It’s like they don’t even exist. I am entitled to my own opinions, aren’t I not? I believe this isn’t something that should concern me — down 175 at the open — Mcplunging shares of DB — global crisis looming and all.
Then we have this information crossing the desk.
BlackRock lowered its global growth outlook, based on expectations that trade and geopolitical frictions will continue.
The firm said central banks are responding to the weaker outlook, and are loosening policy, creating a constructive environment for U.S. and European stocks.
BlackRock upgraded emerging market debt but no longer favors emerging market equities, lowering them to neutral from overweight as the outlook for global growth dimmed.
Whoa, would you look at dat!
And then there’s this.
Morgan Stanley tells clients that despite Wall Street’s confidence in easier Fed policy, investors haven’t fully priced in weaker GDP data.
“The positives of easier policy will be offset by the negatives of weaker growth,” wrote chief cross-asset strategist Andrew Sheets.
Sheets adds that over the next year, there is just 1% average upside to Morgan Stanley’s price targets for the S&P 500, MSCI Europe, MSCI EM and Topix Japan.
How’d do ya like that?
And then this (BAM!)
Economist Art Laffer says he doesn’t understand why the Federal Reserve remains independent.
President Trump has repeatedly and publicly criticized the Fed and its chairman for raising interest rates.
“You get this back and forth all the time,” Laffer says of the two.
I am watching bonds, oil, and gold for key tells. It’s also worth noting, I finally sold my house — which might mean something ominous for markets. I haven’t thought about it yet.If you enjoy the content at iBankCoin, please follow us on Twitter