There is no getting around their influence. Our expert is here to get us started with a snapshot. You mentioned the fed and rates. This is a big deal, it has had a big effect on etf flows. We have seen what has gone on the bottom side of things, but we have seen other etf flows. In particular sectors. You would think tech would be number one, that it is real estate. The yield is 5 , 6 , so the thirst for yield has pushed money into interesting places. Our etfs taking over the world . Sectors, itat the is way more owned by passive than other sectors. 5 of real estate etf are owned by passive funds, that is very high. Estate etfsl are owned by passive funds, very high. This company, almost 40 is owned as passive. If we continue to see rates staying low, some of these will be majority owned by passive funds, and if rates rise, look out. Extra selling pressure. Scarlet just a matter of time. Lets bring in the chief Investment Officer of caruso investment. He has a decade of experience in e
Overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. It is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, 16 fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle differences. First on the similar side, i think theyre both consensus builders. I do think youre not going to see anything ext
There is no sense of an overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. You it is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, 16 fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle differences. First on the similar side, i think theyre both consensus builders. I do think youre n
The new boss sounds like the old one. The labor market and economy are not significantly overheated. There is no sense of an overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. It is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle diff
Catching the safe haven bid. Down by. 6 . I find it ironic that the missile was fired over japan if the yen is the safe haven currency of note. Gold up by. 8 . The highest since the election of last year and the vix jumped by about 20 . The good safe haven move happening all across markets. We are joined by Stephen Engle from tokyo and on the phone is. Aniel tenenbaum he provides regulatory Crisis Management support to Global Financial institutions. Youre on the ground. I want to hear whats happening with you first. What has happened in the last few hours . Has convened his second Emergency National Security Council gathering with his ministers of defense. To discuss their options. This after shinzo abe had a 40 minute conversation over the tone with President Trump calling this a grave threat coming from the North Koreans. Shooting intermediate range Ballistic Missile. Around area north or pyongyang that flew over japanese soil across the Northern Island of hokkaido early this morning