Tag: Federal Reserve

Be in the know. 10 key reads for Thursday…

  1. Be Like Warren Buffett in Times Like These. Here’s How. (Barron’s)
  2. Federal Reserve Retools Capital Rules for Largest U.S. Banks (Wall Street Journal)
  3. Market-Beating Bank CEOs Are a Rare Breed (Wall Street Journal)
  4. Cramer’s most trusted market indicator says to start buying stocks (CNBC)
  5. Larry Kudlow Says ‘We’re Not Going to Panic’ Over the Economy (Bloomberg)
  6. Capitulation Moment? ‘We are giving up on energy’, say Jefferies analysts, who compare beaten-down sector to ‘62 Mets (MarketWatch)
  7. Oil prices rise on report OPEC agrees 1.5 million barrel-per-day production cut (MarketWatch)
  8. Buffett-Backed 30-Year-Old Goes to War With Latin American Banks (Bloomberg)
  9. Exxon CEO sticks to spending targets despite oil downturn (Reuters)
  10. The Old Dominion “Snapback” Stock Market? (and Sentiment Results) (ZeroHedge)

The Old Dominion “Snapback” Stock Market? (and Sentiment Results)

The theme of this week’s market commentary is “Snapback.”  I picked it:

1. Because I like the Country band – Old Dominion.

2. To explore the question of whether in fact this is a “Snapback” rally or actually a fake out. Continue reading “The Old Dominion “Snapback” Stock Market? (and Sentiment Results)”

Be in the know. 10 key reads for Wednesday…

  1. Investors Got the Fed’s Rate Cut Wrong. ‘Putting Some Money to Work Isn’t a Bad Idea.’ (Barron’s)
  2. The Fed Just Cut Interest Rates. Get Ready to Refinance Your Mortgage. (Barron’s)
  3. This $5 Billion Stock Fund’s Manager Thinks Like a Founder. It’s Working. (Barron’s)
  4. Saudis Want OPEC+ to Cut More Than 1 Million Barrels a Day (Bloomberg)
  5. Here’s how billionaire investor Howard Marks is telling clients to ride out coronavirus volatility (MarketWatch)
  6. Warren Buffett Can’t Resist This Bargain As He Buys Amid Coronavirus Correction (Investor’s)
  7. Fed rate cut to boost homebuyers’ spending power (Fox Business)
  8. iPhone Maker Foxconn Expects 15% Q1 Revenue Hit From Coronavirus, Says Production Rebounding (Benzinga)
  9. US Fed’s coronavirus rate cut is first move in a dance with markets (Financial Times)
  10. Private payrolls up 183,000 as hiring shows no signs of coronavirus scare (CNBC)

Be in the know. 25 key reads for Sunday…

  1. Singapore Emerges as Litmus Test for Coronavirus Containment by Philip Heijmans (Bloomberg)
  2. What will ‘Super Tuesday’ mean for US investors? (Financial Times)
  3. Here’s A List Of Who Was Puking Stocks This Week (ZeroHedge)
  4. Jim Rogers Says Investors Should Buy Now! (The Street)
  5. Typical March Trading: Slow Start, Mid-Month Surge & Uninspiring Finish (Almanac Trader)
  6. No, You DO NOT Need Face Masks For Coronavirus—They Might Increase Your Infection Risk (Forbes)
  7. Daily Oversold Readings Could Support Rebound (John Murphy)
  8. Stock market coronavirus drop was painful, but buying opportunities may arise (New York Post)
  9. ‘SNL’ Cold Open (Daily Beast)
  10. 2020 Corvette Stingray: First Drive Review (Maxim)
  11. Danielle DiMartino Booth on the Federal Reserve (Podcast) (Bloomberg)
  12. Options markets point to a potential bounce for U.S. stocks (Reuters)
  13. Apple glasses could solve one of VR’s biggest issues, patent suggests (techradar)
  14. Fox Business Skips Commercial Breaks to Cover Coronavirus (But Still Has a Sponsor) (Variety)
  15. Phil Knight on the Surprising Origin Story of Nike’s Name and Swoosh (Medium)
  16. The Rise And Fall (And Rise?) Of NASCAR (NPR Planet Money)
  17. What Biden’s Big South Carolina Win Might Mean For Sanders (FiveThirtyEight)
  18. Inside The Crazy Story of Iraq’s Debt (Podcast) (Bloomberg)
  19. Powell: Fed poised to act if needed on ‘evolving’ virus risk (Pensions & Investments)
  20. A Morgan Stanley Manager Who Sold Before Rout Says He’s Buying (Bloomberg)
  21. WHO chief on coronavirus: Global markets ‘should calm down and try to see the reality’ (CNBC)
  22. OPEC may fight coronavirus price slide with deeper oil supply cuts (Fox Business)
  23. Thomas Lee, founder of Fundstrat Global Advisors is forecasting a “V”-shaped, or sharp, recovery for the market (MarketWatch)
  24. The Mystery of What Drives Bob Iger (Wall Street Journal)
  25. Jim Cramer: I Don’t Know Where It Will Bottom, I Do Know What to Buy and Sell (TheStreet)

The “Curb Your Enthusiasm” Stock Market

In last week’s note, “The 10:3 (Risk to Reward) Stock Market” we made the case that while there was limited upside, the downside risks had increased materially.  You can review it here: Continue reading “The “Curb Your Enthusiasm” Stock Market”

Be in the know. 10 key reads for Tuesday…

  1. Libya Oil Shut-In Cost Nation Over $2 Billion Since January (Bloomberg)
  2. Gilead’s Drug Leads Global Race for Coronavirus Treatment (Bloomberg)
  3. No OPEC Decision Yet on Oil Cuts, Saudi Energy Minister Says (Bloomberg)
  4. Breaking Down the Buffett Formula: Berkshire Hathaway’s Returns by the Numbers (Barron’s)
  5. He Went to a Hockey Game Expecting Dinner. He Wound Up Getting the Win. (Wall Street Journal)
  6. Supreme Court Seems Ready to Back Pipeline Across Appalachian Trail (New York Times)
  7. OPEC hasn’t run out of ideas, Saudi energy minister insists as oil prices slump (CNBC)
  8. Natural gas is crushing wind and solar power — Why isn’t anyone talking about it? (Fox Business)
  9. Conspiracy Theorists Ask ‘Who Owns the New York Fed?’ Here’s the Answer. (Institutional Investor)
  10. Krispy Kreme launches ‘national doughnut delivery’ starting Feb. 29 (USA Today)

Be in the know. 8 key reads for Sunday…

  1. 2020 Corvette Stingray first drive review: Born to dance (Digital Trends)
  2. Warren Buffett drops a hint about the future of Berkshire’s leadership (CNN Business)
  3. Milton Friedman, An ‘Elfin Libertarian’ Giant (Hoover Institution)
  4. Keanu Reeves Rarely Talks About Money — but When He Does, It’s Life-Changing (Medium)
  5. Episode 974: Michael Milken (NPR Planet Money)
  6. 40 Years Later: 20 Facts About the ‘Miracle on Ice’ (Mental Floss)
  7. Uncut Gems Explains Why People Go Crazy for Jewels (Podcast) (Bloomberg)
  8. Warren Buffett acknowledges he won’t live forever, tells investors: ‘Don’t worry’ (Fox Business)

Be in the know. 15 key reads for Saturday…

  1. It’s Time to Build a Stake In Caterpillar (Barron’s)
  2. Wells Fargo Agrees to Pay $3 Billion to Settle Fake-Account Claims (Barron’s)
  3. Stocks Drop on the Week but Still Look Bubbly. Time to Prepare for a Correction. (Barron’s)
  4. What the E*Trade Deal Tells You About the New Investing Game (Wall Street Journal)
  5. Hot Wheels launches Cybertruck toy — with optional cracked window (New York Post)
  6. America’s Coal Country Isn’t Dead — It’s Preparing for a Comeback (Bloomberg)
  7. Warren Buffett just became the longest-serving CEO of an S&P company. Take a look inside his incredible life and career. (Business Insider)
  8. Richard Branson launches his luxury, adults-only cruise ship (CNN Business)
  9. Richard Turner — The Magical Phenom Who Will Blow Your Mind (#411) (Tim Ferriss Podcast)
  10. Yale Activists Want Divestment. David Swensen Isn’t Budging. (Institutional Investor)
  11. Election Year March: Performance Haunted By Steep 1980 Declines (Almanac Trader)
  12. In next downturn, Fed may opt for quick, strong action (Reuters)
  13. 30 Most Popular Stocks Among Hedge Funds: 2019 Q4 Rankings (Insider Monkey)
  14. Maserati’s New Mid-Engine Supercar Is Called the MC20 and It’s Coming This Spring (Robb Report)
  15. Where to Eat, Drink, Stay and Play in the Maldives (Maxim)

Be in the know. 20 key reads for Wednesday…

  1. Leon Cooperman says the market has become too pessimistic on energy stocks, too euphoric on Tesla (CNBC)
  2. Junk bond king’s pardon ‘is spectacular’ for Wall Street (Financial Times)
  3. Record Wall Street rally triggers boom in options (Financial Times)
  4. Q4 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios (Benzinga)
  5. The Michael Milken Project (Institutional Investor)
  6. ‘Very Big Trade Deal’ With India In Progress Ahead Of Visit, Trump Says (Benzinga)
  7. Building Permits Surge To 13 Year Highs Thanks To Warm Weather In Northeast (ZeroHedge)
  8. China’s virus-hit industrial cities start to ease curbs, restore production (Reuters)
  9. Oil up on slowing pace of coronavirus, Venezuela sanctions (Reuters)
  10. It’s Michael Milken’s World. The Rest of Us Just Live in It. (Barron’s)
  11. Hedge Funds Keep Backpedaling From S&P 500’s Biggest Winners (Bloomberg)
  12. What Warren Buffett Might Tell Investors in His Annual Letter This Week (Barron’s)
  13. Gilead’s Coronavirus Drug Trial Slowed by Lack of Eligible Recruits (Wall Street Journal)
  14. Fed’s Balance Sheet Dominates What to Watch For in FOMC Minutes (Bloomberg)
  15. Why Teva’s Grand Turnaround Could Just Be Getting Started (24/7 Wall Street)
  16. Pound Climbs After Inflation Tempers Risk of a Rate Cut (Bloomberg)
  17. SoftBank plans to borrow up to $4.5 billion using its domestic telecom’s shares as collateral. (Business Insider)
  18. Billionaire investor Leon Cooperman ramps up his criticism of Bernie Sanders, calling him a ‘bigger threat’ to the stock market than coronavirus (Business Insider)
  19. February Bank of America Global Fund Manager Survey Results (Summary) (Hedge Fund Tips)
  20. It’s never been this hard for companies to find qualified workers (CNBC)

February Bank of America Global Fund Manager Survey Results (Summary)

Data Source: Bank of America

Each month, Bank of America conducts a survey of ~200 fund managers with > $600B AUM.  Here are the key takeaways from the survey published on Feb 18, 2020: Continue reading “February Bank of America Global Fund Manager Survey Results (Summary)”