President Donald Trump's sagging approval ratings -- encapsulated in his humiliating setback in the special U.S. Senate election in Alabama -- appear to have lost any correlation with U.S. Treasury yields, Goldman Sachs analysts write. That suggests bond investors now view Congressional Republican leaders as more important to tax legislation, not to mention a series of improving economic data.
The Federal Reserve raised rates three times this year, the most since before the 2008 financial crisis, and is on track for further increases next year with economic growth solid, unemployment at a 17-year low and inflation subdued.
Economic data look great. Growth is solid, unemployment is at a 17-year low and stubbornly low inflation is rising. So the Fed is justified in raising rates -- including a likely hike at a meeting on Wednesday. But Bank of America is reminding investors that a rate-hiking cycle is rarely painless.
Many U.S. States Fail at Teaching High School Students About Money
We asked our experts their thoughts on the current market environment during our December Trading Strategies session. Listen in because Wells Fargo is worried about a steepening yield curve.
Bank of America economists and analysts say the bull market is showing signs of cracking, possibly leading to a big market correction in mid-2018.
I don't quite think we're there yet. Perhaps the TLT needs to gap up and reverse.
With many investors confused over what a flattening yield curve means, we address such questions as why the curve flattens and whether it predicts a recession.
Over the past decade, Greg Fleming almost became CEO of Merrill Lynch and Morgan Stanley. Now, he's put together a deal to head a new money-management venture backed by the Rockefellers.