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I am not in a fully-invested 100% equity camp. In retirement, my tactical asset allocation (TAA) is 40-60% equity, and due to my buys in 2022, it became higher than that. So, I am in profit-taking mode now to adjust my TAA.
My short-term fixed-inc…
The fund flows should be looked at in the context of the US IPO levels. In a bad year, there were 62 IPOs (2008), in a good year 1,035 (2021) IPOs. These were the numbers of IPOs, and I will later find the $amounts of IPOs.
So, $150 billion will ha…
On Yahoo Quote page for USAGX, just click Max (don't go in Charts) and you will see the prices mentioned by @WABAC. I thought that there may be a split somewhere but not.
https://finance.yahoo.com/quote/USAGX?p=USAGX&.tsrc=fin-srch
Both NYSE and Yahoo are reporting day volume as 190,276. So, the activity picked up near or at close.
T Rowe Price is reporting 500,000 shares outstanding. So, there must have been private placement(s) or lots of shares in dealers'/market-makers' h…
There are 2 categories, FR-inv-grade (Treasury FRNs, others), FR/BL-junk.
I think that the discussion on this thread is related to FR/BL-junk and its nature, depending on the rates, is that it shows low SDs for a while, and then unexpectedly, the S…
That is a typical creation/redemption mechanism for ETFs (affecting the AUM). Once the introduction hoopla is out of the way, most of the trading will be just among the retail customers (not affecting the AUM), as is typical for other ETFs.
As TCAF…
Not really. I use to ETFs for my hunches that, if not wrong, are often too early or too late.
BTW, GGN and GNT are active CEFs but haven't shined in golds or oil.
So, if I lose money, I want to lose it my way.
I follow gold-bullion (GLD, IAU, SGOL, etc) & gold-mining (GDX, GDXJ, etc) ETFs. The latter are 2x-3x more volatile than the former, & are more correlated with the stock market - but sometimes, they just go down-down (-:).
Some gold-miners …
anybody know inception NAV price?
You will know in less than 10 min (-:).
I have only added it to my Yahoo watchlist. That is why I knew the moment yesterday when its ticker could be recognized by Yahoo. I may add it during the next selloff.
Edit…
The CME FedWatch has to adjust a LOT to fit the Fed's narrative of possibly 2 more hikes in 2023, and no cuts for almost 2 years (Powell said so). Powell also said that he/Fed/FOMC don't want to surprise the markets, so expect lot of Fed speakers ja…
Yahoo Finance just started recognizing the ticker TCAF.
T. Rowe Price Exchange-Traded F (TCAF)
NYSEArca - NYSEArca Delayed Price. Currency in USD
Quote Lookup
0.0000- (-)
At close: 08:00PM EDT
New Listing
TCAF is newly listed on NYSE Arca effecti…
Delayed T Rowe Price ETFs to launch TOMORROW, 6/15/23 - TCAF & 4 other ETFs from T Rowe Price.
https://twitter.com/ETFhearsay/status/1669101617155538945
More
Revised Prospectus https://www.sec.gov/Archives/edgar/data/1795351/00017417732300198…
Treasury rates didn't move much; 3-6 mo is the sweet spot. Stocks saw some volatility - Powell said don't expect rate cut for almost 2 years! Does that define higher rates for longer?
https://home.treasury.gov/resource-center/data-chart-center/inter…
YBB Notes
Hawkish-hold, so the fed funds remain at 5.00-5.25%, but it could go up by 25-50 bps by 2023YE; the (bank) reserve balance rate is 5.15%; the discount rate is 5.25%. The pause now is to let the effects of Fed actions so far work given som…
My test was for Fido without login and "Dodge & Cox" or "D&C" or "DODIX" or "DODFX" pulled up BLANKs from Fido search box. Good that others pointed out that this may be a site glitch.
Has this in-kind transfer happened or are you thinking about it?
D&C doesn't seem to be supported at Fidelity platform (NTF or TF). D&C tickers don't even pull up a quote at Fido site. So, such in-kind transfer may not even be allowed.
No …
I saw Vanguard's 09/2022 deadline to "force" conversion to VG Brokerage as a separate action; "or else", huge penalties (new) for continuing to have mutual fund only accounts. I reluctantly converted - took a while for me (Trust a/c + IRAs), but was…
Posters may be distracted by the use of "gradual" (by Treasury; I tend not to take government statements at face value), "flood" (by me & others), "tsunami (by @WABAC and others).
But the actionable take is that cumulative effects of the Fed (…
This time, -20% down for SP500 from Jan 2022 high was in June 2022. Then, +20% up from Oct 2022 low was recent. That 284 days.
Other times have to be checked similarly. It's hard to do this on phone, so I may post on this later. In long & deep …
In an account w/o margin, Fido didn't allow entering T-Bill/CMB Auction order for this week when there was a maturing T-Bill this Thursday (also the settle day for Auction purchases). In my margin a/c, I never encountered this, nor in Vanguard non-m…
Lots of good points.
My caution with FR/BL is just going forward. It has been a good time for FR/BL from mid-2022 to ??? If one has them, hold for now; may be still good for a quick trade. Things do change rapidly for them and lot of backward-looki…
CPI was OK, headline at +4.0% lower than expected (exp +4.2% yoy), but core at +5.3% higher (exp +5.2%).
https://www.bls.gov/cpi/
https://www.fxstreet.com/news/the-highly-anticipated-consumer-price-index-cpi-202306130542
Whirlpool Dishwasher Update
After running some different cycles, it's OK.
Quick 1 hr
Normal 1.5 hrs
Heated Dry adds 45-55 min.
Only to remember wiping some surfaces at the cycle end to assist in drying, AND leaving the door slightly ajar after a…
Image from the OP link shows clearly that FR/BL outperform in rising/flat rate environment, but underperform in declining rate environment (their risk also goes up as they act like ST-HY).
Posted on Twitter, https://twitter.com/YBB_Finance/status/1668048779285504003
YBB Personal Finance
@YBB_Finance
The image seems mislabeled by Getty Images (I found it by Google search) as a bull, but several people verified that it's a cow! The W…
Wife says it's cow too - she grew up with families around that had cows to supply milk and even milked some as a kid. I will point this out on Twitter and may be WSJ can get a refund from Getty Images.
@BaluBalu, a Google search on that WSJ picture led to this Getty Images that clearly labeled it as a bull. Is your view of the picture clear enough to say it's a cow? I have also found the WSJ piece on Gunjan Banerji's Twitter page and I follow her …
If you tell the Fido Rep that you tried online order but it isn't working or isn't available, then the Rep fee is typically waived. Mention it upfront to remove doubt.
That thought has occurred in IL for MATCHING federal $s with IL $s:
"State of Illinois Launches $15 Million Federal Grant Support ...
CHICAGO - Governor Pritzker and the Illinois Department of Commerce and ... the State's efforts to secure funding …
More info on brokerage web info.
All brokerages are sort of sneaky in how they present the $balance/$money available in positions/holdings screens. And that is what has tripped me on some occasions even when I am well aware of differences between T…
But no issues in margin a/c - may be a hit of 1-day interest on mistakes involving OEFs (T+1 settlement) and ETFs (T+2) settlement). I don't use margin anymore but the a/c are approved for margin, shorting and options. My experiences are at Fido and…
Barron's had some recent stories on Colorado River situation.
EMERGING MARKETS (4/3/23). To benefit from the US Chips and Science Act to promote domestic semi-CHIPS manufacturing, TSM (Taiwan) and INTC are building huge facilities near Phoenix, AZ.…
From https://big-bang-investors.proboards.com/post/37947/thread
PIMIX v. PFIIX v. MM
2 minutes ago ReplyQuotelikePost OptionsPost by yogibearbull on 2 minutes ago
There will soon be a time to switch from T-Bills/m-mkt funds/ultra-ST bond funds/S…
Many new technologies go through cycles of boom and bust, so will it be with AI.
I heard a lot about AI in 1970s too as a graduate student. Many universities had novel AI Labs. They are still around but there are also hotter Media Labs, Digital Xyz…
