AUTHOR
Mick Weinstein
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Rising jobless claims could threaten cyclical stock sectors. One contrary indicator, though, is that several Covestor managers recently bought retail stocks.
The CEO of the world’s biggest bond manager, Pimco’s Mohamed El-Erian, paints a dismal picture for the U.S. economy following the presidential election.
As we look back at our best and worst calls of 2022, it’s clear that we got more correct than not. However, I wish we were more emphatic about some of them.
While the Fed’s communication toolkit has steadily expanded since 2000—from formal post-meeting statements to press conferences and quarterly projections—a deliberate rollback of forward guidance could reduce policy transparency but also curb market misinterpretations that have plagued rate forecasts.
