Month: September 2020

Time is running out.
We keep forgetting we’re running for president. And the clock is ticking.
Life happens, we suppose. We’re so busy doing things… we keep forgetting to stand up and make wild promises about the many things we never intend to do.
We must be honest though.
The polls aren’t good.
We’re from the Party of the Unelectables… and it’s proving true. We don’t have a shot.
But we figure if all the political hoopla these days is little more than smoke and mirrors anyway, why can’t we bounce off fun house walls as well?
If they can do it… surely we can too.
It’s the …read more […]

Top news and what to watch in the markets on Tuesday, September 15, 2020. …read more […]

(Bloomberg Opinion) — Market commentators are shaking their heads. Wall Street heavyweights are dubious. Federal Reserve officials are warning about dim prospects for a robust recovery of the devastated pandemic economy. Yet even as the U.S. economy falters and Americans suffer more from Covid-19 than citizens of other developed countries, U.S. stocks are outpacing the rest of the world’s equities by a wider margin than at any time in at least 50 years.Illogical? Appearances would seem to say so. Loretta Mester, president of the Federal Reserve Bank of Cleveland, said this month that the recovery from the second quarter’s record …read more […]

(Bloomberg) — Ray Dalio is having a very bad year.So very bad, in fact, that the billionaire risks losing his coveted title as king of hedge funds.Dalio’s $148 billion Bridgewater Associates has run up hefty losses this year, even as rivals have minted money in the topsy-turvy markets. The damage as of August: an 18.6% drop in the flagship Pure Alpha II fund.Those losses, the worst in a decade, top a sprawling list of troubles that has plunged Bridgewater into a round of crisis management, according to more than 25 people with knowledge of the firm’s inner workings.First, Bridgewater’s computer …read more […]

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On Tuesday, Apple is expected to unveil updates to several key products, including the Apple Watch and iPad, that will help determine whether it keeps up that streak. As markets closed Monday, Apple shares were up nearly 54% for the year, well ahead of the 22% gain for the Nasdaq. How the new products sell during the holiday shopping season in many western markets will largely define how well Apple performs for its entire fiscal year, which started this month. …read more […]

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The Paris-based IEA cut its 2020 outlook by 200,000 barrels per day (bpd) to 91.7 million bpd in its second downgrade in as many months. “We expect the recovery in oil demand to decelerate markedly in the second half of 2020, with most of the easy gains already achieved,” the IEA said in its monthly report. …read more […]

Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA’s shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world’s fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the COVID-19 challenge to the auto sector. Milan-listed shares in Fiat Chrysler rose almost 8% by 1000 GMT, while PSA gained 1.5%. …read more […]

(Bloomberg) — Hennes & Mauritz AB reported a return to profit that surged far past analysts’ expectations, a bullish sign for purveyors of fast fashion.The Swedish clothing retailer estimated pretax earnings reached about 2 billion kronor ($230 million) in the three months through August, based on preliminary results. That’s eight times the average analyst estimate and almost double the highest forecast. The shares rose as much as 13% in Stockholm Tuesday morning.H&M attributed the earnings to revenue exceeding its expectations, well-received collections and more sales at full price. The report soothed concern about H&M’s perennial issue with a buildup of …read more […]

(Bloomberg Opinion) — This week marks the 60th anniversary of OPEC, the cartel of major oil exporters that has, at times, held sway over the oil markets. It is a good time to ask: Is it still effective? The truth is that OPEC’s power to impact the price of oil has waxed and waned over the past 60 years but has always been based on the portion of global spare capacity that it controls. With plenty of crude sloshing around in storage tanks worldwide, that makes it not so effective now.When the Organization of Petroleum Exporting Countries was formed in …read more […]

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …read more […]

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