Latest news with #BrianVendig
Bloomberg
6 days ago
- Business
- Bloomberg
Bloomberg Daybreak Asia: Stocks Edge Higher; Japan's Inflation Remains Elevated
Asian stocks made a modest gain at the open Friday as a global equity rally gained fresh vigor on strong economic data that eased concerns about the US economy. The MSCI Asia Pacific Index rose 0.2% at the open. Equity-index futures for US gained after the S&P 500 and Nasdaq 100 set closing highs Thursday. Tech stocks rose as a bullish outlook from Taiwan Semiconductor Manufacturing Co. bolstered confidence in artificial-intelligence spending. Netflix Inc. also reported strong earnings and raised its forecast. We get market insights from Brian Vendig, Chief Investment Officer at MJP Wealth Advisors. Plus - Japan's key price measure cooled a tad more than expected while remaining well above the Bank of Japan's target, keeping pressure on Prime Minister Shigeru Ishiba to mollify voters as he heads into Sunday's national election. Consumer prices excluding fresh food rose 3.3% from a year earlier in June, slowing from a 3.7% gain - a two-year high - in the previous month, the Ministry of Internal Affairs and Communications reported Friday. We get reaction from former BOJ board member Sayuri Shirai, now Professor of Economics at Keio University. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts on The Asia Trade.
Yahoo
11-05-2025
- Business
- Yahoo
'We're not out of the woods': Wall Street strategists say stock market's pain won't end with Trump trade deals
President Trump said last week that it was a good time to invest in the stock market. But Wall Street strategists told Yahoo Finance that volatility may not be over for equities despite more investor optimism surrounding trade deals. "Right now, we're not out of the woods. I don't think it's necessarily a 'pound the table' time to buy stocks per se," Brian Vendig, MJP chief investment officer, told Yahoo Finance in an interview on Friday morning. "In the short term, this volatility is not going away." During Thursday's unveiling of a UK-US trade deal, stocks climbed to session highs as Trump talked up more deals to come, along with a tax bill making its way through Congress. "You better go out and buy stock now," he said. "This country will be like a rocket ship that's straight up." The focus this weekend is Treasury Secretary Scott Bessent's meeting with Chinese officials. Trump has hinted at lowering the tariff rate on Chinese imports, which currently sits at 145%, to 80%. Read more: The latest news and updates on Trump's tariffs Investors may be optimistic that a US-China deal will lead to similar agreements with other countries. But the question is how fast these deals will come. The Trump administration's 90-day tariff pause will end on July 9. "The biggest risk is time," Vendig said. "If these things don't happen appropriately or efficiently over the next 60 days, the biggest risk to the US economy [is] not only in the psychological concerns around demand, but it's also inventory levels." Indeed, Chinese exports to the US tumbled in April from a year earlier, while its trade with other countries increased. "Some of the damage is already taking place," William Dudley, former president of the New York Federal Reserve, told Yahoo Finance. "We've already set the stage for supply chain frictions that will be plaguing the US economy over the coming months, even if we negotiate trade deals with these foreign countries," he added. Read more: 5 ways to tariff-proof your finances Although hard data like the most recent monthly government jobs report has yet to signal a significant economic slowdown, soft data like consumer surveys are flashing warning signs. American workers are the least confident they've been in over four years about finding a new job if they become unemployed. Consumer confidence has hovered at its lowest level since the early days of the pandemic. Meanwhile, some companies have pulled their outlooks this earnings season, citing the unpredictability of US tariff policy. "There is some level of uncertainty that has been already injected in the system and probably will be difficult to undo," Vanguard chief economist Roger Aliaga-Díaz said. Aliaga-Díaz said he will be looking at inflation prints, among other data, for signs of tariff impacts and a potential economic slowdown. "We're going to see that price shock first," he said. "That is going to eventually turn into a slowdown in activity that is in consumer spending data more toward the back end of the year." To be sure, some market watchers think early signs are that Trump's "Liberation Day" tariffs won't be as punitive as initially thought. That could at least limit the downside to stocks. "I wouldn't say that retesting the lows is out of the question by any means," Baird Private Wealth Management investment strategist Ross Mayfield said, "but only if the administration gives some evidence that they're going to lean back into that more restrictive trade environment." Still, given the uncertainty, investors should favor defensive plays, or stocks that are more recession-proof, right now, Truist co-chief investment officer and chief market strategist Keith Lerner told Yahoo Finance. "Everything that's going on with Washington — it's complicated is the main thing," Lerner said. He prefers sectors such as Utilities and Communications Services. "At this point, why should we be paying a peak multiple given the wide range of outcomes?" Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
'We're not out of the woods': Wall Street strategists say stock market's pain won't end with Trump trade deals
President Trump said last week that it was a good time to invest in the stock market. But Wall Street strategists told Yahoo Finance that volatility may not be over for equities despite more investor optimism surrounding trade deals. "Right now, we're not out of the woods. I don't think it's necessarily a 'pound the table' time to buy stocks per se," Brian Vendig, MJP chief investment officer, told Yahoo Finance in an interview on Friday morning. "In the short term, this volatility is not going away." During Thursday's unveiling of a UK-US trade deal, stocks climbed to session highs as Trump talked up more deals to come, along with a tax bill making its way through Congress. "You better go out and buy stock now," he said. "This country will be like a rocket ship that's straight up." The focus this weekend is Treasury Secretary Scott Bessent's meeting with Chinese officials. Trump has hinted at lowering the tariff rate on Chinese imports, which currently sits at 145%, to 80%. Read more: The latest news and updates on Trump's tariffs Investors may be optimistic that a US-China deal will lead to similar agreements with other countries. But the question is how fast these deals will come. The Trump administration's 90-day tariff pause will end on July 9. "The biggest risk is time," Vendig said. "If these things don't happen appropriately or efficiently over the next 60 days, the biggest risk to the US economy [is] not only in the psychological concerns around demand, but it's also inventory levels." Indeed, Chinese exports to the US tumbled in April from a year earlier, while its trade with other countries increased. "Some of the damage is already taking place," William Dudley, former president of the New York Federal Reserve, told Yahoo Finance. "We've already set the stage for supply chain frictions that will be plaguing the US economy over the coming months, even if we negotiate trade deals with these foreign countries," he added. Read more: 5 ways to tariff-proof your finances Although hard data like the most recent monthly government jobs report has yet to signal a significant economic slowdown, soft data like consumer surveys are flashing warning signs. American workers are the least confident they've been in over four years about finding a new job if they become unemployed. Consumer confidence has hovered at its lowest level since the early days of the pandemic. Meanwhile, some companies have pulled their outlooks this earnings season, citing the unpredictability of US tariff policy. "There is some level of uncertainty that has been already injected in the system and probably will be difficult to undo," Vanguard chief economist Roger Aliaga-Díaz said. Aliaga-Díaz said he will be looking at inflation prints, among other data, for signs of tariff impacts and a potential economic slowdown. "We're going to see that price shock first," he said. "That is going to eventually turn into a slowdown in activity that is in consumer spending data more toward the back end of the year." To be sure, some market watchers think early signs are that Trump's "Liberation Day" tariffs won't be as punitive as initially thought. That could at least limit the downside to stocks. "I wouldn't say that retesting the lows is out of the question by any means," Baird Private Wealth Management investment strategist Ross Mayfield said, "but only if the administration gives some evidence that they're going to lean back into that more restrictive trade environment." Still, given the uncertainty, investors should favor defensive plays, or stocks that are more recession-proof, right now, Truist co-chief investment officer and chief market strategist Keith Lerner told Yahoo Finance. "Everything that's going on with Washington — it's complicated is the main thing," Lerner said. He prefers sectors such as Utilities and Communications Services. "At this point, why should we be paying a peak multiple given the wide range of outcomes?" Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
'We're not out of the woods': Wall Street strategists say stock market's pain won't end with Trump trade deals
President Trump said last week that it was a good time to invest in the stock market. But Wall Street strategists told Yahoo Finance that volatility may not be over for equities despite more investor optimism surrounding trade deals. "Right now, we're not out of the woods. I don't think it's necessarily a 'pound the table' time to buy stocks per se," Brian Vendig, MJP chief investment officer, told Yahoo Finance in an interview on Friday morning. "In the short term, this volatility is not going away." During Thursday's unveiling of a UK-US trade deal, stocks climbed to session highs as Trump talked up more deals to come, along with a tax bill making its way through Congress. "You better go out and buy stock now," he said. "This country will be like a rocket ship that's straight up." The focus this weekend is Treasury Secretary Scott Bessent's meeting with Chinese officials. Trump has hinted at lowering the tariff rate on Chinese imports, which currently sits at 145%, to 80%. Read more: The latest news and updates on Trump's tariffs Investors may be optimistic that a US-China deal will lead to similar agreements with other countries. But the question is how fast these deals will come. The Trump administration's 90-day tariff pause will end on July 9. "The biggest risk is time," Vendig said. "If these things don't happen appropriately or efficiently over the next 60 days, the biggest risk to the US economy [is] not only in the psychological concerns around demand, but it's also inventory levels." Indeed, Chinese exports to the US tumbled in April from a year earlier, while its trade with other countries increased. "Some of the damage is already taking place," William Dudley, former president of the New York Federal Reserve, told Yahoo Finance. "We've already set the stage for supply chain frictions that will be plaguing the US economy over the coming months, even if we negotiate trade deals with these foreign countries," he added. Read more: 5 ways to tariff-proof your finances Although hard data like the most recent monthly government jobs report has yet to signal a significant economic slowdown, soft data like consumer surveys are flashing warning signs. American workers are the least confident they've been in over four years about finding a new job if they become unemployed. Consumer confidence has hovered at its lowest level since the early days of the pandemic. Meanwhile, some companies have pulled their outlooks this earnings season, citing the unpredictability of US tariff policy. "There is some level of uncertainty that has been already injected in the system and probably will be difficult to undo," Vanguard chief economist Roger Aliaga-Díaz said. Aliaga-Díaz said he will be looking at inflation prints, among other data, for signs of tariff impacts and a potential economic slowdown. "We're going to see that price shock first," he said. "That is going to eventually turn into a slowdown in activity that is in consumer spending data more toward the back end of the year." To be sure, some market watchers think early signs are that Trump's "Liberation Day" tariffs won't be as punitive as initially thought. That could at least limit the downside to stocks. "I wouldn't say that retesting the lows is out of the question by any means," Baird Private Wealth Management investment strategist Ross Mayfield said, "but only if the administration gives some evidence that they're going to lean back into that more restrictive trade environment." Still, given the uncertainty, investors should favor defensive plays, or stocks that are more recession-proof, right now, Truist co-chief investment officer and chief market strategist Keith Lerner told Yahoo Finance. "Everything that's going on with Washington — it's complicated is the main thing," Lerner said. He prefers sectors such as Utilities and Communications Services. "At this point, why should we be paying a peak multiple given the wide range of outcomes?" Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
Yahoo
10-04-2025
- Business
- Yahoo
MJP Wealth Advisors President Brian Vendig Named to the 2025 Forbes Best-In-State Wealth Advisors List
FARMINGTON, Conn., April 10, 2025--(BUSINESS WIRE)--MJP Wealth Advisors, a registered investment advisor and wealth management firm, announced today that its president, Brian Vendig, has been named to the 2025 Forbes Best-in-State Wealth Advisors list. "It is an incredible honor to be included in this list of respected industry professionals. This recognition reflects the dedication of our entire team and the meaningful relationships and trust we've built with our clients over our firm's nearly 45-year legacy," said Brian Vendig, President and Chief Investment Officer, MJP Wealth Advisors. "We are grateful to our clients for entrusting us to help them navigate their most important financial decisions." Founded in 1981, MJP Wealth Advisors provides wealth management solutions, investment strategies, and financial planning services to high-net-worth individuals, families, and businesses. The firm's highly customized financial solutions include traditional, bespoke, and alternative investment management strategies to help accumulate and preserve clients' wealth. The seventh annual 2025 Forbes Best-In-State Wealth Advisors ranking consists of seasoned wealth advisors that collectively oversee more than $16.7 trillion in client assets. The ranking, developed by SHOOK Research, is based on an algorithm of quantitative and qualitative data, including telephone, virtual, and in-person interviews, industry experience, compliance records, and assets under management. For the full list and additional information, including methodology used, please visit: About MJP Wealth Advisors MJP Wealth Advisors is an independent registered investment advisory firm providing comprehensive wealth management solutions and investment strategies to individuals, families, and businesses. The firm was established in 1981 and maintains offices in Farmington and Westport, CT. To learn more, please visit Brian Vendig, CPA, AIF®, is the President and Chief Investment Officer of MJP Wealth Advisors and has over 25 years of experience in the finance and accounting industries. Vendig manages all facets of the company's strategic development and operations. As Chief Investment Officer of the MJP Wealth Advisors Investment Committee, he oversees the creation of the firm's investment strategies and portfolios. Vendig frequently contributes market commentary to media outlets, and has appeared on CNBC, Bloomberg Television, Fox Business Network, CBS News and Yahoo Finance. Investment advisory and insurance services offered through MJP Associates, Inc. dba MJP Wealth Advisors, a Registered Investment Advisor. Securities offered through Arete Wealth Management, LLC, Member FINRA & SIPC. Advisors do not pay a fee for placement on the Forbes Top RIA Firms ranking, which is independently determined by SHOOK Research. The ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including assets under management and revenue generated for their firms. Investment performance is not a criterion. Rankings are based on the opinions of SHOOK Research, LLC and are not indicative of future performance or representative of any one client's experience. View source version on Contacts Media Scott GammStrategy Voice Associatesscott@ Sign in to access your portfolio
