Jim, what tung b about this. 12 month base case, s p 500 target. 2700. Its a bold call. The number that i quibble with is 12 months. I think thats more of a 24 month figure. For that to happen within 12 month, youve got to see a lot of clarity on trumps policies. Particularly tax reform. Unless the price of the index, but i think its a 24month target. Not a 12month. Steve, they say it has less to do with trump in term of the rally. Hes just turbo charged it. They say the cyclical upturn that began a year ago has less to do with trump and more to do with the Global Business cycle that bottomed in the First Quarter of 2016. Trumps simply the mechanism to take it to the next level, if you will. I agree. If trump didnt come out with the tax plan, keeps pushing it back, i think the market would still move. The economy was in great shape when he was elected. Hes benefitted from that tremendously in his presidency. The Global Economy is also in very good shape, so as we set off, youve got to
We will have exquisite interview with the chairman and founder of Colony Capital, tom barrick. We want to check in on the markets. Jon is taking a look at the turkish indices and the turkish lira. Jon equity markets are down 5 . Not reflected elsewhere, you can see markets in europe fairly stable, the ftse outperforming, a third of 1 . There is a big move there. There is a 40 premium offered by softbank or that deal look looks like the ftse gets a nice little lift. Market, the turkish lira, a big move. Slightly stronger in todays session. But that riskoff tone not really reflected in the fx market, it is a weaker japanese yen story. We trade at 105. 62 on the session. In the bond market, this is where things get interesting. Last week, an ugly session for treasuries. Ields up 20 basis points again today, you see bond yields inching higher on treasuries. In the commodity market, slightly softer. 47. 36 is how we trade on brent. Alix there is news concerning lending club. Chiefk dunn wil
Brookfield Asset Management Announces Results of Annual Meeting of Shareholders wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.
BROOKFIELD, NEWS, June 07, 2024 (GLOBE NEWSWIRE) Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced that all six nominees proposed for election to the board of directors by holders