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...I recently attended the opening of a factory by Austria-based chip substrate supplier AT&S in Kulim, Malaysia....
...Such back-of-the envelope maths implies that financial engineering alone won’t cut the mustard....
...What is the trailing P/E ratio of the top-10 stocks in the S&P 500 today? They are more overvalued than the top-10 were in the tech bubble....
...New York Community Bancorp, with $115bn or so in assets, is having serious problems, and the broad market (here represented by the S&P 1500) indifferent: Admittedly the regional bank index is underperforming...
...Donald Trump’s preferred candidate won big in this week’s Republican US Senate primary in Ohio. So did Democrat Chuck Schumer’s....
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...The benchmark S&P 500 closed 0.7 per cent lower on Tuesday, and the tech-heavy Nasdaq Composite fell 1 per cent....
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...Hyman added: “Next is in the middle, it’s just a juggernaut, and very robust and won’t give up any ground. You can be certain they will look to increase market share in the middle....
...Having won the lead in hand, he played to A♥ and ruffed a heart in hand. A low club to K♣ allowed a second heart ruff, and a club to A♣ accessed the third ruff....
...fear and dreadBut here the only water flowingIs in bitter, gin and beersAnd the Christmas bells that ring thereAre the clanging chimes of doomWell tonight thank God they’re short instead of you And there won...
...That’s the inflation gauge where Jay Powell has already won....
...clause of one contract seen by Nikkei Asia, neither party would be liable for failure to perform the terms of a supply agreement in the event of a “national or regional emergency or other geopolitical event(s)...
...He argued on X that even delivering the current baseline spending on defence of 2.3 per cent of national income in the next parliament would “require even deeper cuts to other department[s]”....
...FTAV has previously written a chunky post on the history of “factor investing” so we won’t dwell too long on it here....
...These companies also won’t be able to avoid the China drag....
...Most notably, she won 2023’s best new artist award, only the second jazz musician ever to join that coveted club....
...In 2016, the S&P 500 gained about 6 per cent in the six weeks following Trump’s win. Over his entire term, the S&P 500 gained 57 per cent, compared with 48 per cent so far under Biden....
...Unfortunately, Bloomberg won....
...The S&P 500 recorded its worst two-day streak on Friday and Monday since the regional banking crisis in March 2023....
...Would Flohr have won the world title from Alekhine? It seems unlikely, because he had done badly in their individual meetings and could not match the No1’s imaginative attacks....
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...In the most dominant season by any driver in F1’s 74-year history, Verstappen has won more than 80 per cent of the races....
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