Hints and tips:
...“I was a little surprised that the Fed’s bias seems to be towards cutting rates even if there’s an improvement in growth,” said Subadra Rajappa, head of US rates strategy at Société Générale....
...Stocks have rallied strongly this year, with the blue-chip S&P 500 enjoying its best start to a year since 2019, having risen 10.2 per cent in the first quarter of 2024....
...The S&P 500 gained 1.1 per cent on Friday to a record high as a surge in tech stocks helped the market shrug off the change in interest rate expectations....
...“I don’t think it’s likely that we’ll reach a level of confidence by the time of the March meeting . . ....
...A decade later, even Gene Fama, the father of the efficient markets hypothesis, grudgingly incorporated it into his models....
...Over the past year the FTSE 100 has gained 1.23 per cent, while the S&P 500 has risen by 31.3 per cent....
...I think it’s fair for markets to latch on to that subtlety,” said Jeffrey Roach, chief economist for LPL Financial....
...Lawyer fee awards have become a hot topic in courts in Delaware, where more than 300 S&P 500 companies are incorporated....
...I’m here at the iConnections Global Alts conference to moderate a panel on impact investing....
...Not necessarily, as I explain below....
...The S&P 500 rose at first, but by the end of the trading day had round-tripped. Powell’s message was unmistakable, if familiar....
...“I think what’s occurred now is that there are so many ETFs that are out there that the policy managers of Beijing have had a bit of an ‘A-hah!’...
...Some of the ones that have attracted attention: a company called Phunware — spelled p-h-u-n, ware — which is a mobile software developer. And there was another called Bit Brother....
...points to 5.07 per cent following Powell’s remarks, while the benchmark 10-year US Treasury yield added 0.01 percentage points to 4.25 per cent.Equities swung between small gains and losses, with the S&P...
...I submit there is a real puzzle here....
...But maybe I’m just selfish. What is your priority this week? Email me at jonathan.moules@ft.com or, if you are reading this from your inbox, hit reply....
...(P.S.: If you happen to go to the Kansas Banker Association’s annual meeting, details here, please do drop Alphaville an email. Thanks in advance.)...
...“It was in a hidden corner of the Oxford University Press basement, where the Dictionary’s archive is stored, that I opened a dusty box and came across a small black book tied with a ribbon.”...
...“I stress that no decision has been made on this,” he told lawmakers....
...Here’s part of what he had to say about the Microsoft connection: I think it’s fantastic....
...The MSCI China is broader and includes H shares and foreign listings, as well as mid-cap companies....
...Remember that the S&P 500 is 15 per cent off its lows of October, while junk bond spreads have tightened by a full percentage point....
...“Industry was never part of the story and I think that’s the game changer....
...The S&P 500 and Nasdaq were up 0.8 per cent and 1.1 per cent, respectively, in afternoon trading....
...Before the government froze foreign listings in mid-2021, only PRC-incorporated companies had been required to file with the Chinese regulator CSRC to list overseas (known as “H shares” on the Hong Kong...
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