In the current uncertain macroeconomic environment, the world's largest asset manager, BlackRock Inc, predicts there won't be a "soft landing" and prefers to be overweight investment grade credit over standard equities. For the uninitiated, IG securities in the financial industry are government and private fixed-income instruments that have a minimal risk of default, such as bonds and notes.
John Lynch, Comerica Wealth Management's Chief Investment Officer, says there has been a growth in the money supply. Comerica Wealth Management is a part of Comerica Incorporated . Lynch added that there is a very strong correlation between core CPI and a one-year lag. Also Read: Consumer Price Index Jumps 9.1% In June, Breaches Expectations.
Recent multi-billion dollar mergers and upbeat earnings reports in the airline industry have revived optimism in the sector and on airline stocks as investors turn bullish on the sector's potential after being paralyzed by the COVID-19 pandemic in the past two years.
A new bill to ban members of the U.S. Congress from trading stocks while in public office is expected to be unveiled in August, according to a new report. What Happened: Democratic members of the House of Representatives are planning to unveil a bill to ban stock trading by members of Congress, Punchbowl News reported Thursday.
The global economy periodically experiences steep movements in commodity prices, causing cyclic booms and busts. An adage from the 1960s points out each commodity cycle lasts for about seven years. Historically, the 70s is an important decade for commodity cycles, recording all-time high prices.
For 14 years, the federal funds rate has hovered around zero. But, the economy has recovered since those events, and prices are rapidly increasing from record-high inflation and other factors. Despite this, business development companies, real estate investment trusts, and master limited partnerships pay much higher than average yields and can perform well during rate hikes.
Who are the most experienced and engaged cannabis finance reports? After the overwhelming success of Benzinga's 4/20 Miami event, the Benzinga Cannabis Capital Conference is returning to Chicago on September 13-14. As part of its fall event, Benzinga will celebrate the outstanding people, companies and organizations in the cannabis industry with the addition of the Benzinga Cannabis Awards.
A member of the U.S. Congress who has been bullish and outspoken on cryptocurrencies like Bitcoin is attracting large donations from cryptocurrency companies. What Happened: Executives of cryptocurrency companies and venture capitalists in the space beefed up donations to Cynthia Lummis, a Republican senator from Wyoming.
Consumer price inflation data set a new 40-year high in June, according to the U.S. Labor Department. Market Prices In Aggressive Hikes: Following the June inflation data, short-term fed funds futures rose, suggesting a peak fed funds rate of 3.68% by the end of 2022, said Bill Ackman, founder of hedge fund Pershing Square.
Tim Seymour is the founder and Chief Investment Officer of Seymour Asset Management. It aims to provide clients with asset management and wealth management services, including direct investment and allocation to private equity and alternative assets.
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