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@Hank - Watched it ~10-15 years ago. My sweetie & I laughed nearly all the way through it. Full disclosure, some friends we recommended it to questioned our sanity, but I stand by the script as hilarious.
Another laugh-inducing phrase from the…
@sma3: I had a similar experience when I'd had enough and was leaving V. for Fidelity, ~ 8 years ago. Like Sven said, It was an admiral shares fund that caused the problem and held up the transfer. Took days and days and more than a few calls, but I…
So, 2Y-10Y spread collapsed to 50 bps on hot inflation news? https://www.cnbc.com/bonds/
Yep. BNDD (curve flattener) is up about half a percent so far.
High yield effective yield has popped over 5%. Per FRED, last time it was at that level was November 2020. Could be looking at a spike that'll eventually be a good reentry point.
The battle after the initial drop today was over the 200d ma, whether it's a springboard or a ceiling. Today the verdict was ceiling. Tomorrow? We'll see.
Any thoughts on Endeavor? And pairing it with Core Equity especially if it moves towards growthier territory?
Not a lot of deep analysis here, but PARWX isn't a typical value fund in a sector sense, and in that way, it's still sorta similar to what…
All Parnassus funds are ESG, and all are fossil-fuel free.
That's one difference between the PRBLX of old and the PRBLX of today. The old version barbelled tech and industrials against staples and utilities much of the time, but the new version ha…
S&P 500 fell to the 200d ma (actually dropped a touch below it) in what feels like record time, and then bounced back up a bit. If you do this sort of thing, whether the 200 holds is a good thing to be watching.
CTFAX, Columbia Thermostat Fund, should have adjusted/increased equities as follows:
Should be up to 25% equities, from 10%.
Rick
@Rick, I don't follow. Your link takes me to the same allocation table they've had on the site since last May, showin…
Just on EM in general, I listened to a Gundlach webcast recently, and his one end-of-presentation recommendation was to steer clear of EM until the dollar shows some sustained weakness. Thesis is that EM equity is setting up well for a run, possibly…
@Hank, oh yeah, forgot about the 60d early withdrawal fee, for sure a buzz kill, for anyone who feels the buzz of Huss. Those used to be a lot more common than they are now - so many families have dropped them.
@Hank, I don't own it; did own HSTRX about 12 years ago for a while. A friend owns HSAFX now and isn't too unhappy with it, but you know what they say about a stopped clock.
But then the best I did yesterday was zero from NVHAX, EIXIX, and PQTAX.
... I am expecting bond oefs like IOFIX will come back down to earth and have more "normal" returns.
Hi dt, it's happening as we type. IOFIX has slowed quite a bit in December, and Pimco even cited non-agency mortgage weakness as a negative impact o…
@MikeW: JENSX is one of my favorite stock funds, on the short list. It's quality just about on steroids. Wasn't aware of MSFAX, and it deserves a deep dive. Thanks for bringing it up.
I'm in mostly retired/don't need much out of the portfolio/low …
I don't think it would be a poor choice if a serious stock market drop is the case you're looking to avoid. It's been only mildly under pressure recently, so I'd think it might do all right, and of course they'd add back some stock exposure on a dee…
+1 Andy The question is: which trading vehicle is best for this new opportunity- oef or etf (I'm too chicken to buy a closed-end fund!)
@Carew, depending on the exact situation, I'd prob'ly lean toward SVARX in an open-end fund. Making bucks after a…
The direction of junk corporate yields is up. As measured by the ICE BoA U.S. HY Index Effective Yield, they've blown out to 4.80, the highest they've been in the last year. For me, that means wait a bit to see how high they may go, to maybe grab an…
.... It’s interesting, though, that a significant futures fund, AHLPX, is down 4.2% today. The thing is about such funds is they are trend followers generally, positive or negative. When there's a sudden turn like today, it's hard for them to adjust…
Doesn't seem like JG's investments are out of synch at all with his market projections; he's mostly in NON-public investments. He's been clear about that in every recent interview I've heard.
Good episode; especially good for some counterpoints to conventional wisdom. Nancy L. is one of the macro guests of Consuelo's I most look forward to hearing.
I was surprised by the capex figures she cites, and others may be surprised by the infla…
I agree there's a place for an actively managed, focused climate solutions oef or etf. I did a halfway serious search about a year ago and came up empty; seemed the cap-weighted index etf's were the best options, and some of them had/have very limit…
I like that McClellan chart of the hy divergence and had a look at others in their Chart in Focus series. All good stuff, IMHO worth signing up to receive weekly.
. Also RiverPark has RSIVX…somewhat longer duration than RPHYX, but performing relatively well this year it seems.
Honestly, if you’re ok with courting risk, IOFIX is as steady as they come ....
RSIVX is doing great this year; hadn't thought about …
Thanks for that link, @Mark. Very perceptive view of ESG investing and whether or not buying “good” companies or funds actually does any good or leads to higher returns.
@BenWP - seems like there's always been a tagline about one SRI or ESG investin…
In case anyone has NOT noticed this, the national biz media tends to get a wee bit overly excited about SMALL moves DOWN in markets. Break the 50 dma and there's probably gonna be a CNBC "Markets in turmoil" special coming pretty soon. Ring the re…
ICLN (global renewables), PORTX (global quality, heavy U.S. & Europe, no fossil fuels), and PCEBX (Pimco climate bond, acts like a slightly lower vol core bond fund). Don't own any of them now except a fraction of 1% in ICLN to watch for a buyin…
The S&P 5c is down now 5.5% from the top, well under the 50d ma, and right at 3.3% more will hit the 200d ma. Doesn't look good at all on the simple technicals.
But assuming Xi's rhetoric has teeth, the real play here is not to sell out of China completely, but to switch to small- and mid-cap China stocks.
The Matthews China "small companies" fund MCSMX (86% small & mid-cap) has stayed well ahead of t…
Got a shopping list and some cash for buying, but I'm nowhere near ready to go for any of it yet.
A non-equity interest today: what will high yield rates and structured credit look like at the end of the day? I have a lot of the latter and also th…
