Last month, billionaire hedge fund manager Paul Tudor Jones told CNBC that he’s paying close attention to the Fed given the rise in consumer prices. If the Fed treats the…
Tag: Federal Reserve
Fed: Possible Win from Rising Bond Yields and Inflation Expectations
A recent article in Reuters reports that Federal Reserve officials are hopeful that a recent rise in U.S. bond yields and inflation expectations may indicate that its new monetary approach…
Dalio Sees Soaring Asset Prices and ‘Flood of Money’
In a Reddit Ask Me Anything event earlier this month, billionaire investor Ray Dalio offered insights on the markets and economy, underscoring the importance of diversification, noting that the “flood”…
Interview: Making Sense of Fed Intervention, Fiscal Stimulus and MMT with Cullen Roche
The way economic policy is implemented has undergone some major changes in the past decade. The Federal Reserve’s response to the Great Financial Crisis, and the continued quantitative easing in…
Interview: Liquidity Cascades with Corey Hoffstein (Ep. 45)
It has been said that the most dangerous words in investing are “this time is different”. But sometimes a confluence of factors come together to significantly change the character of…
Excess Returns, Ep. 36: Have the Fed, Narratives and Passive Flows Broken Fundamental Investing?
Valuing a company (or the market in general) typically involves looking at its price and judging that price relative to its current and projected future fundamentals. But some have argued…
When Fundamentals Don’t Matter
By Jack Forehand (@PracticalQuant) Valuing companies can be a challenging process. While it is commonly accepted that the value of a company is the present value of its future cash…
Druckenmiller ‘Humbled” by Market Rebound
In a recent CNBC interview, hedge fund manager Stanley Druckenmiller said that the market’s comeback in recent weeks has “humbled” him and that he underestimated the power of the Fed.…
Excess Returns, Ep. 28: The Danger of Focusing on What Should Be and Missing What Is
We all have our beliefs about the way that things should work in investing. When the market gets overvalued, we think it should go down. When value stocks struggle for…
Howard Marks Says Distress Coming, Fed Support Isn’t Forever
Oaktree Capital co-chairman Howard Marks says that while the Fed’s efforts have bolstered debt prices, the support is temporary and credit markets will become distressed when the Fed support lets…