December’s jobs report added another piece to the inflation puzzle for the Federal Reserve. With many moving parts, including 2023’s job growth, it’s becoming harder for Wall Street to truly know how the Fed will decide its next monetary policy move.
PNC Asset Management Chief Investment Strategist Marc Dizard joins Yahoo Finance to give investors insight into managing a portfolio during times of uncertainty and how the timing of the Fed’s interest rate decision may be just as important as the move itself.
“We’re running, I’ll say a slightly defensive playbook. So when I think of how to allocate portfolios right now, this isn’t the moment in time that we’re thinking that cash is a huge investment,” Dizard explains. “We want to remain fully invested but, we do like diversified portfolios. With the uncertainties — whether it be the Fed, inflation, labor, US consumer, when rate cuts and why rate cuts are going to happen — when we look at that mix of uncertain data, right now it just doesn’t seem like asymmetric risks are the ones that are going to pay off.”
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If you look where the job numbers were made and even lost, I’m not so optimistic. He’s spot on about the downward revisions and it smells fishy.
Fed reports cuts in June 2024. Need accurate report without fed cuts. 2.7 million jobs 2023. Step down 2022 from 4.8 million jobs 2022. Following 525 basis points rate hikes central banks March 2022.
We went into a manufacturing recession in August 2019 before the the pandemic compared to that, today manufacturing is booming.
Dow hit new high, s&p up 25%, market has to cool a bit, no?
These guys have been wrong for 2 years.
These guys have been wrong for many dacades, simply an echo chamber for Fed.
Labour Department is cooking the books!
The are revision of the # , and are down
450 k in last 12 months!
However, if you put correct # in time ,
the interest rate would be 2% or lower?
By having lower interest rate , the bond market
will drop significantly causing much less revenue
for FED.
Last 2 years , we are in recession !