fiscalstimulus
Crescat Capital’s commentary for the month of July 2021, titled, “Not Your Mother’s Inflation.” Q2 2021 hedge fund letters, conferences and more Dear Investors: Investors are always looking to history for guidance by attempting to find the most economically comparable period to the present. Two timeframes are the most conspicuous, the 1940s and the 1970s. Some macro investors today are citing the 1940s to validate the Fed’s hypothesis that the recent rise in consumer prices will prove to be transitory. Ironically, if the past is prologue, this period supports the idea of inflation getting much...
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Insights into the market and economic conditions from the wealth advisors and portfolio managers at Bel Air Investment Advisors, an investment firm that focuses on overseeing and managing the over $8 billion in assets for 300 high-net-worth families, individuals and foundations. They discuss President-elect Joe Biden’s fiscal stimulus plan, the loose monetary policy, coronavirus vaccine distribution, oil and copper prices and much more. Q3 2020 hedge fund letters, conferences and more The Market Could Increase 10% With Biden's Stimulus PlanTodd Morgan, Charmain “COVID-19 and the vaccine are th...
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The price of gold has dropped further amid incoming U.S. President Joe Biden’s fiscal stimulus and poor economic data, which is a bearish sign. Q3 2020 hedge fund letters, conferences and more The Drop In Gold PricesThe weakness in the gold market continued last week. As the chart below shows, the London P.M. Fix declined below $1,840 last Friday (the price of the yellow metal later dropped even further, i.e., below $1,830). The downward trend is a bit disturbing given the poor economic data reported last week. First, the jobless claims increased from 784,000 on January 2 to 965,000 on January...
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Commenting on investors betting on more fiscal stimulus from the Biden administration and today’s trading, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Indices Hit New Highs As Investors Bet On More Stimulus From The Biden AdministrationThe major indices are all trading in the green at midday following an active and slightly chaotic morning session. The Democratic party will likely take control of the Senate, completing the sweep in the wake of yesterday’s runoff elections, and the slightly surprising outcome caused major waves on Wall Street. Des...
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Jeoff Hall, Managing Economist, Refinitiv IFR analyzes October’s US Jobs report below by providing data-driven insights into the current state of US labor economy.Q3 2020 hedge fund letters, conferences and moreOCTOBER: US Labor Economy Far From Healthy Requiring Fiscal StimulusJeoff Hall, Managing Economist, Refinitiv IFR comments:“Total nonfarm payroll employment rose by 638,000 in October, in line with the market consensus expectation (+600k) but on its own the worst month for net job creation since starting the recovery from April’s 20.787 mn loss. If we look at just the private sector, ho...
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Stanphyl Capital’s commentary for the month of October 2020, discussing that markets have a disinflationary no-stimulus chasm.Q3 2020 hedge fund letters, conferences and moreFriends and Fellow Investors:For October 2020 the fund was up 2.9% net of all fees and expenses. By way of comparison, the S&P 500 was down 2.7% while the Russell 2000 was up 2.1%. Year-to-date 2020 the fund is down 17.7% while the S&P 500 is up 2.8% and the Russell 2000 is down 6.8%. Since inception on June 1, 2011 the fund is up 23.0% net while the S&P 500 is up 195.4% and the Russell 2000 is up 106.7%. Since inception t...
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Commenting on the impact of the decreasing fiscal stimulus and today’s trading Gorilla Trades strategist Ken Berman said:Q2 2020 hedge fund letters, conferences and moreThe major indices are all trading higher at midday following a choppy but unusually active morning session for a Fed-day. The Nasdaq pulled back following two bullish sessions, but small-caps and cyclicals started out the day in a bullish fashion despite the one-month high in the number of new U.S. COVID cases. Eli Lily’s (LLY, +1.7%) encouraging announcement regarding its antibody treatment has been helping the hardest-hit ind...
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