Factor Friday: Not Your Father’s Value-Momentum Ties

June 11th, 2021|

Christopher Cain BI Equity Strategist Rare Cheap-Valuation, Momentum Kinship in U.S. Stocks May Stick (Bloomberg Intelligence) -- The overlap in S&P 500 stocks categorized both among the cheapest 20% and with the best momentum extends to 30, one of the highest in over a decade, and we believe such overlap could occur more often for

U.S. Inflation Expectations Build in June Survey of Economists

June 11th, 2021|

Friday, June 11, 2021 06:00 AM By Olivia Rockeman and Sarina Yoo Consumer price index seen at 3.8% or higher through year end GDP growth forecasts also revised up through rest of 2021 (Bloomberg) -- Economists’ inflation expectations keep rising as a variety of key metrics underscore building price pressures. Forecasters raised their estimates for the consumer price

China Factory Inflation Soars to 2008 High on Commodity Boom

June 10th, 2021|

Tuesday, June 8, 2021 07:08 PM By Bloomberg News Producer prices rose 9% year-on-year in May, above 8.5% est. The pass-through to consumer inflation has been limited (Bloomberg) -- Surging commodity costs drove China’s factory-gate inflation to its highest level since 2008 in May, further adding to global price pressures. The producer price index climbed 9% from

Surprise Jump in U.S. Wages Gives Inflation Debate a New Twist

June 9th, 2021|

Wednesday, June 9, 2021 02:00 AM By Olivia Rockeman and Reade Pickert Restaurants, hotels hiring fast, some offering sign-on bonuses Growth in pay risks inflation spark; some see it as temporary (Bloomberg) -- An unexpected jump in U.S. wages has given financial markets a new reason to worry that higher inflation may be here to stay. Consumer prices

A Commodities Crunch Caused by Stingy Capital Spending Has No Quick Fix

June 8th, 2021|

By Chuin-Wei Yap (Dow Jones) -- HONG KONG -- A yearlong steep climb in commodity prices is testing an economics maxim: High prices cure themselves by spurring supply and quenching demand. Languishing commodity prices led producers to slash capital spending on major resources by nearly half over the last decade, shrinking stocks of industrial metals

Champion of Key Fed Inflation Gauge Says Policy Shift Is Needed

June 8th, 2021|

Tuesday, June 8, 2021 06:45 AM By Liz Capo McCormick and Rich Miller 5-year, 5-year forward rate is now consistent with Fed goal Former Fed official Sack says further climb would be problem (Bloomberg) -- The economist who helped change the way the Federal Reserve assesses long-run inflation expectations says their current level means the central bank needs

Economist Who Said Inflation Was Dead Now Thinks It’s Alive

June 7th, 2021|

Sunday, June 6, 2021 09:00 PM By David Goodman (Bloomberg) --   A quarter of a century after declaring the death of inflation, Roger Bootle is seeing signs of its rebirth. Pockets of price growth are emerging from the cost of used cars to lumber as the world starts to recover from the coronavirus pandemic. That’s

World stocks fall on inflation concerns amid strong U.S. data reports

June 3rd, 2021|

Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.3% to 711 points. It went as high as 712.57

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