Hedge Funds YTD returns by strategy as of June 30th
Source: Aurum
Yahoo considers IPO six years after delisting
Yahoo, the Dotcom sensation that was delisted in 2017 following its acquisition by Verizon, is reportedly considering a re-listing. Yahoo CEO Jim Lanzone has said he intends to take the company public again, as the Internet services company looks to return to its glory days, the Financial Times reported, citing an interview with the executive. The latter stressed that the company was ready for the planned IPO. Yahoo is "financially ready", with an excellent balance sheet, he is quoted as saying, while stressing that the company is "very profitable". Source : Financial Times
The most inverted US yield curve since the 80s
The 3-Month Treasury bill yield of 4.97% is now 1.42% higher than the 10-Year Treasury bond yield (3.55%). With data going back to 1962, only March 7, 1980 (recession: Feb-Jul 1980) had a more inverted yield curve than today. Source: Charlie Bilello
Busiest week ever for European bond primary market!
With one day to go, corporate financing via the Europe's public bond market has reached a record weekly level with over $100 billion of debt printed to date. Source: Bloomberg
Have we seen the largest wealth destruction in history?
Have we seen "capitulation" yet? Source: Stansberry (Greg Diamond).
#cramer #etf
In Case You Missed It ... A Short Jim Cramer ETF Was Filed with the SEC. Tuttle Capital Management via Northern Lights Fund Trust IV filed last week for an 'Inverse Cramer ETF' and 'Long Cramer ETF'. The proposed ticker for the short Cramer ETF is SJIM and for the long Cramer ETF is LJIM. Source: steetinsider, tuttlecapital
#us #earnings
Wall Street banks slash $34bn from earnings forecasts for big companies. Analysts are expecting companies listed on the S&P 500 index to post earnings-per-share growth of 2.6% in the July to September quarter, compared with the same period a year earlier, according to FactSet data. That figure has fallen from 9.8 % at the start of July, and if accurate would mark the weakest quarter since the July to September period in 2020. Source: FT
#us #equities #volatility
Dow Jones volatility is now ABOVE bitcoin volatility (using last 10d realized)... Source: BofA
