…question. The Investment Committee has investigated a lot of choices, but it’s complicated. Next week, I’ll address the primary options we’ve considered, and the pros and cons of each strategy….
…to a heavily indebted economy (in fact, far more indebted economy). The overall indebtedness, along with computerization and demographics should keep inflation largely in check in my opinion, but I’m…
…category. And, sure enough, a lot of our clients live on roughly the amounts listed in the chart. We’ve been working with these models for 20-years, and have learned some…
…bad public stumbles, some of which I’ve chronicled already (click here). Back in 1971, when Gross co-founded PIMCO, actively managed bonds funds were uncommon. Funds at the time certainly bought…
…speeches, etc.), there is some noise in the data, but that basic landscape remains unchanged until October of this year. Notice how the odds of nothing happening next June shoots…
…enjoying. In 2013, I found that the risk-adjusted return on the S&P 500 was in the 97th percentile of all 12-month periods. Last year wasn’t too shabby either, falling in…
…single person, in their early 30s at the time, with off-the shelf software, engaged in market manipulation techniques known as ‘spoofing’ and ‘layering’, and made tens of millions of dollars…
…levies reach broadly, including medicine, aviation, semiconductors and consumer goods like dishwashers, snow plows and motorcycles. Beijing was quick to respond with reciprocal tariffs, announcing $50 billion on 106 products…
…(although, just as it’s the case today, there were a lot of other things going on too). The chart below shows the yield on the one-month Treasury bill (in blue)…
…about it, regardless of your answer. In simple terms, an efficient market quickly incorporates news and information into prices. It’s easy to find examples of market inefficiency, like when companies…
