The Wall Street Journal – Yellen Meetings With Financial Firm Come Under Scrutiny Congressional efforts to press the Federal Reserve for more details about a possible leak have suddenly focused attention on Chairwoman Janet Yellen’s contacts with financial firms. Ms. Yellen met in 2011 and 2012 with a representative of Medley Global Advisors, the financial… Continue reading No Love For The Yellen, The Fed
<Click on chart for larger image> The Wall Street Journal – U.S. Trade Gap Widens on Surging Imports Suggests international commerce was a significant drag on economic growth The March expansion in the U.S. trade gap was the largest in nearly two decades, suggesting that international commerce was a significant drag on economic growth to… Continue reading Trade Deficit – Q1 GDP Should Be Revised To Negative
CNBC – The list of big money bond market bashers is growing The bond market has turned into a punching bag for big investors, but strategists don’t see Treasury yields moving much higher for now. Both Warren Buffett and Omega Advisors’ Leon Cooperman Monday called the bond market overvalued relative to stocks. David Tepper of… Continue reading More Bond Market Hate
<Click on graphic for larger image> MarketWatch.com – The best—and worst—investing advice from titans of Wall Street Bill Ackman, David Einhorn, David Tepper, Jeffrey Gundlach and a bunch of other hotshot money managers are going to offer up an afternoon’s worth of potentially market-moving advice at the Sohn Investment Conference on Monday in Manhattan. But,… Continue reading Your Yearly Ira Sohn Guide To Underperforming The Market
<Click on graphic for larger image> <Click on graphic for larger image> The Financial Times – Stephen Foley: Warren Buffett versus the hedge funds Investors locked in to lower expectations and declining returns “The hedge fund managers have done very well over that period,” Mr Buffett said, noting that, on a notional $1bn portfolio, they… Continue reading More On Hedge Funds
<Click on chart for larger image> Reuters – Pimco Total Return Fund loses world’s biggest bond fund title The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world’s biggest bond mutual fund, following two years of withdrawals. On Monday, Pacific Investment Management Inc said investors yanked another $5.6 billion… Continue reading Funds With The Word “Index” Get All The Money
The Financial Times – Mergers and acquisitions boom driven by ‘jumbo’ deals Corner a banker at a cocktail party to explain the current boom in mergers and acquisitions and he or she will point to soaring stock prices, low interest rates for debt financing and the return of animal spirits in boardrooms. But ask a… Continue reading Booming Global M&A
The Wall Street Journal – Yellen: Fed Providing Lawmakers With Names of Staffers in Leak Probe The Federal Reserve is providing a congressional panel with the names of its staffers who had contact with a consulting firm that published details of market-sensitive policy deliberations in October 2012, “with the understanding that the names will be… Continue reading Who Leaked At The Fed?
Janus.com – Bill Gross: A Sense of an Ending …But what should this rational investor do? Breathe deeply as the noose is tightened at the top of the gallows? Well no, asset prices may be past 70 in “market years”, but savoring the remaining choices in terms of reward / risk remains essential. Yet if… Continue reading Bill Gross Speaks
CNBC – Bad sign? Retail investors all in: TD Ameritrade A broad look at the 6.5 million customer accounts at TD Ameritrade indicates that retail investors are “pretty fully invested” in stocks, the online brokerage’s CEO said Thursday. Fred Tomczyk cited several signs of this: margin loans at high levels, client cash at low levels… Continue reading Is Retail All In?
<Click on graphic for larger image>