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Showing results for Raahid S. Gaffney
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...But the S&P 500 closed 1.6 per cent lower in New York on Tuesday amid more grim forecasts for the economic toll of the coronavirus pandemic in the US....
...“The major risk is that we continue to see a tit-for-tat pattern which escalates into a greater conflict,” said Chris Gaffney, president for world markets at TIAA Bank....
...The S&P 500 was trading 0.2 per cent lower by midday in New York....
...“While manufacturing sentiment is down and investor sentiment is down, consumers seem to be holding in there”, said Chris Gaffney, president for world markets at TIAA Bank....
...The activity mirrored the broad flight from risky assets on Monday which knocked almost 3 per cent from the S&P 500 equity index....
...“The only things that I could see making a significant move would be a higher probability of a recession, which seems like a stretch, or an inflation surprise,” says Kathleen Gaffney, a portfolio manager...
...The benchmark S&P 500 has fallen 3 per cent from a record high at the start of March amid the political wrangling in Washington....
...I think this is going to make for choppy markets,” said Kathleen Gaffney, multi-sector portfolio manager at Eaton Vance....
...That was a disorientating shift given that S&P 500 futures had fallen as much as 5 per cent in overnight trading....
...Giles Burke-Gaffney, his successor as buyer, enjoys watching his mentor squirm while being lovingly embraced by some of Barolo’s top producers....
...“One argument was that, because these were strategic resources, it would be bailed out by the government,” said Kathleen Gaffney, portfolio manager at Eaton Vance....
...No harm, that is, except for missing out on an equity market rally that sent the S&P 500 to another record last week. Ms Gaffney is an outlier – at least for now....
...In a special letter to fundholders, Daniel Fuss and Kathleen Gaffney, co-managers of the fund, both accept and qualify responsibility for the fund’s collapse....
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