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Market Outlooks
Weekly Market Compass: Could the surge in market volatility signal the end of the current market cycle?
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Last Friday, Russia surprised markets by refusing the production cuts the rest of OPEC+ supported — cuts that were needed to stabilize oil prices in the face of the coronavirus-related hit to global demand. Saudi Arabia responded over the weekend by announcing an actual increase in oil production. This comes on the heels of an announcement by Italy effectively shutting down much of northern Italy.
Market Outlooks
Market Week in Review: Market volatility continues as spread of coronavirus intensifies
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On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Research Analyst Brian Yadao discussed the latest economic and market developments amid the ongoing coronavirus outbreak.
Market Outlooks
Weekly Market Compass: As markets struggle, where do global economies go from here?
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We have seen a rapid and dramatic market correction as a result of the news flow around the COVID-19 outbreak. This appears to be an overreaction, in my view — but I would not be surprised to see the sell-off continue as uncertainty remains high on key issues: ease of transmission, length of time a person can be infected and contagious without showing symptoms, mortality rates, and length of time before the infection rate stabilizes globally.
Market Outlooks
Market Week in Review: Could the coronavirus outbreak trigger a recession?
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On the latest edition of Market Week in Review, Quantitative Investment Strategist Dr. Kara Ng and Head of AIS Business Solutions Sophie Antal Gilbert discussed the latest on the coronavirus outbreak and its potential impact on global markets and economies.
Market Outlooks
Weekly Market Compass: Recent data reveal the economic impact of coronavirus
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Last week both the S&P 500 and Nasdaq Composite indexes hit all-time highs mid-week before falling significantly at the end of the week on fears about the novel coronavirus (also known as COVID-19) impacting economic growth. Concerns about the contagion were amplified by the release of US Purchasing Managers’ Index (PMI) flash data for February.
Market Outlooks
Market Week in Review: Does coronavirus pose a long-term risk to the global economy?
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On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Head of AIS Business Solutions Sophie Antal Gilbert discussed the latest coronavirus headlines, flash PMI (purchasing managers’ index) data for February and watchpoints for markets as the U.S. Democratic primary season heats up.
Market Outlooks
Weekly Market Compass: The market impact of coronavirus has begun to spread
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The floodgates are opening. Companies are beginning to warn that the coronavirus outbreak will impact earnings, and stocks have begun to react negatively. Yesterday, Apple announced that the contagion will cause it to miss revenue forecasts for the quarter. The problems are on both the sales and production ends: Most Apple stores in China remain closed, and while Apple factories there have reopened, they are not operating at full capacity but instead are slowly ramping up production. In addition, Tesla and Alibaba have recently provided coronavirus-related earnings warnings. Alibaba has gone so far as to label the coronavirus outbreak a “black swan event.”
Market Outlooks
Market Week in Review: Coronavirus and the global economy: Stimulus to the rescue?
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On the latest edition of Market Week in Review, Senior Portfolio Manager Megan Roach and Research Analyst Brian Yadao discussed the latest coronavirus developments as well as recently released European macroeconomic data. They also chatted about U.S. Federal Reserve (the Fed) Chairman Jerome Powell’s testimony before Congress, and provided an update on fourth-quarter earnings season.
Market Outlooks
Weekly Market Compass: Three key takeaways from the Fed’s Monetary Policy Report
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In last week’s blog, I noted that what I would be following most closely that week was the release of the Federal Reserve’s Monetary Policy Report, because it provides insight on what the Fed is thinking. On Friday, the Fed released this semi-annual report in advance of Fed Chair Jay Powell’s Humphrey-Hawkins testimony before Congress on Feb. 11 and 12.
Market Outlooks
Market Week in Review: Post-holiday cheer: U.S. January jobs report shines, manufacturing expands
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The U.S. economy added 225,000 jobs in January, a number Robison characterized as massively positive. “U.S. nonfarm payroll additions last month surpassed most estimates, and came in far above the replacement rate—the number of new jobs needed on a monthly basis to keep up with population growth,” he remarked.