Author: Zito Partners

Bryce Doty in Bond Buyer

Powell’s only vow remains to ‘act as appropriate’ Federal Reserve Board Chairman Jerome Powell again pledged the central bank “will act as appropriate to sustain the expansion,” saying there were “no recent precedents to guide” policy decisions. Markets were relieved he didn’t rule out cuts, but disappointed he didn’t suggest more were coming. Read more […]

Tortoise's Rob Thummel in Reuters

Canada’s Pembina Pipeline makes storage play with $3.3 billion Kinder Morgan deal Canada’s Pembina Pipeline Corp (PPL.TO) has agreed to buy Kinder Morgan Canada (KML.TO) and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada. Years of delay in building new pipelines have led to […]

Jack Morris in RE-NJ

Edgewood opens 209-unit Freehold project, unveils veterans housing initiative Edgewood Properties has opened the doors to a new luxury apartment complex in Freehold, where it has launched a leasing program that gives priority to current and former military personnel. Known as The Edge at Freehold, the 209-unit community sits along a heavily traveled stretch of […]

Bryce Doty quoted in The Wall Street Journal

Stocks Climb on Strong Retail Earnings Investors are awaiting minutes from the Federal Reserve’s latest meeting for clues on interest-rate policy U.S. stocks surged Wednesday after strong earnings reports from retailers eased some fears about slowing economic growth. The Dow Jones Industrial Average and the S&P 500 climbed about 1% apiece shortly after the opening […]

Thornburg Investment Management's Jason Brady on CNBC

Expect the US economy to go into a recession mid-next year: Societe Generale strategist –
Jason Brady, Thornburg Investment Management, Chris Zaccarelli, Independent Advisor Alliance, and Subadra Rajappa, Societe Generale, join ‘The Exchange’ to discuss the markets reaction as investors closely watch the yield curve inversion for signs of a recession.

Tortoise's Rob Thummel in Reuters

Bid for Inter Pipeline highlights Canada’s oil sector bright spot A recent unsolicited bid for Inter Pipeline Ltd (IPL.TO) has highlighted the potential of Canada’s midstream companies to offer insulation from volatile oil prices. Inter Pipeline, Pembina Pipeline Corp (PPL.TO) and Keyera Corp (KEY.TO) own key infrastructure such as gathering pipelines, gas-processing plants and storage […]

Tortoise's Rob Thummel quoted in Bloomberg

Oil Slumps as Rising Storage Offers No Relief Amid Market Panic U.S. crude inventories grew for second week, EIA says WTI futures slip more than 5%, joining equities slide Oil tumbled the most in a week as global financial markets swooned and swelling U.S. crude stockpiles reinforced fears about an economic slowdown. Futures slipped more […]

Bryce Doty quoted in MarketWatch

Two-year Treasury yield logs biggest daily rise in five weeks after signs of trade progress Hong Kong, Argentina still provide need for safe haven assets Short-term U.S. Treasury yields jumped on Tuesday after reports of progress in U.S.-China trade negotiations sapped demand for safe assets like bonds. Read more here: https://www.marketwatch.com/story/long-term-treasury-yields-deepen-plunge-to-multiyear-lows-2019-08-13

Bryce Doty quoted in Bond Buyer

Broad-based inflation gains unlikely to repeat While the consumer price index climbed 0.3% in July, as did the core rate, the broad-based increases are unlikely to continue, according to analysts. The Federal Reserve shrugs off single month spikes or drops, and therefore, hasn’t impacted greatly the market’s belief the Fed will again cut rates 25 […]

Tortoise's Rob Thummel in the Wall Street Journal

Oil’s Slide Deepens on Mounting Demand Worries Unexpected rise in crude stockpiles sends prices to lowest close since mid-January A rout in oil prices deepened Wednesday after government data showed an unexpected increase in stockpiles, triggering fresh worries that demand for fuel is weakening alongside the U.S. economy. U.S. crude futures fell 4.7% to $51.09 […]

Tortoise's Brian Kessens in Bloomberg

Oil Slump Deepens on ‘Shocking’ Jump in U.S. Fuel Stockpiles Swelling American inventories compound global recession fears WTI futures fall almost 6%; Brent crude hits 7-month low Oil plunged, re-entering bear-market territory, as a surprise increase in American crude stockpiles fueled worries about a growing glut amid an increasingly dismal economic view. Futures in New […]

EquityZen's Adam Augusiak-Boro in Bloomberg

JPMorgan’s WeWork IPO Pursuit Was Many Years and Loans in the Making Bank’s ties with WeWork include mortgages on CEO’s homes Bragging rights, hefty share of fees accompany IPO victory When WeWork Cos.’ Adam Neumann sits down with investment bankers, he’s known to casually mention one of his longtime financial advisers: JPMorgan Chase & Co. […]