BBSA News and Press, JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF From 07/21/19

The Fed is in the blackout window ahead of the July FOMC, and mercifully so. As we saw on Thursday , the market is exceptionally sensitive to communications around the likely scope of the forthcoming rate cut (i.e., "Will it be 25 bp or 50?"). John Williams's fumbled effort to extoll the vi...

It was far from the equivalent of Mario Draghi's muscular "whatever it takes" comment in 2012, when the European Central Bank president famously outlined his resolve to save the euro. Yesterday's comments from Federal Reserve Chair Jerome Powell were considerably more nuanced, in part because ...

The combination of American trade protectionism and the end of a failing credit expansion is leading into a global economic downturn, and potentially a systemic crisis. Meanwhile, investors still believe more extreme monetary policies will stabilise economies and that the ultra-low interest ra...

By Noelle Corum, Associate Portfolio Manager ; James Ong, Director, Derivative Portfolio Management ; Rob Waldner, CFA, Chief Strategist and Head of Multi-Sector Portfolio Management In May, we wrote about the US Federal Reserve's (Fed) evolving policymaking framework as i...

Is The Economy Still Slowing? With the S&P 500 ( S P500) pressing new all-time highs, you are probably asking yourself whether the economic cycle is still slowing. Although we all know that the stock market is not the economy, it is logical to link the two and question the direction of e...

What a time to be alive and trading. On Thursday, market participants were treated to what's been variously described as an "unprecedented event", when New York Fed President John Williams presented a speech called "Living Life Near the ZLB" only to come back hours later and "clarify" that i...

The BCI at 255.2 is up from last week's downward revised 254.7, and remains below the previous high of this business cycle indicated by the BCIp of 78.4. However, the 6-month smoothed annualized growth BCIg at 9.8 is below last week’s 10.2. Both BCIp and BCIg are not signaling a recessi...

"No thief, however skillful, can rob one of knowledge, and that is why knowledge is the best and safest treasure to acquire." - L. Frank Baum, The Lost Princess of Oz When something does not make sense, then you have to dive into your barrel of knowledge to make sense of it. Greece is abou...

The data is improving and that should be a good thing. I've variously argued (both on this platform and on my site) that the most important takeaway from last week was also the simplest. US equities hit new highs even has bond yields rose. Here's a simple chart I used in my traditional Su...

The market is now at record highs, and unemployment is way down. Even so, a U.S. rate cut is expected as early as this week. During his congressional testimony last week, Federal Reserve Chairman Jerome Powell raised concerns over slower global growth and trade tensions, which in turn have con...