Silver as an investment

Category Archives: mutual fund

Bank Of America: “This Is The First Sign That A Bubble Has Arrived”

Lately, fund flow data has all the credibility of a NYT presidential poll two days before the Trump defeats Hillary.  On one hand, you have Lipper reporting that investors pulled $16.2bn from U.S.-based equity funds in the past week, the largest withdrawals since December 2016. The same Lipper also reported that taxable-bond mutual funds and […]

Mapping The World’s Trillion-Dollar Asset-Manager Club

In the late 1700s, it was the start of the battle of stock exchanges: in 1773, the London Stock Exchange was formed, and the New York Stock Exchange was formed just 19 years later. And while London was a preferred destination for international finance at the time, Visual Capitalist's Jeff Desjardins notes that England also […]

Bill Miller Says He’s Invested 1% Of His Net Worth In Bitcoin

Former Legg Mason investing guru Bill Miller’s Opportunity Trust is back on top this year thanks to bets on a hodgepodge of stocks including Apple Inc., J.P Morgan Chase & Co. and Restoration Hardware. Just weeks after his Opportunity Trust was named No. 1 among diversified funds with at least $1 billion in assets, Forbes […]

Scientific Proof ETFs Make Markets Dumber

One of the horses we have beaten to death starting in 2013 (with Why The TBAC Is Suddenly Very Worried About Market Liquidity) is that the relentless growth in ETFs in particular, and passive investing in general, is one of the greatest threats facing the US equity market for one main reason: “phantom liquidity”, and […]

Which Hedge Funds Are The Biggest Holders Of ETFs

The relentless growth of passive investing in general, and ETFs in particular, has been extensively discussed on the pages over the past few years, most recently overnight when we presented a note from Convergex which laid out some ideas how investors can profit from the unstoppable – for now – shift from active, and expensive, […]

Yardeni Warns “Late In The Game To Be A long-Term Investor” In Stocks

Excerpted from Dr. Ed Yardeni's blog, US Flow of Funds: ETFs Driving Stocks Higher …the saying that a picture is “worth a thousand words” is attributed to newspaper editor Tess Flanders discussing journalism and publicity in 1911. We have always believed that a chart is worth a thousand data points in a time series. Given […]

As Retail Investors Flood Into Stocks, Professionals Are Dumping Speculative Longs

"Fear of missing out" is quickly becoming the go to phrase for what's left of America's stock market investors. As The Wall Street Journal reports, investors have poured money into stocks through mutual funds and exchange-traded funds in 2017, with global equity funds posting record net inflows in the week ended March 1 based on […]

‘Cash On The Sidelines’ Crashes Near Record Lows

With hedge fund liquidity (and their ability to absorb any market shock) at record lows, it seems retail investors are also all-in on stocks. As Ned Davis Research points out, total cash holdings for funds at lowest in 19 years. In a Ned Davis calculation that treats the global investment portfolio as an amalgamation of […]

Berkshire Letter Highlights: Buffett Hates Hedge Funds, Likes Immigrants And The US Outlook

In its latest annual letter, released at 8am on Saturday, Warren Buffett’s Berkshire Hathaway said Q4 profit rose 15% as net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333 the previous year, while operating earnings, which exclude some investment results, were $2,665 a share, a slight miss to the […]

TrimTabs Says “Insatiable” ETF Buying Is Unlike It Has Anything Ever Seen, Issues A Warning

On Fruday, while confirming that the meme of “Fake News” has officially gone too far, Goldman Sachs slammed the talk of a Great Rotation from bonds into stocks (yes, calling it fake news), and writing that “the political rotation occurring in Washington, D.C. will not be mirrored in financial portfolios: despite the sharp fall in […]