Treasury Rally Ignites Debate on How Fast Fed Needs to Cut

Aug 6, 2024 | Markets

Two-year yield dipped below 10-year for first time since 2022 Traders are pricing in risk of a cut before September meeting A major rally in the $27 trillion Treasury market is laying bare anxiety that the US economy is sliding into recession and the Federal Reserve...

Commodities Face Contagion as Global Market Meltdown Deepens

Aug 5, 2024 | Markets

Losses in copper and crude underscore worries over growth Investors bail on profitable gold trades to cover other losses Commodities from copper and gold to crude oil tumbled, while paring back some of the losses, as global economic malaise dimmed the outlook for...

Volatility-Rocked Quants Threaten New $170 Billion Selling Spree

Aug 5, 2024 | Markets

Vol-control funds and CTAs sharply cut stock exposure High volatility may cause more selling from systematic players Systematic funds have offloaded more than $130 billion of global stock bets in recent weeks. Now these rules-based players threaten to take their...

This May Be 1987-Type Slide, Ed Yardeni Says, Seeing Policy Shifts

Aug 5, 2024 | Markets

Economist famed for ‘bond vigilantes’ term coined in 1980s Yardeni sees some risk of credit crunch, but not base case Longtime market and economy watcher Ed Yardeni said that the current global equities selloff bears some similarity to the 1987 crash, when...

Vanguard CEO Aims to Bring Low-Cost Investing to Private Assets

Aug 5, 2024 | Markets, Private Markets

Salim Ramji took over as firm’s first-ever outsider CEO The new chief has no plans to try to take Vanguard public Vanguard Group Chief Executive Officer Salim Ramji said his firm is “really about” low-cost investing, and that he’d eventually like that to carry into...

Sahm Sees US ‘Uncomfortably Close’ to Recession, Not in One Yet

Aug 5, 2024 | Markets

Sahm says Fed is deliberate, but shifts tack when it needs to The good thing is that the Fed has space to do ‘quite a bit’ Former Federal Reserve economist Claudia Sahm said that while the US isn’t yet in a recession, it’s “uncomfortably close,” and predicted central...