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Fund managers have not joined race into cheap, value stocks: BAML survey

3 days ago DieselGasoil Comments Off on Fund managers have not joined race into cheap, value stocks: BAML survey
LONDON (Reuters) – Fund managers have not piled into so-called value stocks, which have been shunned during the decade-long technology-led boom, even as shares in beaten-down companies have rallied over the past week, a key investor survey showed on Tuesday. Bank of America Merrill Lynch’s latest monthly survey of global managers, which was carried out Read More

U.S. value fund managers betting shift to value stocks won’t last

3 days ago DieselGasoil Comments Off on U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Read More

T. Boone Pickens, oilman turned raider turned trader, dies at 91

1 week ago DieselGasoil Comments Off on T. Boone Pickens, oilman turned raider turned trader, dies at 91
By Laurence Arnold on 9/11/2019 WASHINGTON (Bloomberg) – T. Boone Pickens, the onetime Texas oil wildcatter turned corporate raider who became a billionaire energy investor and television pitchman for wind and natural-gas power, has died. He was 91. He died Wednesday of natural causes, according to spokesman Jay Rosser. Pickens’s primary residence was in Dallas. Read More

New Bond film gives ancient Italian town £10m boost

1 week ago DieselGasoil Comments Off on New Bond film gives ancient Italian town £10m boost
By Andy Hayes, news reporter An ancient Italian town is set to receive a £10m boost after James Bond’s vintage Aston Martin screeched around its narrow alleys for the next 007 movie. Matera, which was first settled in the 10th millennium BC, hosted Bond’s trademark silver DB5 as it took tight corners and careered down Read More

Wall St. week ahead: Another recent inversion could provide support for stocks

2 weeks ago DieselGasoil Comments Off on Wall St. week ahead: Another recent inversion could provide support for stocks
NEW YORK (Reuters) – A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August. FILE PHOTO: A trader works on the trading floor at the New Read More

BAML: Buy risky assets as sentiment gets extremely bearish

3 weeks ago DieselGasoil Comments Off on BAML: Buy risky assets as sentiment gets extremely bearish
LONDON (Reuters) – Bank of America Merrill Lynch said on Friday its market sentiment indicator has fallen to a level so bearish it has triggered a “contrarian” buy signal for assets considered more risky, such as equities, for the first time since January. The bank’s “Bull & Bear” gauge of market sentiment has dropped to Read More

As U.S. Treasuries sizzle, some bond investors brace for possible sell-off

3 weeks ago DieselGasoil Comments Off on As U.S. Treasuries sizzle, some bond investors brace for possible sell-off
NEW YORK (Reuters) – While there seems to be no end on the horizon to this year’s dramatic rally in U.S. Treasuries that has collapsed yields more than a full percentage point, conditions are ripening for a reversal that could disrupt the market. FILE PHOTO: A trader looks at screens as he works on the Read More

Explainer: U.S. dollar intervention: What would it take?

3 weeks ago DieselGasoil Comments Off on Explainer: U.S. dollar intervention: What would it take?
NEW YORK (Reuters) – The strength of the U.S. dollar has long been a thorn in President Donald Trump’s side. That has put the almost unthinkable scenario of currency intervention up for debate in global foreign exchange circles. FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November Read More

U.S. stocks lose steam as hopes waver for U.S.-China trade deal

3 weeks ago DieselGasoil Comments Off on U.S. stocks lose steam as hopes waver for U.S.-China trade deal
NEW YORK (Reuters) – Equity indexes on Wall Street gave up earlier gains on Tuesday amid uncertainty over the prospects for a U.S.-China trade deal, while demand for U.S. treasuries and precious metals grew, showing an appetite for less-risky investments. Bond market investors showed a cautious picture as the margin on interest rates on U.S. Read More