report by BlackRock
Results for ""
Market Outlooks
The Fed’s new framework and its evolving reaction function
This piece is approved to use with clients.
Amid an accelerating election season, ongoing pandemic and a return to partisan gridlock, the Federal Reserve (Fed) has been a bit less prominent in the news cycle lately. However, at the central bank’s annual August retreat in Jackson Hole, Chairman Jerome Powell announced amendments to the Fed’s Statement on Longer-Run Goals and Monetary Policy Strategy, which had been largely unchanged since 2012. At a recent mini-forum on this topic, we discussed the significance of this change and its implications for future Fed policy and for investors.
Fixed Income Insights
October Fixed Income Market Update
This piece is approved to use with clients.
In our view, while economic data has been generally improving, higher frequency data such as elevated jobless claims and small business employment highlight the risk that the recovery could stall absent additional fiscal stimulus. Given tensions and political posturing entering the last stages of election season, short-term we believe risk premiums should be higher on the margin until resolution of the election.
Market Outlooks
BMO Market Charts- October 19, 2020
This piece is approved to use with clients.
The Technology sector has contributed 94% of the S&P 500’s YTD return and currently has a 28% weighting in the index. The remaining ten sectors, on average, have contributed less than 1%.
Market Outlooks
Weekly Market Snapshot: October 16, 2020
This piece is approved to use with clients.
Read the Weekly Market Snapshot to stay up-to-date with stock markets and sectors, bond market returns and financial news for the week.
Market Outlooks
Weekly Wire: When it comes to the election, what is the market “pricing in?”
This piece is approved to use with clients.
Investors pay attention to the stock market not just because they are investing in it, but because they consider the market one of – if not the most – accurate of all leading indicators. Said differently, the market, in its infinite wisdom, will lead the real economy and will tell us where the world is headed.
Market Outlooks
Weekly Wire: Have we seen this movie before?
This piece is approved to use with clients.
Before we dive into the weekly wire there are two BIG disclaimers we need to address. First, we are not determining which political party bears responsibility for the state of fiscal stimulus negotiations.
Market Outlooks
BMO Market Charts - October 12, 2020
This piece is approved to use with clients.
Price moves (i.e., rate and spread changes) may dominate in a given year, but over time, income has driven the returns of U.S. investment grade corporate bonds.
Market Outlooks
Weekly Market Snapshot: October 09, 2020
This piece is approved to use with clients.
Read the Weekly Market Snapshot to stay up-to-date with stock markets and sectors, bond market returns and financial news for the week.
Market Outlooks
Weekly Wire: An unsettled world becomes more so
This piece is approved to use with clients.
An unsettled world – a pandemic, a contentious election, a strained political and cultural discourse, unrest in our streets – has become more so with news President Trump and First Lady Melania Trump tested positive for COVID-19.
Market Outlooks
Weekly Wire: Quarter-end Q&A 3Q2020
This piece is approved to use with clients.
Tim Holland, CFA, Global Investment Strategist, asks and answers three top-of-mind questions as investors receive their quarterly statements and reflect on the past quarter:
Market Outlooks
BMO Market Charts - October 05, 2020
This piece is approved to use with clients.
As Treasury rates have fallen, spreads - the incremental yield between Treasury and Non-Treasury assets - have become a larger component of Corporate Bond total yields.
Market Outlooks
Weekly Market Snapshot: October 02, 2020
This piece is approved to use with clients.
Read the Weekly Market Snapshot to stay up-to-date with stock markets and sectors, bond market returns and financial news for the week.