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.
"Musk’s only mistake was in underestimating the depths of Trump’s lack of principles, imagining that he was the kind of corrupt politician who stays bought, as opposed to a guy who always breaks his promises the moment it seems expedient to do so."…
Per the MSN article that @observant1 had linked earlier (my bold added):
"As of March 31, Bridgewater All Weather held 76% of its assets in U.S. and foreign government bonds, 42% in stocks, 39% in commodities, and 30% in inflation-linked Treasuries…
Investors have learned to ignore the TACO trade (traders have had their fun there).
Weighing the fundamental changes and challenges associated with new US policies is a bit more complicated.
Best of Mao and Putin, rolled into one. And I love what he's doing to the Oval Office decor.
Gold trim and self-portraits everywhere? That's not tacky at all. Nope.
A few side notes from today's BLS Employment Report:
The ratio of employed work…
Ms. Wood apparently trimmed her TSLA holding last week. TSLA was the largest ARKK holding.
Thought the Musk dust-up with Dump was all just theatre, but maybe their relationship has in fact devolved. Two supposed "Alphas" - my other reference for …
Let's be honest, most of us are not surprised to hear that the regime is manipulating publicly issued financial reports.
“Trump administration officials delayed and redacted a government forecast because it predicts an increase in the nation’s…
We tend to prepare for the worst, but the market has proven that all the current regime has to do is utter some phrase about China negotiations proceeding, or really anything that might be construed as positive....and up we go.
I mean, how easy is …
No, Crash, I didn't. But these TACOs are making me cranky, as we will continue to deal with them this summer and then some.
It has changed our basic investment strategies. Everywhere you look, pundits are espousing the virtues of global diversi…
"Staying home has worked for US investors for years but now may be time to think GLOBAL with 15-20% exposure (average now is 12%)."
So is (was) this a trade for 2025, or is this a new long-term shift in investing attitude?
US equities are no l…
The courts are gifting the man-child an exit opportunity....the chance to leave this messy Tariff rollout attempt in the dust. He would be able to pin it all on the courts.
But he doesn't have the ability to admit to himself that this isn't goin…
What parts of defrauding $30 million from community banks and tax evasion does trump not understand?
Oh, he more than understands. Grifters have to stick together!
The TACO trade - as in ‘Trump always chickens out' is the talk of Wall Street
Per Marketwatch:
"Let’s hear it for the TACO trade.
Wall Street loves a catchy acronym, and the TACO trade, coined earlier this month by Financial Times columnist Robe…
Pure gold....
"Markets trembled, then rebounded,
Stock picks swirled, confusion sounded.
No playbook clear, no path defined—
Just chaos carved from one man’s mind.
In suits and slogans, rules were bent,
With Fox & Friends as Parliament...."
https://finance.yahoo.com/news/trump-media-to-raise-25-billion-to-buy-bitcoin-142942484.html
"Trump Media & Technology Group (DJT) is doubling down on cryptocurrency, unveiling plans Tuesday to create what it claims will be one of the largest b…
TruthFi
"....meme coin blending humor, politics...."
"...fun financial ecosystem."
"Whether you'r here for the memes, the movement, or the moonshot,...."
I just puked in my mouth a bit.
Peeking at PRWCX's bond holdings - the top 4 are three UST Notes (5 yr) and a UST Bond (10 yr), followed by bank debt, corporates and other HY. But it appears that the fund has stayed away from Longer term debt.
Didn't realize how many call optio…
If companies don't like their near-term earnings prospects, they can just "pull guidance". That way, all is forgiven. It's the latest fad.
Blame it all on tariff talks. It's really quite convenient - we can sweep this mess under the rug like n…
If the markets start tuning out these Tariff announcements, maybe we suffer over the next year or so and narrowly avoid a recession. The dollar has to stabilize. Our credibility has taken a hit this year. And the Fed must remain independent, or …
CNN
—
President Donald Trump said Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the th…
PRPFX has worked well this year thanks to a 20% gold allocation. It's +9.65% YTD.
QMNNX - AQR Market Neutral fund has held up very nicely. Up +13.89% YTD.
Now, if only their recent performance was some kind of indicator ("guarantee") of fu…
Yes, shady crypto dealings can be hidden with distractions. Attacking Harvard every other day doesn't cut it, so there will be much more Tariff chaos to come.
https://www.nbcnews.com/politics/congress/trump-bill-house-republicans-pass-what-know-rcna208488
A debt limit hike
"The bill is projected by the CBO to add $2.3 trillion to the federal deficit over 10 years, with the tax breaks and new expenditures…
It just confirms what we all know. He is not fit for office - not on any level.
And how about this exchange afterwards:
At one point reporters moved off topic and asked Trump about the plane Qatar gifted him, riling him. Ramaphosa cut in, sayin…
What Moody's is using as its base case is not current law, but current policy. While that's likely to happen, it is still hypothetical as Moody's acknowledges. The GOP has tried to position this as not costing a dime, let alone an extra $4T over…
"The Big Short" movie- ratings Agencies - discussion about assigning ratings to mortgage tranches:
Standard & Poors "If we don't give them the (AAA) ratings, they will go to Moodys".
Fictional or reality?
Just waiting for tweet storm from DT, DEFUND Moody.
I LOL'd at this, but then thought "Hmmm, he actually would".
Today, Scott Bessent called Moody’s a ‘lagging indicator’ after U.S. credit downgrade.
https://www.cnbc.com/2025/05/18/scott-bessent-c…
You can learn from somebody else's mistakes. Watching these negotiations was a lesson in how not to approach a situation.
Liberation day was a bust.
On Friday, Trump claimed about 150 countries would soon receive letters “essentially telling…
https://www.blumenthal.senate.gov/newsroom/press/release/blumenthal-announces-resolution-condemning-trump-crypto-corruption
Trump Crypto Corruption
"....the U.S. Senate Permanent Subcommittee on Investigations opened a preliminary inquiry into the…
Is it normal for the POTUS to instruct a retail company (Walmart) to eat tariffs that he was responsible for?
https://www.cnbc.com/2025/05/17/trump-tells-walmart-to-eat-the-tariffs.html
Some of my favorite quotes from this spot-on article:
"Oversight isn’t obstructed—it’s being erased. Dissent isn’t debated—it’s being criminalized."
"The Department of Justice has been reshaped into a shield for the executive. Foreign policy is ro…
