Newsclips
SFBTA Conference Handout
February 11, 2019
On Friday Jim spoke to the South Florida bond Trader Association annual conference in Boca Raton.
On Friday Jim spoke to the South Florida bond Trader Association annual conference in Boca Raton.
Today's topics include buybacks and dividends, the correlation between stocks and bonds, a fiscal boost for Europe, Brexit, Deutsche Bank, investors' reasons for choosing an ETF and active managements' struggles.
Despite $16 billion in passive ETF outflows in January, active managers should not be declaring victory just yet.
Today's topics include Powell's new relationship with the stock market, Powell picking up where Yellen left off, active management, LIBOR tumbles, corporate bonds surge, negative-yielding debt in Japan, the global slowdown, EM currencies, BoE cuts its growth outlook, the private debt market boom, Bullard speaks, more on the earnings recession, stock and bond investors and the history of sovereign debt.
Traders continue to use the high yield index market as a hedge rather than trading the underlying bonds. This is a strategy that works while liquidity exists, but could pose serious problems in volatile markets.
Today's topics include questioning the risk rally, sizing up the size of the U.S. government, stock buybacks, the bond trading business, leveraged loans, the logistics of exporting crude oil, Brexit, the 2020 presidential race and extreme securitization.
One side effect of the government shutdown has been a drastic reduction in regulatory activity.
The largest companies in the S&P 500 trade almost 5 times more often than the smallest companies.
Jerome Powell finally broke his streak of negative stock returns on FOMC days.