Treasury yields leap after much hotter jobs report than expected

U.S. Treasury yields rose Friday after jobs data came in much better than expected. The 10-year Treasury yield was up more than 12 basis points at 3.526%. The 2-year Treasury was up roughly 20 basis points to 4.299%. Yields and prices move in opposite directions and one basis point equals 0.01%. Nonfarm payrolls increased by … Read more

View More Treasury yields leap after much hotter jobs report than expected

Annuity sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates

Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry trade … Read more

View More Annuity sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates

‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some … Read more

View More ‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

Tech stocks are back: The market now is starting to look like it did in 2021

Tech is up Friday, and that is continuing a trend for 2023. What’s old is new. It’s been a choppy week , with the S & P 500 down 2.5%. Despite that, the index is still up 1.6% for the year. The leadership this year looks like the inverse of 2022 and a lot like … Read more

View More Tech stocks are back: The market now is starting to look like it did in 2021