Hints and tips:
...In the US, the S&P 500 had its best first quarter since 2019. Fixed income funds reported inflows of $42bn and equity funds received $18bn, for total long-term flows of $76bn....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...“They have built a better mousetrap in terms of having better technology and options across all asset classes,” said Kyle Sanders, equity analyst at Edward Jones....
...“Most asset managers are shrinking and BlackRock has been growing,” said Kyle Sanders, equity analyst at Edward Jones....
...Contracts tracking Wall Street’s blue-chip S&P 500 and those tracking the tech-heavy Nasdaq 100 were flat ahead of the New York open....
...The private equity industry, for example, has not beaten the S&P 500 over the past decade (see here), despite using mountains of leverage. Big fees eat up the extra returns provided by the leverage....
...S&P Dow Jones Indices last night removed the conglomerate’s flagship Adani Enterprises from its sustainability index....
...“I think the kabuki theatre is going to be particularly annoying and ugly this time . . . it will force the market to pay attention,” says Isaac Boltansky, policy analyst at BTIG....
...All right, so for people that don’t know it, Su Zhu and Kyle Davies, they ran this, people called it a crypto hedge fund, it’s not really a hedge fund....
...Separately Oliver Isaac, the last remaining analyst on Credit Suisse’s high-yield team in London, has resigned, per eFinancialCareers. Smart reads Does anyone do due diligence anymore?...
...Here is FactSet’s chart of the evolution of EPS estimates for this year and next for the S&P 500....
...Diplomacy US President Joe Biden will host Israeli president Isaac Herzog at the White House, a week before Israel holds elections....
...They are down by more than a fifth this year, underperforming the almost 8 per cent drop for the S&P 500....
...Unless production is ramped up and new extraction technologies come into play, “the ensuing scramble may be compared to that for fossil fuels in the 20th century”, analysts at S&P Global warned last year...
...Only eight have outperformed the S&P 500. Healthcare mergers completed last year were among the worst performing, falling by 49 per cent on average among the 44 spac deals concluded in 2021....
...Sir Isaac Newton was a giant of science and, for many years, Master of the Royal Mint. But neither mathematical brilliance nor financial experience saved him from investment disaster....
...Exploration budgets increased by 35 per cent globally to $11.2bn in 2021, according to a report published in November by S&P Global Market Intelligence....
...The assets it is acquiring from BHP produce a similar type of coal to its Isaac Plains mine in Queensland. As part of our coverage of COP26 we want to hear from you....
...BlackRock shares are up 18.5 per cent for the year, and have moved ahead of the 16 per cent rise in the S&P 500....
...Isaac Hernández is a tender partner for Alison McWhinney and makes easy work of the countless skaterly pirouettes....
...The blue-chip US S&P 500 has soared by almost a fifth this year, reaching a new all-time peak this week....
...The stock has climbed 21 per cent this year, outpacing the S&P 500’s 16.7 per cent gain....
...And that could be a political problem because it can animate your political enemies,” said Kyle Kondik of the University of Virginia’s Center for Politics....
...He soon became the prime suspect in the murder of Isaac Gold, a retired stockbroker whose body was later found in a railway tunnel....
...That is well behind the S&P 500 in the US, up over 13 per cent, and even European stocks, up over 12 per cent, as measured by the Euro Stoxx 50 index....
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