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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
I hope Schwab is in fact giving us the rates shown at https://www.schwab.com/money-market-funds. The rates at the link already represent an opportunity cost (about 20 bps for minimums below $1M) relative to MMF rates at Vanguard, which requires roc…
Link to this week episode is below. Sorry, I did not get to watch this and post here until now. I see that Hank already posted in a new thread. I will continue this thread so past episodes are available for those interested.
Regular trading hours are the real measure of bid-ask spreads / liquidity. You can see bid-ask spreads on live quote - you do not need a tentative order to see bid-ask spreads. The spreads should decrease if AUM / volumes / liquidity increases ov…
@hank, daily volume is not yet great. When you buy, please post here about the bid-ask spread. Thanks.
A similar and perhaps, more beta is FBCG (Fidelity).
Relative to S&P 500, does not the current multiple on S&P400 seem beaten up? May be S&P400 is a better pond than S&P 500 to bottom fish. The current level of MDYG, the S&P 400 Mid Cap Growth ETF, is not far from the pre-Covid h…
I will continue to watch and post here YouTube links when available. I record it in my TV box as a back up just in case if YouTube fails, but invariably watch it in YouTube and then delete the TV recording. Larry Summers the academic is earning ba…
@yogibearbull,
My thinking (minus the Neel speculation) was exactly that. I noticed the presser dynamics too. If there was a severe adverse reaction to the leak, the Fed probably would have stuck to the 50 basis points. With no such reaction, Fe…
The leak to WSJ on Monday may have been deliberate as a trial balloon to set up topics for discussion during the FOMC meeting which started on Tuesday. We live in leaky times!
Bears are at 58.3%, three SDs above average but 1% lower than the worse reading for the year on April 28, 2020 when the S&P 500 (4,280) was nearly 18% above the current level. Does not appear we are near the bottom.
@BaluBalu et al
Everything equity is being thrown to the trash bin; quality or not. Enough of this and the majority of equity becomes called "value" stocks. Still too much money waiting to buy, IMHO.
Watching.....
The "red" remark is relative…
It seems folks are talking past the subject line of this thread. @Derf appears to suggest that a big CPI print to be released on Friday got leaked on Thursday approx 1 hour prior to market close. Not looking for controversies but leaks are disturb…
I sold DSEEX likely in 2018, after holding it for 5 yrs. After that I experimented with CAPE during which time I noticed that the published sector allocation of CAPE was somewhat (25%) different from that of DSEEX. DoubleLine had an explanation fo…
@yogibearbull,
Somewhat OT.
At this point, is 2 yr Treasury or 1 yr Treasury a better bet? When I bought 2 yr notes in April/May, my idea was roll down potential. Now, 1 yr yields only 40 basis points lower than 2 yr. You can PM me as well. …
The avg 4.7% mentioned is for 2022 only. Given high inflation in the first part of the year, it seems a projection of 4.7% avg anticipates quite low inflation in the second part of the year.
Blackrock view in the OP is the first public pronouncement I have seen of any investment house predicting that the Goldilocks 2% will be beyond reach. Now have to wait and see how pervasive this view becomes and market’s pricing of the view.
I have been using Stockcharts but it does not recognize all tickers (not just different classes). M* charts used to recognize more tickers than stockcharts but looks like we have to make do with stockcharts until M* decides to revert back.
Rajiv Jain is a very experienced fund manager who has delivered excellent long-term performance using a "quality growth" approach. His departure from GQG Partners would be a huge setback for the firm and represents substantial key-man risk. Another …
@Old_Joe, Given the tightening cycle we are in, interest rate and spread risks on this bond would be a higher concern than bankruptcy for me too.
I would say the bonds are callable, rather than "Not callable." The make-whole provision could provid…
Morgan Stanley has some ARKK type innovation funds. For example, based on M* charts, MSEGX trails ARKK in every period 5 yr through 1 mo, except 1 yr, total returns. If one were to be interested in the ARKK type theme of investing, is a Morgan Stan…
@Old_Joe, These are long dated bonds and you are buying at a premium to par. I would make sure that you have call protection. Given these are issued in 1998, I am taking a wild guess that there might be a make whole provision; otherwise, the compa…
Thanks, @JohnN. It is likely not important to you but I was referring to the maturity date of the bond. I looked it up and it is February 15, 2038. I own BA stock and so I am past looking at analyst reports / commentary!
Added $Tna $fngu set sale +5%...short term trades
Added Boeing bonds 6% ytm BBB+
Cusip 097023AS4
Seems like a good buy on BA bonds. But I will check them out for maturity and brokerage commission at any of the mainstream brokerages.
