Fed did its job, analysts say, but markets need more The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19. “The Fed did […]
Author: Zito Partners
ETFMG Market Sector Expert in Axios
Experts see recession, 26% drop for stock market amid coronavirus panic Despite earning praise from Trump, who said it made him “very happy” and that “people in the market should be very thrilled,” the Federal Reserves’s rate cut was followed by more bloodletting in Asian and European markets overnight Monday, as coronavirus panic continued to […]
Thornburg Investment Management's Jason Brady in MarketWatch
10-year Treasury yield sees biggest one-day drop since March 2009 after Fed’s emergency actions Fed announced cut to interest rates to cushion the coronavirus impact Treasury yields traded sharply lower on Monday as investors dove into government paper following the Federal Reserve’s emergency announcement Sunday that it would ramp up its bond-buying purchases and cut […]
A Virus…The Media…and a Jesuit
A Virus…The Media…and a Jesuit Ok, it’s a misleading headline…especially the last part. But in the face of the “unknown”…the despair…the confusion…and the concerns, there have been a couple of wonderful stories. Paul Farhi’s piece in The Washington Post asked people to stop referring to those in his profession as “the media.” But the organizations […]
Tortoise's Rob Thummel in The Wall Street Journal
After a Long Fall in Oil Prices, a Crash Oil’s plunge has eroded hundreds of billions of dollars in market value from producers globally, fueled speculation about bankruptcies and mergers For Rebecca Babin, the oil crash arrived slowly, then all at once. The senior energy trader at CIBC Private Wealth Management watched crude prices fall […]
Thornburg Investment Management's Di Zhou on TD Ameritrade
Di Zhou discusses Volatility in Identifying Quality Stocks – Market Overtime with Nicole Petallides covers the day’s market action through both the short-term and long-term investment lens. Nicole is joined by experts who provide actionable ideas that will help educate and inform with topics like: Growth vs. Value, Retirement, and Portfolio Protection. Market Overtime highlights buying and selling opportunities, bullish and bearish outlooks on a multitude of stocks and sectors, and goes in depth on strategy risks and rewards.
EquityZen's Phil Haslett in Barron's
Coronavirus Panic Means the End of IPOs. At Least for A While. The coronavirus cancellations and suspensions reached a fever pitch this week: the NBA, the NHL, Major League Baseball, the Coachella music festival, public schools, flights to Europe, political rallies, and my favorite spin class. You can now add initial public offerings to that […]
Tortoise's Rob Thummel in Reuters
Crossing state lines? Oil firms flare Texas gas as investors vent on climate Across the Permian Basin’s high desert landscape, natural gas is going up in smoke even as oil majors including Exxon Mobil and BP pledge cuts in greenhouse gas emissions. Flaring, the deliberate burning of unwanted polluting gas, is rife during oil production […]
Nancy Tengler in CNBC
This is the level to watch in the S&P 500 as stocks touch bear-market territory It’s a tough time to be an investor. The Dow Jones Industrial Average officially entered bear-market territory on Wednesday after a 1,400-point plunge, falling more than 20% below its record closing high made just a few weeks ago in February. […]
Thornburg Investment Management's Jeff Klingelhofer on TD Ameritrade
Jeff Klinkelhofer’s Sector Picks: Gaming – Market Overtime with Nicole Petallides covers the day’s market action through both the short-term and long-term investment lens. Nicole is joined by experts who provide actionable ideas that will help educate and inform with topics like: Growth vs. Value, Retirement, and Portfolio Protection. Market Overtime highlights buying and selling opportunities, bullish and bearish outlooks on a multitude of stocks and sectors, and goes in depth on strategy risks and rewards.
Nancy Tengler on CNBC Trading Nation
Apple could see more pain as supply concerns arise, traders warn – Craig Johnson of Piper Sandler and Nancy Tengler of Laffer Tengler Investments talk Apple as analysts get bearish with CNBC’s Seema Mody.
Nancy Tengler on CNBC
Homebuilders: What may lie ahead amid coronavirus fears and low interest rates – Craig Johnson of Piper Sandler and Nancy Tengler of Laffer Tengler Investments talk homebuilders and their stocks’ prospects with CNBC’s Seema Mody.
Tortoise's Brian Kessens in Yahoo! Finance
Goldman Sachs: Oil prices will stay near $30 for next 6 months amid Saudi-Russia price war Crude oil rebounded slightly on Tuesday after a crash on Sunday night that sent markets reeling Monday. The crash happened after Saudi Arabia dramatically slashed its prices in response to Russia’s refusal to cut its own output, ruining an […]
Thornburg Investment Management's Nick Venditti in WSJ
Some Muni Bonds Are Left Behind in Rush to Safer Investments Investors shy away from debt likely to be affected by coronavirus epidemic, such as travel and hospitality bonds Municipal-bond prices have surged as the potential impact of the novel coronavirus has driven investors into safer assets. But not all bonds have enjoyed the rally, […]
Tortoise's Brian Kessens on Yahoo! Finance
Russia and Opec may ‘be able to come back to the negotiating table’: Tortoise Portfolio Manager – Yahoo Finance Video – Brian Kessens, Tortoise Portfolio Manager, joins On The Move to discuss how the oil sector is faring amid the coronavirus despite Saudi Aramco’s report that it will be able to produce 12 million barrels a day starting on April 1.
ETFMG Market Segment Expert on Bloomberg
‘Trying Not to Panic’: The Collapse in U.S. Markets Spared No One Oil crash ripples through global markets as stocks plummet ‘The volatility overnight was just crazy,’ trader says At 2:30 a.m., Anthony Minopoli popped out of bed to check on markets. The U.S. open was still hours away but Minopoli, who oversees $26 billion […]
Thornburg Investment Management's Matt Burdett in USA Today
4 ways to invest when interest rates are plunging on coronavirus worries Long-term interest rates in the U.S. have tumbled to lows never seen before as concerns about the economic impact of the coronavirus outbreak mount. And the Federal Reserve may cut short-term rates more in the coming months. What’s an investor to do? The […]
Tortoise's Rob Thummel on CNN International
Rob Thummel discusses oil markets with CNN International
Tortoise's Rob Thummel in S&P Global
Oil futures: Prices tumble 30% on open following Saudi Aramco OSP cuts ICE front-month Brent fell $14.25 on the open to $31.02/b NYMEX front-month crude futures fell $11.28 to $30/b on the open Russia, Saudi Arabia, not likely to back down soon: Platts Analytics New York — Crude futures tumbled roughly 30% on the open […]
Tortoise's Rob Thummel in S&P Global
OPEC+ breakdown could cause US shale output to decline Smaller shale operators most at risk Output could drop 3.2 million b/d in worst-case scenario Producers may start cutting capex Houston — The breakdown in OPEC+ negotiations for deeper output cuts in response to reduced oil demand stemming from the COVID-19 virus could send push oil […]
Whatever happened to apologies?
Whatever happened to apologies? I was never a real fan of Alex Rodriguez, even though he did play for Yankees. But he nailed it in his comments this week about the Astros. There seems to be no remorse.
Tortoise's Nick Holmes in Bloomberg and World Oil
Oil price recovery ends as Russia walks out of OPEC+ meeting NEW YORK (Bloomberg) –Oil pared gains after Russian Energy Minister Alexander Novak left the OPEC+ joint meeting in Vienna. Futures in New York were little changed after earlier climbing as much as 2.6% on Wednesday. Prices had risen earlier in the session as OPEC+ […]
ETFMG Market Segment Expert in Marijuana Business Daily
Cannabis ETFs post steep declines in line with marijuana stocks, but longer-term prospects appear bright Cannabis-focused exchange-traded funds have emerged over the past few years in the United States, Canada and now Europe, but their recent sharp declines have mirrored tumbling marijuana stocks and made it tougher for some ETF operators to attract investors. Read […]
ETFMG Market Segment Expert in Pot Stock News
Why Pot Stock Investors Should Consider Cannabis ETFs The rise of legal cannabis and the shift from the black market to the legitimate industry has led to the creation of many new cannabis exchange-traded funds (ETFs). An ETF is an investment fund traded stock, which trades on equity markets like any other stock, but holds […]
ETFMG Market Segment Expert in ETF Show at NYSE
The ETF Show – Prepping for Disruption | David Epstein, CEO of Merlyn.AI examines a multidimensional approach to risk management in bull and bear markets. John Kartsonas, Founder & Managing Partner of Breakwave Advisors focuses on dry bulk freight futures as an indicator of shifts in the economy.
ETFMG Market Segment Expert in Bond Buyer
Fed cuts rates 50bps to offset coronavirus risks Updated to include commentary and Chair Powell’s remarks at press conference. The Federal Open Market Committee cut the fed funds rate target 50 basis points to a range between 1% and 1.25%, it announced Tuesday. Read more here: https://www.bondbuyer.com/news/fed-cuts-rates-50bps-to-offset-coronavirus-risks
Tortoise's Rob Thummel in S&P Global
Big Oil’s resistance to coronavirus-led price drop set to be tested HIGHLIGHTS Big Oil won’t change plans yet, but US shale projects more exposed Oil majors look in good shape to ride out short-term impact Non-OPEC production won’t face significant impact over next few months London — Oil majors are likely to keep investment plans […]
Tortoise's Rob Thummel in WSJ
Energy Shares Suffer the Most From Coronavirus Fears The sector’s stocks are closely tied to crude prices, and the epidemic has significantly tamped down oil demand Worries about fallout from the coronavirus are pummeling already battered energy stocks, upending a nascent recovery that followed a spate of better-than-expected earnings and dividend increases and signaling the […]
Thornburg Investment Management's Nick Venditti in Bloomberg
Muni Bonds Now Yield Next to Nothing, But Americans Keep Buying Cash keeps flowing in as rally pushes prices to heady levels Yields in secondary market driven by past gains, havens In theory, the swiftly disappearing yields on municipal bonds should be deterring the little buyers like Greg Fazakerley who dominate the $3.8 trillion market. […]
Thornburg Investment Management's Lon Erickson in Bloomberg
Credit Markets Ignore Equity Rally With Fear Gauges Flashing Red CDX widens for eighth day even as equities turn risk-on ‘There is still a fair amount of uncertainty,’ investor says Need a reason to stay cautious? Look no further than the credit markets. Measures of investor fear in the U.S. investment-grade and high-yield corporate bond […]