TIMELY MARKET UPDATES
The U.S. Struggles to Make Rent, and is EM Ready to Run?
There’s a lot going on in D.C these days, but an effective response on housing—or a cross-party compromise on the next round of stimulus funding—doesn’t appear to be one of them. Stimulus talks have reached a stalemate as the share of the population unable to meet housing costs soars.
How Should Investors Think About the Upcoming Election’s Impact on the Stock Market?
The top question we are being asked from advisors right now: “is there data that can help me anticipate stock market returns in an election year?” While we have outlined some key data worth examining, our takeaway is we would caution against making any significant investment decisions based on these trends.
Breaking Down the Jobs Report, Bond Yields Dwindle Further, and America Goes Back to School
Congress reached an impasse on the next round of stimulus funding last week—particularly the boost to unemployment benefits—just ahead of Friday’s jobs report. Could this back to school season be the start of more trouble for public health and the economy?
LISTEN: PM Brendan Ryan on ‘Behind the Markets’
BCM Portfolio Manager Brendan Ryan, CFA® joined Jeremy Schwartz and Jeremy Siegel of Wharton Business Radio’s Behind the Markets podcast to discuss why traditional asset allocation methods are no longer sufficient, emerging short- and long-term market trends, and how to use machine learning to pursue prudent risk taking in an era where it’s becoming more necessary than ever.
Some Perspective on GDP, Record Earnings Beats, and Real Rates Continue to Sink
The 32.9% annualized hit to U.S. GDP may have cast a shadow over the end of last week, but a comparison to the Eurozone shows that we were relatively successful in blunting the economic damage. Government debt is soaring though and is set to climb higher when Congress comes to an agreement on the next round of stimulus funding…
The Record-Setting GDP Hit, Shaky Earnings Estimates, and Big Tech Gets Bigger
Stocks closed lower yesterday after a record-setting blow to U.S. GDP revealed the extent of the virus’s economic impact, the contraction was the sharpest in modern U.S. history. Annualized figures (re: the oft-quoted 32.9%) can be deceptive during periods of swift change though, and growth is expected in Q3
Consumer Confidence Ticks Lower, the Mega-Caps Keep Busy, and the Gold Rush Continues
Consumer confidence has dipped as congress continues to hammer out the details of the next stimulus package amid a stalled recovery. The tech giants continue to outperform even while the heads of Amazon, Apple, Google, and Facebook sit together before Congress today on antitrust allegations.
Gold and Semiconductors Surge, and Economists’ Interest Rate Predictions
There is a lot of news coming this week including key earnings announcements, the FOMC meeting and today’s reveal of the Republican’s proposed stimulus plan. Stay tuned for more on those topics but today, we are seeing a continued surge in Gold’s price as the dollar sits at its weakest level since January. Could fears of stagflation be contributing?
Political Tension and Stalled Recovery Spark Market Losses, and What’s Ahead for Bond Yields?
Equities have sunk on growing political tension with China and new, depressing Covid-19 milestones—the U.S. passed 4 million cases yesterday as global cases climb at nearly 300,000/day—and look to have lowered their expectations for a swift economic recovery.
VIDEO: BCM’s 2Q20 Quarterly Market Update Call with the PM
We’ve come a long way since the onset of the Covid-19 crisis and resultant market meltdown in Q1—the S&P 500® Index has erased its losses for the year and the Nasdaq has hit new all-time highs—but we’re far from out of the woods.