Your Evening Briefing
The Turning Point, The Big Low, Countering the Bears: These are the titles of some Wall Street memos about what to expect in 2019. The world’s largest banks and money managers are preparing for the end of one of the longest bull markets in history. How that end might arrive, though, is the big question.
Here are today’s top stories
China, after years of trying to isolate Taiwan’s democratic government, is making noise again about unification. Taipei remains unimpressed.
Hedge fund managers set on starting their own firms in 2019 face the worst money-raising environment in years.
When it comes to MBAs and entrepreneurs, America’s loss because of newly restrictive immigration policies is becoming Canada’s gain, Bloomberg Businessweek reports.
What’s Joe Weisenthal thinking about? The Bloomberg news director is contemplating Fed Chair Jerome Powell’s musings on the relationship between unemployment and inflation, and whether the old models don’t work anymore.
What you’ll need to know tomorrow
- Cathay will honor cheap prices it mistakenly charged for first class.
- Sydney’s housing slump is getting worse.
- Don't be fooled by the recent bounce. Market outlooks are still bad.
- Fixed income is where it’s at in 2019, a market strategist says.
- One indicator points to lower interest rates, and recession.
- Tesla cut prices as a tax break recedes. See our exclusive Model 3 delivery data.
- Why the Pentagon bought Romania a hatchback.
What you’ll want to read tonight
Bloomberg Businessweek’s 2019 travel guide is here. This year, treat your travel bucket list like your office to-do list and tackle the timeliest items first. That means sailing through Brazil’s jaguar-filled Pantanal while everyone else heads down the Amazon, skipping overdeveloped Bali in favor of Bodrum and perhaps spotting a tiger or two in India’s Madhya Pradesh.
©2019 Bloomberg L.P.