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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.
"They had already shut off the gas supply."
I thought so too. Is there any explanation for the massive gushing out of gas if already shut off and what is the potential extent of leak if left unrepaired?
In peace time, this can be repaired / res…
ST debt risks are under appreciated (especially now with interest rates closer to the top than to the bottom and Duration risk decreasing). I was surprised when PIMCO introduced HYS.
Per Moody’s, the first eight months of this year saw 59 corp debt defaults, compared to 55 for the entire 2021. I did not expect that given it was so easy to refinance in 2021 to push maturities out and lower interest expense. As they say, you ha…
So far this year, interest rates have been the driver of asset prices - a la the discount rate. (On the way up for the past 13 years we did not acknowledge this relationship and thought it is all our individual prowess.) BBB bonds at 5.7% and S&am…
Evidently, a section of retail investors are protecting themselves well (far greater than at anytime before), notwithstanding the buy the dip behavior from others -
https://twitter.com/jasongoepfert/status/1573656248842698757/photo/1
This may als…
I have FZDXX. It dips below $100k when Fido withdraws funds to settle my other (buy) trades. I rebuy into FZDXX even when the balance is below the initial minimum of $100k.
.....And STILL, I see "we're hiring" signs all over the place. Everywhere. What are they going to have to do in order to raise unemployment deliberately, to drive down demand?
So, that is good news and music to Fed’s ears. Loss of white collar jo…
@BaluBalu, you have delved FMSDX?
I experimented with it for sometime and then folded it into PRWCX as I did not think I was going to make it a full position. It is a good fund.
"This remains the largest holding in our active account."
Thanks for sharing personal positioning. Do you mind sharing what percentage of your total portfolio is allocated to BLNDX?
This week's episode -
I had heard about this gentlemen before but never followed him. At the 13 minute mark of the interview, while discussing about the potential for stagflation, he mentioned that we essentially had stagflation during Q1 and Q2…
Is not BLNDX a macro-trading fund similar to MAFIX? My memory could be wrong but I thought these are trending following go anywhere managed futures funds - I took a deep dive when I first looked at them but my recollection now could be faulty. I c…
I should have added more color to my post. I was not complaining about PRWCX but am looking to add to a moderate allocation fund vs a 100% equity fund, given healthy yields on the fixed income side and my current zero allocation to fixed income. P…
Thanks, Yogi, for the additional color. Most fund companies have very high dividend (albeit variable) yields. Schwab's div yield (1.25%) is well below that of SPY, not to mention XLF. I am not sure comparing Schwab stock performance with other fu…
When I think about fund companies, I know Schw has a lot of client assets but wonder how much is in Schwab OEFs / ETFs? I only use one of their funds: SCHD.
I think about TROW more as a fund company and less as a brokerage.
Rosenberg was on CNBC today and said he would vote for pausing FF rate hikes (i.e., zero hike in Sept) as he thinks the economy is flat on its back. He was introduced by the host as a "long time bear."
Which company replaced GE in the top ten?
Good to see Giroux not staying stubborn. Also, good to see he is not making all or nothing bets and is only making gradual moves until a clear company ( not stock technical) related signal is seen.
There is a huge gap in expectations between retail investors and hedge funds as to effects of QT. The reason for this gap could be low unemployment, high job openings, wage growth, and low productivity. If you have a job and getting good raises wh…
It seems lately in the secondary market the bid-ask spreads among treasury bills has gotten pretty high. Thinking about switching over to the new issues.
He has a weekly interview series on Bloomberg Weds at 9PM. I like the discussions but hate that they feel the need to interrupt Asian market coverage mid-week to run an hour of other programming, of which this is one of them.
Is not that the David…
Thanks, @yogibearbull. Based on the data in this thread, throughout 2022, the equity levels have been the same, except in June when they were only 1% lower, which I can ascribe to June price decline. Seems like investors are aggressively rebalanci…
When all the facts are known, the average Joe may realize we are in more than a “Cold” war and this is not just a rank communist inefficiency. At the least, we may be heading towards a global recession, with China being at the center of it. Author…
@old_joe, I have a Treasury Direct account from 20 yrs ago, having bought IBonds. All my Treasury bond / Notes purchases have been at Fidelity in 2022 (except once at Schwab when I realized Fidelity is much easier for me).
More than anything, this vaccination fiasco makes me wonder if CCP is getting desperate in trying to maintain control or do we not know all the facts. It is only a $30B cost to vaccinate the whole population, a cost not worth mentioning. So, what …
Repeating what we had already discussed -
I looked into both CDs and Treasuries and settled on the latter for their high liquidity. Very easy to trade Treasuries in a brokerage account and without commission. I bought to hold but optionality to …
