Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Thank you as always for keeping this thread alive.
I've usually found something of value in each posting.
You're welcome.
I'm glad that you found something of value in Charlie Bilello's content.
"This will be pushed a big news, as another innovation. me say ho-hum (-:)."
This change is definitely not a big innovation but it does provide some minor improvements.
I wonder why it took Invesco so long to convert QQQ from a UIT structure to an …
The Trump administration claims "national security risk" to justify actions against everything it dislikes.
But when a national security risk actually exists — China buying Nvidia H200 chips —
the administration allows it.
The network might as well just remove the first letter from their name since this is total BS.
I'm glad that Ms. Alfonsi spoke truth to power.
Walter Cronkite is rolling over in his grave and I'm sure Dan Rather isn't too pleased either.
From Markets A.M. newsletter by Spencer Jakab.
On this day in 1973, oil ministers of OPEC’s six Persian Gulf member countries
announced at a meeting in Tehran that they would unilaterally raise the price of crude oil
to $7 per barrel–and that it wo…
"Now, we have another year of data, and this is how the forecasts of equity analysts (bottom-up)
and equity strategists (top-down) fared in 2024. At the start of 2024, equity analysts expected the S&P 500
to rise by 7.9%, while strategists were …
"I'm a big fan of BBBMX/BBBIX, but the duration, while miniscule,
is about three times that of the funds linked to by @msf."
I have a T-Bill maturing in early January.
The proceeds will be funneled into BBBIX.
BBBMX was previously held in a differe…
"After almost a year of Trump’s second term, I and many other people — including, very likely, you —
are feeling exhausted, distraught, and sickened by what’s happened to our country and the world."
"As Times columnist Bret Stephens puts it, we are…
Dedicated CLO funds now reside in the new Morningstar "Securitized Bond - Focused" category.
This category also includes funds which focus on commercial mortgages and Asset-Backed Securities.
Fidelity Fund Screener
Rick Steves' Europe travel company has been financially successful.
Mr. Steves has donated significant funds to help improve society and the lives of individuals.
He has been actively involved in philanthropy for years.
Community Initiatives
• Tri…
Thanks @msf - a lot to try and digest.
From the Guggenheim piece,
"CLOs are governed by a series of coverage tests that measure the adequacy
of the collateral balance and the cash flows generated by the underlying bank loans."
Question 1: Who d…
M*: "Default risk is remote for AAA CLO tranches"
Janus: "Due to the credit enhancement features within CLO structures,
there has never been a realized loss in any senior AAA, junior AAA, or AA rated CLO"
I previously read that no AAA CLOs have def…
The Week in Charts (12/19/25)
The most important charts and themes in markets and investing...
00:00 Intro
00:17 Topics
01:12 A Confusing Labor Market
10:49 Distorted Inflation Data
17:13 An Unnecessary & Unwarranted Easing
22:16 The Return of …
President Obama's music, book and film picks for 2025.
I enjoy watching good movies.
I recently saw one of Obama's film picks — One Battle After Another — which was very good.
There are several other films on his list that I wanted to see but missed…
I watched Wall Street Week last night.
As previously mentioned, it was a decent overview of the past 25 years.
The program didn't delve into much detail regarding specific events
(e.g., dot-com bubble, Great Financial Crisis, COVID shutdown).
I enjo…
"i dont see any credit cards that pay more than 2% cashback on broad non-transient categories."
I have two credit cards.
The first one pays 2% cash back on all purchases.
The second one pays 5% cash back on gas at Costco, 4% cash back on eligible g…
"On November 19, 2025, Congress passed H.R. 4405, the Epstein Files Transparency Act, and although there was none of the usual publicity and fanfare President Donald Trump enjoys around a bill signing, the White House said that Trump signed it the s…
"Cutting business regulations and taxes would usher in extraordinary economic growth
that would boost the prosperity of hardworking Americans, they insisted,
leaving behind those unwilling to work."
"Except it didn’t. A February 2025 report from RA…
He can get gop buy-in via initially promising only the most
respectful schlock flogged at the Trump-Lincoln Memorial.
Perplexity lists the following reasons that President Trump
might provide to justify renaming the Lincoln Memorial.
He would pres…
"How about leaving your cell phone at home so AI cannot track your physical window browsing?"
You could do that.
Or you could run a privacy-first mobile OS like GrapheneOS.¹
Or you could store your cell phone in a high-quality Faraday bag.²
Note: C…
One might assume that @FD1000 could be the one voice who "consistently presents
perspectives from the other side to maintain balance and encourage genuine debate."
I do encourage FD1000 to participate in a genuine debate regarding this very importan…
Recent mentions of various theme songs reminded me of the following song.
Henry Mancini & His Orchestra perform "Theme From Peter Gunn" on the Best of Both Worlds TV program.
[snip]
Anyway, its really no surprise that Pam Bondi would purposely defy US law to protect her master.
The question is...who (or what entity) is going to prosecute her?
I don't see it happening.
I don't see Ms. Blondi getting prosecuted during the …
I wonder if using The Onion Router or an ordinary PRIVATE window
while fare-shopping might still work to defeat the slimebags?
Using "The Onion Router" (i.e., Tor browser) should allow users to remain anonymous.
Several Linux distributions — Tails, …
Hoping all this is reversed on day one of the next administration.
Trump gets his stupid name put on the building in what is a miserable attempt to glorify himself.
He is a needy, depraved SOB!
But it actually takes an act of Congress to rename the …
"'Technically, they’re not in compliance. I mean, obviously, the law calls for all the documents
that are unclassified to be released. They have not done that,' Rep. Ro Khanna (D-Calif.),
the lead author of the Epstein disclosure law, told reporters…
"The U.S. Justice Department released more than 300,000 pages of records from its investigations
into the late financier and convicted sex offender Jeffrey Epstein on Friday,
bowing to pressure from lawmakers who forced their disclosure with a new l…
"The name rings a very faint bell."
The fund name also sounded somewhat familiar to me.
Towle Deep Value Fund (TDVFX) was renamed to Towle Value Fund on 08/01/2024.
TDVFX was mentioned in the November 2023 MFO issue.
https://www.mutualfundobserver…
The Washington Post published a detailed story regarding Kennedy Center ticket sales about a month ago.
"Nearly nine months after Trump became chair of the center and more than a month
into its main season, ticket sales for the Kennedy Center’s thr…
