Halfway Between Double or Nothing

The official numbers aren't in yet but it looks like 2015 ended without a bang for US markets.  The S&P 500 managed somewhere around 1% total return and the Barclay's Aggregate ended up about .5% -- nothing worth getting excited over. Of course, across the globe and everywhere in between there were substantial divergences in … Continue reading Halfway Between Double or Nothing

Has Janet Lost Her Patience?

Speculation has been rampant about when Janet Yellen and the Federal Reserve will finally begin raising interest rates.  Last month all the buzz was focused on whether Yellen would drop the word "patient" (with respect to rate increases) from her scheduled Fed policy statement.   She did, and ever since strategists and traders all up … Continue reading Has Janet Lost Her Patience?

Bill Gross’ Departure from PIMCO

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 has seen negative outflows for 16 … Continue reading Bill Gross’ Departure from PIMCO