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☆ Watch CNBC’s full post-market interview with Virtus' Joe Terranova, Truist’s Keith Lerner and John Hancock’s Emily Roland
▼ + stars: | 2023-01-06 | 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 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.

☆ Top Marketers Are Turning Their Side Projects Into Legitimate Businesses
▼ + stars: | 2022-12-27 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Turning side projects into stand-alone businesses or full-time occupations can be difficult or even impossible for chief marketing officers, whose jobs have become increasingly demanding and complex. “I loved the idea of Paris, especially as a place that I might someday pluck up the courage to start the company,” said Ms. Howard. Dashlane was unaware that Ms. Howard was developing a new company until she announced her resignation, she said. Soon after he left the soft-drink giant, Mr. Cottrill received a call from industry veteran Gary Koepke. New ideas, new challengesWorking on side projects has helped marketers develop different skill-sets and, in some cases, explore new careers.

☆ Jan. 6 transcripts show Trump cronies taking the Fifth. So what?
▼ + stars: | 2022-12-23 | by ( Tracey Maclin | Tracey Maclin Is The Raymond | Miriam Ehrlich Chair In United States Constitutional Law At The University Of Florida Levin College Of Law. | ) www.nbcnews.com time to read: +6 min

If you’re innocent, why are you taking the Fifth Amendment?”This erroneous perspective of the right against compelled self-incrimination forgets a lot of history. She then invoked the Fifth Amendment and refused to answer any questions from members of the committee. They argued that by making an opening statement in which she professed her innocence, Lerner had waived her Fifth Amendment rights. The Fifth Amendment applies in any legal proceeding. Proceeding in this way, protects the Fifth Amendment rights of individuals and gives Congress the information it wants.

☆ Wall St Week Ahead Investors look for 'Santa Rally' after grim year in U.S. stocks
▼ + stars: | 2022-12-23 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, Dec 23 (Reuters) - Bruised investors are hoping a so-called Santa Claus rally can soften the pain of a tough year in U.S. stocks and potentially brighten the outlook for 2023. Friday is this year's start date for this rally named after Santa Claus - if it happens. The phenomenon has lifted the S&P 500 an average of 1.3% since 1969, according to the Stock Trader's Almanac. A December without a Santa rally has been followed by a weaker-than-average year, data from LPL Financial going back to 1950 showed. "The lack of a 'Santa Claus rally' this month, with a 'lump of coal selloff' in its place, is a troubling sign about 2023 US equity returns," strategists at DataTrek wrote.

☆ A Parasite May Explain Why Some People Are Driven to Start a Company
▼ + stars: | 2022-12-21 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

When wolves in Yellowstone National Park get infected with a cat parasite called Toxoplasma gondii, they become more likely to leave their packs and start new ones. The Yellowstone wolf data hints that it's just the side effect of a protozoan inhabiting our brains in a failed attempt to make more protozoa. So why would any of this make an infected wolf want to start its own pack? That was the suggestion of an influential 2006 paper titled "Can the Common Brain Parasite, Toxoplasma gondii, Influence Human Culture?" Just because Toxo might drive an alpha male to start a company, that doesn't mean it'll be a successful company.

☆ Negative mood could pervade market next week as investors search for stability before the holidays
▼ + stars: | 2022-12-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.

☆ The Fed will raise rates again. But it’s playing with fire
▼ + stars: | 2022-12-11 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —The Federal Reserve is all but guaranteed to announce Wednesday that it will once again raise interest rates. The Fed bumped up rates by three-quarters of a percentage point in the past four meetings (June, July, September and November). The more widely watched Consumer Price Index data for November comes out Tuesday, just a day before the Fed announcement. Jones still thinks the Fed will raise rates by only half a point this week and may look to hike them just a quarter point in early 2023. It seems likely that the Fed will cut its GDP target and raise its expectations for the jobless rate and consumer prices.

☆ Luminary's founder offered employees 3 options when her company was in financial ruin. Here's why they all chose to take a pay cut.
▼ + stars: | 2022-12-01 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

InsiderCate Luzio is the founder and CEO of Luminary, a women's coworking space and professional network. Between March and April, the company lost about 80% of its revenue, Luzio told Insider. During the Zoom meeting in April, the founder told her full-time staff members that she had to make some cuts. Luzio told her team to take time to think, but the workers decided unanimously within minutes: Everyone chose the pay cut and told their boss they weren't going anywhere. Luzio and her team spoke with Insider about the pivotal moment in Luminary's business.

☆ The tech sector isn't going to be a leader next year, says Truist's Keith Lerner
▼ + stars: | 2022-12-01 | 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 tech sector isn't going to be a leader next year, says Truist's Keith LernerJPMorgan’s Gabriela Santos and Truist Wealth’s Keith Lerner join 'Closing Bell: Overtime' to discuss Brad Gerstner's comments on the Fed and rates. They also discuss slimming down the tech sector.

☆ Sam Bankman-Fried disputed reports that FTX and Alameda employees were fueled by drugs: 'This has been totally on-label use of medication'
▼ + stars: | 2022-12-01 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried denied reports that employees of his now-bankrupt crypto empire were fueled by drugs and alcohol. When we had parties, we would play board games," he told reporter Andrew Ross Sorkin at the New York Times Dealbook conference on Wednesday. "I have been prescribed various things at various times to help with focus and concentration.... these have all been totally on-label use of medications," he said. FTX's in-house coach and psychiatrist, Dr. George K Lerner, told the New York Times earlier this month that some employees at FTX took A.D.H.D prescription medication but that the "rate of A.D.H.D. I was the CEO of FTX... That means that I was responsible ultimately for asking great things and I didn't.

☆ A tech rebound may be needed for a full market recovery. These are the stocks that could lead
▼ + stars: | 2022-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The S & P 500, meanwhile, is down 15.5% this year, dragged down by the communication services and information technology sectors, along with consumer discretionary. The Nasdaq is up 6% in the fourth quarter, while the S & P 500 has surged 12% in that time. But, some investors think tech's cooperation will be needed for the market to bounce back from this bear market. "[Tech stocks] have to participate, they have to move up to get a big market move," the company's co-chief investment officer said. Tech stocks that could lead Given this backdrop, CNBC Pro searched for stocks in the Nasdaq 100 — which is made up of the 100-largest Composite stocks — that could lead tech out of its rut.

The Dow Jones Industrial Average (.DJI) rose 199.37 points, or 0.59%, to 33,745.69, the S&P 500 (.SPX) gained 18.78 points, or 0.48%, to 3,965.34 and the Nasdaq Composite (.IXIC) added 1.11 points, or 0.01%, to 11,146.06. For the week, the S&P 500 fell 0.7%, retreating modestly after a strong month-long rally spurred by softer-than-expected inflation data that sparked hopes the central bank could temper its market-punishing rate hikes. "We are not likely to see any real evidence in terms of potentially declining wage pressure or inflation pressure for another couple of weeks.”Defensive groups led the way among S&P 500 sectors, with utilities (.SPLRCU) up 2%, real estate (.SPLRCR) rising 1.3% and healthcare (.SPXHC) 1.2% higher. The S&P 500 posted 8 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 62 new highs and 141 new lows. About 9.7 billion shares changed hands in U.S. exchanges, compared with the 12 billion daily average over the last 20 sessions.

☆ Lerner: The upside in this market is probably capped around 5% from where we are today
▼ + stars: | 2022-11-18 | 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 EmailLerner: The upside in this market is probably capped around 5% from where we are todayKeith Lerner, Co-Chief Investment Officer at Truist Advisory Services, joins Worldwide Exchange to discuss investing in equities versus fixed income.

☆ Sam Bankman-Fried's FTX employed a 'company therapist' who looked for 'dating options' for staff, report says.
▼ + stars: | 2022-11-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's FTX employed a "company therapist" who helped staff with dating, Vice reported. Psychiatrist George Lerner said he was worried staff would quit due to a lack of dating options. Lerner said he would look for "dating options" for staff to improve their lives in the Bahamas. In response to Avedisian's comments, Lerner told Vice: "Dating options. He also spent 12 hours maintaining a private practice where at least 20 FTX employees sought his services.

☆ Stocks have gained in the year after every midterm election since World War II - and investors can expect that run to continue even as the Fed keeps hiking rates
▼ + stars: | 2022-11-08 | by ( Carla Mozée | ) www.businessinsider.com time to read: +5 min

The S&P 500 is likely to extend a historic run of positive returns after midterm elections, market strategists say. The S&P 500 in has posted positive returns in the 12 months after midterm elections since the end of World War II. The broad equity index has posted positive returns after each mid-term since 1946–after World War II ended in September 1945. He said heading into the year-end it appears that the S&P 500 has found a "very strong floor of support," at 3,500. Detrick said dovish signals from the Fed could leave the S&P 500 in 2023 with a higher post-midterm election return than the 14.1% average he had found.

☆ You buy tech for its earnings relative to the market, says Truist Co-CIO Keith Lerner
▼ + 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 EmailYou buy tech for its earnings relative to the market, says Truist Co-CIO Keith LernerTruist Co-CIO Keith Lerner joins 'TechCheck' to discuss negative sentiment toward tech, the earnings momentum for tech relative to the broader market and downgrading tech from neutral to underweight.

☆ Watch CNBC's full interview with Truist Co-CIO Keith Lerner
▼ + 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 EmailWatch CNBC's full interview with Truist Co-CIO Keith LernerTruist Co-CIO Keith Lerner joins 'TechCheck' to discuss negative sentiment toward tech, the earnings momentum for tech relative to the broader market and downgrading tech from neutral to underweight.

☆ Wall St Week Ahead Inflation data, midterm elections loom for struggling U.S. stock rally
▼ + stars: | 2022-11-04 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 4 (Reuters) - A sputtering U.S. stock rally faces a double-dose of potentially market moving events next week: U.S. midterm elections and inflation data that could influence the Federal Reserve's monetary policy. Consumer price data has driven huge market moves this year, as surging inflation forced investors to ramp up expectations for Fed rate hikes. A stronger-than-expected reading on Nov. 10 would likely bolster the case for the Fed to continue. "If we get lower inflation reading then you could get a relief rally based on that data,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. "The results of the midterm will give greater visibility and help draw investor confidence higher," he said.

☆ Watch CNBC’s full post-market discussion with Hightower's Stephanie Link, Requisite’s Bryn Talkington and Truist’s Keith Lerner
▼ + stars: | 2022-11-03 | 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 post-market discussion with Hightower's Stephanie Link, Requisite’s Bryn Talkington and Truist’s Keith LernerHightower's Stephanie Link, Requisite’s Bryn Talkington and Truist’s Keith Lerner join 'Closing Bell: Overtime' to discuss trading during Fed week and what to expect in the markets and earnings today.

☆ Sell stocks after the massive market rally in October and make one simple adjustment to your portfolio to score easy income while limiting risk, according to Truist
▼ + stars: | 2022-11-02 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Stocks' strong gains are just a bear market rally that will soon fade, according to Truist. Keith Lerner, the firm's top market strategist, made the case for bonds over stocks. Higher rates will keep hurting stocks — even if the Fed pivotsAt first glance, stocks have gotten cheaper this year. Tighter financial conditions have pushed the US economy toward a recession, and a slowdown in spending has been a drag on corporate earnings, Lerner wrote. Truist Bank"Even if the Fed does pivot or inflation softens, it wouldn't be a cure-all over the intermediate term," Lerner wrote.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Wall St Week Ahead Hopeful U.S. stock rally set for date with Federal Reserve reality
▼ + stars: | 2022-10-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. Meanwhile, cash-heavy investors afraid of missing out on a sustained rally have contributed to the bullish move, market participants said. More than 150 S&P 500 companies are due to report quarterly results next week, including Eli Lilly (LLY.N), ConocoPhillips (COP.N) and Qualcomm (QCOM.O). Investors will also closely watch next Friday's monthly jobs report for signs of whether the Fed's actions have tempered the labor market. "The market is thinking good things," said Kristina Hooper, chief global market strategist at Invesco.

Hopes have risen that the 20% S&P 500 plunge this year had cleared the decks by dragging the aggregate price/earnings ratio back below long-term averages. "In this environment we think bonds are more attractive relative to stocks on a risk-adjusted basis. chartMIND THE GAPTake the difference between the S&P 500 earnings yield and nominal 10-year Treasury yield. The current dividend yield - total annual dividends divided by the value of the index - is around 1.75%, while the 10-year Treasury yield is around 4.23%. As of Monday Oct. 24, the S&P 500 was down 20% year-to-date and the ICE BofA aggregate Treasuries index was down 15.6%.

☆ The markets are returning to the 'old normal' of higher bond yields — what it means for investors
▼ + stars: | 2022-10-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

Yet the effects from this point of a return to the "old normal" of higher bond yields and positive real (inflation-adjusted) yields, aren't clearly linear nor entirely negative. The 10-year Treasury yield on those dates: 4.24% now, 3.69% Sept. 22 and 3.07% on June 30. Yet as stock valuations fall and bond yields rise, risk to a long-term buyer is declining and expected future returns climbs. It's common to hear market handicappers discuss higher yields compressing overall equity valuations as if it's a law of physics. Maybe the difference in these regimes has something to do with the absolute level of bond yields and whether deflation or inflation was the main adversary?

☆ Snap earnings beat, revenue misses, despite strong daily active users
▼ + stars: | 2022-10-20 | 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 EmailSnap earnings beat, revenue misses, despite strong daily active usersCNBC's Julia Boorstin joins 'Closing Bell: Overtime' to report on Snap's earnings results. NewEdge Wealth’s Cameron Lawson and Truist’s Keith Lerner react.

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