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It is like the January-effect playing in Summer. Use anything SC, and IWM, IWO would be fine too.
Major indexes from 6/16/22 https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p16477435900
This US SPR status from Twitter is from June and you may look for updated data from the IEA. There was also some recent news on changing the law on SPR buys from the current bids-system to buying in the futures markets or with forward-contracts, as …
Sentiment indicators are contrarian.
AAII Sentiment has been negative most of Q1 and Q2, more so in Q2 and was the worst around mid-June. For its believers, these were the times to buy/add, or at least hold (not sell), as difficult as it may have …
Howard Marks - Which Way Now?
He suggests that rather than in/out or buy/sell, make portfolio adjustments according to own risk level.
https://www.oaktreecapital.com/insights/insight-video/market-commentary/insights-live-which-way-now
Corn crop uses lots of fertilizer. Russia-Ukraine war has disrupted fertilizer supplies too and many farmers are switching to soybean (that retain soil nutrients) and other crops rather than have low-yielding corn crops.
This seems an annoying phone thing. My Android phone assumes that if I add multiple spaces, I must have forgotten to add period and it auto-adds one. Phone auto-edit does lots of other silly things.
Today was a 92% up-volume day.
Others:
90% up-volume days: May 13, Jul 19, Aug 10
90% down-volume days: May 5, May 9, Jun 9, Jun 13, Jun 16
These so-called A/D thrust days have significance.
https://twitter.com/WalterDeemer/status/1557462958745190401
A good rally from mid-June lows, whatever it is called - Bear-rally or new up-move. It has now reached the target area that many had for this bounce. Very strong day today. Strange that people are cheering CPI of +8.5% (President erroneously said no…
I remember that missed MAPIX quarterly in 12/2014 and I explained it to others at M* at the time (-:). It was due to the weird US PFIC tax consideration that required mark-to-market (or, flow-through-earnings) of some foreign property and hard asset…
Now I always check the Order Status after the order is submitted. I have had instances when either the computer didn't catch/register the order or I just forgot to click the final Submit due to some distractions (phone call, door bell, wife calling …
@mcq, I have the SEC Form N-1A link bookmarked and the same link has been working for YEARS. The Form just keeps getting revised and updated. I didn't bother to save paper copies of the older versions. May be the SEC can provide older versions on re…
Funds follow the current SEC Form N-1A that has been revised over the years. This Form includes what the SEC thinks should be included by the funds now and probably doesn't include anything that would violate/contradict the letter or spirit of the I…
There is some story behind this.
So, John Hancock (with Canadian parent MFC) was surprised/blindsighted when its fund JCUAX / JCUIX's (AUM $571 million) subadvisor First Quadrant was acquired by Systematica, and big AMG has stakes in both advisory …
@BaluBalu, NONE were in the ball park of what you mentioned.
Barron's data was to 6/30/22 and all 5-yr performances were in the range 4.34-6.43%. A fair comparison may be with a simple 60-40 index-based target-risk fund such as VSMGX that had 4.95%…
@BaluBalu, there is a performance table in Barron's for typical 60-40 robo-advisor portfolios. As expected, due to higher cash %, Schwab lost less (but not the least) for YTD and 1-yr, but lagged for 3-yr and 5-yr.
Real reason for Schwab to have h…
I think that you change (nonqualified) annuity carriers through 1035 Exchange. It is not a complicated form but just another layer of paperwork beyond normal account/money transfer paperwork. I found a sample 1035 Exchange form from NY Life. Inherit…
Keep in mind that once an annuity, always an annuity (until 59.5).
So, that 5-yr term-annuity can only be rolled into another term-annuity to avoid 10% penalty before 59.5.
So, comparison with 5-yr CD (bank or brokered) is not fair.
Insurance co is …
Barron's article has 2 charts that cannot be linked except as screenshots. But I find that less appealing. FRED is cited as reference, so I created those 2 charts using FRED - see links at the end. The articles goes on to explain that appearances ar…
Another opinion : https://www.investopedia.com/best-robo-advisors-4693125
Thanks for the new info.
I remembered that Investopedia had its Robo-Advisor Ranking earlier in the year. So, I checked the stuff I saved/bookmarked, and sure, there was this…
Yep, the legacy VG mutual fund platform doesn't allow cancellation of orders - says so near the final order Submit link. Elsewhere on the website, VG says to enter an opposite transaction to effect cancellation.
@MikeM, you probably know the story on Schwab robo-advisor better than others. Schwab took some flak on its aggressive ads for its robo-advisors being "free" (ER 0%) but it keeps more in cash at its own Schwab Bank (which lends that money and throws…
People often say that allocation/balanced funds are declining, dead, kaput. But they are wrong. Broadly speaking, target-date funds, robo-advisors and age-based 529s are nothing but allocation/balanced funds in some form. So, this universe is expand…
Pending cancel is just default until something is done. My guess is that your previous order (market or limit or stop) was executed near the market open. So, in the order queue, it was too late for your cancel instructions. But you would have reason…
I like Howard Marks’ long and thought-provoking pieces. The firm Oaktree Capital (AUM $159 billion) that he cofounded is big and successful in distressed credit areas. Gundlach's DoubleLine may not have happened without Marks. But the firm hasn’t do…
As mentioned earlier, secondary market for brokered CDs is quite illiquid & the bids posted may involve decent haircuts (more than implied by rate changes). So, that can be much worse than 3-6 mo interest penalty for bank CDs. Brokered CDs aren'…
Most "income-builder" funds are global/world-allocation. So, the change for HDAVX / HDIVX / HDDVX makes sense. The only new twist is the ESG angle that used to be hot but all this stuff may have been in the pipeline.
So, one by one, the OLD Nuveen mutual funds are disappearing. Last time were the old Nuveen EM fund that was just liquidated, and some old Nuveen bond funds and target-risk funds that were merged into similar TIAA-CREF funds (see links below). Now,…
M* Analysts' Q-Ratings are indeed computer-generated. But you are right to criticize - M* can at least hire copy-editors to make them readable. Unfortunately, copy-editor is almost a lost job classification in these Internet times.
BTW, some short …
Brokered CDs differ in one important respect from BANK CDs (bought directly from banks). Brokered CDs FLUCTUATE daily in value according to the current bid-ask in the SECONDARY market that depend on interest rates and other factors. The new buyers o…
Shorter-term TIPS held individually to maturity follow the CPI (less discount to par at purchase) & work as intended. Purchase at Treasury Direct (TD) or brokerages. Of course, go to TIPS after fully using annual limits for I Bonds (at TD only).…
@davidrmoran, thanks, I missed that. Kitces' tweet was on 7/31/22. I also checked Kitces' Twitter feed and the tweet dated 7/31/22 is there too. Unclear why he recycled 5 yr old stuff.
https://twitter.com/MichaelKitces/status/1553821828153577475
In…
Estimated taxes are for those situations when the annual tax withholdings may be much lower than taxes due.
Taxes withheld, from pay/pension checks or Roth IRA conversions, count as being spread over the entire year. So, if one does some Roth Conve…
Market Chameleon looks fine for stock and options research, especially related to earnings. Allows Watchlists but no portfolio function. Free features very limited. Just based on general site info.
Brokered CDs are also quick way for banks (some lesser known) to raise funds. It has been noted that the deals are often for limited times and may not be available directly from offering banks. For banks, it is an expensive but fast channel to acqui…
@sma3, I think that "Trust for Professional Managers" is just the name (strange as it may be) of the asset manager/advisory firm that operates several funds subadvised by others. It isn't unusual for fund names to include subadvisors' names (if they…
On this FOMC thread, posters have mentioned several topics, some serious, others tangential or in fun: techs, semis, Nasdaq, China, Taiwan, CDs, tequila/G&T/double. However, any extended discussion(s) on any of these topics should move to new th…
Among the post-FOMC data this week, Q2 GDP was yesterday (bad; -0.9%), and today were PCE (also bad; +6.8%, core +4.8%) and UM Sentiment (improved a bit to 51.5 from June low of 50 that spooked Powell at the June FOMC).
https://www.cnbc.com/2022/0…
