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The much-anticipated March jobs report may land on a closed stock market, but it could spark plenty of action elsewhere.
AP
Bonds, futures and foreign-exchange markets will all be open for abreviated sessions on Friday, so investors will still be able to trade on the report when it’s released at 8:30 am ET.
Stock futures trade electronically until [...]
Stocks wavered on Wednesday after an unexpected drop in the ADP jobs report. How should investors position their portfolios? Bill Spiropoulos, CEO of CoreStates Capital Advisors, and Dennis Wassung, portfolio manager at Cabot Money Management, shared their insights.
“We continue to climb the wall of worry,” Spiropoulos told CNBC.
“No one believes this thing. And all the [...]
Private payrolls fell by 23,000 in March, according to ADP. The survey tallies only private-sector jobs, while government data to be released Friday include government workers and is expected to show gains.
Investors should acclimate themselves to years of lower-than-normal returns in both stocks and bonds, Pimco’s Bill Gross told CNBC.
CNBC.com
Bill Gross
As part of the firm’s forecast of a “new normal” in the slow-growth economy, Gross, co-CIO at the largest bond management firm in the world, said returns probably will be half of the normal 8 percent [...]
“This is the last leg of money coming off the sidelines, the final rotation into the bond market,” says Bob Froelich, senior managing director at The Hartford in Simsbury, Conn. “This is the beginning of the end. The bond market is a bubble. It’s getting ready to burst.”
“There’s a tremendous amount of latent inflation built [...]
“There are clearly risks,” Doll said.
“But if you think about low interest rates, low inflation, job growth right around the corner to come this Friday in this announcement for the month of March, the fact that earnings continue to improve—there are some flies in the ointment, but the path of least resistance continues to be [...]
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