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☆ ARK Invest CEO Cathie Wood believes outflows are the result of investors taking gains
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest CEO Cathie Wood believes outflows are the result of investors taking gainsCNBC's Deirdre Bosa joins 'TechCheck to discuss investors abandoning the ARKK ETF, the strength of ARK's asset retentions, and investor portfolio rebalancing following gains.

Persons: Cathie Wood, outflows, Deirdre Bosa

☆ Collective embrace of soft landing economic scenario extends 2023 rally after welcome drop in CPI
▼ + stars: | 2023-07-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

Now, especially after the sturdy June jobs report as week ago and the reassuringly cool CPI print on Wednesday, this is something closer to the prevailing view. The market all year has been acting as if inflation and the Fed's aggressive war against it were mostly 2022 problems. The wobble in early July after a blockbuster ADP employment report sent Treasury yields flying was over in a day. Passing these tests, and now having seen market strength broaden significantly since the end of May, belief is replacing doubt. And last quarter, the S & P went choppily sideways for the first month of reporting season.

Persons: it's, what's Organizations: Federal, Treasury, Investment, National Association of Active Investment, Deutsche, Nasdaq, Bulls, Wall, & $ Locations: what's

☆ Jim Cramer gauges the threat of Microsoft's cybersecurity foray on Palo Alto Networks stock
▼ + stars: | 2023-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft (MSFT) updated plans to expand further into cybersecurity this week, creating chaos in pure-play vendors like Club name Palo Alto Networks (PANW). We think that decline was an overreaction and the bounce since shows that investors have come to realize that Microsoft's moves pose little threat to cybersecurity leader Palo Alto. Bottom line We believe Palo Alto will stay the cybersecurity leader regardless of Microsoft's announcement. Founded in 2005, Palo Alto has been in the space much longer than Microsoft, and it has a first-mover advantage. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Palo Alto, I'm, Jim Cramer, Nikesh Arora, Arora, We've, Brent Thill, Goldman Sachs, Gabriela Borges, Satya Nadella, Palo, Jim, Jim Cramer's, David Paul Morris Organizations: Microsoft, Palo Alto Networks, Palo Alto, Jefferies, Alto Networks, Apple, Management, JPMorgan, Nasdaq, Big Tech, CNBC, Bloomberg, Getty Locations: Palo Alto, Palo, PANW, cybersecurity, Santa Clara , California, U.S

After a five-month pause, the BoC raised its overnight rate in June, saying monetary policy was not sufficiently restrictive. "If new information suggests we need to do more, we are prepared to increase our policy rate further," BoC Governor Tiff Macklem told reporters after the decision. The BoC's overnight target rate was last at 5.00% in March and April of 2001. Twenty of 24 economists surveyed by Reuters had expected the central bank to lift rates by a quarter of a percentage point. Money markets had seen a more than a 70% chance of a rate hike before the announcement.

Persons: Derek Holt, Andrew Kelvin, Steve Scherer, Ismail Shakil, Fergal Smith, Divya Rajogopal, Nivedita Balu, Paul Simao, Mark Porter Organizations: OTTAWA, Bank of Canada, Wednesday, BoC, Scotiabank, Reuters, TD Securities, Thomson Locations: Canada, Toronto

About Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is an Ally Financial-affiliated automated account offering investing without fees for US residents. Ally Invest Robo Portfolios FeesAlly Invest Robo Portfolios doesn't charge trading fees, advisory fees, annual fees, or rebalancing. Methodology: How We Reviewed Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is a robo-advisor that was reviewed using Personal Finance Insider's rating methodology for investing platforms. How Ally Invest Robo Portfolio ComparesAlly Invest Robo Portfolios vs. Fidelity GoIf you're a hands-off investor in search of automated portfolio management, Ally Invest Robo Portfolios and Fidelity Go are both popular robo-advisors. Ally Invest Robo Portfolios vs. Schwab Intelligent PortfoliosAlly Invest Robo Portfolios and Charles Schwab's most basic automated account, Charles Schwab Intelligent Portfolios, both offer competitive automated investing services.

Persons: Ally, Ally Invest's, Ally Invest, it's, It's, you'll, Roth, Charles Schwab, Schwab, Charles Schwab's, brokerages, Rickie Houston, Rickie, He's, Read, Elias Shaya, Elias, Tessa Campbell Organizations: Reading Chevron, Financial, Ally Invest, Better, Bureau, BBB, Financial Inc, Invest, IRS, Roth IRA, Investment, Vanguard, Fidelity, Finance, Schwab, Business, Boston Globe, Yahoo News, Boston University, Boston University News Service, CUNY College of, New York Presbyterian Hospital Locations: New York City, CUNY College of Staten Island, Lebanon

☆ The economy is doing exactly what we need to avoid a recession and keep booming
▼ + stars: | 2023-07-12 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Recent data reveals inflation is cooling, the labor market is slowing, and a recession may not come after all. Inflation data released Wednesday showed that inflation is coming down fast. The Fed may be pleased by this data, though a rate hike may still be on the table later this month. Other measures also show that the job market is still very healthy. The Fed may be happy to see slower job growth and the prime-age labor force participation rate rising, Bunker said.

Persons: doesn't, Julia Pollak, Nick Bunker, Bunker, Jerome Powell, Bill Adams, Pollak, " Pollak, Powell Organizations: Service, Labor, Survey, North America, Federal, Consumer, CPI, National Federation of Independent Business, Congress, Fed, Comerica Bank, Comerica Locations: Wall, Silicon

☆ Nasdaq 100 rebalancing will add volatility to tech earnings, KKM's Jeff Kilburg
▼ + stars: | 2023-07-11 | 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 EmailNasdaq 100 rebalancing will add volatility to tech earnings, KKM's Jeff KilburgJeff Kilburg, KKM Financial founder and CEO, and CNBC's Bob Pisani join 'The Exchange' to discuss far reaching implications of NASDAQ 100'd rebalancing, investment strategies for tech earnings, and reigning in "Magnificent Seven" dominance.

Persons: KKM's Jeff Kilburg Jeff Kilburg, Bob Pisani Organizations: KKM Financial, NASDAQ

That compares with a 14.8% gain for the benchmark S&P 500 (.SPX). Microsoft (MSFT.O), Apple (AAPL.O), Nvidia (NVDA.O), Amazon.com (AMZN.O) and Tesla (TSLA.O) combined account for 43.8% weight in the index, according to Refinitiv data as of Monday's close. The special rebalancing may be conducted at any time if the aggregate weight of companies, each having more than 4.5% weight in the index, tops 48%, according to Nasdaq. COULD THE S&P 500 FOLLOW SUIT? Apple and Microsoft are the only two firms with weight over 4.5% in the S&P 500.

Persons: Hogan, Cameron Lilja, Dow, Wells, Sam Stovall, Sruthi Shankar, Medha Singh, Bansari, David Randall, Shounak Dasgupta Organizations: Nasdaq, Microsoft, Apple, Nvidia, Riley, U.S . Securities, Exchange, Dow Jones, Tesla, Booking Holdings, Gilead Sciences, Devices, CFRA, Thomson Locations: Wells, Gilead, Bengaluru, New York

☆ Watch CNBC's investment committee discuss NASDAQ rebalancing
▼ + stars: | 2023-07-11 | 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 investment committee discuss NASDAQ rebalancingShannon Saccocia, Josh Brown, Stephanie Link, and Jim Lebenthal join 'Halftime Report' to discuss elevated treasury rates, a rebalancing in the NASDAQ 100, and expectations for the upcoming earnings season.

Persons: Shannon Saccocia, Josh Brown, Stephanie Link, Jim Lebenthal Organizations: Watch, NASDAQ

☆ Tech needs continued pricing power to justify the multiples: NB Private Wealth's Shannon Saccocia
▼ + stars: | 2023-07-11 | 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 EmailTech needs continued pricing power to justify the multiples: NB Private Wealth's Shannon SaccociaShannon Saccocia, Josh Brown, Stephanie Link, and Jim Lebenthal join 'Halftime Report' to discuss elevated treasury rates, a rebalancing in the NASDAQ 100, and expectations for the upcoming earnings season.

Persons: Wealth's Shannon Saccocia Shannon Saccocia, Josh Brown, Stephanie Link, Jim Lebenthal Organizations: Email Tech, NASDAQ

☆ Cramer says to stick with his 'Magnificent Seven' tech stocks: 'It’s just so darned easy'
▼ + stars: | 2023-07-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer opined Tuesday about the value of sticking with his "Magnificent Seven," the seven tech stocks currently leading the market: Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla . "It's so aggravating to stand here and tell you to just stick with the 'Magnificent Seven' and friends," Cramer said, adding it's easier to talk about stocks when you're sure the price targets are going higher instead of lower. "It's just so darned easy to bet on the 'Magnificent Seven,' because everything always seems to go right with them," Cramer said. For example, Cramer said, one of Nvidia's models, FourCastNet, can predict high-impact weather models weeks in advance and is 45,000 times faster than current models. "Now, I know that Nvidia's weather forecasting doesn't result in higher earnings per share, at least not anytime soon," Cramer said.

Persons: CNBC's Jim Cramer, Cramer Organizations: Apple, Microsoft, Nvidia, Tesla, Nasdaq, CNBC's Charitable

Erdogan's ties to Russian President Vladimir Putin have weighed on Turkey's relations with its traditional Western allies for years, along with other factors including concern over his increasingly autocratic rule. "Turkey doesn't want the Turkish-Russian relationship to be badly hurt, but this will inevitably have an impact on relations. Ankara has been important to Moscow as Erdogan has refused to join Western sanctions against Russia over the Ukraine invasion. 'ROSE-TINTED SPECTACLES'The Kremlin said it intended to develop relations with Turkey "despite all the disagreements". In 2009, Cyprus blocked six out of the 35 chapters Turkey must conclude as part of its EU accession negotiations.

Persons: Erdogan, Tayyip Erdogan, Vladimir Putin, Volodymyr Zelenskiy, Dalay, Washington, Biden, Putin, Dmitry Peskov, Peskov, Evren Balta, Orhan Coskun, Tom Perry, Mark Heinrich Our Organizations: NATO Russian, NATO, Western, Analysts, Ukraine, Chatham, VISA, Turkish, Reuters, Kremlin, Russia, European Union, EU, Union, Ozyegin University, Thomson Locations: Sweden, Turkey, Washington, ANKARA, ISTANBUL, U.S, Russia, Ukraine, Ankara, Moscow, Turkish, NATO, Republic of Turkey, Europe, Cyprus

☆ We're taking these steps to stay disciplined during a busy week of economic data and earnings
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

We're taking these steps to stay disciplined during a busy week of economic data and earningsJim says keep the losers at bay and stick with the winners but sometimes you need to take some chips off the table to prevent from being too concentrated. That's what happened with the Nasdaq Monday when the index announced it will undergo a special rebalancing to address the dominance of a select few of large cap tech stocks.

Persons: Jim Organizations: Nasdaq

☆ Reaction: June US jobs growth cools, but wages won't comfort Fed
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +6 min

Nonfarm payrolls increased by 209,000 jobs last month, the Labor Department said on Friday. "Today's numbers confirm the job market is still strong... and this report gives the green light to the Fed to raise rates. "If anything, it probably confirms this idea that the Fed has had that they are making progress in the right direction." "It's not like this is a sudden vast improvement in the labor market." The hours worked numbers are rising slower than the payrolls numbers.

Persons: Nonfarm, payrolls, CANDICE, GOLDMAN, BEN JEFFERY, “, PETER CARDILLO, we're, STUART COLE, JASON PRIDE, MICHAEL BROWN, ”, ” BRIAN JACOBSEN, MENOMONEE Organizations: YORK, Labor Department, Reuters, Treasury, BMO, NFP, Fed, Global Finance, Markets, Thomson Locations: GOLDMAN SACHS, PHILADELPHIA, WISCONSIN

LONDON, July 7 (Reuters) - Unsure which way the cookie crumbles from here - investors are being tempted to drop the bond. The broadest measures of government and corporate bonds have just stuck in mud. Two-year government bond yields are soaring. With June U.S. jobs growth going up yet another gear, U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. For all but longer-term pension and insurance funds or banks, bonds may be neither fish nor fowl for a while to come.

Persons: hasn't, Stocks, midyear underperformance, Mike Dolan, Josie Kao Organizations: Global, Bloomberg U.S, Treasury, Bank of, JPMorgan, Europe, Reuters, Twitter, Thomson

Even taking into account the dotcom bust and market crash following the 1999-2000 cycle, stocks still shone brighter. The average return of a 100% equity portfolio was 12.75%, an all-bond portfolio returned 9.10%, and a 60/40 portfolio generated 11.09% on average. Equities returned around 26% in the year after the Fed stopped tightening, bonds between 6-8%, and a 60/40 portfolio around 18%. Blended together, a 60/40 portfolio generated double-digit returns after five of these six cycles, including 25% in the mid-1990s. No two economic cycles, Fed reaction functions, inflationary dynamics or asset price dynamics are the same.

Persons: Joe Kleven, Kleven, Paul Volcker, Shelly Simpson, Simpson, Jamie McGeever, Andrea Ricci Organizations: Fed, Nasdaq, NYSE, Mega Tech, ICE, Treasury, Reuters, Thomson Locations: ORLANDO, Florida

☆ Fed's Logan says more rate hikes needed amid unexpected economic strength
▼ + stars: | 2023-07-06 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

Logan is a voting member of the rate-setting Federal Open Market Committee this year. Officials were still worried about inflation and flagged a still strong job market, while a minority of policymakers expressed interest in raising rates at the June meeting. Logan also said that she doesn’t see anything tied to the Fed’s balance sheet drawdown affecting the Fed’s rate choices right now, and said the Treasury’s work to rebuild its cash account is unlikely to hit bank reserves, with the cash instead drawn from the Fed's reverse repo facility. Logan said after her formal remarks that she was surprised markets expect a sooner end to the balance sheet drawdown than she bets is likely. Reporting by Michael S. Derby Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Lorie Logan, ’, ” Logan, ”, Logan, Jerome Powell, John Williams, it’s, “, Michael S, Nick Zieminski Organizations: YORK, Federal Reserve Bank, Dallas, Columbia University, , New York Fed, Fed, Thomson Locations: ,

☆ US weekly claims rise moderately; private payrolls surge in June
▼ + stars: | 2023-07-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"A tight labor market will keep the rate path on an upward trajectory, until policymakers see a material rebalancing in supply and demand." Claims, relative to the size of the labor market, are below the 280,000 level that economists say would signal a significant slowdown in job growth. A survey last month showed consumers' views of the labor market more upbeat in June relative to May. Though policymakers viewed the labor market as remaining "very tight," they "anticipated that employment growth would likely slow further." The claims data has no bearing on June's employment report, scheduled for release on Friday.

Persons: Rubeela Farooqi, Unadjusted, payrolls, nonfarm payrolls, Andrew Challenger, Lucia Mutikani, Safiyah Riddle, Chizu Organizations: Federal Reserve, Labor Department, Reuters, Treasury, Fed, ADP, Challenger, Companies, Thomson Locations: WASHINGTON, White Plains , New York, Minnesota, Michigan , New York , Kentucky, Ohio, Texas, New Jersey, U.S

LONDON, July 5 (Reuters) - Dismissal of this year's much-scorned equity market rally as the frothy preserve of a handful of AI-fuelled stocks may be both misleading and also one of its strengths. Or, put another way, if you remove the top 10 stocks, the other 490 would only have gained 4%. And an eye-popping 75% surge in the high-octane 10-stock FANG+TM index (.NYFANG) - mega cap U.S. digital and tech stocks including Apple, Microsoft, Nvidia and Tesla - underlines that. In short, they're hard to avoid unless you dodge either U.S.-listed companies or equity markets altogether. "While stock market investments may be risky in the short run, when viewed against inflation they have offered far more certainty in the long run," he told clients.

Persons: Russell, Andrew Lapthorne, Japan's, Germany's DAX, Italy's, Duncan Lamont, Lamont, Mike Dolan, Mark Potter Organizations: Nasdaq, Apple, Microsoft, Nvidia, Tesla, H1 Stock, Japan's Nikkei, MIB, McKinsey, Bank, Big Tech, Reuters, Twitter, Thomson Locations: Europe, Japan, U.S, United States

☆ US weekly jobless claims post biggest drop in 20 months
▼ + stars: | 2023-06-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

"A tight labor market will keep the rate path on an upward trajectory, until policymakers see a material rebalancing in supply and demand. "Initial claims for state unemployment benefits decreased 26,000 to a seasonally adjusted 239,000 for the week ended June 25. Continuing claims covered the period during which the government surveyed households for June's unemployment rate. The unemployment rate was at 3.7% in May. Economists had expected first-quarter GDP growth would be raised slightly to a 1.4% pace.

Persons: Rubeela Farooqi, Unadjusted, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Reuters, Conference Board, Labor, Gross, Commerce Department, Thomson Locations: WASHINGTON, U.S, White Plains , New York, Minnesota, California, Texas, Pennsylvania, Connecticut, New Jersey

☆ Asian shares subdued, yen and yuan hover near 8-mth troughs
▼ + stars: | 2023-06-29 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat, while markets in Singapore, India and Malaysia are closed for holidays. Japan's Nikkei (.N225), however, gained 1% and was headed for a monthly rise of 8.5% and a quarterly jump of 19%. The offshore yuan hovered near an eight-month trough at 7.24 per dollar on Thursday, after the central bank fixed the daily guidance at the weakest level since November. European Central Bank President Christine Lagarde, on the other hand, cemented expectations for a ninth consecutive rise in euro zone rates in July. U.S. crude futures were little changed at 69.55 per barrel, and Brent crude was down 0.1% at $74.00 per barrel.

Persons: HSI, Jerome Powell, Stephen Wu, Christine Lagarde, Kazuo Ueda, Mark McCormick, hawkish, Powell, Brent, Stella Qiu, Lincoln Organizations: SYDNEY, Japan's Nikkei, Nasdaq, Apple, Dow, Micron Technology, European Central Bank, Commonwealth Bank of Australia, ECB, Bank of Japan, U.S, Reuters, TD Securities, Thomson Locations: Asia, Pacific, Japan, Singapore, India, Malaysia

☆ Asian stocks teeter as Russia, rates and China risks weigh
▼ + stars: | 2023-06-27 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.08% at 0126 GMT, after dropping 0.06% an hour earlier. "Asian equities are set for a downturn on Tuesday, prompted by Wall Street's risk-aversion behavior," said Anderson Alves, a global macro analyst at ActivTrades. All three major U.S. stock indexes ended in the red on Monday, with megacap momentum stocks pulling the tech-heavy Nasdaq down the most. The Dow Jones Industrial Average (.DJI) fell 0.04%, the S&P 500 (.SPX) lost 0.45% and the Nasdaq Composite dropped 1.16%. Hang Seng Index (.HSI) and China's benchmark CSI300 Index (.CSI300) opened up 0.3% and 0.1%, respectively, shaking off losses from the past four sessions.

Persons: Wall, Anderson Alves, Alves, Goldman Sachs, Redmond Wong, Wong, Vladimir Putin's, Brent, Kane Wu, Sam Holmes Organizations: Nikkei, ActivTrades, Dow Jones, Nasdaq, U.S, Global, China, Saxo Markets, Treasury, Thomson Locations: HONG KONG, Russia, Asia Pacific, Japan, Europe, U.S, ActivTrades, Asia

☆ Malaysia's sovereign wealth fund seeks greater portfolio resilience in volatile markets
▼ + stars: | 2023-06-27 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Malaysia's sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director. Khazanah's net asset value declined 5% to 81 billion ringgit ($17.4 billion) in 2022 from a year ago, hit by global market downtrends, the fund said in March. The Kuala Lumpur-based fund invests more than half of its portfolio in public markets. "Looking at the volatility in the market, we are still in the process of rebalancing our portfolio," he added. Khazanah posted a 1.6 billion ringgit ($343 million) net profit in 2022 — more than doubling its net profit from the year before and a fourth-straight annual net profit after an unprecedented plunge in 2018.

Persons: Amirul Feisal Wan Zahir, Khazanah Organizations: CNBC, Energy Asia Locations: Khazanah Nasional, Kuala Lumpur

☆ Malaysia's Khazanah Nasional Berhad explains its strategy for volatility
▼ + stars: | 2023-06-27 | 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 EmailMalaysia's sovereign wealth fund on rebalancing portfolio for greater resilience in volatile marketsManaging Director Amirul Feisal Wan Zahir said there are opportunities even in the current volatile environment.

Persons: Amirul Feisal Wan Zahir

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