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Bassanese Bites: Taxing Times
March 26, 2017--The Week in Review
The key development last week was US President Trump's failure to get his health care changes through Congress. The US S&P 500 slumped 1.4% on Tuesday, and meandered at these lower levels for the rest of the week.
Trump has signalled he's given up trying to make changes in this area for the foreseeable future, arguing he'll simply let "Obamacare" implode on its own. Instead, Trump has set his sights on what the market really cares about-tax cuts!
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Source: BetaShares
ProShares No Longer Wants to Pay Charles Schwab to Sell Its ETFs
March 24, 2017-Firm is first to withdraw its shares from the commission-free platform
An exchange-traded fund supermarket that launched with some fanfare has lost one of its backers.
ProShare Advisors LLC has pulled out of an agreement to sell some of its ETFs through a Charles Schwab Corp. distribution system that offers commission-free online trades to consumers.
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Source: Wall Street Journal
CFTC.gov Commitments of Traders Reports Update
March 24, 2017--The current reports for the week of March 21, 2017 are now available.
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Source: CFTC.gov
iShares Launches New Core ETF
March 23, 2017--Blackrock's iShares has launched another developed-market ex-US equity ETF that provides broader international exposure.
The iShares Core MSCI International Developed Markets ETF (IDEV) seeks to track the MSCI World ex USE Investable Market Index, consisting of large-, mid-and small-cap stocks.
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Source: fundintelligence.global
Active Alts Launches The Active Alts Contrarian ETF
March 22, 2017--ETF industry veteran Brad Lamensdorf launched today The Active Alts Contrarian ETF (NASDAQ: SQZZ), a first-of-its-kind actively managed ETF that seeks capital appreciation by investing in companies with solid fundamentals that have very large short positions and are subject to a short squeeze.
Also, as a secondary investment strategy, Lamensdorf intends to lend out the hard-to-borrow securities in an effort to earn a stream of monthly income which has the potential to enhance the total return.
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Source: Active Alts Corp
A Fake $3.6 Trillion Deal Is Easy to Sneak Past the SEC
March 22, 2017--Fake reports get crazier and reveal threat to U.S. markets
Why an unknown artist can say he is richer than Bill Gates.
A few hours after the New York market close on Feb. 1, an obscure Chicago artist by the name of Antonio Lee told the world he had become the world's richest man.
The 32-year-old painter said Google's parent, Alphabet Inc., had bought his art company in exchange for a chunk of stock that made him wealthier than Microsoft Corp....
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Source: Bloomberg
Goldman building robo-adviser to give investment advice to the masses
March 22, 2017--Goldman Sachs Group Inc (GS.N), known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website.
A Goldman spokesman declined to comment.
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Source: Reuters
CFTC.gov Swaps Report Update
March 22, 2017-- CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Merk Insights-What's next for the Dollar, Gold & Stocks?
March 22, 2017--Two rate hikes since last year have weakened the dollar. Why is that, and what's ahead for dollar, currencies & gold?
And while we are at it, we'll chime in on what may be in store for the stock market...
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Source: Merk Investments
The Eurekahedge Report March 2017
March 21, 2017--March's issue of The Eurekahedge Report focuses on the US$1.5 trillion North American hedge funds industry along with an infographic summary.
Alongside our coverage of monthly returns, performance and asset flows, the report provide a strategy profile on activist hedge funds which have seen their assets dip below US$100 billion despite solid double digit gains in 2016.
view the North American Hedge Funds Infographic March 2017
Source: eurekahedge.com