Goldman’s official 2023 outlook is here: Where it thinks the market is headed and what to buy

Goldman Sachs is predicting zero earnings growth in 2023, with stocks ending the next year essentially flat. Here’s how the firm would play that environment.

The Fed’s Master wants more progress on inflation before ending interest rate hikes

Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the central bank official told CNBC that the progress is only a start. “We’re going to have more work to … Read more

Active managers see boost from the energy trade

This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew Beer is in the space. He co-runs the iMGP DBi Managed Futures Strategy ETFwhich is up 24% so far this year. “CTA hedge … Read more

Consumer sentiment weakened sharply in November, the survey shows

Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Novel | AFP | Getty Images Higher interest rates, a potential recession and persistently high prices made consumers substantially less confident about the current state of the economy as well as where things are heading, according to a closely watched … Read more

Fed officials Barkin and Collins see possibility for slower rate hikes ahead

Two Federal Reserve officials indicated Friday that they expect further interest rate increases but will be looking closely at whether those moves need to be as aggressive as they’ve been this year. Regional president Thomas Barkin of Richmond and Susan Collins separately said that the Fed is moving into a new phase that will be … Read more

Ron Insana says the Fed at least could hint about a change in policy ahead

The Marriner S. Eccles Federal Reserve Board Building in Washington, DC Sarah Silbiger | Reuters “From peak to pivot” appears to be the mantra in global financial markets where concerns about inflation are fast giving way to concerns about impending recession. It appears that inflation has peaked at least in the US Headline inflation and … Read more

Wharton’s Jeremy Siegel says it’s a great time for young investors to get into the market

In this market, value names are the place to be, according to Wharton Business School professor emeritus Jeremy Siegel. The long-term investor is staying in the market and says the recent environment has provided a good opportunity. “For young people with cash, I think this is a great time to come in,” Siegel said on … Read more

Goldman Sachs sees the path to a soft landing for the economy getting clearer

There may be a path to a soft landing after all. At least that’s what economists think at Goldman Sachs, which said the Federal Reserve still stands a 65% chance of keeping the economy out of a recession while bringing inflation back down to sustainable levels. In a pair of client notes filed Sunday, the … Read more

An often-overlooked economic measure is signaling serious trouble ahead

Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Federal Reserve could be making a policy mistake by continuing to try to slow things down. According to the Conference Board’s … Read more

Fat minutes October 2022:

Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank’s September meeting. In discussions leading up to a 0.75 percentage point rate hike, policymakers noted … Read more