Stocks dragged down by megacap tech, oil edges up
Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation.
Wall Street Responds to Fed Chair’s Comments: An Overview of Market Changes
Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation.
Sierra CIO, James St. Aubin, Comments on Fed Rate Cut Expectations Bolstering Wall Street Despite Weak Jobs Data
Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation.
James St. Aubin Provides Commentary to Reuters on Wall Street’s Reaction to Weak GDP Growth
Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms (META.O).
Sierra CIO, James St. Aubin, Comments on Wall Street’s Reaction to Rising Treasury Yields and Rate Expectations
Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation.
Reuters Gets Sierra CIO’s Take on S&P 500 & NASDAQ Closing Higher Despite Slowed U.S. Services Industry Growth
The S&P 500 and Nasdaq closed higher on Wednesday after data showing the U.S. services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight.
Sierra Investment Management CIO, James St. Aubin Remains on Guard
The S&P 500 edged up 0.1% on Wednesday after shuffling between gains and losses. Bond yields, which move inversely to prices, inched higher. The S&P 500 is up 15% this year, while the Nasdaq (.IXIC) has gained 30%. James St. Aubin, chief investment officer at Sierra Investment Management, has been adding to equity positions during […]
Co-founder David Wright Sees Parallels in Current Economic Scenario | Reuters (5-9-2022)
“The Fed has been as slow to respond to inflation as they’ve ever been, and that is leaving me seriously negative on equities,” said David Wright, co-founder of $9.6 billion asset manager Sierra Investments. Wright sees some parallels in the currency economic scenario to 1981, when high inflation forced the Fed to embark on a […]
