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Thanks, Hank. So the ESG surge is the main point, then; did the article make a clear connection with Trump? I ask because new launches and increased info on ESG, fossil fuel divestment, etc. seem to me like they predate the Trumpster's ascension. Bu…
Re: the article, I don't have access, but the message is clear from the summary. However, anyone can argue any fund or other investment is somehow unworthy by cherrypicking the period by which it's judged. Too bad for this article's particular argum…
Hadn't checked SFGIX in a while; seems it's lost a little more than twice as much as Laura Geritz's new-ish RNWOX during the YTD EM downdraft.
By the way, +1 to VF's post immediately above.
JG has said repeatedly, as have others, that the corporate debt explosion is looking like it could be the trigger for the next crisis + recession ... although the recession indicators he talks about are not signalling anything dramatic on the near h…
Another excellent interview with macro-man F. Trahan, this one on the playout of this business cycle. Cornerstone's basic story (somewhat similar to the one being told at ECRI): leading indicators have rolled over, pointing to a potential slowdown a…
Note the consumer discretionary to staples ratio and the explanatory text. With staples staging a minor upturn the past couple of weeks, I decided to buy a small starter in a staples etf as a possible rebound play.
I'm recalling one MFO poster was…
Lewis: exactly, thus the word 'normally' twice in my post. There was some 'abnormal,' more or less positive correlation earlier this year, for example, when T rates were on a fairly fast track up. That's recently faded -- for now anyway.
Hi OJ, more than just recession protection, long Ts are (normally) the most negatively correlated asset cf. equity, so some exposure (to TLT, for example) (again, normally) partially hedges an equity-heavy portfolio if that's of interest for, say, a…
Here's the summary page of the latest (2017) Lazard levelized cost of energy study referred to in the article, which supports the thesis of the Barron's piece. More detail provided in tabs below the title line.
"I keep hoping they'll put out a hybrid small/mid pickup, but it's not happening."
Me too. Consumer Reports isn't too thrilled about the Tacoma, although in fairness they never really have been. I really like our 2009 V6 Tacoma- it's been completel…
@Hank, thanks for the replies. Maybe not much has changed with the U.S. brands since I bought the '87 Toyo! But the current Tacomas are up in size and weight, and don't get squat for fuel mileage. I keep hoping they'll put out a hybrid small/mid pic…
@Hank, I'm beginning to look into the new Ford Ranger that's supposed to be at dealers by fall. It's larger than the old one, more of a mid-size, with the smaller engine used in the 150: 4 cyl/2.3L, ~ 30 mpg, an engine just about the size of my '87 …
Might get a lot of pushback on this attempt at "picking winners," which of course the GOP never does. As the piece says, coal and nukes are being priced out of the market, as they're far more expensive than the competition. My ute's just-published a…
Anyone curious about SEMPX: have a look at the holdings. It's pretty diversified across the mortgage spectrum: a few agencies and some commercial in addition to the non-agencies. About the latter -- in contrast to IOFIX/IOFAX, it's spread about even…
will be interesting to see where this goes:
https://www.vox.com/the-big-idea/2018/5/25/17394422/nfl-knee-kneeling-labor-law-kaepernick-free-speech-protest-owners
Interesting; hadn't heard of the 'partial strike' rule. So besides legal action on the…
If you're getting the Fidelity quote page for PONAX that just says "No Transaction Fee" under the fund name, see Note 1 as indicated. You have to click the '1' to see it. The first words of Note 1 read like so:
No Transaction Fee funds are availab…
@Crash, I just went back, logged in via the Port Manager screen, and it's all working from there. (Of course, five minutes from now it likely won't.)
P.S. The "Remember Me" feature at login is totally non-functional; seems to be the only thing that…
Hi Crash, I've been having what sounds from your descriptions similar flameouts, primarily due to login protocol issues, getting kicked out every time I move from one of the new pages to one of the old ones (e.g., Discuss). The login screen that com…
I agree staples are well worth watching for a turnaround. I won't consider buying, though, till there's some evidence of it. The sector index is in death-cross territory, with the price and the 50d ma still headed down, down, down.
Yup.
" 'Millionaires are not very mobile, and when they do move across state lines, taxes play a small role in the decision. Tax-induced migration among millionaires is not zero, but it is fairly close to zero.' Young* notes that millionaires are,…
Bespoke is one of my favorite data/trend analysis groups, and in case anyone's interested, I'll point out that they're posting a lot of great info via Seeking Alpha these days, in concise, right to the point, digestible bites. SA is routinely panned…
@Catch, the 10y T hitting the magic 3.0% very likely triggered a fair bit of trading. Where it goes from here over the next few days could be really significant.
Quick glance: mostly mid to microcaps; range of 20-80% long (20% now); a small (< 10%) stake in international; the principal, per the fact sheet, is a Boston Partners alum, though he was a fund co-manager for only a little longer than two years (…
Shadow, there's a relatively new investor share class, SPFPX, that's available at Fidelity NTF and low-min. According to the M* purchase page, it looks to be similarly available at many/most of the commonly-used brokerages.
I own it, and agree with one M* poster who's expressed the opinion that it's the only bank loan fund that might make sense to buy and hold.
However, and you knew there'd be one, it's getting much better known now, AUM is climbing, and it's unclear…
Hi VF, here's the fund site. I'd suggest looking through the fact sheet and detailed "presentation" to get the gist of what they're doing - of course keeping in mind they're talking their book to a degree, like any fund guys would do.
If you're loo…
UCS has a concise, footnoted report on impacts of nat gas here, with the same basic message as msf's Nat Geo link. While ng burns cleaner than coal or oil, its life cycle GHGs depend mainly on the magnitude of methane leaks from drilling and pipelin…
Also keep in mind GMO's forecasts are for broad asset classes, and in the case of bonds, very broad asset classes. Even if GMO's nailed it for broad classes, the Pimcos et al. of the investment world aren't necessarily stuck with those returns.
@Slick, what's that reg'l bank fund you mentioned? No hits on that ticker I can find except a pending listing for a JPM target retirement fund. I'm curious to see how an active oef (if that's what it is) is doing vs. an index ("modified equal weight…
Slowly reducing my cash position and investing in SIGIX and MAINX.
Matthews is shining these days, and MAINX has been in a sweet spot for a while. It's been doing great on dollar-down days, and pretty much holding its own when the buck's flat or …
Good article on some stars in the shadows, so to speak. One caveat on several of the etf's Lewis mentions is lack of volume; they're thinly traded and at times will have significant bid-ask spreads. Thin volume can require a lot of time and effort (…
Easy to get the wires crossed these days, ain't it? I get a serious headache trying to follow the back-and-forth across-the-wide-oceans supply & manufacture chains and where a specific tariff nestles in and who it ends up screwing over once the …
Imho, agree with Mark, PCI is the better buy if I had to put $ down on one of the two semi-siblings now. Not only because it's still at a discount and PDI's at a premium, but 'cause of the magnitude of the uptick in the PDI premium. PDI was in the +…
@Crash, Fidelity has had very good customer service by phone during the several years I've been with them. I just don't see any need to visit an office. You won't have the problems like you've probably had with the too-often uninformed and unhelpful…
@MikeM, Treasuries are also up (TLT, IEF). Some of the reporting services don't account for today's distributions right away. Also, at least some CEFs are up, including everyone's favorite Pimco fraternal twins (not just a little, either) and most o…
