Buy-Side Firms Feeling Less Rah-Rah About Economic Growth
Sentiment survey finds positive sentiment drops to 48% from 67%.
Market Moves
Straw in Wind? Near-Junk Ratings Dominate US Corporate Bonds
Baa–rated issues reach record, although defaults at this stage are not worrisome, Moody’s data indicates.
Why Index Fund Creator Jack Bogle Hated ETFs
The late Vanguard founder was best known for passive investing. But he decried its offspring, exchange-traded funds, as an abomination.
How Big a Year Was 2018 for Shareholder Activists? Very
M&A was the largest motivator, as a record number of campaigns were launched.
Seth Klarman Outfoxes Wildfires with Canny Insurance Bet on Utility
Billionaire hedge fund operator offsets equity stake in woebegone PG&E with purchase of liability claims against it.
US Economic Expansion Will Be the Longest in History, Bob Doll Says
Nuveen’s veteran stock strategist thinks it will surpass the 1990s’ record by summer.
Market Shrugs at Government Shutdowns, Sam Stovall Says
Historically, the S&P 500 has been flat when federal functions grind to a halt, and the index is up 7.5% since the latest closure.
CFOs Expect a Recession by 2020, Deloitte Says
Survey finds 55% of corporate financial chiefs expect a downturn, a marked decline in optimism.
Jerome Powell: Stock Market Poison
Under Federal Reserve chief, the S&P 500 has a history of selling off when the policymaking body meets.
Alan Greenspan Sees Big Market Trouble Ahead
Though he has been wrong before. Remember ‘irrational exuberance’?
Sam Stovall: Expect a Slowdown, Not a Recession
CFRA’s market guru sees nation avoiding both an ‘EPS recession’ and an economic one.
Danica Pension Sells Off Swedish Unit
Move follows recent money laundering investigation.
Bristol-Myers Squibb Closes US Retirement Plan
Pharmaceutical firm to transfer $3.8 billion in US pension liabilities to annuity.
Sweden’s AP2 Sees a Green Bond Explosion in Public Sector
The country’s state pension buffer says government institutions should swap fossil fuels for alternative energies in the next 10 years.
HSBC UK Pension Plan to Invest $328 Million in Renewables
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.