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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
Did QLEIX have a distribution today or was the drop just a gift for the weekend? Historically, it distributes in December, and I was not able to find any distribution information. M* NAV information ($15.92) is correct but M* is showing only 0.19%…
Free flight upgrades and high end meals? It is a shame when prosecutors just pile on which trivializes their work / case. Hopefully, the judge quickly throws out the non-sensical stuff and focuses on real misdeeds. Snyder vs US.
As a teenager he was a gang member. Then graduated from a College of Criminal Justice. Later worked in the police department for a decade or more. Then decades of public office. Lots of practice!
He could not have single handedly pulled off dec…
Blog - https://bilello.blog/2024/the-week-in-charts-9-25-24
These got my attention -
The 20% gain in the S&P 500 is the best start to a year since 1997 and 17th best in history.
Retail sales grew 2.1% over the last year, well below the histo…
@yogibearbull, do you have data on what sort of duration and quality folks are buying?
Ask FD what he is buying. Evidently, he is in crowded fund trades.
BTW, for all the self referential folks in this forum, Rick Rieder was not talking about cr…
@hank, I did not read the rest of the thread, except the last two posts. As public forums go, I have not come across a better one. I hear there are some paid subscription forums, you can check them and see if they are any better.
Rick Rieder is on CNBC Closing Bell today. May be check Youtube later today for the clip.
One of the things that stood out he said was "There is excessive crowding in the markets these days." I think this does not get enough attention and @Junkste…
The table towards the end of the JAAA article (in last Junkster post) is worth a look. Gives historical metrics farther back (Jan 2012) than JAAA inception (post Covid) and I was a bit surprised by the differences in worst Quarter vs best Quarter r…
"Some bond NAV's had positive moves after NOON, on Friday." Do you mean price? If not, which bond [fund?] NAVs do you follow?
I think a deeper dive into PFF would be good for us to understand its TR behavior YTD and its prospects going forward (o…
+1.
I recall applying for SS and being told I'd be receiving reduced benefits. Because I had "non-covered" jobs for a lotta years. But I'd ALWAYS paid in. I had to go to the local office in person. Then they fixed their mistake. Stupid system, when…
I guess we have no more taxes left to eliminate. The latest Oprah gift from DJT is interest rate Caps on CC borrowing. Make it zero interest! Unlike real Oprah gifts, many of these will not come true. I think he is baiting KH in a race to the bo…
Hi, Are we allowed to ask questions on this thread? If not, I will delete this post.
I have two Capital group ETFs, with dates of distribution but no amounts. In prior years, these 2 ETFs did not have any gain distributions. Pl post if members e…
With short end of the curve expected to drop 2% or so in the near future, all the big Tech companies and BRK will earn less interest income on their cash hoard. Tech companies will invest (productive or unproductive) in their business (AI?). What …
Rick,
Thanks for the news post.
I have been asking for this change for a while, without knowing it was in the works. I may have even posted in this forum about the penny bid-ask spreads, thus, robbing the peasants like us to give it to the inst…
Thanks. As always a good summary from you.
P.S.: He was relaxed during the presser, which makes me a bit nervous! Seems like he had to work for the 50 bps cut and appeared relieved he got it through, with only one dissent.
I vaguely remember the trade cut off time for Vanguard funds at Schwab to be 3:00PM EST. I now notice that it is 4:00PM. Does that 4:00PM cut off time apply to all Vanguard funds available at Schwab or are you aware of any exceptions?
For all of us, just as with investing, it may not be a bad idea to consider the possibility of an election outcome different from the one we desire.
@Old_Joe, I too was trying to imagine how outlandish promises can get and thought unlimited tax ref…
Rick,
The idea is to spin so hard, people’s mind becomes numb to reality and they become a single issue voter. The best voter for a politician is a single issue voter. E.g., many would vote for you if you promise to lower or eliminate taxes even …
https://www.bloomberg.com/news/articles/2024-09-17/trump-pledges-to-restore-salt-write-off-the-tax-break-he-curbed
Behind a paywall but you get the idea.
This is becoming like an Oprah show - everyone gets a tax break. Let us abolish taxes.
"Harris County Judge Lina Hidalgo said in a statement that 20 miles (32 kilometers) of pipeline between the two closed valves had to burn off before the fire would stop."
If the valves are 20 miles apart, they should have required them underground …
One can go to Research Affiliates website and download the fact sheet for this ETF index and other info. You can see yield, metrics, sharp ratio, and much more.
This is my first visit to this thread. On a cursory read, I am surprised by the leve…
BF, I never owned a convertible fund - I do not think I understand how they might react to different market situations. If you can, pl share why you drawn to it?
The following questions might help narrow down your choices:
Are you playing for yield or capital gains or a combination of the two? For each what are your expectations and which time frame?
Edit: you can share the answers and directly ask the…
I listened to it when it was aired during the day. Did not both the guests prior to the private credit discussion say something to the effect that they would not buy at the current interest levels? If so, that was interesting to me. It is possibl…
If those news reports are correct, it seems BA union workers do not trust their own union leaders who negotiated their deal. BA should bypass the union leaders and take the terms directly to the employees; however long it takes to get it done.
Co…
Interactive Brokers founder, Chairman, and majority owner (75%), Thomas Peterffy, is a Mar-O-Lago Club member. He said Trump is not electable but as a Republican, he would vote for Trump. At the risk of stating the obvious, he is also a contributo…
Hi @hank. I hadn't heard of WEA before so I took a look. That looks like one wild ride when added to the trend chart along-side my usual suspects.
On JMBS, I took some advice from something Junkster noted in another thread. Floating rate and mortg…
1 yr Treasuries down to 4%. A bit faster than I expected. Bond yields want Fed to go 50 bps on Wednesday. Should we expect a violent reaction to a 25 bps FF rate cut?
Good point on sentiment manipulation using PACs to throw money in the betting markets. Betting market manipulation can cut both ways. If your candidate is leading comfortably, you may decide to stay home and not vote. I think negative advertisemen…
