How One Billionaire's Bet On LyondellBasell Turned Into The Greatest Deal In Wall St. History
Billionaire financier Len Blavatnik's bet on
LyondellBasell has netted him a personal profit of
nearly $8 billion. He says there's more to come.
Passports And Payout Ratios: How One Fund Chases Dividend Growth Around The World
While yield hunters have pretty much picked over U.S. stocks, Forward International Dividend Fund's managers continue to find keepers in distant lands.
The Week Ahead: Will Bond Fund Holders Be Singing the Blues?
The stock market finally got hit last with its first heavy round of selling since early February. The Dow Industrials gave up its gains for the year. It had been lagging the other market averages like the S&P 500 and Nasdaq Composite all year.
So far, this does not appear to have shaken the confidence of most investors but as I discuss in the What to Watch section, investors are likely to see further selling before we get another low risk buying opportunity.
There seems to be a more important shift going on in the market that would have more important implications for most investors. In last week’s column, I noted that the yields on junk bonds had broken their downtrend (see chart) and, a week ago, $4.8 billion was yanked out of high yield bond funds.
There were signs that the bond market may have bottomed last week as I recommended two inverse bond ETFs. It will take several weeks, if not more, before a bottom is confirmed but the timing dovetails nicely with the generally stronger economic data.
Chasing yields has been the best and most popular strategy for the first half of the year. Recent data indicates that Chinese buying has played a large role in the sharp decline in the 10-Year T-Note yields this year.
Argentina Defaults On Its Debt....Again
The recent Argentine debt default has many tentacles and its effects could be far reaching. Moreover, this is the second default from this South American country in the past 13 years. Learn more about Argentina's economy, financial markets, and who is affected, including mutual funds and hedge funds!
Latest 13-F Filers Hold General Electric
At Holdings Channel, we have reviewed the latest batch of the 29 most recent 13-F filings for the 06/30/2014 reporting period, and noticed that General Electric (NYSE: GE) was held by 16 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Buy The Dip, Bail Out, Or Just Worry?
Here we are in August and the debate still continues as to whether the promised bounce-back from the winter slowdown took place, or if the economy is in an ongoing slump.
Weekly Market Wrap: August 1, 2014
The thirty first trading week of 2014 comes to a close with US markets flat to lower in late afternoon trading.