12.6.14: Weekend Reading That Might Benefit Others

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

Corporate earnings update –

First, we never managed to get to our sector revenue analysis this week, and for that we apologize. With all the earnings coming out, we have our hands full until mid-August, when we will be able to write some more … Continued