Trading News Today


 

Succinct Summation of Weeks Events 5.19.17 [0.14]

Posted on May 19, 2017, 8 p.m. by The Big Picture @ [source]

Succinct Summations for the week ending May 19th, 2017.

The index of leading indicators rose 0.3%.

 

When automobiles first debuted in the United States, they faced a classic “chicken and egg” problem. With many new Model Ts hitting the road, the United States government was able to generate enough revenue from gasoline taxes to enable the sustainable development of roads in the United States.

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I get asked all the time by friends and investors the same question. And I don’t have a good, single answer.

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Senators Warn About Shelving Fiduciary Rule [0.12]

Posted on May 19, 2017, 6:30 p.m. by HOME @ [source]

Washington (Reuters) – Three U.S. Democratic senators on Friday raised concerns over the possibility that President Donald Trump's administration will permanently shelve the "fiduciary rule," aimed at preventing brokers from recommending inappropriate retirement investments.

The most senior Democrat on the Senate committee overseeing pensions, Washington's Patty Murray, and two of the party's liberal stars who advocated for the rule, Cory Booker and Elizabeth Warren, wrote to newly confirmed Labor Secretary Alexander Acosta about reports that he was looking for a way to freeze the rule and make it "stick.

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ETF Watch: JP Morgan Launches Bond Fund [0.10]

Posted on May 19, 2017, 5 p.m. by HOME @ [source]

Today J.P. Morgan is rolling out an actively managed ETF that targets the “ultra-short-term” portion of the USD-denominated investment-grade debt space. The stated goal of the JPMorgan Ultra-Short Income ETF (JPST) is to provide current income while achieving low volatility of principal, according to the prospectus.

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The first article of the series showed that the factor returns realized by mutual fund managers can be very different from the returns investors might expect based on the funds’ factor loadings. This may be contributing to many of the new live factor strategies faring as poorly as they are, even though the periods over which their performance is being measured are too short to draw any meaningful conclusions.

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Friday links: a bloated piece of junk [0.20]

Posted on May 19, 2017, 3:01 p.m. by Abnormal Returns @ [source]

Tadas Viskanta is the founder and editor of Abnormal Returns since its 2005 launch. He is also the author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.

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Feel the Churn [-0.03]

Posted on May 19, 2017, 2:18 p.m. by Jay On The Markets @ [source]

As a semi-mindless trend-follower blithely riding a bull market I hate to sound like the “boy who cried wolf”. In fact I wish I had written about it before the market plunge the other day.

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Ultimate Cognitive Bias Survival Guide [0.21]

Posted on May 19, 2017, 2 p.m. by The Big Picture @ [source]

How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

He is richest who is content with the least, for content is the wealth of nature.

 

Renaissance Requires Reinvention [0.12]

Posted on May 19, 2017, 1:26 p.m. by The Reformed Broker @ [source]

One of the best stock picking newspaper columns, the Wall Street Journal’s Ahead of the Tape, is winding itself down.

Similar to being a stock picker, taking a view on a specific company ahead of its results is fraught with risk.

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Podcast links: wisdom and frugality [0.20]

Posted on May 19, 2017, 1:18 p.m. by Abnormal Returns @ [source]

Tadas Viskanta is the founder and editor of Abnormal Returns since its 2005 launch. He is also the author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.

Abnormal Blogosphere Frontlines investment returns strategies winning

 

This Trump ETF Trade Completely Unwinds [0.10]

Posted on May 19, 2017, 1:15 p.m. by HOME @ [source]

Swirling controversy about President Trump's conversations with ex-FBI director James Comey sent stocks and interest rates spiraling lower this week. Not only has it reversed course, but the U.S. dollar has completely erased all of its gains since Election Day.

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Security issues may represent the greatest obstacle to growth of the Internet of Things.

Over the past few years, the Internet of Things (IoT) has captured headlines across the world, with newspaper and magazine articles describing its potential to transform our daily lives.

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As many of you probably already know (it seems a large portion of our audience either has a PhD or a CFA), the CFA Institute’s Annual Conference is coming to Philadelphia this year.

The 70th CFA Institute Annual Conference will bring 1500 CFA® Charterholders from its 148 societies across the globe to Philadelphia for a four-day event from May 21-24 at the Pennsylvania Convention Center.

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When I buy a stock, I do more than just weigh the pros and cons on a proverbial scale and see which side is heavier. And if the conditions or factors you have to bet against became more compelling, having that information would make the decision to buy a lot easier — and faster.

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US Business Cycle Risk Report | 19 May 2017 [0.03]

Posted on May 19, 2017, 11:12 a.m. by The Capital Spectator @ [source]

Political uncertainty for the US is on the rise, but economic risk remains low. The Economic Trend and Momentum indices (ETI and EMI, respectively) continue to print at a moderately elevated levels, holding on to gains that unfolded in previous months.

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Businessweek asks the ultimate business question about a businessman who became “CEO president” promising to run the country like a business, as he did with all of his personal businesses: Would You Let Trump Run Your Company? His “business acumen” if we can call it that was using the 2012 run for president as a cynical branding exercise, which led to huge licensing dollars afterwards.

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1970 Maserati Ghibli Spyder [0.22]

Posted on May 19, 2017, 10 a.m. by The Big Picture @ [source]

I was never a big Maserati fan, but this Ghibli Spyder is quite lovely.

This stunning Maserati Ghibli Spyder was delivered to its original owner, an airline pilot, in Rome, Italy.

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Crowd Surges Predict Negative Returns? [PREMIUM] [None]

Posted on May 19, 2017, 10 a.m. by CXO Advisory @ [source]