Bloomberg Business – Hedge Funds Leave U.S. Pensions With Little to Show for the Fees Here’s what U.S. state and city pension funds are getting this year for the hundreds of millions of dollars in fees they’re forking over to hedge funds: almost nothing.The investment pools gained 0.4 percent through November, putting them on pace… Continue reading Your Daily Installment In Hedge Fund Pain
Charts of the Week Topics Covered This Week Include: Betting On A Rate Hike Is The Market Too Complacent About Fed Rate Hikes? Is The Market Too Complacent About Fed Rate Hikes? – 2 The Fed’s Rate Decision We Produce Too Much Oil Spot Crude Oil Prices OPEC & The Price Of Oil Wages, Payrolls… Continue reading Charts of the Week
<Click on chart for larger image> The Guardian – Oil producers prepare for prices to halve to $20 a barrel Financial market turmoil sees fresh slide in crude, lowest iron ore prices for a decade and losses on global stock markets The world’s leading oil producers are preparing for the possibility of oil prices halving… Continue reading More On Crude Oil
<Click on chart for larger image> The Wall Street Journal – Losses at Andrew Hall’s Oil Fund Deepen Astenbeck loses 9.7% in November, assets under management down Astenbeck Capital Management LLC, a hedge-fund firm run by oil trader Andrew Hall, lost 9.7% in November, bringing 2015 losses to more than 26%, according to an investor… Continue reading More On That Distant Scream From The Hedge Fund Industry
<Click on chart for larger image> The New York Times – If It Owns a Well or a Mine, It’s Probably in Trouble Companies are caught in the downdraft. A number of commodity-related businesses have either declared bankruptcy or fallen behind in their debt payments. Even more common are the cutbacks. Nearly 1,200 oil rigs,… Continue reading Pain For Commodity-Related Businesses
<Click on chart for larger image> Bloomberg Business – A Strong Dollar Hurts China More Than the U.S Yuan’s tether to greenback means both rise on higher rates This hurts China more as its economy depends more on trade Here’s a surprise for China critics such as Donald Trump who brand the country a currency… Continue reading Why The Strong Dollar Hurts China
<Click on chart for larger iamge> The Telegraph – The junk bond market’s early warning signs are all flashing red for the global economy The antennae of high-yield investors are particularly sensitive to the danger signals swirling around the financial ether While it is broadly true that most financial activity is powered by a heady… Continue reading Junk Bonds
<Click on graphic for larger image> MarketWatch.com – Opinion: Here are the odds that U.S. stocks will rise in 2016 There’s a 66.1% chance that the U.S. stock market will rise in 2016. If you’re like most investors, you’re encouraged by those odds. After all, the current bull market can’t last forever, and, depending on… Continue reading Stocks In 2016
CNN – ‘Markets are falling apart,’ says Jeff Gundlach A prominent investor is warning that markets are in terrible shape right now. U.S. stocks are “whistling through the graveyard,” according to Jeffrey Gundlach. He’s the founder of Doubleline Capital, which manages over $70 billion in assets. “There are plenty of markets that are falling apart… Continue reading Jeff Gundlach Speaks
MarketWatch.com – Caroline Baum: Opinion: Larry Summers and two groups unite against the Fed’s Yellen The arguments against an interest-rate increase are piling up What do Larry Summers, market monetarists, gold bugs and other hard-money types have in common? No, it’s not a trick question, but it yields a surprising answer. Three different economic philosophies… Continue reading The Fed’s Rate Decision
The Economist – How companies massage their profits to beat market forecasts ALMOST every results season, the markets go through an elaborate ritual, as stylised as Kabuki theatre. The profit forecasts made by analysts, highly optimistic in advance, are reduced. Companies then beat those forecasts by a small margin. Analysts then declare the result season… Continue reading How Companies Manipulate Profits