Goldman Sachs Group Inc. reports that US money markets are preparing for a familiar month-end trend. This week, there’s expected to be a noticeable spike in overnight lending rates. This increase is linked to Wall Street banks managing a significant influx of new Treasuries.
Hello and welcome to the Odd Lots newsletter! Each day, we bring you a mix of insights on markets, finance, and the economy. Sometimes you’ll hear from us, Joe Weisenthal and Tracy Alloway, sharing our thoughts. Other times, we feature expert contributions from our network. We guarantee that everything you read will be interesting.
Chinese stocks managed by passive funds have now surpassed those managed by active funds, marking a significant milestone in the country's investment landscape. This shift highlights China's rapid progress in aligning with the global trend toward passive investing.
The US stock market keeps climbing, even as Big Tech faces declines. Gains are broadening out, with sectors like real estate rebounding after a tough first half of the year. Investors are shifting focus, boosting diverse industries and lifting overall market sentiment.
Bloomberg Television features expert insights and analysis just before and after the closing bell on Wall Street. Today's lineup includes Chuck Lieberman from Advisors Capital Management, Amanda Lewis from Cuneo Gilbert & LaDuca LLP, Jay McCanless of Wedbush Securities, Michael Zezas from Morgan Stanley, Ellen Hazen of F.L. Putnam, Chris Cain from Bloomberg Intelligence, Eric Van Nostrand of the Treasury Department, Sean Dobson of Amherst, Patrick Murphy from Togal.AI, Aisha Bowe, founder and CEO of Lingo, and former MLB player Johnny Damon.
Brookfield Wealth Solutions is seeking to sell a private credit portfolio valued at approximately $1.5 billion. This portfolio is part of American National, an insurance company Brookfield acquired in 2022. Sources familiar with the situation say the company is actively exploring this divestment.
Good evening, I'm Romaine Bostick, and here’s what happened in the U.S. markets today. Stocks closed mixed as investors weighed mixed economic data against expectations of future interest rate hikes. The Dow Jones closed slightly lower, while the S&P 500 and Nasdaq managed modest gains. Tech stocks lifted the Nasdaq, driven by strong earnings from major companies. Economic reports showed better-than-expected job growth, but inflation remains a concern, keeping traders cautious. Tune in tomorrow for more updates and analysis.
After a week of rising inflation fears and surging bond yields, US presidential politics seemed to heat up. However, risk-asset investors remained largely unfazed. The key takeaway is that despite ongoing economic concerns, markets showed resilience and confidence.
L2 Point Management has successfully closed its inaugural fund, raising nearly $460 million in capital. Managing Partner, Founder, and CIO Kerstin Dittmar discussed the growth capital structure and the firm’s entry into private equity during an interview with Sonali Basak on "Bloomberg Markets."
On "Bloomberg The Close," Chuck Lieberman, co-founder and CIO of Advisors Capital Management, stated that he does not foresee the Federal Reserve pushing rates significantly lower, citing the strength of the labor market as a key factor.
