Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@Derf: Isn't it great how competitive most of the field is. Anything can happen, any game. I mean, on top of the big upsets, the Catamounts nearly took Arkansas; imagine that ever happening in football.
The St. Peter's coach is pretty amazing. Look…
Mortgage credit in the port now at zero; it was by far my largest allocation in recent years. Last to go was EIXIX. AlphaCentric and Regan's entries in the category have been ~ 75% ROC recently, thus with a pitiful income yield. The category was fla…
To the original question in the Pudd's post, PQTAX (Pimco's trend following managed futures fund) is my one real winner year to date, up 10%. (Well, except for the short S&P 500 etf SH, which has done better, but I haven't participated in the wh…
Yep, state laws set up the basic public utility regulatory structure, and a public commission does the details based on the state law, covering all forms of energy generation. Solar net metering, for example, is governed the same way.
But, there a…
Then there's the HY bond market, with the FRED effective yield chart charging up to 5.93%. McClellan's current weekly post highlights the trouble in HY and the probability that stocks will (continue to) follow HY's trajectory.
Tom Mc's posts are a…
Yogi: "Terrible sounding death-cross (50-dMA crossing 200-dMA on downswing) was noted for Nasdaq Comp about 3 weeks ago, in mid-February (it had happened to R2000/IWM in mid-January). One may have thought then whether the other indexes will follow, …
@OJ - They mostly do their talking through ALEC, and have been working on it for a long time. From a 2013 Huffpo article:
"In the latest attempt to rollback pro-clean energy policies, fossil fuel and utility interests operating through the American…
Great; it only makes sense.
So PG&E would sell or rent the home hardware for the system? (Count me as ever suspicious of a utility's agenda. Mine has been trying so hard for years to make net metering uneconomic for the home/business owner, an…
Mortgage credit, which has stayed calm and barely positive during the YTD storm, is showing some weakness now, with IOFIX's blowout of the last two days leading the way.
I was going to say JENSX, Jensen Quality Growth, but saw that M* has it on the blend side of the line these days. But ... they also have GQEPX on the line, just barely leaning over on the blend side. Maybe the question could be funds that are at lea…
@Hank - Watched it ~10-15 years ago. My sweetie & I laughed nearly all the way through it. Full disclosure, some friends we recommended it to questioned our sanity, but I stand by the script as hilarious.
Another laugh-inducing phrase from the…
@sma3: I had a similar experience when I'd had enough and was leaving V. for Fidelity, ~ 8 years ago. Like Sven said, It was an admiral shares fund that caused the problem and held up the transfer. Took days and days and more than a few calls, but I…
So, 2Y-10Y spread collapsed to 50 bps on hot inflation news? https://www.cnbc.com/bonds/
Yep. BNDD (curve flattener) is up about half a percent so far.
High yield effective yield has popped over 5%. Per FRED, last time it was at that level was November 2020. Could be looking at a spike that'll eventually be a good reentry point.
The battle after the initial drop today was over the 200d ma, whether it's a springboard or a ceiling. Today the verdict was ceiling. Tomorrow? We'll see.
Any thoughts on Endeavor? And pairing it with Core Equity especially if it moves towards growthier territory?
Not a lot of deep analysis here, but PARWX isn't a typical value fund in a sector sense, and in that way, it's still sorta similar to what…
All Parnassus funds are ESG, and all are fossil-fuel free.
That's one difference between the PRBLX of old and the PRBLX of today. The old version barbelled tech and industrials against staples and utilities much of the time, but the new version ha…
S&P 500 fell to the 200d ma (actually dropped a touch below it) in what feels like record time, and then bounced back up a bit. If you do this sort of thing, whether the 200 holds is a good thing to be watching.
CTFAX, Columbia Thermostat Fund, should have adjusted/increased equities as follows:
Should be up to 25% equities, from 10%.
Rick
@Rick, I don't follow. Your link takes me to the same allocation table they've had on the site since last May, showin…
Just on EM in general, I listened to a Gundlach webcast recently, and his one end-of-presentation recommendation was to steer clear of EM until the dollar shows some sustained weakness. Thesis is that EM equity is setting up well for a run, possibly…
@Hank, oh yeah, forgot about the 60d early withdrawal fee, for sure a buzz kill, for anyone who feels the buzz of Huss. Those used to be a lot more common than they are now - so many families have dropped them.
@Hank, I don't own it; did own HSTRX about 12 years ago for a while. A friend owns HSAFX now and isn't too unhappy with it, but you know what they say about a stopped clock.
But then the best I did yesterday was zero from NVHAX, EIXIX, and PQTAX.
... I am expecting bond oefs like IOFIX will come back down to earth and have more "normal" returns.
Hi dt, it's happening as we type. IOFIX has slowed quite a bit in December, and Pimco even cited non-agency mortgage weakness as a negative impact o…
@MikeW: JENSX is one of my favorite stock funds, on the short list. It's quality just about on steroids. Wasn't aware of MSFAX, and it deserves a deep dive. Thanks for bringing it up.
I'm in mostly retired/don't need much out of the portfolio/low …
I don't think it would be a poor choice if a serious stock market drop is the case you're looking to avoid. It's been only mildly under pressure recently, so I'd think it might do all right, and of course they'd add back some stock exposure on a dee…
+1 Andy The question is: which trading vehicle is best for this new opportunity- oef or etf (I'm too chicken to buy a closed-end fund!)
@Carew, depending on the exact situation, I'd prob'ly lean toward SVARX in an open-end fund. Making bucks after a…
The direction of junk corporate yields is up. As measured by the ICE BoA U.S. HY Index Effective Yield, they've blown out to 4.80, the highest they've been in the last year. For me, that means wait a bit to see how high they may go, to maybe grab an…
.... It’s interesting, though, that a significant futures fund, AHLPX, is down 4.2% today. The thing is about such funds is they are trend followers generally, positive or negative. When there's a sudden turn like today, it's hard for them to adjust…
Doesn't seem like JG's investments are out of synch at all with his market projections; he's mostly in NON-public investments. He's been clear about that in every recent interview I've heard.
Good episode; especially good for some counterpoints to conventional wisdom. Nancy L. is one of the macro guests of Consuelo's I most look forward to hearing.
I was surprised by the capex figures she cites, and others may be surprised by the infla…
I agree there's a place for an actively managed, focused climate solutions oef or etf. I did a halfway serious search about a year ago and came up empty; seemed the cap-weighted index etf's were the best options, and some of them had/have very limit…
