Stocks Post Worst Year In Decade… Wall Street concluded a tumultuous 2018 on Monday as the major stock indexes posted their worst yearly performances since the financial crisis. After solid gains on Monday, the S&P 500 and Dow Jones Industrial Average were down 6.2 …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Forced selling by loan funds in the once red-hot $1.3-trillion “leveraged loan” market. Part of the $1.3 trillion in “leveraged loans” — loans issued by junk-rated overleveraged companies — end up in loan mutual funds and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Forced selling by loan funds in the once red-hot $1.3-trillion “leveraged loan” market. Part of the $1.3 trillion in “leveraged loans” — loans issued by junk-rated overleveraged companies — end up in loan mutual funds and …
Wells Fargo CEO Survives to 2019 as Scandals Burn Through Bank’s Ranks Tim Sloan’s year featured a cap on growth and calls for ouster The months ahead mean ‘more distraction, more personal pain’ Tim Sloan’s biggest achievement of 2018 might …
via Bloomberg: (Bloomberg) — China’s cleanup of its shadow-banking system is fueling a record number of liquidations in its $1.9 trillion mutual fund market. More than 600 funds have been closed this year, surpassing all liquidations in the previous 12 …
via Sunny Oh Investors fled U.S. equity funds at the fastest pace on record in the week ended Wednesday, according to data from Lipper. More than $46 billion was redeemed from U.S. stock mutual funds and ETFs between Dec. 5 …
via Sally Bakewell Investors pulled cash from funds that invest in leveraged loans, while high-yield debt draws scrutiny from the Federal Reserve for losses it could inflict on investors in a downturn. Mutual and exchange-traded funds saw outflows of $1.32 billion in the week ended …
by cyclonenation04 TL/DR: Due to the significant growth of index fund use, voting rights and control of public companies are held by an ever shrinking group of index fund managers (Vanguard, Blackrock, Fidelity, State Street) https://www.wsj.com/articles/bogle-sounds-a-warning-on-index-funds-1543504551?mod=mhp https://outline.com/DGK9Td (if paywall) There no …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Exchange-traded bond funds and bond mutual funds are big business. They’re a lot easier for retail investors to buy and sell than the actual bonds, particularly bond ETFs, which trade on stock markets just like stocks …
BY JARED DILLIAN My name is Jared Dillian. I’m the former head of ETF trading at Lehman Brothers. And I’m here to tell you to that I like open-end mutual funds better than ETFs—mostly because ETFs are misused. Slow down, Turbo. …
The stock market has behaved wildly in the last few weeks, as the Fed tightening and trade issues still plague the markets. In the previous quarter, funds have been selling off particular stocks and it’s quite interesting to see what …
https://youtu.be/XAqumEovlBo Soros Partners With Mastercard To Hand Out Money To Migrants Billionaire investor George Soros has repeatedly denied rumors that he is helping to finance the migrant caravans making their way up from Honduras and Guatemala through Mexico with …
This was from presidential candidate Dr. Jill Stein on Christmas day 2016. This bears repeating from time to time as regulars forget this aspect or new comers have never seen this information or concepts in their education or media experience. …
via Zero Hedge With hedge fund redemption pressures – as a result of what has been largely abysmal performance by the 2 and 20 crowd in both Q3 and 2018 – frequently cited as one of the potential culprits for …
The financial markets are extremely sensitive to interest rates. The most important factor in this current bull market is the Fed Funds Rate. All central banks around the world are watching what the Fed does and are reacting accordingly. But …
by Simon Black Last week, the head of a New York state pension fund found herself a new job. Vicki Fuller, the former head of New York’s $209 billion fund, now earns $275,000 per year working part time for a natural gas group …
From Bloomberg: It’s all the rage in charitable giving — and it’s actually got some charities worried. Donor-advised funds — money that grows tax-free in individual accounts — are reshaping the landscape of U.S. philanthropy. After creating their account, donors choose how it’s …
by Jesse Numbered — God has numbered your reign, and will end it. Weighed — you are weighed on the scales, and found wanting. Divided — your power will be divided up and given to others. Daniel 5:25-28 “QE [quantitative …
by Stahrk https://www.bloomberg.com/news/articles/2018-09-12/fidelity-launches-two-additional-zero-fee-index-mutual-funds https://www.fidelity.com/about-fidelity/individual-investing/fidelity-continues-to-lead-the-industry-with-launch With the addition of these funds, this makes a total of four zero-ER offerings from Fidelity, they’ve lowered the ERs on most of their other funds, and also nixed the minimum investment requirements and all account-level …
News article: https://www.cnbc.com/2018/09/04/fidelity-offers-first-ever-free-index-funds-and-1-billion-follows.html Link to the funds: Fidelity ZERO Total Market Index Fund (FZROX) Fidelity ZERO International Index Fund (FZILX) Technically they only had $753.5M+$234.18M=$987.68M on August 31 but according to CNBC that’s good enough to round up to a billion. …
h/t @David_Schro OECD’s William White (called ’08 Crisis), former head of BIS, interview on RealVision
by thawowtso https://www.marketwatch.com/story/vanguard-employees-wont-have-sp-500-funds-in-the-401k-plan-2018-06-06 I just became aware of this change when my employer chose to follow in Vanguard’s footsteps, so this is a bit of old news (from June). The article title is also a bit misleading. Essentially, Vanguard has …
via freebeacon: China’s Communist Party is intensifying covert influence operations in the United States that include funding Washington think tanks and coercing Chinese Americans, according to a congressional commission report. The influence operations are conducted by the United Front Work Department, …
Wall St. For Main St., Released on 8/17/18 During this 35+ minute interview, Jason asks Mish what he thinks are the most important things going on in the global economy that people should pay attention to for the rest of …
via investing: Summary Hedge funds have bet heavily against a rise in the prices of gold and silver. We could be on the verge of a rapid move up in gold and silver. Silver appears to be transitioning into a bull market. In …
by Jesse Gold inventories in trusts and funds declined. Silver inventories did not. Even as the prices of both declined. The largest gold trust is GLD. Gold is held by HSBC Bank plc (the “Custodian”) in their London vaults on …
from Zero Hedge In 2015, at the peak of the commodity-crush induced wave of energy defaults, a high-yield bond fund at Third Avenue in froze withdrawals to avoid having to divest holdings at fire-sale prices. That set off a chain of …
by MedicalLabScientist I know the talk around town is how they lowered two funds to 0.00%….But who cares, because the really great funds are ALMOST FREE now after the fee drop. I know have a fully diversified index portfolio …
by Simon Black I’ve been talking a lot about the looming pension crisis… My short thesis is, if you’re depending on a pension for your retirement, it’s time to start looking elsewhere. Pensions are simply giant funds responsible for paying out …
via confoundedinterest: On the one hand, The Federal Reserve has been raising its target rate (upper bound) in recent years, from 25 basis points (Dec ’15) to 200 basis points today. But if we subtract inflation (CPI YoY) from the target …