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I replaced AB with SCHW (free Stockcharts display limit is 5 tickers) but kept 1 yr (any other timeframe later defaults to 1 yr).
https://stockcharts.com/h-perf/ui?s=SCHW&compare=BEN,BLK,IVZ,TROW&id=p54544772817
ETFs IYG, IAI don't have much exposure to fund-stocks. Here are 5 fund-stocks AB, BEN, BLK, IVZ, TROW and TROW is not doing well in this group.
https://stockcharts.com/h-perf/ui?s=AB&compare=BEN,BLK,IVZ,TROW&id=p36589705458
@yogibearbull : Are you telling me that Chuck has more that a few loose ends to tie up from TD A. ? I must have missed USAA brokerage dealings. when did that happen?
Thanks, Derf
USAA is going back to basi…
@Sven, for example WGROX,
M* Performance tab has inflows/outflows (all classes) under the graph, https://www.morningstar.com/funds/xnas/wgrox/performance
Fido Performance & Risk tab has class AUM history, https://fundresearch.fidelity.com/mu…
ETFs IYG (financial services) and IAI (brokers-dealers) have several brokers.
Price/TROW is doing much worse than more diversified brokers-dealers/fin-svcs.
Schwab/SCHW has to yet digest TD Ameritrade and brokerage parts of USAA. It may not buy a…
Bearish sentiment is still very high, 1.57*SD above average. But less extreme than last week when it reached 2.32*SD above average. Overall, still very negative.
Fed fund futures traders have the following probabilities: 74% for 75-bps, 26% for 100-bps (1%). Probabilities for 100-bps were 0 just a few days ago.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
There is a last minute deal to avoid damaging RR strike,
https://www.cnbc.com/2022/09/15/president-joe-biden-says-tentative-railway-labor-agreement-reached.html
A contract issue is the on-call requirement on off-duty days. This WP article has details - I could read it but it may be behind paywall. There are other industries/professions with on-call requirements that may serve as models. It seems that 3 of t…
So, there are funds beyond Nuveen/TIAA - from Price, Vanguard, etc.
I am fairly sure now that Schwab a found a bug in its internal cost-basis system, i.e. average cost-basis for mutual funds (default). Funds mentioned SO FAR are bond funds.
Reme…
We are approaching September 6 levels. That was just a week+ ago.
1-day decline is the worst since mid-2020.
It was 95% down-volume day.
See major indexes since 1/3/22, https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&…
CPI, PPI
Well, stocks flipped down sharply on lower CPI (but higher than expected), but higher core CPI. It seems some volatile part of the CPI is creeping into the core part.
Treasury yields are flying, with 2-yr at 3.73%,
https://www.cnbc.com/…
It is irritating. May be comical?
Schwab has issued ANOTHER corrected 1099 in September involving the SAME short-term muni fund FLTDX from Nuveen/TIAA. Again, the changes are for transactional CGs (ST, LT), and not in reported income or CG distribu…
Harbor hung on to its tiny m-mkt fund (about $90 million AUM) all through ZIRP and other crises (inception was 12/1987). But now that things are looking better for m-mkts, it decided to shut it. I looked for some rationale in the news but didn't fin…
There is quite a bit of talk about QT and that it going full steam from mid-September at -$60 billion/mo for Treasuries and -$35 billion/mo for MBS. This can go on for a while.
Also mentioned is that the Treasury market is large and liquid and can …
Price website shows Top 10 monthly. I suppose after admitting that he was frustrated and not happy with GE, he decided to sell - it is gone from Top 10 but he may be holding a small position. Here is the monthly status of GE (scroll to Holdings/Top …
This is an interim report on mutual fund to brokerage transitions (4 IRAs, 1 Trust).
The IRAs transferred easily and automatically for my wife and I. Both T-IRA and R-IRA transitioned together. All personal info transferred except one secondary pho…
The Fed blackout period doesn't preclude one of the open mouths at the Fed (typically, not a current FOMC voting member) talking to WSJ's Nick Timiraos. As NT wrote book/profiles on some Fed people, I can now see why this strange wink-wink relations…
I have a primer on HSA. I will update it once we have a firm confirmation of this.
https://ybbpersonalfinance.proboards.com/thread/258/hsa-health-savings-accounts
Form 8880 is used to claim Saver's Credit. On this form or instructions, I don't see any mention of HSA, but only T-IRA, R-IRA, ABLE, 401k/403b/TSP.
https://www.irs.gov/pub/irs-pdf/f8880.pdf
I have also searched the web and articles on HSA don't …
Energy markets are reacting differently to several news items today - proposed European caps on natural gas prices and futures trading (expected), Russian stoppage of natural gas flows into Nord Stream 1 pipeline, small OPEC production cut of 100K b…
BBY = Best Buy
BBBY = Bed Bath & Beyond
The class action lawsuit filer Pengcheng Si has a history of rushing to file lawsuits and then files more info by amendments/modifications. BBBY has noted that it would evaluate charges in the lawsuit tha…
RPIEX. 69% cash. Ta-gooch?????????
This was discussed in another thread. High derivative exposure explains high cash position. https://www.mutualfundobserver.com/discuss/discussion/comment/152561/#Comment_152561
Crude oil and refined distillates have very different supply and demand drivers. But both have very volatile prices - actually, crude oil more so than distillates. Crack-spread is that between 2 highly unstable prices.
Specifically, refiners have b…
Crack-spreads (~refining margins) were about $60/barrel (yes, per barrel) in late-June and now are only (!) $28/barrel. With Brent $94/barrel and WTI $88/barrel, those are still very high refining margins. Twitter Link
I don't track AAII Asset Allocation Survey as it is based on surveys and thus prone to large errors - I doubt that respondents really do thorough calculations required for portfolio allocation determination.
However, it shows stock allocation at 64…
Well, that "estimate" is just extrapolating the current CPI rate to 1/15/23. If you believe the Fed, inflation should be coming down, so the actual inflation-adjustment may be a bit less.
This TIPS was issued on 1/31/2013. It has accumulated annual inflation-adjustments since then. TIPS pay all inflation-adjustments at maturity only.
Contact: Office of Financing 202-504-3550
DESCRIPTION: A-2…
For stable-value funds in workplace 401k/403b,
TIAA Traditional (September rates; no change from August)
Restricted RC 5.75%, RA 5.50%
Flexible RCP 5.00%, SRA 4.75%, Newer IRA 2.80%
https://ybbpersonalfinance.proboards.com/thread/142/tiaa-tradition…
Fund Allocations (Cumulative), 7/31/22
There were notable moves into stock funds from other categories. The changes in the totals were based on a total OEFs & ETFs AUM of about $29.46 trillion in the previous month, so +/- 1% change was about +…
@BaluBalu, I tried LAST week but couldn't find anything on Abel's transaction on Edgar/SEC, but I am not an expert user.
I ran into this Barron's piece TODAY that says that the transaction was mentioned in BRK filing. As the article may require sub…
@Crash, ETFdb has been my go-to site for ETFs for years and I noticed a new look and layout only today, 8/29/22 (but not a few days ago when I checked it also) although formally, all this happened in May 2022. Then I got to the bottom of this and th…
When Neel Kashkari was at Treasury and was running TARP money, he very much cared about the stock market. But now, he has a different job, that of MN Fed President, and a possible FOMC Member (actually, he is an Alternate FOMC Member in 2022, a Memb…
We have done Medallion Signature Guarantees at local banks recently, for Treasury Direct and other purposes. You may need to have an account at the bank(s) - another reason why to keep some local bank account(s), and not go online 100%.
Young Giroux (only 31), a capital goods analyst (who had won an industry award for analysts) but without any prior fund management experience, and without much overlap with the previous managers of PRWCX, was given the responsibility for a major fun…
