Whether you embrace or reject etfs, they are here to stay. The flows signal Broader Market trends. Lets check in with Eric Balchunas. A snapshot of the flows and the theme is risky assets like the stocks. Eric thank you, scarlet. Im feeling like a broken record. Every week, i am saying people are excited about the fed being accommodative. It felt like about two months. Another week of the same thing. 15 billion into etfs. We have spy, the cuse. You also have ibv and some vanguard funds. Both major player types are buying in. I thought, this seems to have started in the beginning of june when the fed reassured markets. Lets capture june and july. The complexion of the flows is changing and this chart shows it is. June and july, etfs took in 85 billion. That is more than the rest of the year combined. That is a lot of money coming in. U. S. Equity etfs are taking in three times more than they did at the beginning part of the year. More than fixed income. They are now the leaders, which i
This creates enough uncertainty to where even the strong payrolls report that we got today is likely going to secure that cut. We are going to get a 50 basis points one way or the other. Mr. Trump now knows the buttons he has to press to get the outcomes that he wants. Good policy, bad policy, the white house is listening. That is why you are seeing the president be so aggressive right now. To the extent trump continues to push on the trade war and that hurts Economic Growth and creates these downside risk, presumably means that Central Banks will push more in terms of easier Monetary Policy. Jay powell has made clear that he is willing to step into the breach and backstop the president in this trade war. This is an adverse feedback loop that could get very dangerous. Jonathan joining us to discuss is Oksana Aronov, priya misra, and robert tipp. Oksana, that interplay between the Federal Reserve and trade policy from the white house, just talk to us about it. Oksana the fed went from t
Issue will dominate a thinking at the fed. You have to extrapolate this and you can about the fed delivering a series of cuts. Strong payrolls report that we cant today is likely going to secure that cut. We are going to get a 50 basis points one way or another. Mr. Trump now knows the funds he has to press to get the outcomes that he wants. That is why you are sitting president from so aggressive right now. To the extent trump continues to push on the trade war and that creates a downside risks, presumably means Central Banks will push more in terms of easier Monetary Policy. Jay powell has made clear that he is willing to backstop the president in this trade war. This is an adverse feedback loop that could get very dangerous. Joining us to discuss is Oksana Aronov, priya misra, and robert tipp. Oksana, that interplay between the Federal Reserve and trade policy from the white house, talk about it. Fat one from the frying pan into the fire with that announcement. Powell never had a pa
Delivering a series of cuts. This creates enough uncertainty where even the strong payrolls report that we got today is likely going to secure that cut. We are going to get a 50 basis points one way or another. R. Trump now knows the buttons he has to press to get the outcomes that he wants. Good policy, that policy, the white house is listening. That is why you are seeing the president be so aggressive right now. To the extent trump continues to push on the trade war and that hurts Economic Growth and creates a downside risks, presumably means Central Banks will push more in terms of easier Monetary Policy. Jay powell has made clear that he is willing to backstop the president in this trade war. This is an adverse feedback loop that could get very dangerous. Jonathan joining us to discuss is Oksana Aronov, priya misra, and robert tipp. Jonathan im jonathan ferro. Oksana, that interplay between this is bloomberg real yield. The Federal Reserve and trade it is time for the final spread.
The data is pretty solid. Were starting to create jobs but not treating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. Ofonce again the employment the populated rate went down with three Percentage Points below everywhere in 2008. That is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 years ago. We need to allow workers to keep more of what they earn, the more importantly we need to be able to drive more wages to our hardworking citizens of this country. We vary from you believe tax reform will drive to wage growth. Jonathan joining me in new york is Oksana Aronov from j. P. Morgan asset management, Richard Clarida at tempo, and Colin Robertson from Northern Trust asset management. Rich, when will be