US overheating

More clients are beginning to worry about upside risks to inflation, and most clients agree that if the consensus is right that GDP growth over the coming quarters will be around 3%, mainly driven by strong capex growth, then we will also continue to see more signs of an overheating labor market and continued labor shortages across sectors including transportation, retail, homebuilding, and health care. With core PCE inflation today already at the Fed’s 2.0% target this projection of continued above-trend GDP growth is pointing to more upside risks to inflation than the end-of-year 2.1% expected by the consensus and the Fed. Some clients push back and say that the consensus capex forecast is too optimistic and companies will end up doing buybacks instead of capex. But the Q1 GDP data showed a very strong capex number suggesting that the corporate tax cut will not only be spent on buybacks but also on business fixed investment, in particular in tech. The bottom line is that there is a significant risk that core PCE inflation in 2018H2 will overshoot 2%, which would push the term premium higher and steepen the yield curve. The argument for a move higher in the term premium is strengthened by the fading of the corporate pension bid for the long end, which will go away in Q4 after the September deadline for contributing to corporate pension plans at the old 35% corporate tax rate.

 

Treasury supply

The total supply of US Treasuries that has to be absorbed by the market (i.e. Treasury net issuance plus Fed running down their balance sheet) will increase from $700bn in 2017 to $1.3trn in 2019, and the key question continues to be: Who will buy all these Treasuries and at what interest rate? Many clients want to discuss the impact the increase in T-bill issuance in 2018H1 had on Libor-OIS and CP and short duration IG. With the US Treasury’s stated goal of keeping the average maturity of government debt constant at around 5.5 years the Treasury will have to issue more paper in the long end in 2018H2, which raises the risk that long-duration credit spreads will widen out in H2, similar to what we saw for Libor-OIS, as issuing more risk-free assets begins to compete for dollars with more risky assets, especially IG. The bottom line is that in 2018H2 increased Treasury supply will push long rates higher and credit spreads wider. Wider IG credit spreads will also be the result of ECB exiting QE and rising hedging costs for foreigners buying US fixed income, mainly driven by the Fed raising short rates.

 

Trade war

US overheating and the explosion in Treasury supply all point to higher rates across the curve. A full-blown trade war, however, would be a drag on rates. But most clients agree that the trade war is so far not having any meaningful impact on the US economic outlook. Specifically, tariffs on $34bn of imports is very limited when taking into account that US total imports are around $2.5trn. If we begin to see tariffs on autos or auto parts then it will be much more serious because US auto manufacturers, suppliers, and dealers account for around 7% of total employment in the US economy. The bottom line is that the negative impact of the ongoing trade war is small but if the trade war moves to cars and car parts then it would begin to exert a meaningful drag on GDP growth and hence also on equities, Fed expectations, and long rates.

Deutsche Bank

  

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Diverse Gurus über das aktuelle Börsengeschehen 7 [Alle anzeigen] , Rang: SieurKolou74(296), 14.11.18 22:12
 
Subject Auszeichnungen Author Message Date ID
Investorenlegende warnt Anleger
03.2.18 16:11
1
RE: Investorenlegende warnt Anleger
04.2.18 06:01
2
      RE: Investorenlegende warnt Anlegerinteressant
04.2.18 23:00
3
      @byronwien
05.2.18 05:44
4
      RE: @byronwien
05.2.18 10:46
5
      RE: @byronwiengut analysiert
05.2.18 18:43
6
      RE: @byronwien
05.2.18 21:05
7
      RE: @byronwien
05.2.18 22:49
8
      crash
05.2.18 23:02
9
      RE: crash
06.2.18 10:15
10
      RE: @byronwien
05.2.18 23:14
11
      RE: @byronwien
05.2.18 23:34
12
      RE: @byronwien
05.2.18 23:35
13
      RE: @byronwien
05.2.18 23:51
14
      RE: @byronwien
05.2.18 23:59
15
      RE: @byronwien
06.2.18 00:14
16
      RE: @byronwien
06.2.18 06:08
17
      RE: @byronwien
06.2.18 07:11
18
      RE: @byronwieninteressantinteressantinteressant
06.2.18 07:35
19
      Auch Tokio stürzt mit
06.2.18 07:42
20
      RE: Auch Tokio stürzt mit
06.2.18 08:00
21
      VIX at 38 Is Waterloo for the Beloved Short Volatility ...interessant
06.2.18 08:07
22
      Here's Who Owned Those Crumbling VIX Notes as of Last F...
06.2.18 08:15
23
      Inverse VIX - how it works
06.2.18 09:56
24
      Volatility Jump Has Traders Asking About VIX Note Poiso...
06.2.18 11:39
25
      RE: Inverse VIX - Prospekt lesen zahlt sich gelegentlic...
07.2.18 22:22
26
      VIX-Knockout bei CS
12.2.18 14:32
27
      RE: @byronwien
06.2.18 12:07
28
      RE: @byronwien
06.2.18 17:45
29
      RE: @byronwiengut analysiert
06.2.18 17:57
30
      Inflation ist alles
06.2.18 18:01
31
      A healthy pullback
07.2.18 14:38
32
Fed implications of the employment report
05.2.18 08:41
33
`Buy the Dip' Takes Hold at Allianz to JPMorgan as Rout...
06.2.18 13:21
34
buying opportunity?
08.2.18 17:47
35
Wienerberger - Der ideale Übernahmekandidat
09.2.18 13:41
36
Max Otte: „Unser Finanzsystem kollabiert ...“
10.2.18 14:17
37
CTAs and Risk Parity funds
11.2.18 10:52
38
Die EZB werde die Zinsen heuer sicher nicht mehr anhebe...
11.2.18 18:55
39
Keine Bärenphase, sondern nur Korrektur? interessant
12.2.18 13:03
40
These Bonds Should Make ECB Hawks Apoplectic With Rage
12.2.18 13:43
41
Morgan Stanley Strategist Who Predicted Volatility Says...
12.2.18 16:45
42
Financial markets are all about stories
12.2.18 17:14
43
All the President's deficits
13.2.18 14:36
44
Schwere Zeiten für Bonds im Kommen
14.2.18 16:26
45
Ray Dalio's Short-Bet Puzzle Is Missing Some Pieces
18.2.18 17:26
46
Add Stock Buybacks to the Causes of the Market Downturn
18.2.18 17:56
47
Goldman Sees U.S. Interest-Cost Surge on Yield, Deficit...
19.2.18 10:03
48
We continue to think the Fed will hike four times each ...
19.2.18 14:21
49
The Q4 earnings season is in its final stages
19.2.18 14:45
50
Morgan Stanley Says Stock Slide Was Appetizer for Real ...
20.2.18 10:25
51
BlackRock Says Buy U.S. Stocks as Tax Plan Supercharges...
20.2.18 10:49
52
U.S. economic data right now is as 'good as it gets', G...
22.2.18 22:00
53
US Inflation
23.2.18 15:00
54
QE ending
25.2.18 15:02
55
Steve Schwarzman: The stock market's performance doesn'...
26.2.18 21:13
56
US stock buybacks are running at a record pace
03.3.18 10:23
57
Has the marginal equity buyer gone?
05.3.18 10:35
58
ECB Takes Steinhoff Losses in Its Stride
06.3.18 08:26
59
growth momentum is still robust and above-trend
09.3.18 10:50
60
The Tide Isn’t Turning on Trade
11.3.18 14:08
61
Our US Equity strategists remain positive
19.3.18 10:21
62
Our Global Equity Strategists remain constructive
19.3.18 10:23
63
      Oil has remained in range for the last six weeks
19.3.18 10:47
64
      RBI-Brezinschek: Bullenmarkt an den Börsen noch nicht z...
19.3.18 15:02
65
ZEW-Konjunkturerwartungen: Ausblick trübt sich deutlich...
20.3.18 12:31
66
Jim Rogers Says Trade War Is Making His Bearish View Ev...
22.3.18 10:03
67
Draghi's Success Is Double-Edged as Labor Boom Adds to ...
23.3.18 12:30
68
JPMorgan Sees Market Overcoming Stock Rout, But Beware ...
25.3.18 16:32
69
What perhaps stood out the most about the price action ...
26.3.18 12:08
70
What Keeps Dalio Up At Night:
26.3.18 17:03
71
RE: Trump
27.3.18 09:56
72
Einfuhrzölle, Stagflationsgefahr und normale ­Aktiensch...
04.4.18 13:32
73
RE: Einfuhrzölle, Stagflationsgefahr und normale ­Aktie...
04.4.18 13:35
74
JPM: Eurozone to be bottoming out vs the US
10.4.18 16:09
75
Q1 reporting season that kicks off this week will remin...
12.4.18 15:17
76
Debatte um Banken-Verluste
17.4.18 08:51
77
Rates markets are busy with the shape of the yield curv...
16.4.18 12:57
78
Eroding the benefits of tax reform through America Firs...
17.4.18 14:42
79
Lessons From 15 Years Of Short Selling: 12 Reasons Not ...
23.4.18 16:20
80
10 Reasons To Short
23.4.18 16:27
81
The last days of Whitney Tilsons Hedge Fund
23.4.18 16:54
82
Lessons From 15 Years Of Short Selling: A Veteran's Adv...
30.4.18 21:38
83
Warren Buffett: Women make me 'very optimistic' about t...
23.4.18 19:29
84
JPM Equity strategists continue to see further upside i...
24.4.18 15:27
85
Warren Buffett explains how you could've turned $114 in...
25.4.18 15:05
86
The US reporting season has delivered strong earnings b...
30.4.18 15:19
87
Buffett warnt vor Bitcoin und lobt Apple
06.5.18 15:16
88
Das Warren Buffet Imperium grafisch dargestellt
07.5.18 10:53
89
RE: Das Warren Buffet Strategie
07.5.18 10:57
90
Global equities remain in a consolidation mode
07.5.18 15:34
91
We remain positive on equities based on two strong fund...
07.5.18 16:49
92
      non-linear burst in wage and price inflation?
07.5.18 17:06
93
Trump twittert: "Freue mich auf Arbeitsmarktbericht"
01.6.18 16:22
94
RE: Trump twittert:
03.6.18 20:50
95
Our Global equity strategists believe that the fundamen...
02.6.18 18:52
96
RE: Diverse Gurus über das aktuelle Börsengeschehen 7
12.6.18 08:37
97
ECB policy announcement a material negative for the eur...
14.6.18 14:56
98
A yield curve inversion at the longer end also
18.6.18 09:14
99
Fed: This is not a consistent forecast
19.6.18 13:48
100
The tit-for-tat trade barbs intensify
20.6.18 16:31
101
Trade war tensions
27.6.18 11:03
102
RBI: Handelskonflikte derzeit größtes Risiko für Kapita...
27.6.18 14:07
103
Zwischencheck vor der Sommerpause
02.7.18 21:42
104
Trade war noch egal
09.7.18 10:36
105
Autos have never been this cheap
09.7.18 18:06
106
Handelskonflikte - RBI-Brezinschek: "EU kein Musterschü...
13.7.18 12:05
107
Economics:
15.7.18 12:41
108
Trade headlines driven dips as a buying opportunity
15.7.18 12:50
109
Let’s spend less time looking at the yield curve and mo...
16.7.18 15:15
110
How strong is corporate activity?
16.7.18 15:51
111
Fed-Chef sieht US-Konjunktur trotz Handelsstreit optimi...
18.7.18 09:45
112
Quantifying trade war is difficult
18.7.18 17:39
113
Trade war impacting soft data but not hard data
19.7.18 14:59
114
RE: Trade war impacting soft data but not hard data
19.7.18 15:21
115
@realDonaldTrump: Euro ist manipuliert
20.7.18 14:51
116
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 16:31
117
RE: @realDonaldTrump: und die Zinsen auch falsch gut analysiertwitzig
20.7.18 16:51
118
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 16:53
119
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 17:04
120
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 19:08
121
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 19:39
122
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 20:07
123
RE: @realDonaldTrump: und die Zinsen auch falsch
20.7.18 20:15
124
RE: @realDonaldTrump: und die Zinsen auch falsch
21.7.18 11:30
125
RE: @realDonaldTrump: und die Zinsen auch falsch
21.7.18 13:10
126
RE: @realDonaldTrump: und die Zinsen auch falsch interessant
21.7.18 13:50
127
RE: @realDonaldTrump: Vorschlag: Drop all Tariffs
25.7.18 11:14
128
How late is the cycle?
21.7.18 09:05
129
Our Global Equity strategists believe Q2 reporting seas...
23.7.18 15:21
130
Our Global Equity strategists continue to have a constr...
29.7.18 17:14
131
Equity markets struggled this week despite strong earni...
05.8.18 17:03
132
Friday’s 157k jobs headline significantly understates t...
06.8.18 09:48
133
Interessante Perspektive zu Handelskrieg
06.8.18 11:29
134
Earning season so far
06.8.18 11:38
135
US outlook bends but doesn't break as trade stakes rise
06.8.18 14:29
136
I have just authorized a doubling of Tariffs on Steel a...
10.8.18 14:51
137
RBI-Ökonom Deuber: Österreich ist von Türkei-Krise weni...
12.8.18 12:18
138
Investor sentiment appears to be quite cautious
12.8.18 16:47
139
WIIW-Experte: Türkische Notenbank muss Zinsen deutlich ...
13.8.18 15:11
140
Turkey: What are the risks?
16.8.18 12:24
141
Trade War Won’t Dent China’s GDP
20.8.18 09:40
142
„Investment-Punk“ im Interview
02.9.18 22:45
143
RE: „Investment-Punk“ im Interview
03.9.18 05:44
144
      RE: „Investment-Punk“ im Interview
03.9.18 06:13
145
      RE: „Investment-Punk“ im Interview
03.9.18 10:09
146
      RE: „Investment-Punk“ im Interview
03.9.18 10:53
147
      RE: „Investment-Punk“ im Interview
03.9.18 11:24
148
Alois Wögerbauer: Investieren ist einfach, aber nicht l...
04.9.18 08:41
149
A stock-market bear signal is at a more-than-4-decade h...
10.9.18 20:41
150
Mining, Autos and Semiconductors are likely to bounce i...
17.9.18 12:32
151
Goldman Says Rising U.S. Rates ‘Boiling the Frog’ of Ri...
17.9.18 15:56
152
"Ohne Gegenmaßnahmen gewinnt Trump im Handelskrieg"
19.9.18 10:07
153
Das Fed-Problem
21.9.18 11:38
154
Cyclicals will rebound
23.9.18 16:33
155
Ölpreisprognoseanhebung
23.9.18 18:17
156
Nowotny, seufz
23.9.18 19:51
157
RBI-Brezinschek: Gute Aussichten für Wirtschaft und Fin...
28.9.18 16:02
158
JPMorgan Says U.S.-China Tariffs to Go All Out
30.9.18 15:47
159
„Schieferfelder sind relativ rasch leer gepumpt“
02.10.18 09:48
160
Insurance sector as a hedge on rising yields
09.10.18 14:31
161
Why are retail investors still cautious?
09.10.18 14:48
162
US-China tension and US equity selloff
11.10.18 12:34
163
Unfair to make comparisons between Italy and Greece
11.10.18 12:39
164
The
11.10.18 14:21
165
Update on Market Moves
12.10.18 19:05
166
JPMorgan: The dip should be bought
13.10.18 10:35
167
The direct impact of such a trade war is unlikely to be...
13.10.18 13:49
168
Global Equity Strategy View
13.10.18 14:06
169
Looming "cold war" will hurt US business in China
15.10.18 10:13
170
JPMorgan Global Equity strategists
21.10.18 16:31
171
US: Majority of systematic selling behind (~80%)
21.10.18 16:33
172
Stocks are down a lot but long rates have barely moved
25.10.18 15:09
173
some downside risks are beginning to appear from capex
30.10.18 18:14
174
Crowding out?
31.10.18 14:41
175
VIX has produced a buy signal
03.11.18 19:56
176
US economy remains the most competitive economy in the ...
05.11.18 07:55
177
Two competing narratives
06.11.18 10:51
178
split Congress is the best outcome for US and global eq...
07.11.18 18:08
179
Lower oil prices is good news
14.11.18 21:47
180
JPM Strategists continue to prefer US vs Europe equitie...
18.11.18 14:16
181
Will Value Come Back?
18.11.18 15:01
182
Our Global equity strategists advised to add to US Bank...
02.12.18 15:44
183
JPMorgan Asset Says Cash Better Than Stocks First Time ...
04.12.18 10:22
184
Goldman Sees Another Weak Year After a Lousy 2018
04.12.18 15:10
185
2018 will mark the year of the great de-rating
05.12.18 10:18
186
Tweaking an extraordinary US outlook: A look at 2019 an...
05.12.18 15:29
187
Erste-Fondsmanager für 2019 optimistisch: Mehr Chancen ...
05.12.18 16:57
188
No need to worry
07.12.18 08:21
189
RE: No need to worry
07.12.18 10:23
190
We maintain a positive stance in equities vs. bonds
08.12.18 14:29
191
RE: We maintain a positive stance in equities vs. bond...
08.12.18 14:59
192
US Equities in 2019
09.12.18 18:15
193
RE: US Equities in 2019
09.12.18 19:00
194
      RE: US Equities in 2019
10.12.18 08:41
195
      Invest-Profi Ken Fisher rät ...interessant
10.12.18 12:56
196
      RE: Invest-Profi Ken Fisher rät ...
10.12.18 13:29
197
      2018 has delivered losses on almost every asset class
10.12.18 14:34
198
      Extreme Fear
10.12.18 17:43
199
      Re: Extreme fear
10.12.18 22:04
200
Gehälter steigen
12.12.18 19:30
201
China is rewriting its 2025 policy
13.12.18 16:02
202
RE: China is rewriting its 2025 policy
13.12.18 16:08
203
ECB: there was one surprise
15.12.18 20:03
204
Equity markets arrested their decline this week
16.12.18 13:05
205
RBI: Märkte dürften alte Sorgen auch ins Jahr 2019 mitz...
19.12.18 14:06
206
Making Sense of the December Risk-off
20.12.18 08:52
207
World’s biggest hedge fund says stocks aren’t pricing i...
21.12.18 16:22
208
RE: World’s biggest hedge fund says stocks aren’t prici...
21.12.18 16:24
209
US rates are too high. Or S&P500 is too low
27.12.18 09:31
210
RE: US rates are too high. Or S&P500 is too low
27.12.18 11:03
211
USA Konjunktur: Sorgen der Märkte schwer nachvollziehba...
29.12.18 11:30
212
Next week we will find out how much damage the turbulen...
30.12.18 15:50
213
Our US equity strategists view the current sell-off, as...
06.1.19 16:47
214
Nowotny: "Mit dem Brexit schwächt sich Europa selbst"
12.1.19 10:58
215
RE: Nowotny:
12.1.19 11:57
216
      RE: Nowotny:
12.1.19 21:21
217
“How much of US recession risk is priced in?”
14.1.19 16:48
218
Global equity markets continued their recovery
20.1.19 11:55
219
2019
21.1.19 10:29
220
Poor Earnings Season May Not Stop a Market Rally, JPMor...
21.1.19 12:54
221
Chilling Davos: A Bleak Warning on Global Division and ...
24.1.19 14:51
222
Draghi glaubt nicht mehr an Zinserhöhung in seiner Amts...
24.1.19 21:22
223
dramatic increase in the supply of risk-free assets
27.1.19 18:48
224
Was macht die Fed
28.1.19 06:23
225
Global equity markets showed resilience this week
28.1.19 06:26
226
      In the US, buyback activity has been very strong
28.1.19 06:39
227
RBI-Chefanalyst erwartet im ersten Halbjahr Börsenaufsc...
28.1.19 11:34
228
Congratulations, Market. The Fed Is Officially at Your ...
30.1.19 21:48
229
Global Economy: Wind Chill Factors Abating
03.2.19 15:15
230
JPMorgan Says 2020 ‘Might Not Be Year to Think About Re...
03.2.19 16:25
231
The global economy is at the crossroads
08.2.19 15:03
232
January risk rally is not a dead cat bounce
10.2.19 22:15
233
Small- and mid caps outperformen
17.2.19 15:34
234
Problem mit Durchschnittszinsberechnung
17.2.19 22:33
235
      RE: Problem mit Durchschnittszinsberechnung
18.2.19 16:08
236
      RE: Problem mit Durchschnittszinsberechnung
18.2.19 16:26
237
Übersicht über die laufenden Überprüfungsverfahren nach...interessant
18.2.19 06:14
238
Global equity markets ended yet another week in the gre...
18.2.19 16:31
239
Raiffeisen-Experten - Brexit trifft vor allem britische...
21.2.19 07:40
240
Equity markets continued to advance higher this week
24.2.19 14:36
241
Fed-Chef plädiert für "geduldiges" Vorgehen bei Zinserh...
26.2.19 23:34
242
As trade tensions eased, global equity markets continue...
03.3.19 17:23
243
Against our expectations, the ECB adjusted its forward ...
08.3.19 06:19
244
RE: Against our expectations, the ECB adjusted its forw...
08.3.19 06:24
245
Global equities were lower this week on renewed global ...
10.3.19 17:12
246
Spring in Sight?
12.3.19 14:34
247
How to fix European banking … and why it matters
15.3.19 11:07
248
Europe Looks Set to Surprise on the Upside
17.3.19 11:58
249
Our global equity strategists remain constructive for s...
17.3.19 15:33
250
Our Global Equity strategists have argued that for the ...
24.3.19 16:55
251
Current Inversion
27.3.19 11:48
252
RE: Current Inversion
27.3.19 13:45
253
RBI-Ökonomen bleiben trotz Brexit-Chaos vorerst optimis...
29.3.19 14:01
254
use dips as an opportunity to add further
31.3.19 12:58
255
doppelt
31.3.19 12:59
256
"Erst wenn der Arbeitsmarkt leergefegt ist, beginnen Lö...
01.4.19 09:22
257
RE:
01.4.19 16:13
258
Our economists have made upward forecast revisions
07.4.19 13:47
259
Our Global Equity Strategists remain constructive on th...
07.4.19 13:54
260
      RE: Our Global Equity Strategists remain constructive o...
07.4.19 14:16
261
JPMorgan Says Stock Traders Are Looking at the Wrong Yi...
08.4.19 15:24
262
ATX vs. Europa
12.4.19 12:21
263
Our Global Equity strategists continue to believe that ...
14.4.19 14:59
264
This will probably be the most upbeat note you will rea...
15.4.19 12:22
265
Brezinschek: Börsenaufschwung geht weiter, USA dynamisc...
26.4.19 06:06
266
How high is equity supply?
05.5.19 16:22
267
any weakness remains a buying opportunity
05.5.19 16:39
268
It’s Time to Look More Carefully at “Monetary Policy 3 ...
06.5.19 13:18
269
The growth-policy trade-off remains positive for stocks
13.5.19 10:43
270
Whitney Tilson Taking $10K Bets That Elon Musk Is Full ...
15.5.19 21:25
271
a risk factor I hadn't considered
16.5.19 20:12
272
RE: a risk factor I hadn't considered
17.5.19 10:24
273
Trump Collar
17.5.19 14:16
274
EU profitiert von US vs, China?
17.5.19 14:21
275
      RE: EU profitiert von US vs, China?
17.5.19 15:14
276
Trade war heat is on
17.5.19 15:28
277
Global equity markets showed some stabilisation this we...
19.5.19 17:53
278
Neuwahl - Erste Group sieht vorerst keine Reaktion an F...
20.5.19 15:20
279
Trump’s Huawei Attack Is a Serious Mistake
20.5.19 15:33
280
Global equity markets struggled again this week
02.6.19 18:05
281
USA-Chinainteressant
04.6.19 23:21
282
RE: USA-Chinagut analysiert
05.6.19 10:16
283
      RE: USA-China
05.6.19 10:22
284
Margin of Safety
05.6.19 11:19
285
Draghi hat für jeden was
06.6.19 21:39
286
RE: Draghi hat für jeden was
07.6.19 05:39
287
RE: Diverse Gurus über das aktuelle Börsengeschehen 7
07.6.19 11:28
288
The inversion at the front end of the curve used to be ...
09.6.19 14:54
289
Despite negative headlines on trade
10.6.19 12:18
290
European banks: TLTRO III
11.6.19 15:02
291
Niedrige Zinsen als „neue Normalität“
12.6.19 10:36
292
Blackrock: Österreich bleibt wegen Osteuropa-Nähe attra...
14.6.19 08:08
293
Our Global Equity strategists remain constructive on st...
16.6.19 14:24
294
Fed remains unchanged on rates, pledges to 'sustain the...
19.6.19 20:58
295
Yesterday the FOMC lowered their estimate of the long-r...
20.6.19 16:03
296
Our Global Equity strategists keep their bullish equity...
23.6.19 18:10
297
The global outlook has deteriorated over the last month...
25.6.19 15:34
298
Stimmung der Anleger auf Elfjahrestief
25.6.19 15:59
299
If there is a truce in the trade war
28.6.19 16:34
300
After making fresh new highs last week, global equity m...
30.6.19 18:14
301
Commerzbank Now Predicts ECB to Cut Deposit Rate 20 Bps...
05.7.19 09:09
302
RCB erwartet kräftige Zinssenkungen von EZB und Fed
05.7.19 13:57
303
Globale Aktien sind derzeit moderat bewertet
06.7.19 09:27
304
Börsen waren heuer schon auf Rekordkurs - Noch etwas Lu...
08.7.19 13:21
305
Jerome Powells Signale sind auffällig
10.7.19 18:11
306
Fed-Chef Powell für "etwas mehr konjunkturfördernde Gel...
12.7.19 08:57
307
600 Mrd. Unternehmensanleihen mit negativen Zinsen
12.7.19 09:24
308
Global equities are holding near all-time highs
15.7.19 06:21
309
Aktienrückkäufe
17.7.19 16:29
310
Heiko Thieme: „Wir sind näher an einem Abschwung, als ....
17.7.19 18:28
311
Buybacks and the investor
19.7.19 14:09
312
S&P500 made a new all-time high this week
21.7.19 17:39
313
JPM US strategists raised their S&P 500 12-month price ...
21.7.19 17:40
314
Euro Capital Flows
25.7.19 06:13
315
RE: Euro Capital Flowsgut analysiert
25.7.19 06:53
316
      RE: Euro Capital Flows
25.7.19 07:45
317
      RE: Euro Capital Flows
25.7.19 08:00
318
RBI: Erwarten eine EZB-Zinssenkung erst im September
26.7.19 05:52
319
25% of all sovereign and corporate bonds outstanding gl...
26.7.19 17:24
320
RBI-Brezinschek: Geldpolitik kann politische Probleme n...
29.7.19 14:54
321
RE: RBI-Brezinschek: Geldpolitik kann politische Proble...
29.7.19 16:06
322
ex-US 43% mit Negativzinsen
31.7.19 15:50
323
Fed cuts rates for first time since 2008
31.7.19 20:26
324
pick your poison
03.8.19 12:23
325
Don’t Blame the Fed or Trade – It’s the Fundamentals
04.8.19 11:38
326
Our Global equity strategists acknowledge that renewed ...
05.8.19 15:01
327
S&P500 recording the biggest one day negative move sinc...
11.8.19 15:33
328
Kopfschmerzen für die EZB
16.8.19 08:32
329
ECB should launch "significant and impactful" stimulus ...
16.8.19 11:01
330
To assess recession risk focus on global markers
18.8.19 11:51
331
Global equity markets weakened further this week
19.8.19 12:22
332
Kyle Bass is in the headlines
21.8.19 15:40
333
The current level of US tariffs is not high by historic...
29.8.19 13:38
334
Cyclicals and Financials leading on the upside
08.9.19 17:41
335
RBI erwartet Verschärfung der Strafzinsen für Banken au...
11.9.19 11:50
336

Thema #203844
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