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Is The 60/40 Portfolio Mix Still In Vogue?

The 60/40 portfolio came about to generate growth and income through equity, to use bonds for income and to dampen the volatility of stocks. As the stock and bond markets see declines, has the 60/40 allocation outlived its usefulness? Portfolio diversification should still mitigate risk and capture returns. The classic 60/40 portfolio, consisting of 60% […] The 60/40 portfolio came about to generate growth and income through equity, to use bonds for income and to dampen the volatility of stocks. As the stock and bond markets see declines, has the 60/40 allocation outlived its usefulness? Portfolio diversification should still mitigate risk and capture returns. The classic 60/40 portfolio, consisting of 60% stocks and 40% bonds, has served investors well over the years. A very basic 60/40 allocation, which includes international securities, might consist of the SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) combined with the Vanguard Total International Bond ETF (NYSEARCA:BNDX). .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. While it’s not nearly as efficient and doesn’t offer true global diversification, plenty of U.S. investors achieve a 60/40 mix using the SPDR S&P 500 ETF (NYSEARCA:SPY) and the iShares Core US Aggregate Bond ETF AGG (NYSEARCA:AGG), which hold domestic stocks and bonds, respectively. Broad Diversification Performed Better The chart shows a broadly diversified 60/40 portfolio, represented by the DFA Global Allocation 60/40 Portfolio (DGSIX) compared to SPY in 2022. You can see how the diversified portfolio has outperformed U.S. large caps. A 60/40 portfolio generates growth and income on the equity side and uses bonds for income and to dampen the volatility of stocks. The latter function, in particular, helps preserve capital. As stock and bond markets see declines, has the 60/40 allocation outlived its usefulness? Depending on the specifics of the allocation, some 60/40 portfolios were down 20% at one point in 2022. As stocks and bonds both regained some ground in November and December, that decline now ranges between 11% and 12%. Investments don’t go up every year, and to believe so would be unrealistic and disappointing. Still Viable in Today’s Market? Many investors and financial advisors question whether that particular mix remains viable. Portfolio diversification is still necessary to mitigate risk and capture returns from multiple equity and fixed-income asset classes. For pre-retirees, the 60/40 allocation often makes sense, but investors must consider their risk tolerance, time horizon and income needs. It’s not sufficient to say a portfolio’s goal should be "making as much money as possible." One deterrent to the traditional asset mix is the current low-interest rate environment, which makes bonds less attractive, particularly when compared to yields from less than a decade ago. In some cases, that could mean that bond substitutes such as annuities may be an appropriate mix as long as you understand the products you purchase. Other Ways to Get Yield Other vehicles for yield include liquid real estate investment trusts, such as the Schwab U.S. REIT ETF (NYSEARCA: SCHH). REITs, by law, pass income through to shareholders. Master limited partnerships, which are frequently found in the oil and gas industry, also offer reliable income. For example, the Alerian MLP ETF (NYSEARCA: AMLP) is the largest MLP ETF, and like REITs or individual MLPs, provides a dividend. On the equity side, investors can allocate into small caps and international stocks to include broad diversification beyond just the familiar large names tracked by the S&P 500. The percentage of domestic small caps could be rebalanced up or down, depending on market conditions. Whatever actual assets you choose, the allocation of equities to fixed income can be adjusted to match your personal goals. The 60/40 is not the only option, although it has become a baseline because it tilts toward equities and still tracks a significant percentage of fixed-income assets. Allocations in Addition to 60/40 A younger investor, or one with a reliable income from other sources, such as a pension or annuities, could tilt more toward equities, with a 70/30 stock-to-bond ratio. A more conservative investor who needs income and capital preservation more than growth could choose a 30/70 bond-to-stock portfolio. Investors with a longer time horizon and who can handle more risk should remain skewed toward equities. It often seems counterintuitive, but when markets are in a downtrend, it’s a good time to implement a “buy low, sell high” strategy. You can do that by purchasing stocks trading at lower valuations. It’s also crucial to avoid panic selling, which locks in losses and means you may have an even tougher hill to climb when attempting to get back to an even portfolio. Should you invest $1,000 in SPDR Portfolio MSCI Global Stock Market ETF right now? Before you consider SPDR Portfolio MSCI Global Stock Market ETF, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SPDR Portfolio MSCI Global Stock Market ETF wasn't on the list. While SPDR Portfolio MSCI Global Stock Market ETF currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Kate Stalter, MarketBeat.....»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Three CBD Stocks To Dominate A Budding Industry

Charlotte’s Web is the largest U.S. publicly traded pure play on CBD.  Cresco Labs is a diversified integrated cannabis company and a leading multistate operator.  Jazz Pharmaceuticals and its subsidiary have the only FDA-approved CBD drug on the market.  The CBD industry has faced its share of hurdles but one thing is clear: It is […] Charlotte’s Web is the largest U.S. publicly traded pure play on CBD.  Cresco Labs is a diversified integrated cannabis company and a leading multistate operator.  Jazz Pharmaceuticals and its subsidiary have the only FDA-approved CBD drug on the market.  The CBD industry has faced its share of hurdles but one thing is clear: It is here to stay and should grow at a high double-digit compound annual growth rate (CAGR) for the next six years or more. As of 2021, the CBD industry was valued at just over $12.8 billion and is expected to grow at a 20% CAGR through 2028. That’s a gain of 250% over the next six to seven years and the estimates could be low. Sales of CBD products accelerate as the industry deepens its penetration and consumer awareness grows. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. At the end of 2021, up to 30% of all Americans had tried CBD and the number continues to grow. As of November 2022, more than 60% of all Americans think CBD is safer than alcohol and 26% use it on a regular basis.  The biggest hurdle to CBD industry growth? Federal regulation, despite legalization in the 2018 Farm Bill, but not in the way you may think. In many cases, its uses are medicinal in nature and that brings in the FDA. CBD products cannot be labeled to make consumers believe they have medicinal qualities, even though many consumers use them for that reason. You may want to keep an eye on CBD stock like Charlotte's Web, Cresco Labs and Jazz Pharmaceuticals for their market-shattering capabilities.  Charlotte’s Web: The Largest U.S. Pure Play  Charlotte’s Web (OTCMKTS:CWBHF) is the largest CBD pure play in the U.S. and a publicly traded company. The No. 2 through No. 5 players are all privately held. Charlotte’s Web was founded in 2013 to help alleviate people's pain and suffering. Created specifically as a vehicle to help Charlotte Figi, who suffered from a rare form of epilepsy, its products are CBD-specific and wellness-oriented. The company’s revenue should top $75 billion in 2022, which is down on a year-over-year (YOY) basis but growth should resume in 2023. Profitability remains the biggest hurdle for this business but that is due in large part to reinvestment in the business and the development of new products.  Price action in Charlotte’s Web retreated to an all-time low below $1 in 2022 but analysts still rate the stock as a "buy." The four analysts with current ratings render the MarketBeat consensus as a "moderate buy" with a price target above $1. That implies a gain of nearly 85% and it could be just the beginning as the use of CBD and CBD regulatory approvals gain traction.  Cresco Labs and CBD Exposure  Cresco Labs (OTCMKTS:CRLBF) is not a pure play on CBD by a long shot but it is one of the leading U.S. multi-state cannabis operators. In terms of scale, the company has operations in 10 states, operates 50 dispensaries, grows cannabis in 28 cultivation/production facilities and serves over 1,000 wholesale clients. The company’s revenue should top $900 million in fiscal 2023 and hit the $1 billion mark by 2025, so profitability is at hand. The added benefit to investors is the exposure to the medicinal and recreational THC markets, which should get a substantial boost from federal legalization at some point in the future. Jazz Pharmaceuticals Has FDA Approval  Jazz Pharmaceuticals (NASDAQ:JAZZ), through its subsidiary, GW Pharmaceuticals (NASDAQ:GWPH), has the only licensed CBD-based drug in the U.S. The drug, Epidiolex, was approved in 2018 for epilepsy treatment. Sales of Epidiolex topped $463 million in 2022 and were up 22% YOY in Q3 2022 and about 12% of total revenue. Because the company recently expanded the scope of its GW-based cannabis platform, the odds are high that the company will come up with another winner.  Should you invest $1,000 in ETFMG Alternative Harvest ETF right now? Before you consider ETFMG Alternative Harvest ETF, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ETFMG Alternative Harvest ETF wasn't on the list. While ETFMG Alternative Harvest ETF currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat.....»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Fed Minutes Set Mood On Wall Street For Rest Of 2022

The Federal Reserve’s minutes of their last meeting add fuel to increasing market excitement, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations. The bullish observation from deVere Group’s Nigel Green comes as the meeting minutes released Wednesday suggest that official data from the U.S. central bank […] The Federal Reserve’s minutes of their last meeting add fuel to increasing market excitement, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations. The bullish observation from deVere Group’s Nigel Green comes as the meeting minutes released Wednesday suggest that official data from the U.S. central bank earlier this month concluded that smaller interest rate increases should happen soon. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Fed Minutes Set Mood For Rest Of 2022 He says: “The minutes give markets more of a picture about where the central bank of the world’s largest economy is headed.  “It seems that the Federal Open Market Committee (FOMC) is heading toward stepping down to a 0.5 percentage point increase in December, following four consecutive 0.75 percentage point hikes.  “This suggestion of smaller rate rises to come will certainly buoy stock markets, although the immediate positive impact will be muted somewhat by lighter-than-usual trading volumes because of Thanksgiving holiday on Thursday. “The FOMC has been keen to stress that the fight against inflation is not over yet and we expect rate rises to continue well into 2023, but the slowing of the pace of the hikes will add fuel to increasing market excitement.” Ahead of the Fed minutes being published, the deVere CEO predicted that the year ahead promises to be much more positive for markets, after the turbulence of 2022.  He cited four main reasons:  inflation peaking in most major economies, low valuations providing buying opportunities for investors, the growing digitalization of business models, and the peaking of the dollar’s strength. Nigel Green concludes: “The Federal Reserve won’t meet again until the next rate-setting meeting in mid-December, but with stock markets being forward-focused, these latest minutes will pretty much set the mood until the end of 2022.” About deVere Group deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

New Record: 41% Can’t Pay November Rent (Up 4%)

Alignable’s November Rent Report is out today and rent delinquency rates have escalated for the second month in a row in the U.S., breaking a new 2022 record: 41% of small business owners could not pay their November rent in full and on time. Reasons cited include the cumulative effects of inflation, rent hikes, higher […] Alignable’s November Rent Report is out today and rent delinquency rates have escalated for the second month in a row in the U.S., breaking a new 2022 record: 41% of small business owners could not pay their November rent in full and on time. Reasons cited include the cumulative effects of inflation, rent hikes, higher interest rates, the high cost of labor, and reduced consumer spending among others. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   iFrameResize({ log: false, checkOrigin: false }, '#icb_widget') This report is based on an Alignable pulse poll from 11/19/22 to 11/22/22 of 6,326 randomly selected small business owners, as well as historical data from another 100,000 respondents over the past year. Rise In Rent Delinquency Rates While Q4 is usually a time when small businesses bring in more revenue and rent delinquency rates drop, unfortunately, the opposite has occurred so far for many industries. November’s rate is four percentage points higher than last month’s was at 37%. And it’s 11 percentage points higher than September’s rate of just 30%. Here are a few more highlights: 52% say their rent is higher than it was six months ago (up 1% from Oct.) 73% say consumer spending is down this month compared to Oct., a jump of 14% from 59% last month. 44% of small retailers couldn’t pay their full rent (up 1%). 52% of small retailers expect they’ll earn less this quarter than they did in Q4 2021, with 1% saying they’ve already shut down, & 10% predicting they could close soon if their financial situation doesn’t improve. Only 8% say Q4’s been great. 57% of beauty salons couldn’t cover rent in Nov., a jump of 18% over Oct. 42% of independent restaurateurs couldn’t pay Nov. rent, which is still a high rate, but marks an improvement over 49% in Oct. The best news in this report comes from the travel/lodging sector, which is experiencing a major rebound: only 13% of SMBs in this category couldn’t pay Nov. rent, down from 34% in Oct. The top states for SMB rent delinquency in Nov. include MI (51%, up 19%), NY (49%, up 4%), MA (45%, down 6%), TX (43%, up 5%), CA (41%, down 3%), IL (40%, up 8%), OH (40%, up 18%), and NJ (38%, down 11%). In Canada, 45% of small business owners couldn’t pay their Nov. rent in full, up from 42% in Oct., and 41% in Sept. ON-based businesses are struggling the most with a rent delinquency rate of 45%, up 5% from Oct. BC & AB rent delinquency rates decreased a bit. To see the full report, go here......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

TCI Fund Management Pressures Alphabet To Cut Costs

What’s New In Activism – TCI Fund Management At Alphabet Google’s parent company Alphabet Inc (NASDAQ:GOOGL) faces pressure from activist TCI Fund Management to take action to cut costs. TCI issued a letter last Tuesday to the board stating the cost base for Alphabet is “too high” and calling on management to take “aggressive action.” […] What’s New In Activism – TCI Fund Management At Alphabet Google’s parent company Alphabet Inc (NASDAQ:GOOGL) faces pressure from activist TCI Fund Management to take action to cut costs. TCI issued a letter last Tuesday to the board stating the cost base for Alphabet is “too high” and calling on management to take “aggressive action.” if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   "The company has too many employees and the cost per employee is too high. Management should publicly disclose an EBIT margin target, substantially reduce losses in Other Bets and increase share buybacks," the statement argued. The activist stated Google's Search business has high operating leverage and is not labour intensive. It further highlighted total expenses grew by 18% year-over-year in the third quarter, while revenue grew by "only" 6%. Activism chart of the week So far this year (as of November 18, 2022), globally, activists have initiated 184 campaigns at financial services companies. That is compared to 141 campaigns in the same period last year. Source: Insightia | Activism What’s New In Proxy Voting - ACCR Criticizes MCA The Australasian Centre for Corporate Responsibility (ACCR) urged institutional shareholders in major mining companies to "take a stand" against the Minerals Council of Australia's (MCA) recent threat to launch a political advertising campaign against "bad policies." In last Friday's announcement, the ACCR criticized the MCA's "threat" to fund an anti-Labor advertising campaign against "bad policies" such as a potential windfall profit tax on coal exports, which would prevent companies from profiting from the war in Ukraine, among other things such as bringing down budget deficits. The MCA argued in an October 11 statement that "a tax on mining will put Australia's economic recovery at risk, and hurt the very people the government is trying to help: Households and small business owners." ACCR Climate Lead Harriet Kater argued that "this recent threat to the Government's policy agenda – which of course includes its climate policies – is brought to you by BHP, Rio Tinto, and South32." Voting chart of the week So far this year (as of November 18, 2022), U.S. companies have received an average of 89.7% support for their advisory pay votes. This compares to 94.1% for U.K. companies. Source: Insightia | Voting  What’s New In Activist Shorts - J Capital Research v Lake Resources J Capital Research doubled down on its claim that Australian lithium miner Lake Resources N.L. (ASX:LKE) has been misleading investors in order to pump up its share price. The short seller issued its first report on Lake on June 7, accusing the company of paying financial advisory businesses to produce favorable research to boost the stock as company insiders sold shares. In an update last Thursday, J Capital said it made a Freedom of Information Act (FOIA) application to the U.K. government to verify Lake's claim that it has "confirmed" funding from UK Export Finance (UKEF), United Kingdom's export credit agency. "These documents seem to reveal that Lake has made statements that are incorrect about the expression of interest (EOI) from UKEF," J Capital wrote. "UKEF says that Lake is just at the start of the application process." Shorts chart of the week So far this year (as of November 18, 2022), 69.5% of public activist short campaigns have been at U.S.-based companies. That is up from 62.8% in the same period last year. Source: Insightia | Activist Shorts Quote Of The Week This week's quote comes from Jeff Sanders, vice chairman and co-managing partner of the global CEO & Board of Directors Practice, after Heidrick & Struggles released its Route to the Top report. Read our coverage here. “As the pandemic wanes, boards, and companies are looking beyond the traditional steppingstone roles of COO and CFO for their next leader.” – Jeff Sanders.....»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Could Bitcoin’s Movements Indicate the Fall of Junior Gold Stocks?

While comparing gold and bitcoin gives some idea of the patterns in the market, can the slide of junior miners be predicted by the same method? Those of you who have been following my analyses for a while may be expecting me to write that it is based on the stock market’s rally and thus […] While comparing gold and bitcoin gives some idea of the patterns in the market, can the slide of junior miners be predicted by the same method? Those of you who have been following my analyses for a while may be expecting me to write that it is based on the stock market’s rally and thus only temporary, as miners will follow gold sooner rather than later. That’s their ultimate source of revenue (current or expected). While that’s true, right now there is another huge factor that’s likely contributing to the situation. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   It's most likely the unfolding crypto-drama. Remember when I previously commented on the link between juniors and cryptocurrencies? What I wrote back then was particularly important with regard to the less known (obscure?) ones with a shady background. In fact, some even call them “shitcoins.” I wrote that for many individual investors, cryptocurrencies became the “new precious metals market.” Alternative payment system? Just like gold, right? There’s a flagship asset (gold, Bitcoin). There’s a less expensive but obviously more useful asset (silver, Ethereum). There are a number of little-known assets that are risky but have the potential to provide massive returns (high-quality mining stocks, low-quality mining stocks, especially low-quality junior mining stocks, altcoins, "shitcoins"). While gold was not doing much, the wild rallies in cryptos got much more attention. That was finally exciting! So, individual investors flocked from the precious metals market to cryptos. Not all investors, of course, but many. While cryptos were on the rise and the overall sentiment was positive, investors dropped their PM holdings to buy cryptos as they forecasted that the latter would continue to rally “to the moon.” And while it didn’t matter that much for gold, as the yellow metal has powerful buyers and sellers that are not interested in cryptos, it mattered a lot to the junior mining stock sector as the buying power waned. Fast-forward to the current situation, every other day we hear or read about yet another crypto scandal, while prices of cryptocurrencies are declining sharply. Comparing Bitcoin And Gold Prices This means that the above-mentioned effect could have been reversed. The investors who moved out of the junior mining stock sector in order to get into cryptos (in particular altcoins) could now be aiming to get out of that market (people tend to sell on declines, in fact, that’s why declines happen in the first place) and get back to what they “had liked” before – junior miners. This specific phenomenon can be seen from a broader point of view when one compares the prices of gold and bitcoin. As I wrote, the link is likely stronger in the case of altcoins and juniors, but gold and bitcoin have price data that’s more comparable, so that’s what I’m going to analyze. Even though both gold and bitcoin moved higher between 2014 and now, they quite often moved in opposite directions in the short run. Short-term bottoms in gold, in particular, were usually followed by (larger or smaller) declines in bitcoin. Interestingly, I originally featured the above chart many months ago, and please note that this tendency worked like a charm recently. Gold formed a short-term bottom, rallied, and now Bitcoin slides. Why? Probably because people were fed up with Bitcoin’s inability to hold its ground, while gold soared. So they flocked to gold, silver, and - probably most intensely so - to junior mining stocks. All right, so does this mean that as Bitcoin slides into the abyss, junior miners are now going to soar? No. No market moves up or down in a straight line, right? Well, neither does Bitcoin. How low is too low, then? That’s where technicals come in. Remember when I wrote that Bitcoin was topping at about $50,000? Well, it did move a bit above that, but it didn’t trade there for long. The flagship crypto fell like a stone in water, and it did so in tune with the technical principles. Bitcoin formed a bearish head and shoulders top pattern, and after breaking below the neck level earlier this year, it then corrected a bit, and then it plunged below $20,000. All this is a textbook-example of how a head and shoulders pattern should work. Now, the size of the decline based on this pattern is likely to be equal to the size of its head. I marked that with dashed lines. Guess what – Bitcoin just moved to this target level (marked with green) recently. That is a strong indication that the bottom has been reached. The second indication comes from the huge volume that just accompanied the decline and the fact that the decline was quite sharp. The ROC (rate of change) indicator at the top of the above chart is close to -25 and when this happened and bitcoin was after a huge-volume decline, it then rallied. What is even more interesting is that those were also the times when gold declined. The sentiment itself is the final indicator that a short-term (!) bottom for bitcoin is in or near. Just go to any news website and look at what is being written about Bitcoin – it’s all scary and bearish. Or at least the majority of news/articles. That's what happens when prices fall to their lowest point. Remember what was written on those same pages when bitcoin was trading above $50,000? It was all sunshine and rainbows. All this time, I warned about the incoming slide. Very few listened then, just as very few want to hear about the upcoming slide in junior mining stocks. Anyway, here’s how frequently people search for “crypto scam” on Google (chart courtesy of Google Trends). The other distinctive peaks in those searches were in May 2021 (a major top and major decline in Bitcoin), early November 2021 (a major top in Bitcoin), and the end of January 2022 (a major bottom in Bitcoin). The interest was this high only when there were major turnarounds in Bitcoin. And since it’s crystal clear that the previous move in Bitcoin was to the downside, it can’t be a top. Therefore, it’s likely that there’s a major bottom in Bitcoin. Not necessarily the final one, but a major one for some time. A bottom that’s big enough to trigger a sizable rally in Bitcoin… And a sizable decline in the precious metals sector! It’s easy to follow the herd. “Miners good, Bitcoin bad” is the current word out there. It’s also easy to repeat this mantra. But what’s easy and what’s profitable are rarely the same thing, which is why many tend to lose money over time. I’m not saying that each and every price move can be predicted – it can’t. However, as time goes on, following logical analysis and paying attention not to follow the herd often pays huge dividends. My responsibility is to keep you up to date on my market views, which I strive base on logical analyses free of bias. Whether it’s possible for a human to achieve this kind of objectivity is another question, but, as much as I can, I aim to deliver analysis that’s as objective as possible. Right now, the way I see it, Bitcoin appears to have formed a short-term bottom, and mining stocks have either formed a short-term top or are about to do so soon. Of course, I can’t make any guarantees, but in my view, the next move lower in the precious metals sector – especially in the junior mining stocks – is likely to be something epic. Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today. Przemyslaw Radomski, CFA Founder, Editor-in-chief Sunshine Profits: Effective Investment through Diligence & Care All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Halfords – Weaker Consumer Puts Pressure On Full Year Guidance

Halfords Group plc (LON:HFD) has reported first half revenue of £765.7m, on a three-year basis that represents growth of 31.3% or 13.3% when looking at a like-for-like comparison. Revenue growth was driven by the Autocentres business segment, with growth both organic and acquisition based. Service based sales at the group level now account for 42.6% […] Halfords Group plc (LON:HFD) has reported first half revenue of £765.7m, on a three-year basis that represents growth of 31.3% or 13.3% when looking at a like-for-like comparison. Revenue growth was driven by the Autocentres business segment, with growth both organic and acquisition based. Service based sales at the group level now account for 42.6% of revenue. Year-over-year, underlying profit before tax fell £28.9m to £29.0m. Significant cost inflation, a fall in consumer confidence and a tough comparable period last year were all called out as reasons for the profit decline. Over a three-year period, the profit decline was £1.2m. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   The group’s delivered £10m in year-on-year cost savings over the half, expecting that figure to reach £20m by the year end – ahead of previous estimates of £15m. Full year underlying profit before tax is now expected at the lower end of the guided £65-£75m range. The board has declared an interim dividend of 3p. Halfords's Earnings “Halfords’ decision to focus on building its more reliable service revenue stream couldn’t have come soon enough, as consumers battling cost pressures are moving away from more discretionary spend. This trend’s particularly visible within Halfords once booming cycling division, where sales are coming back down to earth after the pandemic boom. Unfortunately for consumers, price hikes have been on the menu as a host of input costs have risen, with management warning further price rises might be needed next year. Looking to the core business, it’s service-based sales that are in focus as Halfords looks to execute on its strategy to bring in more reliable revenue streams. Progress is promising, with service sales expected to reach half of total sales by. Recent acquisitions, like Lodge Tyre, position the group as the largest commercial tyre business in the UK and with over 90% of its sales directly with businesses, it fits nicely with the strategic evolution. A slight weakening in the outlook for profit is never ideal, and markets have reacted badly, but weakness was bound to make its way through to performance given the scale of the macro challenges. Longer term, we’re supportive of the strategy shift, the old business was heavily reliant on cyclical revenue streams and recent changes increase exposure to more reliable sources of income – rarely a bad thing.” Article by Matt Britzman, Equity Analyst at Hargreaves Lansdown.....»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Survey Finds Most Online Shoppers Willing To Spend More Than They Planned On Black Friday If They Find Good Deals

Shoppers worldwide are looking forward to the end of this week, when heavy discounts on clothes, electronics, toys, and other goods are set to make Christmas shopping a little more affordable. Due to the high inflation, however, prices may not seem as attractive as last year. Still, millions take part in the Black Friday frenzy, […] Shoppers worldwide are looking forward to the end of this week, when heavy discounts on clothes, electronics, toys, and other goods are set to make Christmas shopping a little more affordable. Due to the high inflation, however, prices may not seem as attractive as last year. Still, millions take part in the Black Friday frenzy, and most shoppers are willing to spend more than they had planned if they find good deals. According to a survey conducted by BonusInsider, around 60 percent of online shoppers are willing to overspend, should they get a good discount. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Known as the unofficial start of the holiday shopping season, Black Friday attracts millions to brick-and-mortar and online stores, but the higher cost of living may take its toll on shoppers’ pockets and, as a result, on retailers’ revenues this year. Considering the high inflation rates over the past few months, the team at BonusInsider decided to explore online shoppers’ attitudes toward spending on this day. Methodology The survey was conducted online among 1,716 adults between 16 and 18 November this year, only a week before Black Friday and Cyber Monday, which comes right after the weekend. Black Friday has traditionally been the busiest day of the year for retailers in the United States, with some stores opening as early as 5 am. However, in recent years many customers prefer to shop online where it’s easier to compare prices and pick the best deals. For this reason, we only surveyed people who would be shopping online. Nearly 60% Willing to Spend More Than They Planned Despite countless warnings against overspending by experts both on TV and online, most shoppers are willing to disregard basic financial discipline when it comes to Black Friday shopping. Survey results show that 59.91% admit they would spend more than planned if they found good deals. Only 5% of Black Friday Shoppers Planning to Spend More than $1,000 When asked about their budget for Black Friday shopping, most people said they are planning to spend between $200 and $1,000 – roughly 39% have a budget of $200 to $500 and 34% will spend $500 to $1,000. Approximately 13% of online shoppers are planning to spend between $100 and $200. Those who will make low-cost purchases of up to $100 make up 8.9% of all respondents, while only 87 shoppers, or roughly 5.1%, are planning to spend more than $1,000 on Black Friday this year. Credit and Debit Cards Preferred by Majority of Shoppers Despite the wide variety of modern methods for paying online, traditional credit and debit cards such as Mastercard and Visa are still preferred by many when shopping on the Internet. The most preferred method is the credit card, picked by 543 respondents (31.64%) in the survey, followed by e-wallets and mobile wallets like PayPal, Cash App or Venmo, picked by 507 shoppers (29.55%). Another 344 respondents (20.05%) say they will use a debit card on Black Friday, while only 115 people (6.70%) choose to pay via bank transfer. An alternative to credit cards, the so-called BNPL (buy now, pay later) services are gaining popularity, although they’ve been around for just a few years. A total of 109 shoppers (6.35%) picked BNPL as their preferred payment method for Black Friday as they can pay for their order at a later date or spread payments over time, often interest-free. Others choose cash on delivery (3.7%) and various prepaid methods (2.04%) such as gift cards, prepaid vouchers, and digital cards. Discounts More Important to Black Friday Shoppers Than Brands This year’s inflation, reaching a 41-year high this past June in the US and exceeding 10% across most of Europe, has made shoppers more cautious of prices. Nearly 43% of respondents, 735 people, admit they will be shopping for the best deals on Black Friday, while only 639 say they will buy their preferred brands and products, regardless of the cost. 342 shoppers, roughly 20%, say the free shipping and return policies will matter more to them than the actual discounts they will get......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Stagflation: The Worse For Us, The Better For Gold

Stagflation is coming – and it could make the 1970s look like a walk in the park. As you’ve probably noticed, I expect a recession next year, and I’m not alone, as this has become the baseline scenario for many financial institutions and analysts. Even the DSGE model used by the New York Fed shows […] Stagflation is coming – and it could make the 1970s look like a walk in the park. As you’ve probably noticed, I expect a recession next year, and I’m not alone, as this has become the baseline scenario for many financial institutions and analysts. Even the DSGE model used by the New York Fed shows an 80% probability of a hard landing (defined as four-quarter GDP growth dipping below -1%) over the next ten quarters. Reasons? Inflation and the Fed’s tightening cycle. The history is clear: whenever inflation has been above 5%, the Fed’s hikes in interest rates have always resulted in an economic downturn. The key yield curve has recently inverted, which means that the most reliable recessionary indicator has started to flash red light. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Although the coming recession could decrease the rate of inflation more than I assume, given the slowdown in money supply growth, I believe that high inflation (although lower compared to the current level) will continue through 2023 and perhaps also in 2024 due to the excess increase in money supply during the pandemic. It means that recession is likely to be accompanied by high inflation, forming a powerful yet negative combo, namely, stagflation. If the calls for stagflation are correct, it suggests that the coming recession won’t be mild or short-lived, as it’s not easy to combat it. In the early 1980s, Paul Volcker had to raise the federal funds rate to above 17%, and later even 19% (see the chart below), to defeat inflation, which triggered a painful double-dip recession. During stagflation, there is a lot of uncertainty in the economy, and monetary policy becomes much more complicated, as the central bank doesn’t know whether to focus on fighting inflation, which could become entrenched, or rising unemployment. In a response to the Great Recession or the Great Lockdown, the Fed could ease its monetary policy aggressively to address declining aggregate demand and neutralize deflationary pressure. But if inflation remains high, Powell’s hands are tied. Some analysts argue that today’s financial imbalances are not as severe as those in the run-up to the 2007-2009 global financial crisis. Partially, they’re right. Commercial banks seem to be in much better shape. What’s more, inflation has reduced the real value of debts, and it remains much higher than many interest rates, implying that governments and companies can still issue very cheap debt. However, financial markets remain very fragile. A recent example might be the turmoil in the UK after the government proposed unfunded tax cuts that altered the price of Treasury bonds and negatively affected the financial situation of pension funds. The level of both private and public debt as a share of global GDP is much higher today than in the past, having risen from about 200% in 1999 to about 350% today. It means that the space for fiscal expansion will be more limited this time, and that the current tightening of monetary policy all over the world could have huge repercussions for the global economy. We’re already observing the first symptoms: the financial bubbles are bursting and asset prices are declining, reducing financial wealth and the value of many collaterals. This is why economist Nouriel Roubini believes that “the next crisis will not be like its predecessors.” You see, in the 1970s, we had stagflation but no debt crisis. The Great Recession was essentially the result of the debt crisis, followed by the credit crunch and deleveraging. But it caused a negative demand shock and low inflation as a result. Now, we could have the worst of both worlds – that is, a stagflationary debt crisis. Implications For The Gold Market What does it all mean for the gold market? Well, to be very accurate, nobody knows! We have never experienced stagflation combined with the debt crisis. However, gold shone both during the 1970s stagflation and the global financial crisis of 2007-2009, so my bet is that it will rally this time as well. It could, of course, decline during the period of asset sell-offs, as investors could sell it in a desperate attempt to raise cash, but it should later outperform other assets. To be clear, it’s possible that inflation will decline and we’ll avoid stagflation or that the Fed will blink and prevent the debt crisis instead of fighting with inflation at all costs, but one or another economic crisis is going to happen. When gold smells it, it should rebound! 2023 should, therefore, be much better for gold than this year, as the economy will be approaching recession and the Fed will be less hawkish. Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today! Arkadiusz Sieron, PhD Sunshine Profits: Effective Investment through Diligence & Care......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Wall Street Resilience, Pets At Home’s Profits Dented And Man U Sale

Stocks lift after retail stocks show resilience on Wall Street helping buoy wider markets. The Federal Open Market Committee minutes will be closely watched for inflation and interest rates guidance. Brent Crude rises, edging closer to $88 a barrel amid supply concerns. High energy costs and consumers putting off buying accessories dents Pets At Home […] Stocks lift after retail stocks show resilience on Wall Street helping buoy wider markets. The Federal Open Market Committee minutes will be closely watched for inflation and interest rates guidance. Brent Crude rises, edging closer to $88 a barrel amid supply concerns. High energy costs and consumers putting off buying accessories dents Pets At Home profits Manchester United shares soar on news of possible sale Celebrity endorsements will be part of the crypto probe on FTX collapse if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Wall Street Resilience A sprinkle of sugar in the form of more resilient retail numbers helped lift Wall Street, raising expectations that the US economy will emerge from the inflation fight without too much bruising. Investors had already registered repeated warnings from central bank policymakers that higher rates will linger for longer, so attention seems to be switching to how much the economy can be preserved from damage, in the meantime. So, the better than feared update from electronics chain Best Buy helped lift spirits and expectations for the all-important holiday shopping season. The Federal Open Market Committee minutes out later today will be closely watched for the latest thinking of Fed officials with hopes for a firmer guide on the range rates will rise to. Trading is expected to be flat at the open, and any indication that the Fed is wavering on going slower with rate rises in the future could cause a fresh slip in share prices. Oil prices have nudged higher, as OPEC+ member countries indicate that ongoing production restrictions are set to continue. Investors are also weighing up the supply side impact of a G7 plan to cap the price of Russian oil especially given that Russia has indicated it won’t sell crude to nations which support a price limit, adding to worries that fresh shortages could hit the global markets. A Dent In Profits For Pets At Home Higher energy prices are partly why the Pets at Home Group PLC (LON:PETS) update has put the cat among the pigeons but changing customer behaviour during the cost-of-living crisis is also behind the dent to profits. Rising costs pushed down underlying pre-tax profit by 9.3% with higher freight and energy bills taking their toll. Although essentials like cat litter and hygiene products have provided a sunnier spot of rising sales, people are clearly putting off highly discretionary spending on toys and fashion for pets with accessories spending down 3.5%. The group’s growing customer base does add resilience though because overall petfood sales grew by more than 15.1%. That’s helped keep full year guidance unchanged, with full-year profits still expected in line with expectations but until inflationary pressures ease there will be a distinct lack of cat nip in updates. Manchester United Sale The owners of Manchester United PLC (NYSE:MANU) are hoping the urge to shop will extend to those with very deep pockets. Speculation saw shares shoot up like a rocket rising 14% before the market close in New York and confirmation from the club prompted another 11% lift during after-hours trading. It’s expected there will be plenty of interested parties wanting to get a slice of the action whether through a partnership, full or partial sale, but it will come at a hefty price. Although the market capitalisation, implied by the share price is nudging $2.5 billion, its appraised value is coming in much higher at more than $4.5 billion given the level of interest expected. The chief executive and majority shareholder of Ineos Sir Jim Ratcliffe had already said he’d been interested in buying the club, but that at the time the family did not want to sell. It’s clear that this time they mean business, having  instructed the Raine Group, which helped broker $3.2 billion sale of Chelsea, as club's exclusive financial advisors. FTX Scandal Any hopes that a red and white knight fuelled on crypto gains might ride in to pay top dollar for Man U have evaporated though, as the FTX scandal has sent shockwaves through the industry. The latest revelations from lawyers picking through the detritus left after the collapse of the exchange shows that the company was run as a personal fiefdom of founder Sam Bankman-Fried. The discovery that one of the units spent $300 million on property in the Bahamas, a large chunk for senior executives and Bankman-Fried’s family shows that  governance was completely shot. Crypto speculators are still circling coins and tokens, picking up Bitcoin at what they see as a bargain price of just over $16,400, adding a little lift to the currency, but with regulators more inclined to wade in, there is likely to be fresh volatility to come. Now the focus is turning on the celebrities who were paid to be cheerleaders for FTX, and helped entice ordinary investors to part with their money. American footballer Tom Brady and Supermodel Gisele Bundchen are among the stars paid to promote the exchange.   The Texas State Securities Board has confirmed that celebrities endorsements would be part of the broader investigation into what went so wrong as it investigates potential security law breaches. Already Kim Kardashian has been fined more than $1 million for an Ethereum Max crypto promotion she took part in without disclosing to her millions of followers she had received money to do so. Regulators are clearly horrified at the damage superstar celebrities can do to the bank balances of vulnerable consumers, who are influenced by almost every move they make.  The delusions of quick riches can spread far too rapidly on social media with speculation amplified by reposts by millions of followers.’’ Article by Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.....»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Analysis Ranks Singapore, Berlin And London As The Top Locations For A Career In Fintech

Fluro has conducted an analysis to reveal which cities are leading the way in the fintech industry, as well as the top cities for a career in this sector November 2022: With the global fintech market set to reach a worth of $310 billion by the end of 2022, both businesses and consumers around the […] Fluro has conducted an analysis to reveal which cities are leading the way in the fintech industry, as well as the top cities for a career in this sector November 2022: With the global fintech market set to reach a worth of $310 billion by the end of 2022, both businesses and consumers around the world are tapping into this booming industry. But where exactly is leading the way and which locations are best for a career in this sector? if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. To reveal which city is the best for a career in fintech, Fluro has analysed 50 global financial hubs looking at the number of job opportunities, salaries, cost of living and quality of life. The study also examines these locations to find out where is the leading fintech hub. Singapore Named The Best City To Start A Career In Fintech, With Over 3,000 Fintech Jobs Available While Singapore came fourth on our list of fintech hubs, it has been crowned the best city for those looking to launch a career in this industry. There are 3,211 fintech job opportunities at an annual salary of £54,312 on average. The cost of living (before rent) is an estimated £840 per month. The top five cities for careers in fintech: Rank City Percentage of STEM Graduates in Country (%) Number of Fintech Job Opportunities Average Salary (£) Cost of Living (£) Quality of Life Score 1 Singapore 69.3% 3,211 £54,312 £839.97 158.34 2 Berlin 71% 1,148 £55,462 £775.82 169.95 3 London 46.8% 3,441 £62,175 £916.10 131.91 4 Frankfurt 71% 474 £63,289 £815.85 174.72 5 Tokyo 37.5% 2,897 £35,177 £842.05 166.17 Berlin places second, with a slightly higher average salary of £55,462, as well as a lower cost of living (£776) and better quality of life score (169.95 vs 158.34 in Singapore). There is plenty of talent to fill the 1,148 fintech job opportunities available in Berlin, with Germany having the highest percentage of STEM graduates (71%). London also ranks as the third best city to start a career in this sector. It has the most fintech career opportunities at 3,441 jobs, which is not surprising given the high number of fintech companies based here. San Francisco Is The Fintech Capital Of The World, With Over £200 Billion Of Funding The study also looked at other metrics to find out the overall fintech business hubs of the world, looking at the number of fintech companies, funding amounts, number of investors and unicorn firms. San Francisco leads the way with the highest amount of available funding at nearly £204 billion, as well as 4,326 investors and 46 fintech unicorns, beating every other city analysed. The top five fintech hubs include: Rank City Number of Fintech Companies Total Funding Amount (£) Number of Fintech Investors Number of Fintech Events Number of Fintech Unicorns 1 San Francisco 897 £203,971,253,283.16 4,326 41 46 2 New York 1,515 £122,154,498,085.60 3,521 49 35 3 London 1,866 £138,741,987,588.56 2,260 52 25 4 Singapore 612 £28,697,088,475.55 1,730 8 0 5 Stockholm 135 £117,666,066,176.33 410 3 1 New York ranks in second place and actually beats San Francisco when it comes to the number of fintech companies, with 1,515 registered. However, its total funding amount of £122 billion, 3,521 investors and 35 unicorns fall just short of the top spot. London takes third, boasting the greatest number of fintech companies at 1,866 (with 25 of them being unicorns). The capital also has more funding available than New York at just shy of £140 billion, making it second only to San Francisco. Plus, London is home to 52 fintech events – more than either New York (49) or San Francisco (41). With the number of fintech companies and investors multiplying rapidly, we look forward to finding out what the next decade has in store for the fintech world. Nick Harding, CEO of Fluro, commented on the findings: “The growth of the fintech market has accelerated over the past 10 years, largely due to technological breakthroughs, and it’s great to see hubs of expertise emerge across the globe for both businesses and individuals looking to work in this industry. Fintech companies have filled the gap left by traditional institutions that struggled to keep up with changing consumer behaviour. Efficient, timely and personalised services are more important than ever in the financial services space to secure a positive customer experience. As the industry continues to grow across the globe, now might be the time for businesses, consumers and future talent to get on board with digital finance.” About Fluro Fluro is an innovative embedded-lending platform with a track record of delivering positive change for customers. Pioneering real rates, which are now used by 10% of working-age people in the UK every year and are available to over 15 million British consumers via 20+ industry partners......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Alabama Unnecessarily Halts Third Execution Over Problems With Injections

Alabama Unnecessarily Halts Third Execution Over Problems With Injections; But There’s a Simple and Proven Solution to Stop the Many Legal Challenges Alabama Governor Orders State To Halt All Further Executions WASHINGTON, D.C. (November 23, 2022) – Alabama Governor Kay Ivey has ordered the state to halt all further executions; a decision made following the […] Alabama Unnecessarily Halts Third Execution Over Problems With Injections; But There’s a Simple and Proven Solution to Stop the Many Legal Challenges Alabama Governor Orders State To Halt All Further Executions WASHINGTON, D.C. (November 23, 2022) – Alabama Governor Kay Ivey has ordered the state to halt all further executions; a decision made following the recent cancellation of the execution Alan Eugene Miller because, after an hour of trying, prison personnel could not locate suitable veins for the lethal injection. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   This is reportedly the third consecutive lethal injection execution in Alabama to be riddled with problems and controversy, and there have been many more in the other states which execute murderers by lethal injection, and likewise suffered from a variety of problems with the injections. Indeed, Miller's was only the latest in a long string of bungled lethal injection executions. But there's a simple alternative to using lethal injections which would avoid all the problems with bungling injections and with meeting the new legal standard for executions, says public interest law professor John Banzhaf. This is important because the Supreme Court just held in June 2022 that murderers on death row can challenge their method of execution. Since the legal standard for challenging an execution is easily met with a well-recognized and generally accepted method for painlessly ending a life, the public should expect many more challenges to scheduled executions; including challenges, like many successful ones in the past, which significantly delay the imposition of justice, warns Banzhaf. An Alternative Method As Justice Elena Kagan explained in NANCE v. WARD, "In several recent decisions, this Court has set out rules for challenging a State’s proposed method of execution under the Eighth Amendment. To prevail on such a claim, a prisoner must identify a readily available alternative method of execution that would significantly reduce the risk of severe pain. In doing so, the prisoner is not confined to proposing a method authorized by the executing State’s law; he may instead ask for a method used in other States." Although this initial language might seem to suggest that a murderer challenging his execution may point only to an alternative measure already in use or authorized in a different state, other language strongly suggests that this other-state language is not a necessary requirement. For example, Kagan writes: "To succeed on that claim, the Court held in GLOSSIP, he must satisfy two requirements. First, he must establish that the State’s method of execution presents a 'substantial risk of serious harm'—severe pain over and above death itself. Second, and more relevant here, he 'must identify an alternative [method] that is feasible, readily implemented, and in fact significantly reduce[s]' the risk of harm involved." She goes on to write that In identifying an alternative method, the Court in BUCKLEW held, an inmate is “'not limited to choosing among those presently authorized by a particular State’s law.' The prisoner may, for example, 'point to a well-established protocol in another State as a potentially viable option.'" [emphasis added] The use of the word "may" clearly suggests that it is not a legal requirement for a challenge. Thus, if there is an alternative to using lethal injections to execute murderers which "reduce[s]” the risk of harm involved." the prisoner apparently may raise it to challenge his own execution, even if it is not authorized in a different state, argues Banzhaf. If, in fact, it is authorized to cause a painless death in one or more other states, that would simply make his argument and challenge stronger and more likely to be successful. The opinion went on to stress that the prisoner may challenge his execution even if it means a significant delay while the state, if it wishes and is able to do so, adopts by statute a new method of carrying out the death penalty; a step which gives death penalty opponents an additional opportunity to end executions. Thus the opinion states: "That remains true even where, as here, the proposed alternative is one unauthorized by present state law. Nance’s requested relief still places his execution in Georgia’s control. If Georgia wants to carry out the death sentence, it can enact legislation approving what a court has found to be a fairly easy-to-employ method of execution. Although that may take more time and effort than changing an agency protocol, Hill explained that the 'incidental delay' involved in changing a procedure is irrelevant to the vehicle question—which focuses on whether the requested relief would 'necessarily' invalidate the death sentence." Banzhaf notes that there is - and has long existed - a "readily available alternative method of execution" which would "significantly reduce the risk of severe pain," and one which is used in several states to cause legally sanctioned death. Using Injectable Drugs  The simple alternative, Banzhaf notes, and an alternative to using injectable drugs for executions generally - with the many legal and other challenges this method has faced, and will continue to face - is putting the condemned on the pill. Providing a condemned man with barbiturate pills to cause a quick and painless death - as is done in 'death with dignity' jurisdictions - is well tested, established, and accepted, does not require any trained personnel, and could avoid the many medical, legal. And other problems with lethal injections and other current methods of execution, including unexpected adverse reactions, possible pain, finding a suitable vein, etc. suggests Professor Banzhaf, who takes no position on the fundamental issue of capital punishment. Interestingly, Arizona has approved the use of barbiturates for executions, but oddly only if they are injected. Moreover, and more importantly, in at least eight states (California, Colorado, Hawaii, Maine, New Jersey, Oregon, Vermont, and Washington) and in the District of Columbia, physicians are permitted to prescribe barbiturate pills so that terminally ill (and often old and frail) patients can achieve death with dignity without any pain or other suffering. The pills for this purpose are readily available, do not expire quickly, do not require refrigeration as injectable drugs often do, nor do they cause adverse reactions to the elderly even though they are typically frail, and may also suffer from a wide variety of pre-existing medical conditions. "If this method of ending life is safe and appropriate for totally innocent and often frail elderly people with a wide variety of medical conditions who are seeking a quick and painless death with dignity, it should be more than good enough for murderers about to be executed for their crimes," Banzhaf argues. Since only a few grams of certain barbiturates are necessary to cause death, and pills are apparently much harder for drug companies to restrict than liquid injectable drugs, the amount necessary to cause a quick and painless death might be administered in the form of several easy-to-obtain pills offered by jailers to the murderer in the death chamber. Using these well-known, more readily available pills rather than injections or other methods for executions would probably mute most legal objections, avoid the major problems with injections highlighted by death penalty opponents, eliminate the need for medically trained personnel (who often refuse on ethical and/or professional grounds to give injections, or even to insert needles) to participate in executions, and have many other advantages, suggests Banzhaf. If the prisoner refuses to take the pills and/or cannot be forced to, or if he only pretends to swallow them, he can hardly complain about unconstitutional "cruel and unusual punishment," and/or about “a substantial risk of severe pain," if the state thereafter has no choice but to use lethal injections, or other arguably cruel or painful execution protocols, with all the possible risks involved. To paraphrase an old legal saying, the condemned had the key to his own freedom from pain in his own hands, says Banzhaf. In addition, since oral administration of pills takes longer for the drugs to reach the murderer's system than injections, and works far more slowly. This method of capital punishment is much less likely to trigger the sudden and sometimes violent reactions lethal injections have sometimes been said to cause, and which death penalty opponents always cite - often with great success in courts - to stop executions. If state governments don't take advantage of this simple and proven method to cause death without any pain, they can only expect further legal challenges by death penalty opponents who can probably then show. According to the existing legal standard, that current execution methods - including lethal injections and the electric chair - create substantial risks of harm relative to a viable alternative; that viable alternative being painless barbiturate pills, Banzhaf predicts......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

Fear Of The Fed Tightening On Holiday

In his Daily Market Notes report to investors, Louis Navellier wrote: Fear Of The Fed Tightening Stocks marched higher throughout the day yesterday, albeit on low volume. The same is happening this morning. Fear of the Fed tightening seems to be on holiday. Q3 2022 hedge fund letters, conferences and more   Despite a seriously […] In his Daily Market Notes report to investors, Louis Navellier wrote: Fear Of The Fed Tightening Stocks marched higher throughout the day yesterday, albeit on low volume. The same is happening this morning. Fear of the Fed tightening seems to be on holiday. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Despite a seriously inverted curve, an historically reliable indicator of a pending recession, stocks are saying that earnings are not about to fall significantly. There's no doubt that higher interest rates have made houses and cars more expensive to finance, yet prices are not materially coming down. Consumers are running up their credit cards and the savings rate is falling fast but cash balances, overall, remain high by historical levels. Consumer sentiment is low but rising again. We will learn a lot about consumer sentiment after Black Friday and Cyber Monday in the next few days. While economic indicators have been softening both in the US and globally, it has been less than feared given the markedly higher interest rates. The market continues to climb the wall of worry, in this case that the Fed will feel compelled to remain aggressive longer, given the resilience of the job market, and try to push inflation down without hesitation as long as the economy continues to hum along. Today we're looking at lower crude prices, down 3.9% to below $78/bbl, a lower US 10yr yield, down 3bps to 3.73%, a lower US dollar index back below 106.5, and a VIX at a 2 month low of 21.3. While earnings may still be trimmed for '23 and the P/E is more likely to fall than rise as the Fed aggressively taps the brakes, stocks continue to be the best investment to outpace inflation, and the US remains the "safest" place to invest and will continue to receive funds flow. Investors certainly have reason to be thankful for this holiday week. Coffee Beans Ford Crown Victoria is the most commonly used car in Hollywood’s horror movies – appearing in some 1,514 feature films. Other popular car choices include the Ford Mustang, appearing in 710 movies, followed by the Chevrolet Caprice (606 movies), Chevrolet Impala (594 movies), and the Jeep Cherokee (362 movies). Source: Statista. See the full story here......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

$500 Cash Assistance Program From Chicago: Who Will Get It And How To Apply

Some extra money could soon be coming to more than 4,000 Chicagoans. The city of Chicago has come up with a new assistance program that offers $500 cash payments to eligible residents. The deadline to apply for this cash assistance program from Chicago is approaching fast. Cash Assistance Program From Chicago: How To Apply Chicago […] Some extra money could soon be coming to more than 4,000 Chicagoans. The city of Chicago has come up with a new assistance program that offers $500 cash payments to eligible residents. The deadline to apply for this cash assistance program from Chicago is approaching fast. Cash Assistance Program From Chicago: How To Apply Chicago has come up with a Chicago Resiliency Fund 2.0 program that will provide $500 to more than 4,000 Chicagoans. This one-time cash assistance is part of Mayor Lightfoot’s Chicago Recovery Plan. The primary objective of this cash assistance program from Chicago is to assist Chicagoans who may have been left out of the federal COVID stimulus. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   The fund is intended to support residents who had difficulty accessing or qualifying for federal relief payments in 2020, including COVID-19 Relief Funds. The Chicago Resiliency Fund 2.0 program covers caregivers of adults or households with adult children or other family members. The authorities are currently accepting applications for the program, and the application period ends at 11:59 p.m. December 9. Eligible residents need to submit the application online, and the city will select the recipients via a lottery. It must be noted that only one application per household is allowed, and the selected recipients will have to show proof of eligibility. Residents can apply for the cash assistance program from Chicago at www.chicash.org. Applicants need to provide their name, ID, current address and contact information. Two organizations are responsible for taking applications: the Chinese Mutual Aid Foundation and the Association House Chicago. Although the deadline is December 9, city officials say a second window will open in late December for undocumented residents and domestic workers. Chicago Resiliency Fund 2.0: Who Is Eligible? To be eligible for the cash assistance program from Chicago, you need to reside in the City of Chicago; be 18 years of age or older; household income must be at or below 300% of the Federal Poverty Level (FPL); and must have filed taxes in 2019 and claimed a dependent 17 years or older. For a household with two members, the threshold income is $54,930; for three members it is $69,090; for four it is $83,250; for five it is $97,410; for six it is $111,570; for seven it is $125,730; and for eight it is $139,890. If you have more than eight people in your family, then add $4,720 for each person to get the threshold income. For more details on the income requirement, visit this link. Chicago’s Resiliency Fund 2.0 program will have multiple rounds of applications for various groups. In all, the program is expected to benefit approximately 25,500 people. The program is open to “all Chicago residents regardless of status. No questions will be asked in regards to citizenship or immigration status,” the website says......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

These Are Ten Big Companies Releasing Earnings Next Week

The third quarter 2022 earnings season isn’t over yet, but more than 90% of the companies have already reported their earnings so far. So, we now have a good idea of the earnings trend this season. Overall, companies reported “better-than-feared” results, with the energy sector being the EPS growth leader, followed by industrials and communication […] The third quarter 2022 earnings season isn’t over yet, but more than 90% of the companies have already reported their earnings so far. So, we now have a good idea of the earnings trend this season. Overall, companies reported “better-than-feared” results, with the energy sector being the EPS growth leader, followed by industrials and communication services. On the other hand, the highest number of negative surprises was from the U.S. telecom sector. Let’s take a look at ten big companies releasing earnings next week. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Ten Big Companies Releasing Earnings Next Week We have used the market capitalization of companies that are scheduled to announce earnings to rank the ten big companies releasing earnings next week. Here are ten big companies releasing earnings next week: Veeva Systems Founded in 2007 and headquartered in Pleasanton, Calif., it is a cloud-computing company that focuses on the pharmaceutical and life sciences industry. Veeva Systems Inc (NYSE:VEEV) shares are down by almost 29% year to date and down over 14% in the last three months. As of this writing, Veeva Systems shares are trading above $179 with a 52-week range of $151.02 to $297.93. Veeva Systems will announce its earnings on December 1. CrowdStrike Holdings Founded in 2011 and headquartered in Austin, Texas, this company offers cybersecurity products and services, including cloud workload, endpoint security, threat intelligence, and cyberattack response. Crowdstrike Holdings Inc (NASDAQ:CRWD) shares are down by almost 34% year to date and down almost 30% in the last three months. As of this writing, CrowdStrike Holdings shares are trading above $136 with a 52-week range of $120.50 to $242.00. CrowdStrike Holdings will announce its earnings on November 29. Kroger Founded in 1883 and headquartered in Cincinnati, Ohio, this company operates supermarkets and multi-department stores. Kroger Co (NYSE:KR) shares are up by over 6% year to date but are down by almost 3% in the last three months. As of this writing, Kroger shares are trading above $48 with a 52-week range of $40.18 to $62.78. Kroger will announce its earnings on December 1. Marvell Technology Founded in 1995 and headquartered in Wilmington, Del., this company develops and sells semiconductors, as well as related technology, including computing, networking, storage, and custom solutions. Marvell Technology Inc (NASDAQ:MRVL) shares are down by almost 53% year to date and down over 19% in the last three months. As of this writing, Marvell Technology shares are trading above $41 with a 52-week range of $35.30 to $93.85. Marvell Technology will announce its earnings on December 1. Workday Founded in 2005 and headquartered in Pleasanton, Calif., this company offers on-demand financial management, student information systems and human capital management software. Workday Inc (NASDAQ:WDAY) shares are down by almost 48% year to date and down over 9% in the last three months. As of this writing, Workday shares are trading above $142 with a 52-week range of $128.72 to $285.58. Workday will announce its earnings on November 29. Snowflake Founded in 2012 and headquartered in Bozeman, Montana, this company offers cloud data warehousing software, including data warehousing, data lakes, data engineering, and more. Snowflake Inc (NYSE:SNOW) shares are down by over 58% year to date and down almost 8% in the last three months. As of this writing, Snowflake shares are trading above $141 with a 52-week range of $110.27 to $378.11. Snowflake will announce its earnings on November 30. Synopsys Founded in 1986 and headquartered in Mountain View, Calif., this company offers software products and consulting services to electronic design automation companies. Synopsys, Inc. (NASDAQ:SNPS) shares are down by almost 12% year to date and down almost 10% in the last three months. As of this writing, Synopsys shares are trading above $324 with a 52-week range of $255.02 to $391.17. Synopsys will announce its earnings on November 30. Dollar General Founded in 1939 and headquartered in Goodlettsville, Tenn., this company operates a chain of variety stores, which sells cleaning supplies, basic apparel, snacks, health and beauty aids and more. Dollar General Corp (NYSE:DG) shares are up by over 9% year to date and up almost 4% in the last three months. As of this writing, Dollar General shares are trading above $255 with a 52-week range of $183.25 to $262.21. Dollar General will announce its earnings on December 1. Intuit Founded in 1983 and headquartered in Mountain View, Calif., this company specializes in financial software to offer business and financial management solutions. Intuit Inc. (NASDAQ:INTU) shares are down by almost 42% year to date and down almost 17% in the last three months. As of this writing, Intuit shares are trading above $374 with a 52-week range of $339.36 to $697.27. Intuit will announce its earnings on November 29. Salesforce Founded in 1999 and headquartered in San Francisco, this company develops cloud-based enterprise software for CRM (customer relationship management). Salesforce Inc (NYSE:CRM) shares are down by over 42% year to date and down over 17% in the last three months. As of this writing, Salesforce shares are trading above $144 with a 52-week range of $136.04 to $299.27. Salesforce will announce its earnings on November 30......»»

Category: blogSource: VALUEWALKNov 23rd, 2022Related News

The S&P 500’s Fake Breakdown

S&P 500 bears couldn‘t follow through, and the bond market downswing looks tired – starting off a risk-on base, never quite flipping risk-off. Perhaps best of all, tech saved its bullets, and is ready to join when TLT comes back and erases Friday‘s modest decline on low volume. The usual “suspects“ continue doing well – […] S&P 500 bears couldn‘t follow through, and the bond market downswing looks tired – starting off a risk-on base, never quite flipping risk-off. Perhaps best of all, tech saved its bullets, and is ready to join when TLT comes back and erases Friday‘s modest decline on low volume. The usual “suspects“ continue doing well – energy, healthcare, consumer staples, materials and industrials – best picks for what‘s to come in the remaining part of this rally. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   It can and still will go on – all the mixed Fed messaging in the prior week won‘t stop it, signs of decelerating inflation would continue popping up (to accompany PPI) while speculation would continue as to when exactly would a recession arrive. Approaching, not yet here except for housing, manufacturing etc that feel the pain already – remember, job market is the last to roll over (non-farm payrolls – unemployment claims are actually leading). The gyrating bets on Fed taking its foot off the pedal, are the ingredient that can power stocks higher before earnings start to bite next year. Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox. Plenty gets addressed there, but the analyses (whether short or long format, depending on market action) over email are the bedrock, so make sure you‘re signed up for the free newsletter and that you have Twitter notifications turned on so as not to miss any tweets or replies intraday. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook Fake breakdown was indeed the result of what I wrote here Friday morning. 4,000 are on the chopping block this week. Credit Markets For now, both the retreat in yields and general risk-on posture in bonds, can continue. Still a lot of instituitional money on the sidelines that needs to be invested before year end – both in stocks and bonds. Gold, Silver and Miners This doesn‘t look like the end of a major countertrend rally – higher highs have been made while fresh lows… not exactly. The tide has turned, and precious metals would focus increasingly more on the high debt servicing costs in anticipation of yet another Fed turn (in support of the economy and fiscal deficits that would grow during recessions) no matter whether 5% or 5.50% Fed funds rate is reached after Mar FOMC – see how little decline happend from Jul lows and where rates were back then. Thank you for having read today‘s free analysis, which is a small part of the premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, oil, copper, cryptos), and of the premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. While at my homesite, you can subscribe to the free Monica‘s Insider Club for instant publishing notifications and other content useful for making your own trade moves on top of my extra Twitter feed tips. Thanks for subscribing & all your support that makes this great ride possible! Thank you, Monica Kingsley Stock Trading Signals Gold Trading Signals Oil Trading Signals Copper Trading Signals Bitcoin Trading Signals www.monicakingsley.co mk@monicakingsley.co All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice......»»

Category: blogSource: VALUEWALKNov 22nd, 2022Related News

Five Bargain Funds For Black Friday

Some funds have had a very bad time recently Will we look back and think investing now was like picking up a bargain? If so, what are some potential options to consider With the Black Friday sales coming up, here are five funds that have had challenging periods of performance, but that the analysis team […] Some funds have had a very bad time recently Will we look back and think investing now was like picking up a bargain? If so, what are some potential options to consider With the Black Friday sales coming up, here are five funds that have had challenging periods of performance, but that the analysis team continue to have conviction in. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Hal Cook, Senior Investment Analyst, Hargreaves Lansdown: “There are times when funds face macro-economic or market headwinds outside of their control. Once these pass however, it can mean their performance improves again. One trend that has dominated the market in the last year is the underperformance of growth-style equities. This style got particularly hammered in the first few months of 2022. Growth-style investing means buying companies that you think have potential to grow at a quicker pace than the rest of the market. This often means you are looking at companies that have potential to increase revenues and profits way into the future. When interest rates expectations changed to the view that they were going to rise significantly, this had a particularly bad impact on these companies share prices. This meant a number of funds lost a lot of value, and lost it quickly. But these are not necessarily bad funds or bad fund managers, this was a market adjustment that was out of their hands. Therefore, there is potential for these funds to rebound once things calm down and future expectations on interest rates become clearer. Smaller companies funds suffered a similar fate in 2022. This was due to higher costs of borrowing to fund growth and potential for weakened consumer demand due to inflation, higher debt repayments and a potential global recession. This is not unusual during difficult economic times because investors tend to flock toward bigger companies that have larger balance sheets and a perceived better chance of surviving any potential recession. But let’s be clear, there are still loads of very good smaller companies that will make it through the current challenges and come out stronger on the other side. Finally, let’s look at bonds. Bonds have had a terrible year across the board. Yes, some have lost less value than others, but broadly, losses have been significant in all parts of the bond market. Investing in bond funds now means you can expect to be receiving a higher yield than you would have done 12 months ago. This not only gives you some income and a buffer if there are further capital losses from here, but it also gives rise to greater upside potential than the bond market has seen in years. Bargain Funds For Black Friday So, what are some potential options for investors from these beaten-up sectors? Rathbone Global Opportunities This has been a long-term success story under manager James Thomson, and since 2014, co-manager Sammy Dow. They are pure growth-style investors who have shifted their portfolio in 2022 for a higher inflation, higher interest rates world. They own some of the world’s best known companies and focus on investing in developed markets like the US, UK and Europe. Performance over the 12 months to end of October was -17.20%. Barings European Select The team managing this fund have a very strong long-term track record investing in smaller companies listed within Europe. Historically, investing in smaller companies within Europe has led to greater long-term returns than their larger counterparts too. Performance over the 12 months to end of October was -23.63%. Baillie Gifford Managed Growth-style investment house Baillie Gifford has had a very difficult year. This is a growth-style offering, which invests in mainly in company shares but also some of the fund is invested in bonds has delivered over the long-term however. Within the equities allocation, there is often a good amount invested in mid-sized companies which gives them even bigger growth potential. The team at Baillie Gifford have a long and successful track record of picking companies that do achieve outsized growth. Performance over the 12 months to end of October was -29.08%. Jupiter Strategic Bond A globally invested bond fund that has the freedom to invest across a large part of the bond universe. Ariel Bezalel has a very long track record of success and Harry Richards joined him on this fund in 2016. They often have a large part of the fund invested in higher yielding bonds, which have lower credit ratings. Performance over the 12 months to end of October was -16.51%. The fund has a distribution yield of 4.59% as at the end of October 2022. Artemis Corporate Bond Another globally invested bond fund but with a focus on bonds with better credit ratings as well as those issued by companies rather than governments. While the fund was only launched in October 2019, lead manager Stephen Snowden has a long and successful track record going back much longer than that at Aegon and Old Mutual. Performance over the 12 months to end of October was -17.23%. The fund has a yield to worst of 6.3% as at the end of October 2022.”.....»»

Category: blogSource: VALUEWALKNov 22nd, 2022Related News

Bitcoin Isn’t Digital Gold… Or At Least Not Yet, Anyway

Many investors have heard crypto experts refer to bitcoin as digital gold, but an analysis of these two assets' returns and volatility shows that bitcoin hasn't yet earned the right to be called digital gold. A recent report also downplayed the correlation between cryptocurrencies and equities that has appeared this year. Crypto enthusiasts have long touted bitcoin as digital gold, but an analysis of the cryptocurrency’s performance versus those of other assets shows that it hasn’t really earned that status yet. One thing that’s still lacking is a widespread market perception of crypto assets as a store of value. Cryptocurrencies remain a minuscule part of the global financial markets, with a total market capitalization of $1.1 trillion as of August, a significant decline from their record market cap of $3 trillion. The crypto markets are only about 2.5% of the total U.S. equity market cap. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. However, S&P Global agrees with crypto enthusiasts who are adamant that crypto assets and blockchain technology are here to stay. The firm noted that crypto assets and blockchain technology are an ecosystem with significant differences from the traditional financial system. However, the collapse of TerraUSD shows that the fundamental laws of finance still apply. For now, one of the greatest debates about cryptocurrencies is whether they should be considered currencies, commodities, securities or something else entirely. To better understand what crypto assets are, S&P Global compared their performance to that of various traditional financial assets. Bitcoin Versus Gold Of course, gold has been a store of value and hedge against market downturns for thousands of years. Central banks use the metal as a reserve asset and to hedge against inflation. When bitcoin was launched, many crypto wonks referred to it as "digital gold." As a result, the cryptocurrency has rallied off and on over the years due to expectations that it could play a similar role to the yellow metal at some point. However, to truly become digital gold, bitcoin would need a strong correlation with the metal's performance during similar periods, something that hasn't happened yet. In its recent report on those comparisons, S&P Global explained that crypto assets are significantly more volatile with the prospect of higher returns, making them more of a high-reward asset than a store of value like gold. For example, data from S&P Global indicates that the gold price rose more than 40% from mid-2019 to mid-2020 as investors turned to the yellow metal for protection during the COVID-19 pandemic. However, bitcoin did not behave the same way during that 12-month period. Additionally, the gold price has been volatile in 2022 but largely trended upward during this year's periods of heightened geopolitical risk. Meanwhile, bitcoin's performance didn't track the periods of increased geopolitical risk. S&P Global noted that the bitcoin price has plunged to its lowest level since November 2021, driven by intensifying inflation fears, a clear upward trend in inflation indices, and growing supply chain shortages, energy concerns, and military uncertainty amid the war in Ukraine. On the other hand, gold rallied during the first quarter but has averaged prices higher than where it stood before the pandemic. S&P Global also found that gold's volatility aligns closer with that of stablecoins than with other cryptocurrencies. The firm emphasized that while bitcoin doesn't currently deserve the classification of digital gold, it could at some point in the future. Crypto Assets Versus Equities S&P Global also compared the performances of various crypto assets to those of the S&P 500 and Nasdaq indices. The firm found that the daily returns of crypto assets are much more volatile than equities. According to S&P Global, cryptocurrency volatility has held heady above 60% since May 2020, while the volatility of the S&P 500's top three holdings, Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN), didn't get much higher than 40, putting their volatility closer to that of stablecoins. While many other reports have called attention to a correlation between bitcoin and equities, S&P Global found that the crypto markets are not significantly correlated with equities despite the uptick in correlation in recent months. To gauge the correlation between equities and cryptocurrencies, the firm used Apple, Microsoft and Amazon as proxies for the equity market. S&P Global did discover that return correlations between bitcoin and the three largest equities increased during the pandemic period from March 2020 to the first quarter of 2022. Other than that, the firm found that correlations remained low. It feels the lack of comparability between crypto assets and equities is not surprising because the drivers for crypto valuations are different. According to S&P Global, the key performance drivers of the crypto markets include market confidence and adoption, regulatory frameworks, technology, and supply and demand or liquidity. On the other hand, the firm listed the drivers of traditional financial assets as operating profits, interest rates, inflation, and monetary and fiscal policies. Cryptocurrencies Versus Each Other Although S&P Global found that the crypto markets overall do not track equities, it did discover a noteworthy correlation in historical returns with each other, excluding stablecoins. The firm pointed out that the origin story of each cryptocurrency differs from those of the others and that they were created on different platforms using different protocols at different times. However, S&P Global's analysis of the performances of various cryptocurrencies shows a moderate-to-high correlation with each other since 2018. Stablecoins Versus Pegged Fiat Currencies Of course, stablecoins like Tether and USD Coin are far less volatile than other crypto assets. However, S&P Global still discovered that their volatility was greater than that of traditional pegged fiat currencies and that they have a low correlation with them. Do you think bitcoin has achieved digital-gold status yet? Share your thoughts in the comments section below......»»

Category: blogSource: VALUEWALKNov 22nd, 2022Related News

The Most Watched YouTube Videos and How Much Revenue They Generated

Created in 2005, YouTube has become the world’s most popular video streaming service. With 2.5 billion users each month, it has become a lucrative source of revenue for many content creators on the platform. The site’s evolution has led to it becoming a full-time source of income for many creators. YouTube allows creators to monetise […] Created in 2005, YouTube has become the world’s most popular video streaming service. With 2.5 billion users each month, it has become a lucrative source of revenue for many content creators on the platform. The site’s evolution has led to it becoming a full-time source of income for many creators. YouTube allows creators to monetise their content by displaying ads on their videos. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   As a result, the platform has the most favourable Cost Per Click (CPC) and Cost Per Mille (CPM) than any other social media platform. This is why thousands of creators have fled to YouTube as their platform of choice to upload their work. The most viewed YouTube video created a revenue of $22 million, purely from views on the video and clicks on the ads. This has led BonusInsider to search for just how much money can be made off YouTube and what type of content attracts the most views on the platform. So, our team looked into the top 10 most watched YouTube videos and how much revenue they have made as of November 20th 2022. Methodology There are a few ways in which YouTube calculates the revenue from each video. The money paid to creators comes from the ads displayed on a video. The revenue of a YouTube video is calculated per every 1,000 views – this is CPM. Or, per CPC, which is how much the advertiser pays for every click on the ad. Therefore, we have calculated the revenue per view by combining the CPM and CPC to reach an estimated amount. The average CPM is $7.60. We have calculated the revenue from each video using the influencer marketing hubs YouTube money calculator. Google takes a 45% share of YouTube advertising revenue. Therefore the content creator gets 55% of every dollar paid by advertisers. When Google takes its 45% from the average CPM of $7.60, creators get $4.18. It is also important to note that it depends on what kind of ads creators have chosen to run on their videos. For example, video ads (played before the user’s video starts playing) are more profitable than banner ads (shown at the bottom of the screen whilst the video is playing). Therefore, please bear in mind when looking at the data that the revenue calculated is just an estimate. 10 Most Watched Youtube Videos “Baby Shark Dance”, Pinkfong Kids Songs & Stories. Total Views: 11.65Bn Total Revenue: $22M Baby Shark was the first video on YouTube to reach over 10Bn views, which still stands today. Created in 2016, Baby Shark started to gain popularity in 2017. However, it took four years for the video to overtake Despacito, which was the most-viewed video up to that point. Nevertheless, the 2-minute clip gained so much popularity that it spurred a viral online dance trend. It is estimated that the video made $22m just from views alone. “Despacito”, Luis Fonsi featuring Daddy Yankee. Total Views: 8Bn Total Revenue: $15M Released in 2017, Despacito quickly rose to the most-viewed YouTube video of all time. Soon overtaken by Baby Shark, Despacito has since then held second place with 8Bn views. Still, it took YouTube by storm and topped the charts in 47 countries and made it to the top 10 in another 6. So much so, that music legend Justin Bieber made a remix version just three months later. It is estimated that the video made $15m on YouTube. “Johny Johny Yes Papa”, LooLoo Kids. Total Views: 6.5 Bn Total Revenue: $12M Third on the ranking, reaching a revenue of $12M, is an English nursery rhyme. The video uploaded to YouTube in 2016 is about a child, Johny, who gets caught eating sugar by his father. It rose in popularity when posted by a kid’s YouTube channel called LooLoo kids. Previously it was thought that the video had been around since 2007. “Shape of You”, Ed Sheeran. Total Views: 5.8 Bn Total Revenue: $11M Chart-topping song, Shape Of You, by British icon Ed Sheeran is estimated to have made $11m on YouTube. Number 1 in 34 countries, the song won the Grammy for Best Pop Solo Performance in the 60th Grammy Award show. So, it is obvious why this worldwide hit reached such an impressive amount of views on Youtube. “See You Again”, Wiz Khalifa featuring Charlie Puth. Total Views: 5.68 Bn Total Revenue: $11M The pop hit by Wiz Khalifa featuring Charlie Puth was uploaded to YouTube in 2015. It quickly became both artists’ biggest single to date. See You Again held the top spot in 2017 for most viewed videos on YouTube before it was overtaken. Since then, it reached an estimated revenue of $11M. “Bath Song” Cocomelon Nursery Rhymes. Total Views: 5.71 Bn Total Revenue: $11M Close behind, the bath song was released in 2018. The children’s nursery rhyme is about bath time and aims to help children become more comfortable with taking a bath. Again, creating revenue of $11M, the video gained popularity in the parent community to encourage kids to take a bath. “Phonics Song with Two Words” ChuChu TV. Total Views: 4.98 B Total Revenue: $9M Another nursery rhyme gained popularity in 2014. Impressively, the Phonics Song was uploaded over eight years ago and is still gaining attraction today. Profiting from $9M in revenue, the video has done well to uphold the 7th position. “Uptown Funk” Mark Ronson featuring Bruno Mars. Total Views: 4.74 Bn Total Revenue: $9M Uptown Funk was directed by Mark Ronson and featured the famous American singer Bruno Mars. Heavily influenced by the early 1980s, it led to a number of lawsuits over copyright issues. It is speculated that the controversy surrounding the rights of the song led to an increase in the views of its YouTube video, resulting in an estimated revenue of $9M. “Learning Colors – Colorful Eggs on a Farm” Мирошка ТВ. Total Views: 4.7 Bn Total Revenue: $9M The Russian nursery rhyme released in 2018 quickly became popular. Many viewers didn’t understand how it could be one of the most viewed videos, claiming that there is barely anything in it content-wise. It is thought that this controversy helped the video gain 4.7Bn views and $9M in revenue. “Gangnam Style” Psy. Total Views: 4.59 Bn Total Revenue: $8M The South Korean K-pop singer Psy released the iconic song Gangnam style in 2012, making it the oldest video in the top 10. Impressively, a video that is ten years old is still one of the most viewed on YouTube to this day. Moreover, the catchy song came with a dance that went viral worldwide, helping it secure billions of views and $8M in revenue. Conclusion The common denominator of the videos in the top 10 is that they are all music videos. This suggests that music videos do better on YouTube than videos where creators talk – tutorials, product reviews, etc. After looking at the songs in the top 10, it is clear that many of their views come from repetition. The songs are likely to be played numerous times, helping them reach the extremely high numbers we see. Overall, the combined revenue made from the top 10 view videos was $117M. YouTube has opened a new stream of revenue for creators, which is now being replicated on platforms such as TikTok and Instagram......»»

Category: blogSource: VALUEWALKNov 22nd, 2022Related News

Private Equity Continuing To Influence The Prison Healthcare Space

New report looks at healthcare company Wellpath and its expansion into prison systems Private Equity’s Influence On The Prison Healthcare Space A new report, “Private Equity Firms Rebrand Prison Healthcare Companies, But Care Issues Continue,” by the Private Equity Stakeholder Project (PESP) focuses on healthcare company Wellpath and the regulatory risks that the company continues […] New report looks at healthcare company Wellpath and its expansion into prison systems Private Equity’s Influence On The Prison Healthcare Space A new report, “Private Equity Firms Rebrand Prison Healthcare Companies, But Care Issues Continue,” by the Private Equity Stakeholder Project (PESP) focuses on healthcare company Wellpath and the regulatory risks that the company continues to take in local jails and prisons. Wellpath is owned by private equity firm H.I.G. Capital and is among the largest healthcare companies serving U.S. prisons and jails. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Wellpath has had a litany of staffing and access to care concerns that have followed the organization in multiple states, and the company continues to be mired in regulatory and reputational risk related to the poor conditions of its incarcerated patients. Even so, the organization is currently in the process of expanding beyond traditional correctional settings, recently beginning to provide child psychiatric services, mental health treatment, and substance use services to the general population. “Criticisms of the company are well known, and have been noted even by officials who ultimately approve contracts with Wellpath,” said Michael Fenne, PESP healthcare researcher and report author. “But Wellpath lacks competition in many places where it’s contracted to provide services.” Historically, Wellpath has benefited from strategic relationships to win local contracts. The company frequently makes political donations through its political action committee Wellpath PAC, also known as Correct Care PAC until 2019. “Wellpath has a history of contributing to local sheriff races during the election cycle,” Fenne said. “The company’s expansion is also supported through a pattern of relationship-building through existing correctional clients and associates.” Wellpath’s business operations are just another example of the problems that have historically emerged when private equity enters the healthcare space. Specifically, this company is not the only large prison healthcare provider that is owned and directed by a private equity firm. The new report also examines YesCare (formerly Corizon), a formerly PE-owned healthcare company with a history of concerns in correctional settings. YesCare is one of Wellpath’s largest competitors and was previously owned by private equity firm BlueMountain Capital Management until its 2020 acquisition by the Flacks Group. “Private prison service providers have received less attention than private prisons themselves,” Fenne said. “Federal and state correctional authorities should closely examine whether to renew and establish new contracts with these private equity-backed companies. Where options are more limited, authorities should place clear, enforceable accountability measures into contracts with private correctional healthcare providers.” About the Private Equity Stakeholder Project The Private Equity Stakeholder Project is a nonprofit organization with a mission to identify, engage, and connect stakeholders affected by private equity with the goal of engaging investors and empowering communities, working families, and others impacted by private equity investments. You can find more information about PESP’s healthcare work by visiting pestakeholder.org/issues/healthcare......»»

Category: blogSource: VALUEWALKNov 22nd, 2022Related News