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Search resuls for: "David Kelly"


15 mentions found


☆ Here's how to invest to take advantage of the best outlook for long-term investors since 2010, according to JPMorgan Asset Management
  + stars: | 2022-11-09 | by ( James Faris | ) www.businessinsider.com   time to read: +7 min
The forward outlook for investors is the best since 2010, according to JPMorgan Asset Management. This year is on pace to be the worst for stocks since 2008, but the long-term investing outlook is as promising as it's been since 2010, according to JPMorgan Asset Management (JPMAM). Both developments give long-term investors an attractive entry point. That's far lower than the 2.9% growth that the world saw from 2010 to 2020, according to JPMAM's 2021 report. How to invest for the long termInvestors should build long-term portfolios around three asset classes, according to JPMAM: stocks, bonds, and alternative assets.
☆ Why the Fed will likely cause an unnecessary recession even though rampant inflation is fading away, according to the chief global strategist for JPMorgan's investing arm
  + stars: | 2022-11-08 | by ( Marley Jay | ) www.businessinsider.com   time to read: +3 min
He sees clear signs inflation is fading and says the Fed could achieve a "soft landing." But Kelly tells Insider the Fed seems intent on more interest rate hikes instead. While inflation is the highest it's been in 40 years, Kelly says the Fed should be focused on a shorter timeframe. Last week, according to Kelly, the Fed acknowledged that its recent interest rate hikes were going to filter into the economy over time. That means that they'll remain, recession or no recession, making for a "slow growth, low inflation environment" that is supportive for stocks.
☆ We just got confirmation that the next recession will look and feel unlike any in recent memory
  + stars: | 2022-11-05 | by ( Ayelet Sheffey | Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +7 min
The latest data on jobs from the Bureau of Labor Statistics shows a still-robust labor market in the US. With inflation continuing to soar in the US, the Federal Reserve has moved aggressively to combat high prices by hiking interest rates. But on Friday, new data from the Bureau of Labor Statistics showed that the labor market continues to be strong. As Insider previously reported,the Fed's high interest rates would cause companies to slow their hiring plans, and therefore lead to smaller pay gains for workers. Looking ahead, all eyes are on the Fed's December meeting when it will announce its next round of interest rate hikes.
☆ The US jobs market is still going strong despite ongoing recession fears
  + stars: | 2022-11-04 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +3 min
October's report suggests the labor market remains robust despite ongoing recession fears. Within this industry, health care saw payrolls rise by about 53,000. Professional and business services saw an increase of 39,000. Leisure and hospitality saw an increase of 35,000, as employment in this industry still falls below its pre-pandemic level. Friday's job report follows the Fed's recent outsized increase in interest rates for the fourth time in a row. Although Americans and businesses may be worried about the likelihood of a recession, the labor market is still strong, which can be beneficial amid these fears.
☆ Premarket stocks: Why America's job market hasn't imploded
  + stars: | 2022-11-01 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
Mortgage rates are at their highest levels since 2002, consumer spending and business investment is falling and the Federal Reserve is fighting persistent inflation with higher interest rates. “While job openings should continue to fall in the months ahead, the fact that they remain well above normal levels should continue to support strong job growth, possibly all the way into 2023,” said David Kelly, chief global strategist at JPMorgan Funds. The job market is good for workers but it’s not good for inflation. The problem is that this time around, the shape of the job market is different. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list.
☆ The US economy came back to life this summer, but things are still likely to suck next year
  + stars: | 2022-10-28 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +8 min
Mike Schenk, chief economist of Credit Union National Association, said in a statement that the "healthy economic growth will not last." CEOs are pessimistic about the future and the hot labor market is coolingCEOs, for one, aren't feeling too good about the economy. "The labor market continues to be hot, even if it's cooled a little bit since the beginning of this year," Bunker told Insider. "Where we're seeing it does signal that it is sectors normalizing, rather than dramatically pulling back postings because they are concerned about short term economic growth." He noted that excess labor demand "gives you a lot of running room here before the labor market actually gets soft."
☆ The US economy went back into growth mode in the third quarter of 2022, making an imminent recession less likely
  + stars: | 2022-10-27 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +3 min
That beats the 2.4% growth estimate. The advance estimate suggests the US economy is growing again after shrinking in the first two quarters of 2022. That comes after the US economy shrank by 0.6% and 1.6% in the second quarter and first quarter of the year respectively. We also should see a modest positive growth rate after two quarters of negative growth." Kelly said in a note that "this week's GDP report could show surprising strength, especially following two negative quarters and numerous predictions of imminent recession."
☆ The US economy went back to growing in the third quarter of 2022, making an imminent recession less likely
  + stars: | 2022-10-27 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +3 min
That beats the 2.4% growth estimate. The advance estimate suggests the US economy is growing again after shrinking in the first two quarters of 2022. That comes after the US economy shrank by 0.6% and 1.6% in the second quarter and first quarter of the year respectively. We also should see a modest positive growth rate after two quarters of negative growth." Kelly said in a note that "this week's GDP report could show surprising strength, especially following two negative quarters and numerous predictions of imminent recession."
☆ Premarket stocks: Don't be fooled by a strong GDP report
  + stars: | 2022-10-26 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
That’s why it’s so surprising that the US economy is expected to show robust growth in Thursday’s third-quarter GDP report. Economists warn that the report could be a one-hit-wonder that overstates momentum in an economy that is actually slowing. “There is more braking power being inflicted on the US economy than will be at all apparent in the third-quarter GDP report,” wrote Kelly. Central bank officials are going to be looking at underlying metrics in the report, and will likely ignore headline numbers, said Patterson. The bottom line: The rejiggering of trade balances often falsely inflates economic growth calculations ahead of a recession.
☆ U.S. yields climb as hawkish Fed concerns outweigh weaker economic data
  + stars: | 2022-10-24 | by ( Davide Barbuscia | ) www.reuters.com   time to read: +3 min
Speculation about a potentially more dovish Fed - despite U.S. inflation remaining hot - was visible in money markets. But they climbed back again, with the benchmark 10-year Treasury yields up at 4.229% and two-year note yields at 4.498%. On the long end, 30-year Treasury yields rose to an 11-year high of 4.359%. "If the Fed is going to be data dependent, these data points should be a focus point for them. Whether or not that actually happens, is yet to be seen," said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.
☆ Markets are worried the Fed is going too far
  + stars: | 2022-10-12 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Wall Street is worried that yet another high reading on the Consumer Price Index will prompt another massive interest rate increase and inflict more pain on markets and the US economy. But this full-steam-ahead approach by the Fed, based on the notion that iron-clad data is protection enough, has given some economists pause. Last week’s nonfarm payroll report roiled markets, but job openings have now fallen by 1.8 million since their March peak. The IMF believes that global inflation will peak late this year, but will “remain elevated for longer than previously expected,” even as central banks work aggressively to bring it under control. ▸ The Consumer Price Index, a closely watched measures of inflation in the US is due to be released on Thursday.
☆ The Fed's rate hike was just the beginning as banks around the world adjust policy - but the uncertainty doesn't mean the market can't rally.
  + stars: | 2022-09-23 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
The Federal Reserve's Wednesday rate hike was just the beginning of the world's fight against inflation. A smattering of other central banks have followed suit, while some others took a different course. For now, pain fueled by central banks is likely to continue. The Fed's 75 basis-point rate hike on Wednesday was the first of many such moves this week as the policymakers globally confront surging prices. Three investing experts explained how to adjust your portfolio to benefit from the Fed's rate hike and rising inflation.
☆ Here's how 9 other central banks adjusted key rates after the Fed's 3rd straight jumbo increase
  + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +4 min
The Federal Reserve's 75-basis-point rate hike was only one of many central bank moves this week. The Bank of Japan kept its benchmark rate steady, while others raised interest rates. Fed Chair Jerome Powell signaled that more interest rate hikes are likely to come. Norway: Its bank raised rates by 50 basis points, matching the UK's 2.25%. Its bank raised rates by 50 basis points, matching the UK's 2.25%.
☆ The Fed is in grave danger of being too hawkish, says JPMorgan's David Kelly
  + stars: | 2022-09-21 | 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 Fed is in grave danger of being too hawkish, says JPMorgan's David KellyJim Caron, global fixed-income portfolio manager at Morgan Stanley Investment Management; David Kelly, chief global strategist at JPMorgan Asset Management; and Katie Nixon, chief investment officer at Northern Trust Wealth Management, join 'Power Lunch' to discuss Fed policy hikes, the rapid rise in the 2-year note, and the looming economic slowdown.
☆ I just don't think the economy can take a 4.25 to 4.5% rate, says JPM's David Kelly
  + stars: | 2022-09-21 | 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 EmailI just don't think the economy can take a 4.25 to 4.5% rate, says JPM's David KellyJim Caron, global fixed-income portfolio manager at Morgan Stanley investment management, David Kelly, chief global strategist at JP Morgan asset management and Katie Nixon, chief investment officer at Northern Trust Wealth Management, join 'Power Lunch' to discuss the Fed announcement of a 75 basis point hike.
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