ABB CEO says preparing for market return later in 2017 - CNBC

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At beginning of 'long bear market in bonds,' which should help banks, investor Bill Miller says


At beginning of 'long bear market in bonds,' which should help banks, investor Bill Miller says
- Miller: We're at the beginning of a benign bear market in bonds 15 Hours Ago | 03:40The bull market in bonds is over and that should benefit financials, legendary investor Bill Miller told CNBC on Wednesday."We're at the beginning of a long bear market in bonds that will last for who knows how long," he said in an interview with "Closing Bell."While bank stocks have enjoyed a run up since President-elect Donald Trump won the election, Miller, who is chairman and chief investment officer at LMM, believes history shows there is probably more room to run.
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ABB CEO says preparing for market return later in 2017 - CNBC


ABB CEO says preparing for market return later in 2017 - CNBC
- ZURICH Jan 18 Power and industrial automation maker ABB sees 2017 as a transitional year with growth picking up in 2018 in the energy sector, Chief Executive Ulrich Spiesshofer said in an interview with CNBC on Wednesday."Global markets continue to be characterised by high levels of uncertainty we don't know yet how Brexit will come out," Spiesshofer said at the World Economic Forum in Davos."There is a lot of uncertainty that will have a subdued effect on the markets, we are .. preparing for a market return later on in 2017," Spiesshofer said.
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As market counts down to inauguration, traders want to see what Trump Treasury pick says about dollar, bonds


As market counts down to inauguration, traders want to see what Trump Treasury pick says about dollar, bonds
- Earlier this week, Trump himself said he believes the dollar is too strong.It's the Treasury secretary who typically comments on the currency, so Mnuchin's words on the topic could also be powerful after Trump sent the dollar lower.Strategists noted that Mnuchin stopped short of mentioning the currency in the CNBC interview and said a strong economy is important to the U.S.Mnuchin, a former Goldman Sachs partner, founded Dune Capital Management and bought failed housing lender Indymac in 2009.
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