Strategist Who Nailed 2019 U.S. Stock Surge Warns on Positioning By Bloomberg

(Bloomberg) — U.S. stock positioning is near extreme levels as investors price in improving worldwide economic growth, according to Deutsche Bank AG (DE:). “Equity positioning, like the market itself, has run far ahead of current growth asinvestors price in a global growth rebound,” strategists Parag Thatte, Srineel Jalagani and Binky Chadha wrote in a note Friday. It “is now in the 96th percentile on our consolidated measure, with a wide variety of metrics very stretched.“ Systematic strategies have raised equity exposure to the top of their ranges — to where…

After a Decade of Hiring, Plenty of Jobs but Raises Are Tiny

“As rosy as the numbers look from a high level, there’s still pain out there, jobs cuts that are happening, industries that are struggling and people losing their jobs,” he said. Because the company’s survey tracks layoff announcements, Mr. Challenger said, it’s “a bit more forward looking” than the Labor Department’s figures. Plans can change, he noted, but the results “point to sentiments, if they think they’re going to cut.” Boeing, as well as the aerospace industry on the whole, is still reeling from the aftermath of two accidents that…

Oil remains a pillar of Canada’s economy, but it’s the digital economy that’s driving growth

Stephen Poloz, the Bank of Canada governor, has been telling us for a while now that he’s skeptical that statistical methods developed for the old economy are telling us everything we need to know about what’s happening here in the new economy. When he’s in front of a crowd and the subject comes up, Poloz tends to ask everyone who buys stuff on Amazon to put up their hands. Then he informs the audience that none of those purchases are captured in Statistics Canada’s monthly tally of retail sales because…