US Stocks (SPY) Poised to Turn a Corner, Citadel Securities’ Rubner Says
Citadel Securities’ Scott Rubner is growing “increasingly constructive on what comes next” as US equities head into the final quarter of the year.
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Citadel Securities’ Scott Rubner is growing “increasingly constructive on what comes next” as US equities head into the final quarter of the year.
US equity futures and Treasuries find some relief as investors await the latest inflation data for a signal on whether the Federal Reserve will raise interest rates next week. US diesel prices rose above $6 a gallon for the first time ever, raising the risk of further energy-driven inflation. The US marks 25 years since the September 11 terrorist attacks. Isabelle Mateos Y Lago of BNP Paribas joins "Bloomberg Brief" to look ahead to the CPI data. (Source: Bloomberg)
A 10-year US Treasury yield of 5.5% represents the threshold at which higher borrowing costs would overwhelm earnings growth and begin to pressure equity valuations, according to Alain Bokobza, head of global asset allocation at Societe Generale SA.
Katherine Bordlemay, co-head of client portfolio management at Goldman Sachs Asset Management, expects to see a ``ping-pong of volatility'' continue in US stocks even as major indexes grind higher. She says stronger earnings have cushioned equities from rising US Treasury yields. She speaks with Dani Burger and Isabelle Lee on Bloomberg's ``Open Interest.'' (Source: Bloomberg)