Corporate Debt Sends Signal to Investors

There was a tinge of nervousness in corporate debt markets toward the end of September when investment-grade companies sold just $105 billion of new debt. Sounds like a big number, but it marked a 20%+ decline from a year earlier and was the weakest September in four years (September is historically a strong month for […]

Hedge Funds Underperforming, Ferrari Goes Public, Alphabet (Google) Powers Ahead and more…

Hedge Funds Continue to Underperform – in Q3, hedge funds suffered their largest quarterly loss in assets since 2008 – a reminder that even hedge funds are not immune to downside volatility. According to Hedge Fund Research, the average fund lost 3.9% in the third quarter, driven by volatility in the equities markets and sliding commodities. The […]

Recession in 6-12 Months?

A few clients have approached me recently with some ‘worrisome’ U.S. government agency data. From the Energy Information Administration to the Department of Agriculture to the Department of Labor to the Department of Commerce, there appears to be a confluence of weak data that – according to a few sources – signals the U.S. could […]

How Dividend Stocks Turned a Janitor into a Millionaire

Ronald Read spent the better part of his life working as a mechanic and a part-time janitor at J.C. Penney—a far cry from the highly skilled jobs that normally produce millionaires over time. Yet, following his passing last summer, Mr. Read’s estate made its first distributions—$4.8million and $1.2 million to the Brattleboro Memorial Hospital and the Brooks Library, respectively. Wait […]

New Trade Deal: 3 Things Investors Should Know

As I wrote in my weekly global markets summary last week, the 12-country trade deal, known as the Trans Pacific Partnership (TPP), finally reached agreement last week in Atlanta. The big players include the U.S., Japan, Canada, and Australia, and the biggest impact from the deal stems from the multilateral agreements with developing economies in […]