The market recovered from a difficult test yesterday. By about mid-morning the equity market was hurting, with not the normal underperformers dragging indices lower but the recent winners – the golden stocks. Companies that had experienced great praise from the market over the last twelve months were subject to a heavy repricing of risk, one…
Titan Investment Partners flagship Global Macro a/c?
It seems that our old friend “Stevie” Steve Cohen of SAC Capital is back! Retaining his current headquarters at 72 Cummings Point Road but under the new name of “Point72” – a sop to the firms physical address. Ten years after the SEC’s crackdown on SAC’s portfolio managers started, the eponymous hedge fund was forced…
“Price is what you pay, value is what you get” – the investment legend that is Warren Buffet never spoke more of a truism. The problem is that the period of time it can take for the value to ‘out’ can be quite extended… After experiencing a relatively deep drawdown in the last quarter of…
GLASS HALF FULL? OR GLASS HALF EMPTY..?
The tension in the stock market is clearly evident, especially with the NASDAQ and Russell 2000 breaching their respective 50-day moving average (MA). What we have seen in the stock market is a shift away from higher-beta growth and small-cap stocks to the perceived safety of blue chips and large-cap stocks, which I recently wrote…
“The message for strivers is that if you want to be very, very rich, start out very rich,” is the wondrous conclusion Bloomberg BusinessWeek’s Peter Coy has from delving into the details of the latest data on income growth in America. The richest 0.1 percent of the American population has rebuilt its share of wealth back to where it…
When confronted with the comments made by Christine Lagarde last week urging the ECB to cut the already generation low 0.25% European funds rate, “Super Mario” Draghi just gently dispatched her with a “thanks, but no thanks”. While he certainly acknowledges the role the IMF has been having in determining the future of the Eurozone,…
Asian markets rallied last night as the release of the FOMC minutes gave global markets a well needed lift. The key piece of information that was taken from the minutes was that interest rates are set to stay low for considerable time, put clearly in the minutes in a move to counteract the mistake Janet…
