Hints and tips:
...S&P 500 dividend yields went as high as 9.2 per cent in the first quarter of 1938, according to S&P Dow Jones Indices. Even IPOs paid them, as I read to my surprise in Peris’s book....
...But the dispersion of their returns has been very wide, as this chart shows: Amazon has barely outperformed the S&P 500, Nvidia has gone absolutely bananas, and the rest have covered the range in-between...
...From then on, indices would reflect what the actual “market” was doing....
...To start with, they represent a fifth of the S&P 500, with a market capitalisation of $7tn. As they go, the market will (largely) go....
...“Battling the traditional world order is what we’re doing.” In less than a decade, Wood has emerged as the public face of a tech-driven bull market on steroids....
...As the Athene merger transforms its business, Apollo managers have been trying to soften its reputation as a harsh workplace. Insiders say some difficult personalities have left the group....
...Porat has stressed that Alphabet will continue to invest in costly areas such as the cloud computing business, absorbing losses when necessary....
...per cent of the S&P 500....
...Together they lifted the Nasdaq Composite 4 per cent, ahead of the benchmark S&P 500....
...Now, it seems to be business as usual, something investors are pricing into share valuations, as information technology has grown to represent one-quarter of the value of the S&P 500....
...After all, his rivals have been busy doing just that....
...“We view this as negative for the stock as the attempt by Third Point to create value for shareholders now through pursuing a sale of the company or a breakup of the business are likely off the table as...
...This earnings round has, however, highlighted important differences in business models. The market needs to differentiate more between companies viewed for too long as a uniform group....
...Just as in the late 1990s, the technology sector is driving the whole market upward. And within tech, Fang stocks are doing most of the work....
...“What [hedge funds] are doing as a group is good, but simple. And they’re kicking up a whole lot of dust around it.”...
...Chinese telecoms equipment maker ZTE Corp suspended trading in Hong Kong and Shenzhen on Tuesday pending an announcement after it was cut off from US suppliers and barred from doing business in the UK....
...We should probably mention that Research Affiliates has an interest, among other things, in the business of indices not constructed according to market capitalisation, as most tend to be....
...One core dispute is exactly how restrictive the terms of the JV are, as the consensus view is that it is very difficult for Xerox to sell itself to a third party (H-P’s name had come up) without losing much...
...“[Doing this] does take experience”....
...The dividend ETF matched the S&P over the whole period. This suggests the ETFs were return-chasing — in other words buying whatever is doing well. The implication is that timing does not pay off....
...This second, lower-profile, part of their business has boomed since the crisis....
...We are doing just fine!,” Mr Trump tweeted....
...“The rising upfront cost of doing business in the UK, the uncertainty around Brexit, and the constraints created by skills gaps and shoddy infrastructure collectively outweigh any benefit arising from the...
...The economic calendar for Wednesday is just doing its own thing (all times London): 07.45: France consumer confidence08.00: Spain retail sales09.00: Italy business confidence09.30: UK Q2 GDP, mortgage approvals...
...“Doing it once when there is a clear big gap between what you initially priced the deal and where the market is. I think that’s reasonable....
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