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...He had relocated from London to Monaco, the European tax haven that Somerset Maugham once dubbed “a sunny place for shady people”....
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...The benchmark S&P 500 rose 1.4 per cent on Monday afternoon, led by strength in the financial and tech sectors....
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...S&P already holds a negative outlook on the country....
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...The Russell 2000 index has risen 24 per cent since the beginning of 2020, lagging behind the S&P 500’s more than 60 per cent gain over the same period....
...Likewise if we want to make a relative call, say against a S&P 500 fund....
...[but] stress metrics haven’t moved that much, it’s been relatively orderly.”...
...“It’s a classic rush for safe-haven assets,” he said, noting that prices for US Treasuries, which are widely considered risk-free, had climbed as stocks sold off....
...On the equity side, small-cap stocks continue to be the story: while the S&P 500 has shrugged, the Russell 2000 is up 6 per cent since Jay Powell started talking....
...Lars Løkke Rasmussen, Denmark’s foreign minister, said it had taken a huge diplomatic effort to ensure Shah could stand trial, including the signing of an extradition agreement last year between the Scandinavian...
...Otherwise, no look at 2023 can skip the Magnificent Seven tech stocks which account for more than half of the S&P 500’s gains this year....
...The benchmark S&P 500 was up 0.6 per cent on Tuesday afternoon, while the tech-heavy Nasdaq Composite was up 0.7 per cent....
...The benchmark S&P 500 has climbed 8 per cent since the beginning of January, boosted by rapid ascents for megacap tech stocks including Nvidia, Meta and Amazon....
...“The protection that they offer is limited and expensive, and I do worry that advisers haven’t taken that into account fully,” Kashner said. Johnson said: “They absolutely work as intended....
...And we haven’t even addressed a main reason state governments spent more than expected in 2023: the vibecession....
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