James Picerno Blog | Talkmarkets | Page 1
Editor at The ETF Asset Class Performance Review
Contributor's Links: The Capital Spectator

James Picerno is a veteran financial journalist and has been writing about portfolio strategies, investment products, and macroeconomics since the early 1990s at Bloomberg, Dow Jones and other media groups before becoming an independent writer/analyst/consultant in 2008. He’s currently ... more

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Is The Post-Crash Reflation Trade Fading?
Last month the Federal Reserve announced that it was adjusting its monetary policy in a bid to push inflation higher.
Long-Term Corporates And Junk Lead Bond Market Rebound
Nearly every corner of global markets has rebounded sharply since the coronavirus crash pulled the rug out of asset prices in March. The US bond market is no exception, which has enjoyed a strong rally.
Is The US Economic Recovery Fading?
Judging by several third-quarter GDP nowcasts, the rebound remains strong. But GDP estimates only capture one dimension of how the economy is faring in the wake of the coronavirus recession.
Commodities And Emerging Markets Stocks Rallied Last Week
Commodities continued to rise last week, posting a second weekly gain. Stocks in emerging markets and foreign real estate shares also popped, generating similar increases.
Growth And Momentum Equity Factors Lead Market Rebound
Equity strategies focused on growth and momentum were the top-performing risk factors before the coronavirus crash and nothing’s changed during the market’s rebound from its March 23 low.
It’s Hard To Raise Inflation If It’s Unclear Why It’s So Low
The Federal Reserve yesterday announced that it would keep interest rates near zero for “some time” until the economy generates full employment and inflation is “moderately” above the central bank’s 2% target.
Ranking The Market’s Rebound By Equity Sectors
Since the US stock market hit bottom on March 23, the subsequent rally has been swift but uneven. An elite set of sectors have outperformed the broad market, based on a set of ETFs through yesterday’s close (Sep. 15).
Treasury Market Yawns At Fed’s New Inflation Policy
When a central bank announces a formal policy change to lift inflation it’s reasonable to expect that the government bond market would notice.
Mixed Results For Major Asset Classes Last Week
Investors had a tough time identifying a unified narrative for global markets last week, based on a set of ETFs.
China Stocks Still Posting Wide Lead For Global Equities In 2020
The recent round of selling has taken a bite out of stocks around the world, but the year-to-date results continue to favor China’s equities by a wide margin.
US Q3 GDP Outlook Remains On Track For Strong Rebound
The record decline in US output in the second quarter is expected to post a strong but partial recovery in the upcoming Q3 GDP report.
Testing Bond Alternatives For Traditional Stock-Bond Portfolios
A recent GMO research note argued rather persuasively that low yields on bonds create headwinds for fixed income as a strategy for smoothing out market volatility in portfolios when stocks take a beating.
Will Last Week’s Risk-Off Trade Roll On?
The US trading week begins with red ink hanging over the major asset classes from last week’s sell-off. With the exception of foreign corporate bonds and investment-grade fixed-income in the US, all flavors of global markets lost ground last week.
The ETF Portfolio Strategist: Risk Bites Back
Is this just one more pause in an ongoing bull market? What is clear is the S&P 500 Index took a beating in the final two trading days of this week, although it managed to claw back some of the losses in the final hours of trading.
Will Bonds Continue To Provide Portfolio-Diversification Benefits?
Has the bond market run out of road as portfolio-diversification tool? No one knows for sure, but for some analysts the writing’s on the wall and markets are facing regime shift.
Growth And Momentum Equity Factors Pull Further Ahead
How has the US stock market performed so far this year? The answer, depends on the definition of “the market.” If we’re slicing and dicing by factor buckets these days, the possibility of radically different answers has rarely been so stark.
1 to 16 of 1924 Posts
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