”(Bloomberg) -- September has traditionally been a terrible month for traders and risks being even harder to navigate in 2024 given lingering questions about the Federal Reserve’s anticipated interest-rate cut.
“Bonds, stocks and gold have typically suffered losses in the month, as traders reassessed their portfolios after the summer break. The S&P 500 Index and Dow Jones Industrial Average have had their biggest percentage losses since 1950 in the month of September. Bonds have slid in eight of the last 10 Septembers, while bullion has dropped every time since 2017.”Story at Yahoo FinanceInterestingly, gold slipped below $2500 Sunday evening for the first time in several weeks after testing $2600 recently. This in the face of a very bullish
Barron’s. article.
Comments
Other headlines Sunday evening on Bloomberg:
- Pimco Sees BOJ Hike as Soon as January, Likes Long-Term (Japanese) Bonds
- T. Rowe Manager (Arif Husain) Who Predicted Yen Shock Sees Another One Coming
- Argentina Ships Gold Bars Abroad to Be Financially Certified
- Aston Martin Unveils New Vanquish Sports Car With V-12 Engine
- Brazilian Judges Ratify Ban on X in Deepening Feud With Musk
- Boeing's Latest Crisis Is Great News for SpaceX
(You first ...)
"Pimco Sees BOJ Hike as Soon as January, Likes Long-Term (Japanese) Bonds"
Normally, buying bonds ahead of rate hikes isn't a great idea. Does Pimco think that expected bond hits have already occurred? Or, that yen strength will compensate for bond losses? Or, Pimco is talking about rate futures?
On search, I found an open blurb at UK-Bloomberg, but it didn't make things any clearer.
I agree with your analysis. I can only speculate PIMCO may be waiting until the BOJ raises rates further before making a substantial purpose. Alternatively, they may be playing the shorter part of the curve or - possibly just holding yen for the time being. It does sound like Bloomberg doesn’t have all their ducks lined up straight here, However, the chief of fixed income at TRP is cited as sharing a similar sentiment.
I did find the identical Bloomberg article reprinted at Yahoo if you want to take a look.
Here’s the Bloomberg article re T.Rowe’s take on the matter: Yahoo
(Note - I’ll be traveling today. Sorry won’t be able to respond to other questions.)
POSTED: September 3, Tuesday at 9:30 am.
ADD: you may use the link to follow the sectors markets when the U.S. markets are open. One may bookmark this page or save the link to your electronic device for future views.
Major global and U.S. etf categories This list is set with %Chg column (daily), which will indicate near real time changes while the U.S. markets are open; being from most positive to most negative returns. The right side of this data provides 'technical' buy/sell indicators (opinion).
I'm too old a trading duck to get worried about these reports. I used to trade around them earlier in life, now I just roll my eyes and try to be away from the computer when the numbers come out, because ... *shrug* .... why not.
There are several theories to explain this pattern but none of them are remotely definitive.
Regardless, September got off to a rough start today.
Select equity ETF returns for today are listed below.
IWM -3.06%
QQQ -3.04%
SPY -2.06%
EEM -1.98%
EFA -1.58%
DIA -1.43%
https://www.investopedia.com/stocks-september-effect-economy-presidential-election-inflation-fed-2024-8705709
PRCFX -0.47
VELIX -0.74
I'll shat myself if hussy is down today....waiting and curious how PHEFX performed today....
Uncle Warren done ok today ..+0.25 and Wally WMT did ok today , -0.09
Consumer Defensive + .46%
Real Estate - (-.14%)
Utilities - (-.45%)
Healthcare (-.73%)
Finls (-.9%)
Consumer Cyclical (-1.5%)
Communication, Energy & Industrials - Each ~ (-2.6%)
Basic Materials (-3.36)
Technology (-4.3%)
You won't have to don your Huggies.
Hussman's funds are up today.
HSGFX - 2.36%
HSAFX - 0.32%
Can't say the same for PHEFX.
PHEFX - (-1.29%)