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☆ Payrolls and wages blow past expectations, flying in the face of Fed rate hikes
▼ + stars: | 2022-12-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Job growth was much better than expected in November despite the Federal Reserve's aggressive efforts to slow the labor market and tackle inflation. Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday. The rate increases have brought the Fed's benchmark overnight borrowing rate to a target range of 3.75%-4%. "The labor market is hot, hot, hot, heaping pressure on the Fed to continue raising policy rates." "To be clear, strong wage growth is a good thing.

Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits amid investor concerns it was slow to adjust valuations as interest rate surged, a source close to the fund said. The development is yet another reminder of the risks facing not just sectors that are sensitive to higher interest rates but also broader financial markets, which have rallied sharply on hopes that interest rate hikes will slow. "REITS had a fantastic performance for a couple of months but when you have that outperformance, investors don't react to traditional fundamental signals such as rising rates," she said. But in recent weeks expectations have risen that the Fed will "pivot" from aggressive tightening, prompting investors to price in lower peak interest rates. Blackstone has reported a 9.3% year-to-date net return for the REIT, while the publicly traded Dow Jones U.S.

"While we have been cautious, there is an important shift going on with the COVID reopening." The protests were the strongest public defiance during Xi's political career, China analysts said. If protests were to continue, this would add to the risk premium, said Sean Taylor, chief investment officer for Asia-Pacific at DWS Group. Social discontent stemming from the zero-COVID policy added to risks in executing and implementing government policies, said Mark Haefele, global wealth management CIO at UBS in Zurich. We also view China’s sluggish recovery as a risk for the global economy and markets."

"Protests are a concern in the short-term," Seema Shah, chief strategist at $500 billion asset manager Principal Global Investors told Reuters, adding that latest events supported the view that winds were changing. "While we have been cautious, there is an important shift going on with the COVID reopening." If protests were to continue, this would add to the risk premium, said Sean Taylor, chief investment officer for Asia-Pacific at DWS Group. "We believe this divergence in view will drive an outperformance in A shares over H shares," Tang said. We also view China’s sluggish recovery as a risk for the global economy and markets."

☆ Shah: Earnings expectations will likely drop due to margin headwinds and a 2023 global recession
▼ + stars: | 2022-11-07 | 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 EmailShah: Earnings expectations will likely drop due to margin headwinds and a 2023 global recessionSeema Shah, Chief Global Strategist at Principal Asset Management, joins Worldwide Exchange to discuss her expectations for the markets going into 2023.

☆ The U.S. stock market hasn't bottomed yet, says strategist
▼ + stars: | 2022-11-01 | 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 EmailThe U.S. stock market hasn't bottomed yet, says strategistSeema Shah of Principal Asset Management says the U.S. stock market may rally in the fourth quarter, but in 2023, economic weakness will start to affect earnings and the market.

☆ The bear market blues: a diagnosis for our times
▼ + stars: | 2022-10-25 | by ( Alden Bentley | ) www.reuters.com time to read: +5 min

John Schott MD, a portfolio manager at The Colony Group, retired psychiatrist and a recognized expert on market psychology, coined the term Bear Market Depressive Syndrome (BMDS) in his 1998 book "Mind Over Money." After prolonged bull markets, investors tend to go into denial during bear markets. MARKET RISK FACTORS ALMOST UNPRECEDENTEDThe S&P 500 (.SPX) was down more than 27% year-to-date in mid-October. "That essentially moves the market at a faster pace than you would have seen in previous periods of market weakness." Negative sentiment readings indicate the market is running out of sellers, and are thus considered a bullish signal.

☆ The latest inflation report was the worst-case scenario for Biden, the Fed, and the stock market
▼ + stars: | 2022-10-14 | by ( Ben Winck | ) www.businessinsider.com time to read: +6 min

The White House could suffer ahead of midterms while Fed tightening could continue to affect stocks. But the September inflation report was crystal-clear in showing trouble ahead. For the stock market, the prospect of further Fed tightening is a major headwind with indexes already near 2022 lows. "Slowing growth yet rising inflation — the combination none of us, and least of all the Fed, want to see." Worse-than-expected inflation endangers Democrats' already-shaky election hopesThe Thursday report was the last opportunity for Democrats to win a surprise inflation cooldown they could campaign on through Election Day.

☆ Really believe in the UK as somewhere to place our money, strategist says
▼ + stars: | 2022-09-28 | 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 EmailReally believe in the UK as somewhere to place our money, strategist saysSeema Shah, global market strategist at Principal Global Investors, examines how to play the U.K. market as the government grapples with the worst cost of living crisis in decades.

☆ Sterling crumbles to all-time low, euro at 20-year low
▼ + stars: | 2022-09-26 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterBut it was sterling's slide that rippled across markets, down as much as 4.9% to an all-time low of $1.0327 . Sterling was also down 1% against the euro, having hit its lowest since September 2020 at 92.60 pence . The euro also touched a fresh 20-year trough at $0.9528 and was last down 0.5%. And the dollar index - where the basket includes sterling, the euro and the yen - reached 114.58 for the first time since May 2002, reflecting the greenback's broad strength. The risk-sensitive Australian dollar dropped to $0.64845, its lowest since May 2020, and the Canadian dollar touched 1.3638 to its U.S. counterpart, its weakest since July 2020.

An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008 file photograph. Yet the rapid rise in yields investors now receive for owning UK bonds hasn't helped sterling much. Pound slumps and UK borrowing costs surgePredicting the short-term direction of currencies is notoriously hard. Against the euro the pound is only at two-year lows, although it is down 3% since Friday. "People will look at the UK and think that that's not a market that is stable," said Payne at Janus Henderson.

☆ There’s a ‘very high likelihood’ of a growth recession as the Fed’s inflation fight ramps up, Powell says. It means the end of the Great Resignation and fewer raises at work.
▼ + stars: | 2022-09-21 | by ( Ben Winck | ) www.businessinsider.com time to read: +4 min

There's a 'very high likelihood' the US faces a period of below-trend growth, Fed Chair Jerome Powell said. There's a "very high likelihood" that the US faces a period of below-trend economic growth, Fed Chair Jerome Powell said in a Wednesday press conference. Subpar economic growth will bite into companies' growth forecasts and stock prices. Weakening the labor market is one of the aims of the Fed's tightening in the first place. There's only been "modest evidence" that the labor market is balancing out, the chair said.

☆ Investors want to own long-term Teasurys, says Richard Bernstein's Michael Contopoulos
▼ + stars: | 2022-09-19 | 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 EmailInvestors want to own long-term Teasurys, says Richard Bernstein's Michael ContopoulosSeema Shah, chief global strategist at Principal Global Investors, and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors, join CNBC's 'Squawk Box' to break down their investment strategies ahead of the market open.

☆ The Fed is fed up with inflation and it's going to unwind its pandemic aid sooner than planned
▼ + stars: | 2021-12-15 | by ( Ben Winck | ) www.businessinsider.com time to read: +5 min

"Inflation developments and the further improvement in the labor market" sparked the move, the Fed said. Fed officials signaled they'll raise interest rates three times in 2022 to cool inflation. In a Wednesday statement, it attributed this acceleration to "inflation developments and the further improvement in the labor market." Though Powell has maintained the surge will be transitory, faster tapering suggests the Fed will more aggressively fight inflation in 2022. Median forecasts from Fed officials see the benchmark rate climbing to 0.9% in 2022 from 0.1%, and higher still to 1.6% in 2023.

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