Here is my latest article in the Financial Review. The essential theme is that bond yields may be “sticky” even if the Fed (cautiously) eases monetary policy. That circumstance is down to a gargantuan US budget deficit at a time when the US economy is not far off full capacity. That neither of the US Presidential candidates has a coherent plan to address the deficit indicates “a bad moon on the rise”. Investors should “get their things together” and consciously diversify their portfolios through seeking exposures uncorrelated with bond and equity beta. #GSFM #USBudgetDeficit #PresidentialElection
Stephen Miller’s Post
More Relevant Posts
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"But the missing ingredient for equity rally to keep going remains the fact that bond yields, particularly in the US, have only displayed a semblance of stability (rather than a meaningful decline). Indeed, the US 10-year yield is above where it was at the start of this year." Read Stephen Miller's latest market minds column in The Australian Financial Review where he analyses the US budget deficit and what this mean for bond yields and equity markets. #investing #bonds #USelection #equitymarkets
The sharemarket’s rally comes down to this missing ingredient
afr.com
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Dive into our latest article on Fixed Income Investments: Gearing up for a fluid macro environment. Our experts, Mark Nash, James Novotny, and Huw Davies, analyse the outlook for interest rates and fixed income as the US economy continues to stay resilient. 📈💼 🔍 Key Highlights: • Conflicting signals from the macroeconomic environment and their impact on the bond market. • The US Federal Reserve's recent rate cut and its implications. • The resilience of the US economy amidst elevated real rates. Don't miss out on this comprehensive analysis! For professional investors only. Click the link to read more. 👇 https://lnkd.in/g4aWVFnq #JupiterAM #FixedIncome #Investments #Economy #InterestRates #FinancialAnalysis #ExpertInsights
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Private Wealth Advisor, Sentinel Wealth Advisory Group, A private wealth advisory practice of Ameriprise Financial
The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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Private Wealth Advisor at TreeLine Wealth Management. A private wealth advisory practice of Ameriprise Financial Services, LLC
The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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Financial Advisor | Associate Vice President Ameriprise Financial Services, LLC
The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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Financial Advisor serving Greater Grand Rapids | Financial Planning | Retirement | Estate Considerations
The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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The Federal Reserve recently cut its key policy rate for the first time in four years as inflation continues to trend lower and policymakers look to support a healthy labor market. With interest rates on the decline, now is the time to discuss strategies with your Ameriprise financial advisor that can help lock in still elevated yields across fixed income investments. #AmeripriseResearch
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Retired Private Investor
2moHi Steve What happens to the USD under your senarios. Surely the USD should fall along with gold and all commodities denominated in USDs. A lower USD would make treasuries more attractive to offshore investors where I presume a large amount of treasuries are held. Your right that the US has a free kick when it comes to financial markets and trade. The US is becoming less relevant as a global power as will the USD in time. Trump will make things much worst. Stagflation here we come.