Jeff Gundlach, the “new” media-appointed Bond King in the last year, (and Jeff has made some good calls) who runs his own bond firm, DoubleLine Capital, was on CNBC yesterday (11/11/16) and weighed in on all things political, economic and … Continued
http://www.fa-mag.com/news/worst-returns-in-decades-hounding-active-stock-fund-managers-20074.html. This leadoff article details how tough a year it has been for active equity managers. Although I haven’t seen a fixed-income equivalent, I wonder how taxable bond managers are doing this year. With recurring liquidity issues and disparate volatility, you … Continued
We’ve had a tougher year in our balanced and fixed income accounts, mainly because like the 99% of the other money managers in the universe of money management, we thought interest rates would rise again this year, (sentiment should have … Continued
You always want to be careful when making blanket statements around any investing topic, but if one studies the math around stock and bond volatility, an easy way to reduce portfolio volatility is to add fixed-income securities to a portfolio … Continued
Every Saturday and Sunday morning, I crawl up in the corner table at my weekend breakfast joint and read the following: 1.) ThomsonReuter’s “This Week in Earnings” with SP 500 earnings detail by quarter and the Weekly Revision Report; 2.) … Continued
Per ThomsonReuters, the “forward 4-quarter” estimate this week fell to $118.94, from last week’s $119.04, however the year-over-year growth rate rose to 6.34% this week from last week’s 6.04%. The p.e ratio on the forward estimate is now 14.3(x). The “earnings … Continued
Reflection of the week: when they shovel dirt on top of me, (hopefully not anytime soon), I want to go out as Mariano Rivera has left the game of baseball: much loved and at the top of my game. I’ve … Continued
Q2 ’13 earnings are thought to officially conclude this week, with WalMart’s fiscal q2 ’14 financial results due out before the bell on Thursday morning, August 15th. As of Friday, roughly 450 of the SP 500 have reported q2 ’13 earnings, … Continued
Here are two charts of municipal bond closed-end funds (CEF’s) that we’ve been buying the last two weeks, buying first the Blackrock Muni Enhanced CEF (ticker MEN) and then adding the Nuveen Municipal Value closed-end fund (ticker – NUV) last … Continued
On top, is the weekly chart of the 10-year Treasury yield, (not price) bumping its head against key resistance in the form of the 200-week or roughly 4-year moving average for the key Treasury security. The 2nd chart is the 30-year … Continued