Darren415 In this article, we provide an update on the PIMCO CEF suite. Specifically, we discuss the changes in leverage and distribution coverage for the month of November. We also highlight PIMCO’s tactical moves in the context of the recent drop and subsequent retracement of credit asset prices. Coverage Update Coverage across tax-exempt funds ticked…
October CPI Figures released by the Labor Department show that inflation is slowing in the US, even though rate hikes may not be over. The Consumer Price Index (CPI) remained flat in October, better than economists’ expectations that the CPI would rise by 0.1%. Core CPI also came in lower than expected at 0.2%, over…
deepblue4you The latest Consumer Price Index (CPI) report delivered a welcome softening during October, coming in below consensus expectations. Headline inflation increased just 0.04% month-over-month, nearly a complete pause in aggregate price increases. On a year-over-year basis, inflation decelerated to 3.2% after being elevated by rising energy prices in August and September. Core inflation increased…
domin_domin/E+ via Getty Images What to expect from the October CPI report? “These young guys are playing checkers (chess). I’m out there playing chess (Bughouse).” – Kobe Bryant (Jay Powell). The October jobs report was so good that I’d use a saying my dad uses in golf to describe a perfectly hit drive in golf….
designer491 October was a mixed month for government debt markets. Ten-year benchmark bond yields for Australia, Japan and the U.S. experienced double-digit increases, while those for Europe’s peripheral countries fell across the board. The month’s biggest mover, Australia, saw the mid-yield on its 10-year benchmark note climb 50 basis points to finish at 4.95%. The…
deepblue4you By Seema Shah, Chief Global Strategist After a very strong September number, payroll gains almost halved in October, tentatively confirming a softening labor market. The economy added 150,000 jobs last month, bringing payroll gains back in line with their previous downward trend. The unemployment rate rose to 3.9%, slightly below the threshold that would…
As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions. US Treasury yields came in varied on Friday as investors wait on the jobs report for October for an indication of the labor market and the effect of interest rates. While the 2-year Treasury…
CalypsoArt Global manufacturing prices rose for a third successive month in October, according to the latest JPMorgan Global Manufacturing Purchasing Managers’ Index™ (PMI®) compiled by S&P Global, hint at some renewed upward pressure on consumer price inflation from the industrial sector. However, drilling down into the details provided by survey contributors providers some encouraging news…
miniseries Company Overview Big Lots (NYSE:BIG), through its subsidiaries, operates as a home discount retailer in the United States. The Company offers products under various merchandising categories, such as the furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft…
cemagraphics Last weekend’s article warned the S&P500 (SPY) was at “Risk of Collapse” based on numerous bearish technical signals. Perhaps “collapse” isn’t the best way to describe what happened next, but the action sure wasn’t bullish. The most watched chart indicator of them all, the 200-day moving average, has been convincingly broken. As the market…
PM Images Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with over 700 companies on the list, the sheer amount of data can…
Nikada Originally posted on October 22, 2023 In this weekly market report, we look at the various asset classes, sectors, equity categories, and exchange-traded funds (ETFS) that moved the market higher and the market segments that defied the trend by moving lower. Identifying the winners and losers allows us to see the direction of significant…
cemagraphics Last weekend’s article was titled “Make or Break,” and based on this week’s performance, the S&P 500 (SPY) is taking the latter option. An October reversal was developing but bulls failed to step in at higher lows and cowered in fear as the weekend approached. Friday’s close was ominous. One small positive is that…
Olivier Le Moal In this series of articles, we focus on selecting and highlighting stocks that have rapidly grown their dividends in the recent past. We also need to ensure that these stocks will likely grow their earnings at a fast pace in the next few years. Due to their hypergrowth, their price generally grows…
niphon By Robert Eisenbeis, Ph.D. As we approach the FOMC’s November meeting and the blackout period starting October 31 for participants’ public statements on monetary policy, we can expect to hear from a number of policymakers on how they view policy going forward after the release last Wednesday of the minutes of the most recent…
manassanant pamai This monthly article series shows a dashboard with aggregate industry metrics in healthcare. It may also serve as a top-down analysis of a number of healthcare ETFs like Health Care Select Sector SPDR® Fund ETF (XLV) and iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF), whose largest holdings are used to calculate these metrics. Shortcut…
cemagraphics Last weekend’s article was titled “Bulls Have the Ball,” and this was certainly the case for the S&P 500 (SPY) in the first half of the week. Monday’s recovery and higher close were key and followed the expectations set out for a counter-intuitive move following the Israel news: “4260-70…could set the low of the…
aydinmutlu As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded yield…
This article was written by Justin Law has a Ph.D in Chemistry from Rice University and has earned the CFA Institute Investment Foundations certificate. He applies his knowledge to deep value and dividend paying stocks. Justin is a contributor to the investing group Learn more . Analyst’s Disclosure: I/we have a beneficial long position in…
designer491 By Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income | Stephanie Larosiliere, Head of Municipal Business Strategies and Development In our latest update on what’s going on in the muni market, we ask and answer key questions and highlight munis by the numbers for a quick look at some commonly…
champc Our September Cyclical Forum was the first to be held in London, where the economic situation today reflects what’s happening around the world. The Bank of England (BOE) is nearing the end of a long journey to raise interest rates. This tightening of monetary policy has fueled increased volatility in U.K. financial markets, and…
Jira Pliankharom Originally posted on October 7, 2023 In this weekly market report, we look at the various asset classes, sectors, equity categories, and exchange-traded funds (ETFs) that moved the market higher and the market segments that defied the trend by moving lower. Identifying the winners and losers allows us to see the direction of…
cemagraphics Last week’s article attempted to answer the question “is the bottom in?” and concluded in all likelihood it wasn’t: “the weak September close and the usual pattern of a lower low in October means a drop to 4200 at the 200dma and the break-out area is more probable.” The S&P500 (SPY) has now made…
McKevin Foreword This article is based on Fortune magazine’s 2023 survey of 500 largest U.S. corporations (F500-IL). “Size matters: the 50 largest companies on this year’s list accounted for 49% of total Fortune 500 revenue and 45% of earnings.” This article covers those 50 and 18 more as industry leaders. Any collection of stocks is…
Moussa81 It’s been a rough few weeks for investors who forgot that stocks don’t always go up. Ycharts The 8% decline in the S&P and Nasdaq is likely just a taste of what’s coming soon to a portfolio near you. Daily Shot Stocks have actually gotten more expensive as they’ve fallen because interest rates have…
Olivier Le Moal Summary This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks….
TERADAT SANTIVIVUT Introduction from John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer As the third quarter began, markets reflected investors’ upbeat mood, but this positive sentiment fizzled as the quarter wore on. Despite a steady stream of economic data continuing to surprise on the upside (Figure 1), investors became increasingly unsettled as…
marekuliasz/iStock via Getty Images Co-authored by Treading Softly With nine-twelfths of the year over, we’re marching quickly into the final period of the year. This often comes with lots of holidays and fun adventures for children – Halloween, Thanksgiving, Veterans Day, and Christmas are all right around the corner. Typically, the weather turns colder, and…
ValeryEgorov Step One: Wide-moat stocks with 5-star and 4-star ratings Historical evidence says that while quality alone is a poor indicator of outperformance, when combined with a decent valuation filter, Morningstar’s moat rating proves to be more than useful. Based on the available data, stocks with a wide-moat rating that also fit into the 4-…
DKosig The expected return for the Global Market Index (GMI) continued to edge higher in September from the previous month. Today’s revised long-run forecast for this benchmark – a market-value-weighted portfolio that holds all the major asset classes (except cash) via a set of ETF proxies – inched up to an annualized 6.7% return, the…
ISAREE K TIMMS/iStock via Getty Images Direxion Daily S&P 500 Bear 3X Shares ETF (NYSEARCA:SPXS) is one of the most popular instruments to short the broad market for trading or hedging purposes. However, its daily -3X leverage factor is a source of drift. It must be closely monitored to detect changes in the drift regime….
Pharmaceutical company AbbVie should announce its next annual dividend increase in October. The company has increased its dividend each year since its spin-off from Abbott Labs. vzphotos This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of August, I…
Bitwise will be introducing its customers to CME futures through the AETH and BTOP products that expand the company’s suite of crypto products amid heightened demand from institutional investors. Leading crypto index fund manager in the United States Bitwise announced that it will be launching two of its Ethereum-themed ETFs dubbed the Bitwise Ethereum Strategy…
cemagraphics The S&P 500 (SPY) was set up for a possible crash this week, but as explained in my last article, an initial collapse was expected to reverse again. A failed bearish pattern is often a good buying opportunity. Late on Wednesday, price bounced strongly off the channel shown below and the recovery to 4333…
Lemon_tm Market Recap The market slide continues in September with the SPDR S&P 500 Trust ETF (SPY) dropping by 4.74% last month. Vanguard’s High Dividend Yield ETF (VYM) posted a slightly better return, a loss of 3.35%. My watchlist on the other hand performed even worse, falling by 5.20%. Following September, year-to-date my watchlist remains…
primeimages In this month’s article, I outline why I will keep 100% of my pension plan assets invested in the SPDR S&P 500 ETF (NYSEARCA:SPY). I will have no cash position. First, let me review my pension plan performance in September. The market, as measured by the S&P 500 index, lost 4.87% for the month,…
metamorworks There are four large macro forces that shape the investment and business climate here at the start of the last quarter of the year. First, the US economic outperformance has been stark. This has helped underpin US rates and bolsters the dollar. The divergence is likely to narrow in the coming months as US…
Euro zone inflation has reduced to its lowest point in nearly 2 years after the European Central Bank hiked rates for the 10th time. The euro zone annual inflation level fell to its lowest this month, since October 2021. Annual inflation fell to 4.3%, down from 5.2% in August. Also, core inflation fell from 5.3%…
The couple purchased 4 real estate properties and also sent 4 million AUD to Malaysian bank. Melbourne-based couple who accidentally got $10.5 million shall be facing a plea trial in October amid theft charges for spending all the funds that were mistakenly sent by Crypto.com. In May 2021, Thevamanogari Manivel initiated a fund transfer to…
The trustee cited the need for additional time to facilitate the rehabilitation process. Defunct cryptocurrency exchange Mt. Gox has yet again postponed its repayment deadline by one year. This significant development was confirmed in a letter shared by Nobuaki Kobayashi, the trustee responsible for overseeing the rehabilitation of the exchange. Initially slated for October 31,…
Pasticcio October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February. – Mark Twain, Pudd’nhead Wilson. 1907. 1929. 1987. 2008. A disproportionate number of major stock market crashes in modern history have occurred in the fall months….
Along with Pixel 8, Google is likely to introduce a range of new hardware, including the company’s latest wearable, the Pixel Watch 2. The tech industry is bracing for the upcoming hardware season where Apple, Google, and others will be flashing their new hardware gadgets in the market. A day after Apple officially named the…
SBF’s defense team argued that their client would need a laptop with access to internet to review the long pile of documents produced during the discovery. Lawyers representing Sam Bankman-Fried have been demanding his “temporary release” or a relief of five days a week release in order to prepare for the defense trial ahead in…
The lawyers representing SBF noted that their client would require more time to prepare for the defense case in October. FTX founder Sam Bakman-Fried‘s legal team argued on Friday that if he’s not granted the ability to leave jail, it would impose unreasonable difficulties in preparing for his criminal fraud trial scheduled for October. As…
New York Federal Prosecutor asked Judge Lewis Kaplan to jail former FTX boss SBF for crossing the line after giving journalists personal writings by Caroline Ellison. The investigations of FTX and Alameda Research collapse have significantly unraveled the rot that was orchestrated by Sam Bankman-Fried (SBF) in squandering investors’ and customers’ funds. Hiding in the…