DIRS.INFO The most relevant business & tech news

☆ Credit spreads could increase, says Carlyle
▼ + stars: | 2023-06-07 | 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 EmailCredit spreads could increase, says CarlyleMark Jenkins, head of global credit at Carlyle, says a rise in defaults could increase credit spreads, but credit spreads are still "well below recessionary levels from a historic perspective."

Persons: Carlyle Mark Jenkins, Carlyle

☆ Billionaire bond investor Jeffrey Gundlach dials up his warning of a US recession, pointing to signs of falling demand
▼ + stars: | 2023-06-07 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"Bond King" Jeffrey Gundlach warned that a US recession is imminent, pointing to signs of weakening demand. "It's pretty clear that we have the look of soon to be at the front end of a recession," the billionaire investor said. Gundlach has consistently rang the alarm on an oncoming downturn as the economy faces a raft of headwinds. "It's pretty clear that we have the look of soon to be at the front end of a recession," Gundlach said. This is not the first time Gundlach, often called "Bond King" for his success in fixed-income investing, has warned of a oncoming US recession.

Persons: Jeffrey Gundlach, Gundlach, —, David Rosenberg, that's Organizations: Service, Privacy, DoubleLine, CNBC, Deutsche Bank, Institute of Supply Management, Federal Reserve

☆ Jeffrey Gundlach sees higher chance of downturn as economic indicators look 'full on recessionary'
▼ + stars: | 2023-06-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that it looks increasingly likely the U.S. will tip into a recession. The yield-curve inversion has been a reliable recession predictor and signs of a reversal could be indicative of an imminent economic downturn. Meanwhile, Gundlach said ISM supplier delivery delays are near their lowest levels in 30 years, showing greater supply than demand, which further indicates a weak economy. Gundlach said his preferred portfolio mix right now consists of 30% stocks, 60% bonds and 10% real assets. In terms of real assets, Gundlach said he favors gold, even though he's now less bullish than he was.

Persons: Jeffrey Gundlach, Gundlach, Goldman Sachs, nonfarm, he's Organizations: DoubleLine, Conference Board, Federal Locations: U.S

☆ Premarket stocks: Main Street traders are taking big risks. They might not pay off
▼ + stars: | 2023-06-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.

Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, “, ”, Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro

☆ Recessionary fears are stopping us from seeing how tight the oil market is, says Ninepoint Partners
▼ + stars: | 2023-06-05 | 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 EmailRecessionary fears are stopping us from seeing how tight the oil market is, says Ninepoint PartnersEric Nuttall of Ninepoint Partners and Paul Sankey of Sankey Research discuss oil demand and prospects of a recession.

Persons: Ninepoint, Eric Nuttall, Paul Sankey Organizations: Ninepoint Partners, Sankey Research Locations: Sankey

☆ A top Wall Street investment strategist breaks down why stocks are setting up for a 22% drop in the second half of the year — and shares 2 signs that show a recession is likely
▼ + stars: | 2023-06-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Piper Sandler's Michael Kantrowitz says a recession is hurtling toward the US economy. He pointed to stocks falling in lockstep with rising unemployment claims in 2007, 2000, 1990, 1981, 1973, and 1969. Today, investors are again doing a poor job of forecasting rising unemployment claims in the months ahead, Kantrowitz believes. Underpinning Wilson's call is an earnings recession this year that investors aren't pricing in. "We first started talking about the coming earnings recession a year ago and received very strong pushback, just like today.

Persons: Piper Sandler's Michael Kantrowitz, Kantrowitz, Michael Kantrowitz doesn't, Piper Sandler, it's, Louis, Greg Boutle, Cantor Fitzgerald's Eric Johnston, Venu Krishna, Morgan Stanley's Mike Wilson, Wilson, Albert Edwards Organizations: Energy, Survey, Federal Reserve Bank of St, BNP, Barclays, Conference, Board, National Federal, Independent, of Labor Statistics, Generale's Locations: lockstep

☆ 'The haves and have-nots market': 2023 trends for the ETF investor
▼ + stars: | 2023-06-02 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

Among global recessionary fears, interest rate uncertainty and a drawn-out debt ceiling debate, safe haven strategies have been at the forefront for investors in 2023. "If I'm defining 2023, I see three big trends," John Davi, chief investment officer at Astoria Portfolio Advisors, told Seema Mody on CNBC's "ETF Edge" on Wednesday. Davi said that bond ETFs have taken in $82 billion this year, compared with $55 billion flowing into equity funds. "The international markets are much further behind the interest rate cycle and the inflation cycle. The iShares MSCI Spain ETF (EWP) is up nearly 14% this year, while the iShares MSCI Germany ETF (EWG) has gained 15%.

Persons: there's, John Davi, Seema Mody, you've, Davi, Dave Mazza, Mazza Organizations: Astoria, Finance, NASDAQ, Roundhill Investments Locations: U.S, Spain, Germany

☆ 'It's darkest before dawn': The global head of portfolio construction at a $311 billion firm explains why investors who haven't pivoted from defense to offense could be giving up big returns — and bre
▼ + stars: | 2023-06-02 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In the face of an impending downturn, investors have been flocking to defensive assets. Maybe the most important pivot is actually going to be the pivot in portfolios from defense to offense," Hetts told Insider in a recent interview. According to Hetts, investors who don't have an appropriate allocation to offensive assets risk not being exposed to the market's upside when it rebounds. In fact, Hetts actually believes that the rotation to offensive assets may come sooner than investors imagine. Balancing defensive and offensive investmentsIn the case of a lasting bear market, Hetts expects a drop in earnings growth.

Persons: Adam Hetts, aren't, Hetts, Janus Henderson, we're, Warren Buffet Organizations: Janus, Janus Henderson Investors

Bank of America thinks electric vehicle charging company ChargePoint is well-positioned to capitalize on industry and regulatory tailwinds. Analyst Alex Vrabel upgraded shares to buy from neutral. His new price target of $14 implies a 65% rally from Friday's close. "CHPT [is] a best-in-class way to play [the] EV charging theme," he added. Despite the decline, Vrabel said the company's fundamentals remain intact and that he is comfortable on the "line of sight to cash inflection.

☆ The S&P 500 is up almost 8% in the first 100 trading days of the year. That bodes well for the rest of 2023
▼ + stars: | 2023-05-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

When the S & P 500 has risen more than 7% over the first 100 trading days in an average year going back to 1950, the index rallies another 9.4% over the balance of the year, for a total annual return of 23.6%. By comparison, the S & P 500 has gained an average of 9.8% annually since its inception in 1928, according to Investopedia . This year should end no differently than others when the index rose 7% or more during the first 100 trading days, Detrick said, despite concern the economy could tip into a recession, denting corporate profits. The Russell 2000 Index of small-cap stocks has fallen 0.8% so far this year, while the S & P 500 Financial Index has slumped 7.4% year to date. "Stocks lead the economy," Detrick said.

Persons: Ryan Detrick, hasn't, Detrick, Russell Organizations: Carson Group, Fed

☆ Best Buy shares rise on earnings beat, even as CEO says shoppers are showing 'recessionary behaviors'
▼ + stars: | 2023-05-25 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Televisions are seen for sale at a Best Buy store in New York City. As people buy fewer TVs, smartphones or home theater systems, Best Buy has looked for other ways to make money. It recently relaunched its membership program, My Best Buy, which charges a subscription fee and includes features like tech support, extended returns and early access to hot products. As of the end of January, Best Buy had more than 90,000 employees in the U.S. and Canada. She added that Best Buy wants to move more employees to roles where they interact with customers.

☆ Saudi oil minister warns market speculators to 'watch out' ahead of OPEC+ meeting
▼ + stars: | 2023-05-23 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Abdulaziz bin Salman, Saudi Arabia's energy minister, speaks during a panel session at the Qatar Economic Forum in Doha, Qatar on May 23, 2023. Saudi Oil Minister Prince Abdulaziz bin Salman on Tuesday told market speculators to "watch out," reiterating his warning that they could face pain ahead. The Saudi oil minister has previously struck out against price speculators looking to profit off predicting the output decisions of OPEC+, which next meets on June 4. The organization's executive director, Fatih Birol, nevertheless on Sunday told CNBC that a potential — if unlikely — U.S. debt default could trigger a drop in oil demand and prices. "With several OPEC+ member countries voluntarily removing barrels from the market, and amid rising demand during the Northern Hemisphere's summer, we expect larger inventory draws to materialize and bring investors back to the oil market," they said.

Persons: Abdulaziz bin Salman, Prince Abdulaziz bin Salman, …, —, Abdulaziz, Fatih Birol Organizations: Qatar Economic Forum, Saudi Oil, Tuesday, ICE Brent, International Energy Agency, Sunday, CNBC, Swiss, UBS Locations: Saudi, Qatar, Doha, OPEC, London, Saudi Arabia, U.S, Beijing, China, Paris

☆ A fund manager for institutional clients shares the offensive and defensive strategies she uses to build portfolios that can navigate all conditions and last generations — plus what all investors can
▼ + stars: | 2023-05-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Menon has discretion over several institutional clients' portfolios including endowments, foundations, pensions, and healthcare institutions. Regardless of expectations, Menon emphasizes that it's hard to build a portfolio around any particular macroeconomic outcome. This means creating a portfolio that prioritizes offensive assets through equities while adding defensive securities, she noted. When it comes to defensive positions, the two most important things a portfolio needs protection against are inflation and deflation. "Private equity would fall more in the space of offense in terms of generating long-term growth in a portfolio," Menon said.

☆ A CIO who helps oversee $100 billion says the mega-cap tech elite responsible for broad stock-market gains this year are more at-risk than people think — and shares 3 areas he likes within equities fo
▼ + stars: | 2023-05-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In particular, Chang believes that mega-cap tech stocks have gotten overextended, and are expensive relative to the rest of the market. But looking below the surface, Chang says that most of this appreciation has been concentrated within a handful of mega-cap tech stocks. Once the recession begins to ease, Chang believes that cyclical names linked to economic strength will start to outperform. That includes tech stocks — specifically semiconductor companies. However, Chang believes that a recessionary period should present better entry points for any investors interested in buying riskier high-yield fixed income assets.

☆ Oil price dip ignores burgeoning Chinese demand and imminent supply crunch, IEA warns
▼ + stars: | 2023-05-16 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Aerial view of oil and gas jack-up rig at the yard for maintenance with many vessels in Singapore. Oil prices saw three consecutive weekly declines last week, marking the longest losing run this year. Chain45154 | Moment | Getty ImagesThe ongoing pressure in oil prices neglects an accelerating demand outlook and looming supply tightness, the Paris-based International Energy Agency warned on Tuesday. Persisting concerns over "muted industrial activity and higher interest rates ... combined have led to recessionary scenarios gaining traction and worries of a downward shift in the oil demand growth," the IEA said in its latest monthly Oil Market Report. Chinese crude oil purchases were curtailed by spartan zero-Covid-19 restrictions that were in place for the majority of last year, with analysts widely expecting Beijing's economic reopening to kickstart a surge in oil prices.

☆ Americans are setting vacation records and splurging at bars, restaurants and hotels
▼ + stars: | 2023-05-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

This expected strength in leisure spending means big business for an industry that was on its knees just three years ago. When the pandemic began, restaurants, bars and hotels were hard hit, shedding more than 8 million jobs in the first few months of 2020. A recent survey from Bank of America showed that 68% of Americans plan to take a vacation this year. Vacationing remained elevated in April with 2.7 million Americans not at work because they were on vacation, the highest level for that month since 2017. Leisure spending is usually first on the chopping block because of its discretionary nature.

☆ Apple is bigger than the whole market for small caps again. Here's what it means for investors
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The combined value of all of Apple 's shares is greater than the entirety of an index comprised of 2,000 small stocks. That's bigger than the combined market cap of all 2,000 stocks in the small cap-focused Russell 2000 , which was at $2.208 trillion. "It is apples to oranges — or small caps," said Willie Delwiche, founder of Hi Mount Research. DeSanctis also noted the overhang of the debt ceiling could add further pressure to small caps, given their underperformance in 2011. "If something goes right for small cap or the overall market, small can have a really nice bounce," he said.

☆ A 31-year market vet who called the current bear market warns an impending credit crunch and recession will sink stocks by 45% as valuations remain higher than dot-com bubble levels
▼ + stars: | 2023-05-13 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Indicators like initial and continuing unemployment claims and loan demand show weakness. A recession paired with high valuations spells trouble for stocks, he said. For example, the number of initial unemployment claims is starting to jump at a recessionary pace, Wolfenbarger said. The four-week moving average of initial unemployment claims has risen 29% over the last eight months. Hussman FundsWhat others are sayingMany market onlookers have highlighted high stock market valuations in recent weeks.

☆ Oil prices climb on positive US fuel demand data
▼ + stars: | 2023-05-11 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +2 min

May 11 (Reuters) - Oil prices bounced back on Thursday after dropping by more than a dollar a barrel the previous day, supported by stronger fuel demand data from the United States, the world's top oil consumer. Brent crude futures rose by 56 cents, or 0.7%, to $76.97 a barrel by 0330 GMT, while U.S. crude futures rose 53 cents, also up 0.7%, to $73.09. A sharper-than-expected drop in U.S. gasoline inventories boosted prices, reflecting stronger demand for transport fuels in the U.S. The latest U.S. data showed consumer prices rose in April, increasing the likelihood that the Federal Reserve will maintain higher interest rates, which can have the knock-on effect of reducing oil demand. Distillate stocks also declined, while U.S. jet fuel demand rose to its highest level since December 2019.

☆ Washington is at an impasse on the debt ceiling. Here’s what that might mean for your portfolio
▼ + stars: | 2023-05-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Income-focused investors seeking yield and safety in Treasury bills are likely nervous as debt ceiling rhetoric heats up in Washington, but they should take a breather before they dump these assets. In the short-term Treasury market, investors are already showing some signs of anxiety. In that case, holders of short-term T-bills could see declines in their portfolio values as yields spike, he added. Review your holdings Now could be a good time to review your bond holdings, particularly the short-term T-bills that are seeing a big jump in yields. But the longer-term advice is to snap up longer-dated bonds to prepare for the day the Federal Reserve starts to dial back its tight monetary policy.

Persons: Joe Biden, Biden, Kevin McCarthy, Hakeem Jeffries, Janet Yellen, Yellen, Kathy Jones, Gustavo Schwenkler, Jones, Thomas McLoughlin, McLoughlin, Christine Benz, Jamie Hopkins, — CNBC's Michael Bloom Organizations: Treasury, Schwab Center, Financial Research, Santa Clara University Leavey School of Business, Federal Reserve, UBS, Morningstar, Carson Group Locations: Washington, D, U.S

The U.S. debt crisis is a headache for Japan, which is this year's G7 chair and the world's biggest holder of U.S. debt. Five more countries were invited to the outreach including Brazil, India and Indonesia - but not China - although emerging nations' debt problems will feature high on the agenda. On the other hand, Tokyo is courting China to join a creditor nations' meeting it initiated to resolve Sri Lanka's debt. "The agenda of talks show how G7 is becoming increasingly politicized in nature, with an emphasis on countering China." The International Monetary Fund last month trimmed its 2023 global growth outlook and warned a severe flare-up of financial system turmoil could slash output to near recessionary levels.

LONDON, May 10 (Reuters) - The global copper market is facing another year of supply deficit, according to the International Copper Study Group (ICSG). The Group's April forecast is for a supply shortfall of 114,000 tonnes this year after a 431,000-tonne deficit in 2022. The calculation could easily be thrown off, since it is based on changes in visible inventory combined with China's net imports of refined metal. Last year's elevated net imports served to inflate China's apparent usage. A 16.4% slump in net imports over the first quarter of this year will do the reverse.

☆ Fintech CEO Chris Britt of Chime on reasons Americans don't trust banks
▼ + stars: | 2023-05-09 | by ( Ian Thomas | ) www.cnbc.com time to read: +1 min

The disruption of traditional bricks-and-mortar banks by fintech companies was already occurring when the pandemic sent startups offering banking services faster, cheaper, and more digitally accessible into overdrive. A rush of venture capital followed, with fintech companies raising more than $130 billion in 2021 alone, creating more than 100 new unicorns, or companies with at least $1 billion in valuation. Legacy banks have seen their efforts to disruptor these disruptors fall short of expectations – for example, Goldman Sachs recently pulled back on its fintech ambitions. But Chris Britt, CEO of Chime, which ranked No. "Big banks do a pretty good job with high income, high FICO score folks who have big deposits and are credit worthy, but for most Americans, the 65% that live paycheck to paycheck, the only way that big banks can make the math work on serving them is by being very punitive on fees."

UBS says it sees "the sun shining bright from the bottom of the pool" on Pentair . The analyst thinks that the pool business is nearing a trough in demand in the third quarter. "Nearer-term, we see the guided ~20% pool volume decline this year as sufficient to de-risk the business, which should start shifting investor focus to the 2024 demand recovery. PNR should see healthy margin uplift from operating initiatives paired with volume growth post-'23," Karas said. PNR YTD mountain Pentair PLC stock —CNBC's Michael Bloom contributed to this report.

Search resuls for: "Recessionary"

25 mentions found