Daily Archives: Feb 5, 2021 at 07:04 pm EST

The ETF Portfolio Strategist: 5 Feb 2021

In this issue:

  • Global markets rebound
  • Strong week for portfolio-strategy benchmarks
  • Risk-on pays off for one of our managed-risk strategies

Return to form in February: The late-January correction turned out to be another head fake for risk assets, which rebounded sharply this week. Equities across the board were higher, led by a strong gain in Africa stocks, which topped our set of fund proxies that collectively represent the world’s major asset classes. (For details on all the risk metrics in the table below, along with profiles of the strategies and benchmarks discussed, see this summary.)

continue reading at The ETF Portfolio Strategist

Inflation Expectations Are Rising. Will Actual Inflation Follow?

The Treasury market continues to price in higher odds of reflation and the Federal Reserve remains inclined to let the economy expand for longer with little if any monetary pushback due to nascent signs of pricing pressure. That lays the foundation for higher inflation. But so far, the hard data offers minimal support. Will 2021 be the year of an inflationary regime shift?

Continue reading

Macro Briefing: 5 February 2021

* Biden ends support for Saudi Arabia’s military operations in Yemen
* J&J seeks approval from US regulators for its Covid-19 vaccine
* House removes Marjorie Taylor Greene from committee assignments
* Senate rejects minimum wage bill in Biden’s relief package
* EU diplomat tells Russia ties are low over case of Kremlin critic Navalny
* US warship sails near Chinese-controlled Paracel Islands
* Bank of England says negative interest rates may be near
* US job cuts rose to highest January total since 2009
* US factory orders rose in December–eighth straight monthly gain
* US jobless claims fell to two-month low last week: