Roller Coaster Markets Don’t Dampen Investor Optimism
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.
Market Moves
Hey, Washington, Buy Gold to Support Dollar, Guggenheim CIO Says
Scott Minerd calls on Fed to increase its holdings of the metal—which, unlike the dollar, is rising in value.
Druckenmiller Owned 5 Hot Stocks, but Only Gained 3% in the Rally? Huh?
Half his portfolio was in the likes of high-flying Amazon, but he came nowhere near the S&P 500’s 40% March-June rebound. Was caution-minded hedging to blame?
PE-Related Bankruptcy Filings Soared in May
Too much debt and the virus economic slide harmed companies such as Hertz and J. Crew.
Don’t Get All Excited by the Green Light for PE in 401(k)s
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Schwarzman Dodges Bullet: Boosts Warehouses, Dumps Hotels, Malls
His Blackstone Group’s real estate arm manages to avoid bad trends and embrace good ones.
Why Did Bill Ackman Unload His Berkshire Stake?
A self-proclaimed acolyte of Warren Buffett, the hedgie isn’t loudly applauding the Oracle of Omaha like before.
Stock Market’s Rise Doesn’t Jibe with Overvalued P/E, Stovall Warns
CFRA sage likens investors to an ‘irresponsible teenager’ borrowing against dubious future allowances.
An Optimistic Jamie Dimon Sees a 3rd Quarter Recovery
JPM chief points to massive Washington relief efforts as the economy’s savior.
Rhode Island Pension Plan Holds Down Losses Thanks to Treasuries, Algorithms
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Enjoying the Post-Bear Rally? A Correction Is Overdue, LPL Strategist Says
The bounce back from the February-March slide is getting old, Ryan Detrick points out.
Stocks Now Are the Spittin’ Image of 2009, Morgan Stanley Strategist Says
And ’09 was the rebound year from the financial crisis bear market, Michael Wilson notes, meaning we’re in for a bullish stretch.
Forget about Inflation, Deflation Is the Real Threat, BofA Says
The massive Washington stimulus raises fears of spiraling prices. But those anxieties are off-base, bank economist Harris contends.
Market Is 2nd Most Overvalued, after 1999’s, David Tepper Says
Comparison to dot-com bubble year helps send current stocks down for the day.
Rogers, Gabelli, Miller Tout Value Investing, With an Exception
Devotees of bargain buys have doubts about legacy retail’s viability.