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.
The CME FedWatch has to adjust a LOT to fit the Fed's narrative of possibly 2 more hikes in 2023, and no cuts for almost 2 years (Powell said so). Powell also said that he/Fed/FOMC don't want to surprise the markets, so expect lot of Fed speakers ja…
Yahoo Finance just started recognizing the ticker TCAF.
T. Rowe Price Exchange-Traded F (TCAF)
NYSEArca - NYSEArca Delayed Price. Currency in USD
Quote Lookup
0.0000- (-)
At close: 08:00PM EDT
New Listing
TCAF is newly listed on NYSE Arca effecti…
Delayed T Rowe Price ETFs to launch TOMORROW, 6/15/23 - TCAF & 4 other ETFs from T Rowe Price.
https://twitter.com/ETFhearsay/status/1669101617155538945
More
Revised Prospectus https://www.sec.gov/Archives/edgar/data/1795351/00017417732300198…
Treasury rates didn't move much; 3-6 mo is the sweet spot. Stocks saw some volatility - Powell said don't expect rate cut for almost 2 years! Does that define higher rates for longer?
https://home.treasury.gov/resource-center/data-chart-center/inter…
YBB Notes
Hawkish-hold, so the fed funds remain at 5.00-5.25%, but it could go up by 25-50 bps by 2023YE; the (bank) reserve balance rate is 5.15%; the discount rate is 5.25%. The pause now is to let the effects of Fed actions so far work given som…
My test was for Fido without login and "Dodge & Cox" or "D&C" or "DODIX" or "DODFX" pulled up BLANKs from Fido search box. Good that others pointed out that this may be a site glitch.
Has this in-kind transfer happened or are you thinking about it?
D&C doesn't seem to be supported at Fidelity platform (NTF or TF). D&C tickers don't even pull up a quote at Fido site. So, such in-kind transfer may not even be allowed.
No …
I saw Vanguard's 09/2022 deadline to "force" conversion to VG Brokerage as a separate action; "or else", huge penalties (new) for continuing to have mutual fund only accounts. I reluctantly converted - took a while for me (Trust a/c + IRAs), but was…
Posters may be distracted by the use of "gradual" (by Treasury; I tend not to take government statements at face value), "flood" (by me & others), "tsunami (by @WABAC and others).
But the actionable take is that cumulative effects of the Fed (…
This time, -20% down for SP500 from Jan 2022 high was in June 2022. Then, +20% up from Oct 2022 low was recent. That 284 days.
Other times have to be checked similarly. It's hard to do this on phone, so I may post on this later. In long & deep …
In an account w/o margin, Fido didn't allow entering T-Bill/CMB Auction order for this week when there was a maturing T-Bill this Thursday (also the settle day for Auction purchases). In my margin a/c, I never encountered this, nor in Vanguard non-m…
Lots of good points.
My caution with FR/BL is just going forward. It has been a good time for FR/BL from mid-2022 to ??? If one has them, hold for now; may be still good for a quick trade. Things do change rapidly for them and lot of backward-looki…
CPI was OK, headline at +4.0% lower than expected (exp +4.2% yoy), but core at +5.3% higher (exp +5.2%).
https://www.bls.gov/cpi/
https://www.fxstreet.com/news/the-highly-anticipated-consumer-price-index-cpi-202306130542
Whirlpool Dishwasher Update
After running some different cycles, it's OK.
Quick 1 hr
Normal 1.5 hrs
Heated Dry adds 45-55 min.
Only to remember wiping some surfaces at the cycle end to assist in drying, AND leaving the door slightly ajar after a…
Image from the OP link shows clearly that FR/BL outperform in rising/flat rate environment, but underperform in declining rate environment (their risk also goes up as they act like ST-HY).
Posted on Twitter, https://twitter.com/YBB_Finance/status/1668048779285504003
YBB Personal Finance
@YBB_Finance
The image seems mislabeled by Getty Images (I found it by Google search) as a bull, but several people verified that it's a cow! The W…
Wife says it's cow too - she grew up with families around that had cows to supply milk and even milked some as a kid. I will point this out on Twitter and may be WSJ can get a refund from Getty Images.
@BaluBalu, a Google search on that WSJ picture led to this Getty Images that clearly labeled it as a bull. Is your view of the picture clear enough to say it's a cow? I have also found the WSJ piece on Gunjan Banerji's Twitter page and I follow her …
If you tell the Fido Rep that you tried online order but it isn't working or isn't available, then the Rep fee is typically waived. Mention it upfront to remove doubt.
That thought has occurred in IL for MATCHING federal $s with IL $s:
"State of Illinois Launches $15 Million Federal Grant Support ...
CHICAGO - Governor Pritzker and the Illinois Department of Commerce and ... the State's efforts to secure funding …
More info on brokerage web info.
All brokerages are sort of sneaky in how they present the $balance/$money available in positions/holdings screens. And that is what has tripped me on some occasions even when I am well aware of differences between T…
But no issues in margin a/c - may be a hit of 1-day interest on mistakes involving OEFs (T+1 settlement) and ETFs (T+2) settlement). I don't use margin anymore but the a/c are approved for margin, shorting and options. My experiences are at Fido and…
Barron's had some recent stories on Colorado River situation.
EMERGING MARKETS (4/3/23). To benefit from the US Chips and Science Act to promote domestic semi-CHIPS manufacturing, TSM (Taiwan) and INTC are building huge facilities near Phoenix, AZ.…
From https://big-bang-investors.proboards.com/post/37947/thread
PIMIX v. PFIIX v. MM
2 minutes ago ReplyQuotelikePost OptionsPost by yogibearbull on 2 minutes ago
There will soon be a time to switch from T-Bills/m-mkt funds/ultra-ST bond funds/S…
Many new technologies go through cycles of boom and bust, so will it be with AI.
I heard a lot about AI in 1970s too as a graduate student. Many universities had novel AI Labs. They are still around but there are also hotter Media Labs, Digital Xyz…
PRWCX is really a capital appreciation fund and its bonds are riskier and of lower quality.
In lots of pieces in Barron's and elsewhere, the recommendations now are for investment-grade, short-term bonds with some HY and EM as spices. But this sho…
@Sven, @Observant1, Sara DEVEREUX has a feature in the current Barron's. From my Summary, Part 2 (some excerpts also posted earlier by @Observant1),
Sara DEVEREUX, Vanguard Fixed-Income Head. She joined Vanguard in 2019 from Goldman Sachs/GS. After…
@Charles, check out Barron's,
TRADER. Stocks rose as the wall of worry faded away. The RALLY broadened beyond large-caps to small/mid-caps and cyclicals (financials, industrials). The SP500 was in a bear market for 248 days (Edit - the longest sinc…
It isn't part of the ER. It is paid from your account (or, you don't get it from the fund) and shows up in brokerage/fund 1099 at the yearend as something paid. As mentioned above, you can claim tax credit on 1040 (directly, or through 1116 with com…
There may be withholdings of dividends for foreign ADRs. I am not aware of any withholdings related to CGs. The US and Canadian ADRs have friendlier rules.
The US funds with foreign holdings may pay foreign tax that is included in your yearend 1099…
Following forum "rules"/"guidelines" is important, here and elsewhere. As a multi-site poster, I try to compartmentalize those. I have also dropped some sites that bothered me.
DJIA has more cyclicals, and only 14.62% is "industrials" now. Its price-weighted design is also flawed, but it has been heavily promoted by DJ/NWS and SPGI (in the US and abroad). Walter Cronkite famously said that he just reported DJIA in his dail…
Bull Market Watch
Major indexes bottomed at different times in 2022, & their status in 2023 are also quite different.
DJIA +17.89% (low in 10/2022)
SP500 +20.04% (low in 10/2022)
Nasdaq Comp +29.62% (low in 12/2022) (was +19.46% in 02/2023)…
Here are the Auction Announcement and Results for the 17-wk auction 0n 6/7/23. I posted via phone before and then these were downloads only, not URLs. In Treasury auctions, ALL noncompetitive (retail) orders are filled - fill or kill isn't necessary…
Doesn't seem reopened T-Bill. Cannot post result pdf now, may be later.
https://www.treasurydirect.gov/auctions/announcements-data-results/announcement-results-press-releases/previous-announcements-and-results/
