As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice.
Your Money in the News
Trying to time the market can backfire
European stocks posted their worst month in four years, as investors weighed Federal Reserve comments for clues on the trajectory of interest rates, while confidence waned in China’s ability to prop up the market.
Mario Draghi may have skipped the Federal Reserve’s Jackson Hole symposium this year, but he can’t dodge its conclusion: central banks can’t steer inflation as well as they thought.
Federal Reserve Vice Chairman Stanley Fischer left open the option of an interest-rate increase next month, walking a line between officials who want to delay due to market turmoil and those who say the economy is strong enough to handle a move.
Here’s the bright side for all the investors who’ve been so worried about banks using less money to facilitate trading in the $8 trillion corporate-bond market: at least Wall Street wasn’t a big seller in this latest rout.
Two regional Federal Reserve presidents who will vote on policy next year said that while they are mindful of market volatility, they consider the U.S. economy strong enough to justify raising interest rates.
Consumer confidence declined in August to a three-month low as recent stock-market turbulence weighed on Americans’ outlook for the U.S. economy in the coming year.
Consumer purchases climbed in July as incomes grew, showing the biggest part of the U.S. economy was off to a good start to the quarter.
St. Louis Federal Reserve President James Bullard said that while world financial markets are volatile, U.S. fundamentals are good and the interest rate-setting Federal Open Market Committee shouldn’t alter its forecast for the economy.
Investment managers facing tough questions from regulators over what caused trading disruptions for hundreds of exchange-traded funds this week said they got hit by a double whammy.
While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34 million.
A technology breakdown at Bank of New York Mellon Corp., leaving it unable to price more than 10 percent of U.S. exchange-traded funds and some mutual funds, may be causing investors to overpay for them.
The financial benefits of fitness can be big
The dollar rose by the most in five months against the euro as U.S. stocks surged after better-than-expected data on capital goods orders bolstered the outlook for economic growth.
Videos: In The Money
Morgan Stanley Head of Global FX Strategy Hans Redeker discusses the yuan devaluation and what it means for Asia. He speaks to Bloomberg's Guy Johnson and Anna Edwards on "Countdown." (Source: Bloomberg)
Morgan Stanley Head of Global FX Strategy Hans Redeker discusses the U.S. dollar rally and why he says it will continue. He speaks to Bloomberg's Guy Johnson and Anna Edwards on "Countdown." (Source: Bloomberg)
Oil has dipped below $45 a barrel, but that hasn't derailed Iran's plans to restore output once the sanctions are lifted. Bloomberg's Elliott Gotkine reports on "Countdown." (Source: Bloomberg)
UBS Global Asset Management Portfolio Manager Tom Rivers discusses global markets, investor sentiment and why markets may see an upswing in the long-term. He speaks to Bloomberg's Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
When market chaos ensues, it's said that one should put emotion aside and go back to basics. Well, that's what's happening in the forex markets where traders are picking winners with one common denominator. Bloomberg's David Ingles reports on "Asia Edge." (Source: Bloomberg)