* G-7 countries warn Russia of ‘massive consequences’ if it attacks Ukraine
* US real interest rates go deeper into negative terrain as inflation rises
* Will 2020’s US borrowing binge create headwinds for Fed in fighting inflation?
* Share buybacks among S&P 500 companies hits record high for 2020
* The flattening yield curve suggests the economy’s tolerance for rate hikes is low
* US 10yr-2yr Treasury yield curve near 12mo low ahead of Fed meeting:
Tony Davidow
Summary via publisher (McGraw-Hill)
The wealth management industry has undergone a major transformation over the last decade, including increased concerns and skepticism from investors, the growth of robo-advisors, product evolution, and an evolving value proposition—in addition to geopolitical risks, increased correlation across asset classes, changing demographics, and social tensions. Concepts like “Modern Portfolio Theory” aren’t modern anymore, and even Post-Modern Portfolio Theory has become passé. Investing products have evolved significantly over the past two decades, making it easier than ever for advisors and investors to access various segments of the market and unique asset classes. Goals-Based Investing examines product evolution and discusses how to use these tools to achieve your goals.
How’s your US equities strategy doing this year? If you’re outperforming the market overall, there’s a good chance the bullish momentum is linked to overweights in energy, real estate, financials or tech – or perhaps all of the above.
* Senate approves bill to lift debt ceiling and avoid US government shutdown
* US consumer inflation expected to rise to 39-year high in today’s Nov. update
* Online inflation rises to record 3.5% year-over-year, Adobe reports
* Ukraine-Russia efforts on new ceasefire in eastern Ukraine breaks down
* Germany’s foreign minister warns Russia on aggressive moves toward Ukraine
* Insiders selling stock at historic levels amid soaring share valuations
* China’s rising currency is outperforming the US dollar this year
* In upbeat sign for labor market, US jobless claims fall to a 52-year low:
With the end of the year in sight, the US economy continues to show signs of a sharp pickup in growth in the fourth quarter, based on several nowcasts.
* US jobless claims appear to be stabilizing at pre-pandemic levels
* Another hot inflation report expected for tomorrow’s November update
* Policy shift at next week’s Fed meeting may damage central bank’s credibility
* US export challenges mounting due to bottlenecks at American ports
* China inflation continued rising in November but signs of peaking emerge
* China property developer Evergrande has defaulted on its debt: Fitch Ratings
* Could it happen again? World isn’t prepared for the next pandemic, report warns
* Italy fines Amazon $1.3 billion on charges of exploiting its market power
* US job openings rebounded in October, surprising forecasters on the upside:
Yes, according to economists’ forecast for this Friday’s November update (Dec. 10) on consumer prices.
* Biden says US preparing ‘strong measures’ on Russia if it invades Ukraine
* House takes first step in preventing a possible default on US debt
* Omicron variant partly evades protection offered by Pfizer vaccine, study shows
* Inflation is a leading concern for American voters via a new survey
* Debt-default worries persist for two of China’s biggest property companies
* Credit card giant Visa launches consulting service for cryptocurrencies.
* Germany’s parliament elects Olaf Scholz as new chancellor
* Is the flattening yield curve a sign that the Fed can’t/shouldn’t raise rates?
* US post-Covid goods spending has surged:
How’s that allocation to bonds working out this year? Probably pretty good, if you favored Treasury Inflation Protected Securities (TIPS).
* Biden expected to give Russia’s Putin stark warning on attacking Ukraine
* China says US will ‘pay a price’ for diplomatic boycott of Olympics in Beijing
* Fed officials suggest bond-buying program will end sooner than expected
* New data law in China makes it hard for foreigners to assess economy
* Consumer spending was biggest contributor to Eurozone Q3 expansion
* Will falling ‘excess’ cash reserves for working class pinch consumer spending?
* Policy-sensitive 2-year US Treasury yield edges up to new pandemic high:
