For some people, such as the Horseman Global hedge fund which has been net short since 2012, fighting the Fed can be profitable (even if March was a different story). For others, it is become a nightmare. One such person is Crispin Odey who has - so far - had a truly terrible year.
Coming off a year in which Wall Street experienced the lowest average bonus since 2012, it now has to brace itself for new regulation on incentive compensation. One of the last pieces of Dodd-Frank to be written and implemented, regulators are looking to firm up the rules surrounding incentive pay for banks. The final regulation, once agreed upon, will not just apply to banks, it will also apply to investment advisers, broker dealers, credit unions, and executives at mortgage finance companies Fannie Mae and Freddie Mac according to the Wall Street Journal.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Market Cycles And Expected Outcomes
The “Visual Capitalist” website had a terrific market diagram explain the “best time to buy stocks.”
“Is it possible to time the market cycle to capture big gains?
Like many controversial topics in investing, there is no real professional consensus on market timing. Academics claim that it’s not possible, while traders and chartists swear by the idea.
Google, pardon Alphabet, may have just killed the strong earnings narrative. Moments ago advertising behemoth (with various ancillary services) GOOGL reported Q1 earnings and sales, and both were a miss.
Virtually every other data point was also a miss:
Stocks suffer their biggest down day in 2 weeks...
http://www.youtube.com/watch?v=wjUzpCslLh0
It all looked so hopeful early this morning as those pajama-players bid us back to cycle highs...and then it all fell apart...
As metals were smacked lower by a China margin hike...
Dow lost 18,000, S&P lost 2,100 but Trannies were the worst on the day...Nasdaq managed tro get green at the death...