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☆ People aren't listening closely enough to the market's message: Renaissance Macro's deGraaf
▼ + stars: | 2023-04-10 | 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 EmailPeople aren't listening closely enough to the market's message: Renaissance Macro's deGraafJeff deGraaf, Renaissance Macro Research chairman, joins 'Squawk on the Street' to discuss the charts guiding deGraaf's investing thesis, deGraaf's thoughts on the healthcare sector and the current relationship between stocks and bonds.

☆ The charts of these under-the-radar health-care stocks look great, says top technical analyst
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Some under-the-radar health-care stocks are unlikely attractive picks, according to Renaissance Macro Research chairman Jeff deGraaf. "From a cyclical standpoint even within the health-care sector, they're starting to break out." DeGraaf listed Stryker , Bruker and Boston Scientific as "good looking, long-term charts" thanks to both their discretionary spend and chart cyclicality within the health-care space. BRKR YTD mountain Healthcare equipment stocks are some of the most attractive picks in the overall sector, according to Renaissance Macro Research chief Jeff DeGraaf. Health-care stocks are often touted as defensive investments during economic turmoil and recessions thanks to their predictable earnings and steady consumer growth.

☆ China's Alibaba to break up empire into six units as Jack Ma returns home
▼ + stars: | 2023-03-29 | by ( Josh Horwitz | ) www.reuters.com time to read: +5 min

Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group. Zhang will continue as chairman and CEO of Alibaba Group, which will follow a holding company management model, and also serve as CEO of Cloud Intelligence Group. The exception would be Taobao Tmall Commerce Group that handles China commerce businesses and will remain a wholly owned unit of Alibaba Group. Investors said the split signals the clearing of regulatory worries and allays concerns that Alibaba had lost the potential to grow. [1/2] The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021.

☆ Fed likely to hike interest rates despite bank stock turmoil: analyst
▼ + 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 EmailFed likely to hike interest rates despite bank stock turmoil as inflation pressures remain: analystBen Jones, director of macro research at Invesco, discusses expectations for the Federal Reserve's next interest rate policy changes following a tumultuous ride for bank stocks that prompted concerns about the stability of the financial system.

LONDON, March 17 (Reuters) - Hedge funds are watching growing U.S.-Chinese geopolitical tensions and have spotted ways to trade them. Taking a short position on investment grade bonds would make up for losses on long positions elsewhere, he said. If tensions were resolved, being caught with a negative view on Chinese stocks would not be beneficial, and therefore she would not short Chinese AI firms but invest in U.S. ones instead. "The most sensitive commodity to a break down in trade between China and Russia and the West is graphite," he added. "Supply chains are already shifting to Penang, and they are receiving investment from both China and the U.S.

In a major shake-up, China will set up the new regulatory body, the National Financial Regulatory Administration (NFRA), according to a proposal that the State Council, or cabinet, presented to parliament on Tuesday. The watchdog, which will oversee all aspects of China's $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say. There are also plans, sources have said, for the revival of another high-level financial watchdog which is expected to be directly under central party leadership. 'ENHANCING CENTRALISATION'In its reform proposals presented in parliament, the State Council said the changes were meant to "deepen reforming local financial regulatory systems" by "enhancing centralised management of financial affairs". Some investors, however, are concerned that the regulatory power reshuffle means tighter government control, which may bring more interference or crackdowns on financial activity, particularly in the private sector.

☆ Resilient stock market finds support at just the right time, preserving uptrend
▼ + stars: | 2023-03-04 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Did the "soft landing" occur six months ago, at least in market terms? The leadership profile speaks, perhaps, to an elongated economic and Fed tightening cycle and suggests where within a notably bifurcated market investors should migrate. For one thing, the stock market surely can be prone to misapprehending the next macro turn and can overshoot reality in the short term. BCA Research here shows the sobering harmony in the current market trajectory and that of the early-2000s post-tech-bubble bear market. We can note, though, that the S & P 500 back then never spent as much as a month above its 200-day moving average as it has this year.

☆ Awful Stock Market Analysts, Wall Street Economists Are Costing Investors Money
▼ + stars: | 2023-02-08 | by ( Neil Dutta | ) www.businessinsider.com time to read: +10 min

One type of data point to be wary of involves vehicles for confirmation, which use old data to confirm what an analyst already believes. The index is also revamped after every recession — given new weights and components so the new index perfectly signals the recession that just happened. Let's assume the ISM signals a turning point in the business cycle when it runs below 50 for three consecutive months. In a bull market, when rising stocks lift all boats, these analysts are still making money while arguing the downside just "hasn't happened yet." No single data point is a substitute for good judgment, which is the best leading indicator of all.

☆ Harvey Schwartz has his work cut out for him at Carlyle. Here's why.
▼ + stars: | 2023-02-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, a Wall Street firm finally finds its CEO. Harvey Schwartz Goldman Sachs1. In many ways, Carlyle and Harvey Schwartz are perfectly imperfect for each other. Might as well call it "Carefree Carlyle," because that's the vibes I'm getting under the soon-to-be Schwartz era. Click here to read more about what'll be expected of Harvey Schwartz as CEO of Carlyle.

☆ China's reopening could boost global growth — and worsen inflation
▼ + stars: | 2023-01-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global economic growth, but may also stoke inflation just as it has shown signs of falling back. The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens to push up global prices for fuel, industrial metals and food this year. The speed of the reopening, as well as indications that infections may have already peaked, has been surprising, analysts told CNN. Yet, if global food and energy prices start rising again, that could feed through into higher consumer prices. China’s reopening could bump up demand for agricultural goods, while the world is still in the grips of the worst food crisis in modern history.

"That would be a problem for any central bank." TUG OF WARLagarde's commitment also puzzled ECB-watchers because the central bank had previously said it wouldn't make such public predictions - known as forward guidance - anymore, but instead take each decision based on incoming data. This of course leads to a tug of war between the ECB and the markets on the narrative," he added. ING's Brzeski said the ECB lacked a clear thought-leader on its Governing Council who could steer markets like Lagarde's predecessor, Mario Draghi. "The cacophony of diverging voices and the lack of clarity on who is the leading voice keeps hurting the ECB," Brzeski said.

☆ Investors are stampeding into boring old bonds to start the year
▼ + stars: | 2023-01-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Yet boring old bonds have just about kept pace, as investors rush to lock in healthy-seeming yields after one of the worst years ever for fixed-income returns. The Federal Reserve's historically aggressive tightening campaign last year gouged debt portfolios but quickly rebuilt the supply of safe yield on offer for today's buyers. I made the case for bonds' value from this perspective in a column here three months ago , just as Treasury yields were peaking. The good news is that "real yields," meaning yields above the market's implied outlook for inflation, remain positive. The American Association of Individual Investors' monthly asset allocation survey for December showed bonds at 14.3%, below the survey's long-term average of 16%.

☆ Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead
▼ + stars: | 2023-01-20 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The tech-heavy Nasdaq 100 index (.NDX) has gained over 3% in 2023, double the rise for the S&P 500 (.SPX). The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream.

☆ Stocks buoyed by cheery data after BOJ damp squib
▼ + stars: | 2023-01-18 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

Data showed British inflation dropped to a three-month low of 10.5% in December, the latest sign that global inflationary pressures are abating. Also helped by a string of positive earnings updates, Europe's STOXX 600 index (.STOXX) rose 0.4% to its highest level since April 2022. Earlier in the day MSCI's broadest index of Asia-Pacific shares outside of Japan (.MIAPJ0000PUS) rose 0.24%, and S&P 500 futures gained 0.26%. The dollar at one point rose as much as 2.7% against the Japanese yen, but was last 0.78% higher at 129.11. Data on Tuesday showed China's economic growth had slumped in 2022 to 3.0% - the weakest rate in nearly half a century.

☆ Premaket stocks: Auto sales are falling — but profits are surging. Welcome to the new normal
▼ + stars: | 2023-01-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —The US auto industry just posted its worst sales in more than a decade — but that’s not necessarily a bad sign for the sector. What’s happening: 2022 was the worst year in more than a decade for the auto industry, largely because manufacturers couldn’t keep up with consumer demand. To put that into historical perspective, auto sales topped 17 million each year between 2015 and 2019, before Covid. But the auto industry saw sky-high profits even as sales plummeted. The auto industry has entered a new era: Less choice, higher prices and larger profit margins.

☆ Watch CNBC's full interview with NWI Management's Tara Hariharan
▼ + stars: | 2022-12-27 | 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 EmailWatch CNBC's full interview with NWI Management's Tara HariharanTara Hariharan, NWI Management managing director of global macro research, joins 'Closing Bell' to discuss her thoughts on how bullish the China reopening story is, the stimulus Chinese citizens have received and how the China reopening will affect global inflation.

☆ It's going to be a bumpy first half of 2023 for China's opening, says NWI Management's Hariharan
▼ + stars: | 2022-12-27 | 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 EmailIt's going to be a bumpy first half of 2023 for China's opening, says NWI Management's HariharanTara Hariharan, NWI Management managing director of global macro research, joins 'Closing Bell' to discuss her thoughts on how bullish the China reopening story is, the stimulus Chinese citizens have received and how the China reopening will affect global inflation.

The events of the year took many investors by surprise and made the task of predicting bitcoin's price that much harder. The crypto market was awash with pundits making feverish calls about where bitcoin was heading next. When asked about his $250,000 target earlier this month, the Draper Associates founder told CNBC $250,000 "is still my number" — but he's extending his prediction by six months. The entrepreneur says he's also done making bitcoin price predictions. Buehler said lack of risk management in the crypto industry, missing regulation and fraud have also been major factors affecting prices.

☆ Overall, there are some things to like about the market here, says Bespoke's Hickey
▼ + stars: | 2022-12-15 | 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 EmailOverall, there are some things to like about the market here, says Bespoke's HickeyNeil Dutta, Renaissance Macro Research head of economic research, and Paul Hickey, Bespoke Investment co-founder, join 'Closing Bell' to discuss Dutta's thoughts on the economy, if Hickey agrees with Neil and more.

☆ Analysis: Investors on alert for policy error after cheering slower rate hikes
▼ + stars: | 2022-12-12 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

With inflation potentially peaking and recession looming, the risk of overtightening accelerating a downturn is on investors' watchlists for next year. "We're past the point of the big (Fed) policy mistake, we think they kind of made it," Robert Waldner, head of macro research at $1.3 trillion asset manager Invesco, said. Recent Fed research suggests the bank has exceeded the level called for by commonly followed policy rules and should target 3.52%, versus the 3.75%-4% it currently targets. Fed research, taking into account the premium on mortgages and corporate borrowing costs, has found financial conditions in September already reflected the equivalent of a 5.25% policy rate. I am worried the Fed may not be taking into account the lags in their monetary policy," Costerg said.

☆ The stock market is trapped in a clear downtrend, and the situation could get worse
▼ + stars: | 2022-12-08 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

They are watching the S & P 500 as it trades below its 200-day moving average after lifting above that threshold briefly. The S & P 500 surpassed the average on Nov. 30 and fell below it Monday. The 200-day is now at 4,040 for the broad-market index, and the S & P 500 closed at 3,933.92 on Wednesday. A loss of short-term momentum "I think the real story is within the downturn, we're losing short-term momentum. Stockton said her indicators showed the flip in the S & P 500 Tuesday.

☆ Fund manager says a 'turning point' for Big Tech is near. Here's what he's watching
▼ + stars: | 2022-12-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Next week could turn out to be crucial for tech investors looking to re-enter the stock market, according to an investment director at Swiss fund manager GAM. Julian Howard, multi-asset investment director at GAM, said the week beginning Dec. 12 would be a "super week for a potential turning point" in tech stocks. Meanwhile, the annualized inflation rate appears to be on a downward trajectory after it fell to 7.7% in October from 8.2% in September. He described Big Tech as "the epicenter of interest rate uncertainty because it has those sorts of long-run revenue streams which are most sensitive." He said the real economy has yet to feel the "scale and speed" of the interest rate hikes this year.

☆ Analyst discusses the outlook for stocks in 2023
▼ + stars: | 2022-12-05 | 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 Email'Quite bold' to suggest there's not going to be some bad news in 2023 for earnings in U.S.: AnalystBen Jones, director of macro research at Invesco, says Europe, however, has "a lot more bad news priced in there."

☆ Watch CNBC's full interview with Renaissance Macro's Jeff deGraaf
▼ + stars: | 2022-12-02 | 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 Renaissance Macro's Jeff deGraafJeff deGraaf, Renaissance Macro Research chairman and head of technical research, joins 'Closing Bell' to discuss how the market is currently set up and the internal signals he is focusing on right now.

☆ There's a reversion trade going on — I can't call the end of bear market, says Renaissance Macro's deGraaf
▼ + stars: | 2022-12-02 | 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 EmailThere's a reversion trade going on — I can't call the end of bear market, says Renaissance Macro's deGraafJeff deGraaf, Renaissance Macro Research chairman and head of technical research, joins 'Closing Bell' to discuss how the market is currently set up and the internal signals he is focusing on right now.

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