08/21/2020
Today Lee Jackson, 24/7 Wall St Here are six reasons many top hedge fund and mutual fund portfolio managers remain surprisingly positive despite the wild roller-coaster ride in the stock market over the past few months. |
Paul Krugman, The New York Times Optimism about Apple's future profits won't pay this month's rent. |
Paul Atkinson, New York Sun Emergency Federal Reserve actions don’t always repeat — but they certainly rhyme. Back in April I highlighted in this space that New York City was waiting in line during the pandemic to receive whatever assistance it might cajole from the Federal Reserve. On Tuesday, Bloomberg reported that the Fed has agreed to purchase $451 million in notes floated by New York’s Metropolitan Transportation Authority, operator of the city’s subways and commuter trains, at an effective interest rate of 1.92%. Meanwhile Wall Street banks who need to weigh market risk... |
Stephen McBride, RiskHedge The world's richest man just made history. Amazon (AMZN) founder Jeff Bezos set a new record when his net worth jumped by $13 billion in one day. |
Kirsten Wegner, RCM With the resurgence of COVID-19 in many states across the country, millions of people out of work, and a pivotal political election quickly approaching, Americans are faced with unprecedented uncertainty about the road ahead. One thing Americans should never have to question, however, is the peace of mind of being able to access their long-term savings. Whether they are saving for their children’s college education, retirement or other life milestones, investors deserve to know that their capital is protected and is available at a moment’s notice. To ensure the security of these... |
Eric Levitz, New York Magazine Joe Biden has outlined plans for a $2 trillion green stimulus to help the nation recover from the Covid-19 recession. But one of his top advisers, Ted Kaufman, just argued that Trump's profligacy has left only "limited" space for new spending. |
Joseph Calhoun, Alhambra Investments One of the advantages we enjoy here at Alhambra is the opportunity to interact with a lot of investors. We talk to hundreds of individual investors on a monthly basis, giving us a front-row seat to? |
John Tamny, Forbes A book about happiness that can be gained from French literature is on its own a major source of laughs, and yes, happiness. |
Travis Steffens, RealClearMarkets Back in the “Before Time” – which is what some people call those misty, almost forgotten days pre-pandemic – President Trump delivered an upbeat, 2020 State of the Union Address. As recent presidents are wont to do, he singled out some special guests sitting with the first lady in the House chamber gallery. One was my dear friend and close associate Tony Rankin, an African-American veteran whose life had spiraled into a vortex of joblessness, lost home, lost family, drugs, and alcohol. That is, until one night when he sauntered out of his cheap motel room, made his way... |
Audrey Provenzano, The Hill Experts project that in this economic downturn, some 17 million people may be unable to purchase sufficient food for their household. |
Aaron Mak, Slate The Trump donor's qualifications and vetting were both highly unusual, according to new congressional testimony. |
Jessica Guynn & Brent Schrotenboer, USA Today After decades of silence, these companies spoke out against racism. But less than 2% of top executives at the 50 largest companies are Black. |
Kathy Jones, Charles Schwab Real yields have dropped into negative territory as inflation expectations rise. |
Ryan Detrick, LPL Financial Research Market Blog "Better late than never." It took a while, but the S&P 500 Index finally made a new all-time high, coming all the way back from the vicious 34% bear market in less than six months.? |
Jerry Bowyer, Vident Financial |
Richard Moody, Regions Bank |
Bernard Sharfman, The FinReg Blog |
Jeffrey Buchbinder & Ryan Detrick, LPL Financial |
Richard Moody, Regions Bank |
John Rekenthaler, Morningstar At long last, asset-price inflation may have finally arrived. |
Brett Arends, MarketWatch Play U.S. stock rebound the cheaper way |
Todd G. Buchholz, Project Syndicate Like in World War II, the United States is piling on debt to confront a whole-of-society crisis, raising the question of who will foot the bill in the long term. But, unlike the post-war era, the underlying conditions for robust economic recovery today are less than favorable, placing an even greater onus on wise policymaking. |
Imran Said, Quillette America still has a lot going for it. |
Robinson Meyer & Alexis C. Madrigal, The Atlantic The U.S. has never had enough coronavirus tests. Now a group of epidemiologists, economists, and dreamers is plotting a new strategy to defeat the virus, even before a vaccine is found. |
Veronique de Rugy, Reason.com A new study finds that taxes on wealth reduce long-run GDP by 2.7 percent. |
Matt Egan, CNN Business President Donald Trump has already declared the 2020 election the "most rigged" in American history. His opponent, former Vice President Joe Biden, has warned that Trump might not leave the White House willingly. Trump hasn't even confirmed he would accept unfavorable election results should he lose. |
James B. Meigs, City Journal The battle to defeat Covid-19 is being fought indoors. |
Ivan Eland, Independent Institute President Trump, in his frenzy to blame China for almost everything to get re-elected, unilaterally issued an executive order, without due process, to ban from the United States for security reasons in 45 days, TikTok, a Chinese-owned app used by primarily young people to transmit funny dance videos. (Trump also banned a popular Chinese messaging app WeChat.) |
Tim Wu, The New York Times Critics say we shouldn't abandon the ideal of an open internet. But there is such a thing as being a sucker. |
Alfred Chuang, CNN My dream as a child growing up in Hong Kong was to study in America, but my initial F1 student visa was rejected. The immigration officer asked me a trick question: Would I stay in the US and get practice experience after my studies? I said yes. |
Adam Brandon, Fox Business The Democratic Party is moving further and further left. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ben Hunt, Epsilon Theory Facebook must be destroyed. |
James Picerno, The Capital Spectator The coronavirus blowback and the crowd’s ongoing preference for high-flying growth investments aren’t doing any favors for value investing strategies. |
Ben Carlson, A Wealth Of Common Sense There are still millions of people whose lives have been disrupted through no fault of their own. |
Andrea Riquier, MarketWatch There is a difference between what's good for "the economy" and what's good for ordinary Americans |
Diana Olick, NBCNews Mortgage rates are at or near historic lows during the coronavirus pandemic and recession, but Black homeowners trying to purchase or refinance their homes are hitting roadblocks. |
Nupur Balain, MStar Several funds see value in basic materials and communication services |
Mike Sauter, 24/7 Wall St. A dollar buys more in poor states. |
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