Fed's Powell sees US cuts in 2024 but inflation progress a risk

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BofA: Actively managed funds narrowly beat passive funds in February

March 6, 2024 11:58 AM EST

In their US mutual fund performance update note Wednesday, analysts at Bank of America said actively managed funds narrowly beat passive funds in February.

The firm revealed that active funds posted solid results in February, with 54% of large-cap funds beating their benchmark by an average of 3bp.... More

UBS compares todays bull market and the 1990s bull run - no bubble ready to pop'

March 6, 2024 10:53 AM EST

In a note to clients this week, UBS analysts compared the current bull market to the 1990s bull run, highlighting some similarities.

The firm explained that as the Fed finished an aggressive hiking cycle in Jan 1995, US stocks began a bull run, delivering 27.9% annualized returns over six years before the bubble burst in March 2000.

"The Fed is close to dovish pivot today and semiconductors companies tell us that we may be at a productivity tipping... More