Principal Global Investors, and Emily Roland, co-chief investment strategist at John Hancock Investment Management, join 'Squawk Box' to discuss what they expect from Jerome Powell's upcoming comments and how the market will respond.
The S&P 500 tumbled 19.4% in 2022, as the Federal Reserve's aggressive rate hikes designed to tamp down 40-year high inflation punished asset prices. The market's 2022 slide cut the ratio of price to forward earnings estimates to around 17 from about 21.7 a year ago, according to Refinitiv Datastream. S&P 500 forward price-to-earnings ratio over timeValuations may still be too high if a recession comes to pass, as many on Wall Street expect. Combined with an expectation of weakening earnings estimates, that would lower the S&P 500 to 3,200, UBS said, roughly 16% below current levels. The 2022 surge in interest rates also could undermine stock valuations by making relatively safe assets like U.S. Treasuries more attractive alternatives.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market interview with Virtus' Joe Terranova, Truist’s Keith Lerner and John Hancock’s Emily RolandVirtus' Joe Terranova, Truist’s Keith Lerner and John Hancock’s Emily Roland join 'Closing Bell: Overtime' to discuss the likelihood of a soft landing and stocks closing near session highs.
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