August 17, 2018

Free-falling Turkish lira—what’s next?

A dramatic sell-off has made the Turkish lira cheaper on an inflation-adjusted basis than it has been since the 1990s, but there are good reasons to avoid exposure to Turkish markets until an orthodox policy response from the government is forthcoming, according to PGIM Fixed Income’s macroeconomic team.

July 27, 2018

PGIM Fixed Income Q3 2018 Market Outlook: Of Flowers and Flesh Wounds

After a half year of ongoing global uncertainty, investors continue to find varied—and perhaps mixed—metaphors to explain the evolving fixed income landscape, according to this edition of PGIM Fixed Income’s Quarterly Outlook.

July 09, 2018

Market Focus: Inflation data, bank earnings, trade, and Federal Reserve speakers

During a week of strong economic data releases, as well as the implementation of the first tranche of tariffs against Chinese goods and Chinese counter tariffs against U.S. products (already discounted by the markets), markets enjoyed a respite from the escalation of trade concerns, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

July 02, 2018

Escalating trade tensions have markets defensive as holiday week begins

In this shortened Fourth of July week, tariff-related issues are a major focus as U.S. tariffs against Chinese goods are due to be implemented on July 6, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 29, 2018

Quincy Krosby’s Q3 2018 Commentary: The Road to Normal

We’re in a new environment that could shift if markets sense the Fed is making a policy mistake. This new backdrop calls for caution and selectivity, as companies now must earn investor approval as markets adjust, says Quincy Krosby, Prudential's chief market strategist in her Q3 2018 Market Commentary: “The Road to Normal

June 25, 2018

Trade, Fed speakers, data releases may be market movers this week

Escalating trade tensions will continue to dominate headlines this week as markets try to determine where this issue is headed, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 18, 2018

Tariff concerns, stress test results, housing data and OPEC may move markets

“This is going to be a busy week for headlines—look for the market to move on every single headline, every single comment out of Washington and China,” Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 11, 2018

Kim Jong Un, ECB, FOMC meetings to dominate market

Three meetings will dominate markets this week: the U.S.-North Korea summit, and the meetings of the Federal Open Market Committee (FOMC) and the governing council of the European Central Bank (ECB), Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 04, 2018

Apple’s WWDC, G-7, North Korea summit will keep market busy this week

Headlines could have an important influence on the market this week with earnings season all but finished — pushing trade, tech, and the run-up to the back-on-again U.S.-North Korea summit to the forefront, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 29, 2018

A global, risk-off market as Italy, Spain face political and fiscal challenges

Coming out of Memorial Day weekend, global markets have been gripped by political crises in the European Union, as Italy—the EU’s third-largest economy—will face another election and Spain’s prime minister faces a no-confidence vote, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

May 21, 2018

Tariffs on hold, market scrutinizes FOMC minutes, manufacturing reports on radar

Worries over a potential trade war with China subsided this weekend as Treasury Secretary Steve Mnuchin announced that the Trump administration “agreed to put the tariffs on hold” while negotiations focus on drafting a framework for addressing trade imbalances, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 14, 2018

NAFTA, China trade negotiations should capture market attention this week

An update on NAFTA negotiations, continued U.S.-China trade talks, retail data and a parade of Fed speakers may dominate market-related headlines this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 07, 2018

Deadline on Iran nuclear deal, inflation data, Fed speakers and earnings in focus this week

Important barometers of inflation—the Producer Price Index (PPI) and Consumer Price Index (CPI) come out this week; however, U.S.-China trade negotiations and the Trump administration’s deadline on the Iran nuclear deal may dominate headlines, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 30, 2018

Apple earnings, trade negotiations, payroll data, FOMC dominate market headlines

Earnings reports continue to maintain investor focus this week as Apple and other big names report; the U.S. and China begin trade negotiations; and steel and aluminum tariffs are due to be imposed May 1, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 23, 2018

Market eyes big tech earnings as treasury yield rises

The earnings season deluge continues with Alphabet, Amazon, Facebook and Microsoft reporting, among many others; however, market watchers will focus equally on the 10-year Treasury yield as it inches closer to 3 percent, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 16, 2018

PGIM Fixed Income Q2 outlook: At cruising altitude with seat belts at the ready

The second quarter 2018 edition of PGIM Fixed Income’s quarterly outlook leads off with “Air Pockets at Cruising Speed—Welcome to QT” by Robert Tipp, CFA, chief investment strategist and head of Global Bonds. In examining some prevalent market concerns, including quantitative tightening, Tipp provides some perspective on how investors might consider these issues after Q1’s volatility.

April 16, 2018

Market reaction to U.S. strike in Syria muted, focus returns to Fed, earnings, retail sales

Fears that the targeted missile strike in Syria by the U.S. and its allies could cause a widening of the conflict in the region have not yet impacted the market, while investors will turn attention to earnings, retail sales and a parade of speakers from the Federal Reserve, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 09, 2018

Trade talk dominates as earnings season begins with big bank reports

Tariff headlines and an anticipated response from China continue to dominate market psyche as the first quarter earnings season opens, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

April 02, 2018

Second quarter opens with Chinese tariffs and trade concerns heating up

The second quarter may get off to a rocky start due to Chinese tariffs on 128 American products—mostly in the agriculture sector—pork, almonds and apples among them—in response to President Trump’s steel tariffs, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

March 29, 2018

Don’t fear inflation’s impending arrival, PGIM leaders say

The inflation that the Federal Reserve has been expecting will arrive soon, but it’s not likely to gallop away with the economy, says PGIM’s leadership.

March 28, 2018

Quincy Krosby’s Q2 2018 Commentary: Regime Change

The second quarter of 2018 begins with a new head of the Federal Reserve and a more volatile market. Quincy Krosby, Prudential’s chief market strategist, shares a history of regime changes at the Fed and how we may expect monetary policy to impact the market in the second quarter and beyond.

March 26, 2018

On holiday-shortened week, market seeks strength in global economic data as trade fears ease

As the market struggles to regain its footing following a difficult spate of selling last week, an important clutch of data will be released in the U.S., the Eurozone, Japan and China, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

March 19, 2018

Fed meeting builds anticipation for latest news on rate hikes

Even with trade-related headlines hovering over markets—particularly in regard to any tariffs imposed on China—market participants will pivot their focus to the Federal Reserve’s Open Market Committee (FOMC) meeting, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

March 16, 2018

QMA Market Pulse: All eyes on productivity

The recent market correction and sharp jump in volatility has brought a renewed focus on inflation and interest rates. But what about productivity?

March 12, 2018

Market, buoyed by positive job data, watches inflation indicators as quadruple witching day arrives

Markets enjoyed a strong rebound Friday as the latest employment report indicated a labor market that continues to expand while keeping higher wages at bay, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

March 05, 2018

“Trade war” talk should not trump Fed, ECB speakers and employment data

The president’s observation that trade wars are “good and easy to win” was softened somewhat this weekend by his advisors, who suggested that there could be exceptions to tariffs on steel and aluminum, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

February 26, 2018

Chair Powell speaks to Capitol Hill as global markets monitor every word for policy clues

Federal Reserve Chairman Jerome Powell heads to Capitol Hill this week to discuss the state of the economy, and investors will be following every word for clues about future rate hikes, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

February 20, 2018

Treasury $258 billion bond sale and Fed response to inflation earn attention

With the intense spark of higher volatility seemingly behind us — at least for now — investors are looking ahead at the possibility of four interest rate hikes this year rather than the presumed three telegraphed by the Federal Reserve last year, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

February 12, 2018

Is this the bottom? Market eyes inflation, possible forced selling, and earnings data

Following a harrowing week in global markets, the ability of the market to defend its 200-day moving average and close in the green on a Friday were net positives for the investor psyche, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

February 05, 2018

Quincy Krosby: Markets Start Week in the Red After Hourly Wages, Treasury Yields Rise

Good news for Main Street was bad news for Wall Street on Friday as average hourly earnings surprised to the upside, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. Treasury yields climbed higher, igniting fears that the Federal Reserve would be forced to raise rates at a quicker pace.

 

January 29, 2018

Quincy Krosby: Earnings Deluge, Fed Meeting, State of the Union Among Potential Movers

Over one hundred S&P 500 companies will deliver earnings reports this week, including technology giants Apple, Amazon, Alphabet (Google), Facebook, Microsoft, Qualcomm and eBay, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

January 22, 2018

QMA’s 2018 outlook sees continued global growth

After a year that saw the S&P 500 Index return more than 20%, QMA predicts stocks will again outpace bonds in 2018 — potentially by a very wide margin. While QMA's base case, outlined in its 2018 Outlook & Review "Goldilocks Growth and the Missing Bears," calls for S&P returns in the 10% range, the firm envisions scenarios that could have 2018 nearly matching 2017's surprise breakout year for equities.

January 22, 2018

Quincy Krosby: Shutdown Deal, Earnings, Housing Data, GDP, ECB Dominate Market Headlines

Senate leadership crafted a deal to end the partial shutdown of the U.S. government, as the earnings season continues this week, offering traders and investors a parade of reports from bellwether names in media, industrials, pharmaceutical and other sectors, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

January 16, 2018

Quincy Krosby: Bank earnings, budget deadline, Beige Book among potential market movers

The earnings season continues this week with important bank earnings reports from Citigroup, Bank of America, Goldman Sachs, U.S. Bancorp and Morgan Stanley, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

January 16, 2018

PGIM Fixed Income Q1 Outlook: When Fiscal and Monetary Policies Diverge

The two diverging factors set to unfold in 2018—a broad loosening of U.S. fiscal policy countered by gradually tightening monetary policies among some of the world’s major central banks—underscore investors’ challenge of recognizing directional cues throughout the year. PGIM Fixed Income’s Q1 2018 Outlook examines what these signals might look like across the fixed income markets, the global economy, and the various corporate sectors.

January 08, 2018

Quincy Krosby: Busy market week with earnings, inflation data, Fed speakers

It will be a busy week for markets with earnings, inflation data, a parade of Fed-speak and tariff chatter in the background, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

January 05, 2018

PGIM experts: Corporate spending will determine tax reform’s effect

The success of the most far-reaching U.S. tax overhaul in decades will depend on whether American companies invest their tax windfall on expanding hiring and production capacity or save it for dividends and share buybacks that, while they increase shareholder value, do little for economic growth, according to three PGIM thought leaders.

January 02, 2018

Quincy Krosby: Data releases may be market mover in shortened week

This holiday-shortened week brings a heavy package of data for investors to absorb, while geopolitical concerns continue to hover over the markets, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

December 26, 2017

Quincy Krosby: Low trading volumes expected globally during holiday week

There will be a thinly traded market during the holiday week with a light package of data releases, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

December 20, 2017

Quincy Krosby’s Q1 2018 Commentary: Turning the Page

With a new year comes potential market movers new and old, ranging from cryptocurrency to corporate capital spending to a possible tax-law overhaul. Quincy Krosby, Prudential’s chief market strategist, provides a guide to what we are facing in the first quarter in her Q1 2018 market commentary: Turning the Page

December 18, 2017

Quincy Krosby: Will traders hit the sell button on the tax reform vote news?

Despite a calendar of important economic data this week, the tax reform plan takes center stage as it most likely makes it back to both houses of Congress for a vote – one the market expects to be a “yes,” Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

December 11, 2017

Quincy Krosby: Start of Bitcoin futures trading dominates market news

It’s Bitcoin Monday, with the cybercurrency dominating news coverage as it begins trading today on a major exchange for the first time, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

December 04, 2017

Quincy Krosby: Tax reform, $69 billion megadeal, jobs report among potential market movers

The Senate’s passage of its version of a tax reform bill is being greeted by the market as a viable sign that congressional Republicans are determined to get a deal signed, sealed and delivered to the president’s desk as quickly as possible, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 27, 2017

Quincy Krosby: Incoming Fed Chair confirmation hearing, Yellen testimony, tax reform among market movers

Jerome Powell’s Federal Reserve chairman confirmation hearing will be followed by investors and traders as he explains how he would handle an economic crisis and why he thinks inflation remains stubbornly low, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 20, 2017

Quincy Krosby: Economic data releases mark Thanksgiving-shortened trading week

In a holiday-shortened trading week, there is still important data for the market to digest, including the index of leading economic indicators, existing home sales, durable goods orders and minutes from the latest Federal Reserve meeting, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 13, 2017

Quincy Krosby: Market will focus on inflation, retail sales, consumer sentiment and tax reform headlines

There is much for the market to absorb this week, particularly on inflation data, retail sales and consumer confidence, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

November 06, 2017

Quincy Krosby: Market will focus on geopolitical drama in light week for economic data

A light calendar for economic data should leave the market focused on President Trump’s Asian trip, tax reform negotiations, Saudi Arabia’s “anti-corruption” roundup, and the last of high-profile names reporting earnings, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

October 30, 2017

Quincy Krosby: Tax reform push, earnings continue with Apple headlining, data deluge, Fed meeting and naming of Fed chair

Another incredibly busy week for the markets will be led by developments on tax reform, more big-name earnings releases, and the possibility that a new Fed chair will finally be announced, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 23, 2017

Quincy Krosby: Earnings deluge, ECB decision, Abe win, tax reform and Fed chair guessing game on the market’s mind

Entering the last days of October, the market will focus on a big earnings week, big decisions by Mario Draghi and President Donald Trump, as well as the decisive outcome of Japan’s snap election and the progress of tax reform, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 18, 2017

Broad, Balanced Growth Puts Emerging Markets in Focus

In the latest edition of PGIM Fixed Income’s quarterly outlook, Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, looks at a global recovery that is often characterized as “sluggish,” but one that may ultimately be remembered for its durability.

October 16, 2017

Quincy Krosby: Earnings, budget, range of economic data may be this week’s market movers

A week of earnings from nearly every sector, focus on budget talks and data releases including housing, industrial production, manufacturing and leading indicators are likely market movers this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

October 09, 2017

Quincy Krosby: Inflation gauges; earnings season; “calm before the storm” among potential market movers

Markets this week will focus on economic fundamentals including the producer price and the consumer price indexes, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 02, 2017

Quincy Krosby: Tax reform, employment situation report, Fed speakers may move markets

Tax reform will again take center stage as Trump administration officials continue to sell their tax reform framework to the American people, and important data releases may dominate the market, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

October 02, 2017

Quincy Krosby's Q4 2017 Commentary: The End Game

The end of the year is rapidly approaching, and anyone overwhelmed by recent headlines may be forgiven for thinking a little holiday cheer can’t come soon enough. The fourth quarter tends to be, statistically at least, the most hospitable for markets, while the third quarter is known for heightened volatility. Quincy Krosby, Prudential’s chief market strategist, leads us through potentially positive and negative indicators in her Q4 2017 market commentary: The End Game.

September 25, 2017

Quincy Krosby: Trump’s agenda on health care, tax reform may dominate markets

President Donald Trump’s legislative agenda, led by attempts to repeal and replace the Affordable Care Act by the end of September, probably will dominate the market this week, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

September 18, 2017

Quincy Krosby: FOMC meeting, Fed balance sheet to dominate market this week

The Federal Open Market Committee will likely announce the beginning of the reduction of its $4.5 trillion balance sheet in what promises to be a busy week for the markets, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

September 11, 2017

Quincy Krosby: Markets unwind safety trades as North Korea, hurricane threats ease

Markets are unwinding risk-off safety trades that saw gold climb to almost a one-year high and the 10-year Treasury yield threaten to dip below 2 percent as North Korea celebrated its Day of the Foundation without launching a missile, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. Also, Hurricane Irma was less destructive than forecast.

September 05, 2017

Quincy Krosby: North Korea concerns continue to weigh on U.S. markets

Heightened geopolitical concerns centered on North Korea will once again weigh on U.S. markets this week amid reports in the South Korean press that the north is preparing for another intercontintental missile launch, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

August 28, 2017

Quincy Krosby: Hurricane Harvey, tax reform and employment data may stir market this week

For what is typically a quiet week in August, the market must digest a package of important market-moving data releases, the President’s visit to Texas in the wake of Hurricane Harvey and the beginning of his tax reform roadshow... 

August 21, 2017

Quincy Krosby: Geopolitical concerns continue to shadow market this week

Geopolitical concerns continue to hover over the market this week as the U.S. and South Korea began joint military exercises amid threats from North Korea, Prudential’s Chief Market Strategist Quincy Krosby said on her weekly “Connecting the Dots” outlook.