SlavkoSereda/iStock via Getty Images In the world of closed-end funds, (“CEFs”) there are three types of fund structures. Perpetual: As it sounds, the fund has a perpetual mandate and continues to operate ‘forever’ Term: This fund has a specified date in the future when it will self-liquidate at NAV. Target Term: This type of fund…
Win McNamee It seems pretty clear that Jay Powell is not rushing to cut rates. He has spoken twice since the February PCE report, and both times, he has emphasized patience regarding the Fed’s next steps. He has also, to some degree, played down the elevated January and February inflation reports. While the Fed is…
December 19, 2023 – NitroBetting.eu, a prominent Bitcoin-exclusive sportsbook, just released the first-of-their-kind Bitcoin Spot ETF betting lines. The new prediction market is focused on the SEC’s potential Spot ETF approval date, as well as speculation on which ETF sponsor will be the first to receive approval. According to the published odds, the market thinks…
NicoElNino Fed Policy: Long and Variable Lags In early June, we examined the performance of stocks relative to bonds to see what we could learn about the soft versus hard landing question. At that time, the stock/bond ratio was siding with the soft-landing scenario, which thus far has been the case. Since we know Fed…
LilliDay The probability the U.S. economy will experience an official period of recession sometime in the next twelve months continued to recede during the past six weeks. That probability now stands at 67%, which applies to the period from 11 December 2023 through 11 December 2024, which is to say there’s about a two out…
helloabc Pre-Earnings Analysis Bilibili (NASDAQ:BILI) is to report its third-quarter earnings at the end of November. Heading into its upcoming quarterly earnings report, there are several recent developments and factors to consider when analyzing Bilibili’s potential performance. According to the most recent China Caixin Service PMI, which saw a declining trend in the second quarter…
Torsten Asmus Earlier this month I wrote that there was still room for debating if a broad-based risk-off signal was brewing. Three weeks later, the space is narrowing for keeping an open mind, based on several sets of ETF pairs for markets through yesterday’s close (Sep. 26). To be fair, there’s no smoking gun via…
The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason. Bloomberg ETF analysts James Seyffart and Eric Balchunas have recently updated their estimates of the odds of the spot Bitcoin ETF coming to…
Today, Bloomberg ETF analysts Eric Balchunas and James Seyffart raised their odds of a spot Bitcoin ETF approval by the SEC to 75% by the end of this year, and 95% by the end of 2024. “The chances of the SEC approving spot Bitcoin ETFs this year have risen from 75% from 65% following Grayscale’s court win,…
svetikd Investment Thesis fuboTV Inc. (NYSE:FUBO) delivers a mixed Q2 set of results. On the one hand, the business continues to acquire paying customers at a very rapid rate. This consideration is the bright element in the bull case. This allows fuboTV to continue to lay claim to its growth ambitions of being the ”go-to”…