How Will the Midterm Elections Affect Stocks, Anyway?
They usually go up after the vote, with the uncertainty over. But maybe not this year, warns Schwab’s Liz Ann Sonders and some other Wall Street savants.
News
NYC Pension Launches Dashboard, Reveals 25% Alts Allocation
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
Renewable Energy Powers Michigan Endowment to Robust 2.2% Return
CIO credits renewable fuel and sustainable energy investments for outperforming the average by 870 basis points.
Mortality Is Higher for Impoverished Elderly, Says GAO Study
Social Security reduces the impact of wealth inequality, the research finds.
CDPQ appoints New Executive Vice President and Head of Private Equity
Martin Longchamps will be responsible for the international private equity portfolio.
Why Bond Liquidity May Be Headed for Trouble
As Yellen warns of problem selling the obligations, fixed-income volatility resembles that of stocks. Other hazards lurk.
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
Investment losses for the 100 largest public pensions ranged from 3.3% to 9.6% during the month.
U.K. Nest Pension Auto Enrollment Remains ‘Robust’
Despite turbulent year, auto-enrollment continues to thrive, with opt outs lower than expected.
Forget Those Two Down Quarters: Look for a Positive 3Q GDP Number
But economists are gloomy about the U.S. economy, even if things look OK now.
A Coalition of Republican Attorneys General Targets Banks for Net-Zero Alliance Membership
AGs sent civil investigative demands to the six largest banks in the country to explore claims that the banks’ ESG pledges have harmed the energy sector.
Ladies and Gentlemen, Start Your Engines: Porsche Dual-Class IPO Goes Off Seamlessly
In Germany’s largest IPO since 1996, and Europe’s largest since 2011, Porsche’s IPO hit the road running, raising €9.4 billion on 911 million shares offered.
Falling Markets Send Endowment Index 7.5% Lower in Q3
Oil assets, MPLs were the top performers, while Chinese equities and real estate burdened the hypothetical portfolio.
Have We Hit the Market Bottom? Maybe Not
When even Morgan Stanley’s house bear, Mike Wilson, sounds upbeat, UBS’s Mark Haefele is skeptical.
What Ails the Stock Market: A Stimulus Hangover
Bank of America puts a $13.5 trillion price tag on Washington aid, which set the U.S. up for its current economic travail.
P.E. Deal and Exit Volume Drops in Q3
The number of deals collectively slowed by 20.4% in the third quarter year-over-year, while exits dropped for the third consecutive quarter.