Bill Gross’ Departure from PIMCO

A guest post by Wei Trieu. On September 26, 2014, Bill Gross announced his sudden departure from PIMCO, the firm he co-founded in 1971. This shake-up comes at an already troubling time for the investment company after the heir apparent, Mohamed El-Erian, announced his resignation earlier in the year. The firm’s flagship Total Return fund … Continue reading Bill Gross’ Departure from PIMCO

The End is Near

After almost six years and over $4.4 trillion in asset purchases, the Federal Reserve plans to end its unprecedented monetary policy known as quantitative easing, or “QE,” in November 2014. Though the end of QE has been widely anticipated, the actual termination of the policy represents a major turning point for financial markets, a point … Continue reading The End is Near

More Than Camaradarie

Those who follow BCM know that I've been watching Russian equities for some time.  In the past, I've joked that Russia has more to offer than just stiff vodka and camaraderie -- but it's true.   For example, Russia has vast deposits of natural resources including coal, timber, minerals, and natural gas.  A little-appreciated fact … Continue reading More Than Camaradarie

A Complicated Relationship

Many people talk about how interest rates can affect bond prices.    However, rates can also affect stock prices.  Here's a quick summary of the reasons behind that relationship Interest Expense: Interest rates represent an expense for any company that uses credit. As interest rates rise so do the costs of borrowing. All else equal, … Continue reading A Complicated Relationship

Latest Investor Letter

BCM is pleased to share its latest Investor Letter with you.  These provide BCM's perspectives on economic and market conditions.  You may access an archive of letters and other content at BCM's website, http://www.bellwethercm.com. The BCM Team This blog is for informational purposes only. Nothing on this blog represents advice. Investing is inherently risky and … Continue reading Latest Investor Letter