Financial Advisers News
Thursday, June 8, 2023
  • Market Overview
    Stock market today: Live updates

    Stock market today: Live updates

    Britain to join CPTPP in biggest trade deal since Brexit

    Britain to join CPTPP in biggest trade deal since Brexit

    Most Adani shares continue losses; founder loses $28 billion in month

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    FTX CEO Sam Bankman-Fried denies crypto exchange fraud

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    Trenches, endless mud and death: the Battle of Bakhmut

    Trenches, endless mud and death: the Battle of Bakhmut

  • Stock Markets
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    Global money market funds see strong demand for fifth week in a row By Reuters

    Global money market funds see strong demand for fifth week in a row By Reuters

    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

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    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

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    Coppock Curve: Who Says ‘You Can’t Time The Market’?

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    Rondure Global Advisors Q3 2022 Commentary

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    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

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    Macro Headwinds To Keep Pressure On Copper Prices

    Macro Headwinds To Keep Pressure On Copper Prices

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    Meta executive says holiday sales were earlier and bigger this year By Reuters

  • Analysis Forex
    Russians Relearn Black-Market Tricks to Get Their Money Out

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    JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs

    JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs

    Pension Investments in Private Credit Hit Eight-Year High

    Pension Investments in Private Credit Hit Eight-Year High

    Most Viewed Business News Articles, Top News Articles

    Most Viewed Business News Articles, Top News Articles

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Inequality in Society Drives Stock-Market Performance

    Inequality in Society Drives Stock-Market Performance

    Being a Cheap Date Is Suddenly a Major Plus

    Being a Cheap Date Is Suddenly a Major Plus

  • Economy
    Insurers’ climate alliance loses nearly half its members after more quit By Reuters

    Insurers’ climate alliance loses nearly half its members after more quit By Reuters

    Kamala Harris announces Tanzania trade boost during Africa tour By Reuters

    Kamala Harris announces Tanzania trade boost during Africa tour By Reuters

    Goldilocks and the three bears By Reuters

    Goldilocks and the three bears By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    Indonesia November inflation cools further but stays above target By Reuters

    U.S. appeals court rejects Biden’s bid to revive student debt plan By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    IMF strategy chief heads to China, to focus on speeding up debt treatments By Reuters

    Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

    European shares jump on Powell’s speech, China relief By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

    China factory, services activities slide to 7-month lows on COVID curbs By Reuters

    Zambia on track for debt restructuring next quarter -finance minister By Reuters

  • Cryptocurrency
    Bulls Rally LDO Price to a 7-Day High, Will Bullish Momentum Persist? By CoinEdition

    Bulls Rally LDO Price to a 7-Day High, Will Bullish Momentum Persist? By CoinEdition

    Here’s how the crypto industry is using artificial intelligence By Cointelegraph

    Here’s how the crypto industry is using artificial intelligence By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Over 3,000 New UNI Addresses Following NFT Aggregator Launch By CoinEdition

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    FTX Token caused downfall, but tech still revolutionary By Cointelegraph

    Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more… By Cointelegraph

  • Forex
    Yen firms on policymaker meeting, dollar swings after debt deal By Reuters

    Yen firms on policymaker meeting, dollar swings after debt deal By Reuters

    Dollar edges higher, but set for weak quarter ahead of key inflation data By Investing.com

    Dollar edges higher, but set for weak quarter ahead of key inflation data By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

  • Commodities
    Explainer-Why is OPEC+ cutting oil output? By Reuters

    Explainer-Why is OPEC+ cutting oil output? By Reuters

    Oil dips, set for monthly drop, ahead of key U.S. inflation data By Reuters

    Oil dips, set for monthly drop, ahead of key U.S. inflation data By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    Exclusive: China to allow home quarantine for some infected with COVID

    EU defends gas price cap proposal after country criticism By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

  • Bonds
  • More
    • Analysis Cryptocurrency
    • Economic Indicators
      Kamala Harris announces Tanzania trade boost during Africa tour By Reuters

      US consumer confidence dips in May

      Eurozone inflation slows by more than expected in March By Investing.com

      Eurozone inflation slows by more than expected in March By Investing.com

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Investors need a different playbook for 2023

      Investors need a different playbook for 2023

      Fed hints at less aggressive rate increase

      Fed hints at less aggressive rate increase

      FirstFT: EU and US turn up the heat on Elon Musk

      FirstFT: EU and US turn up the heat on Elon Musk

      Jay Powell is no dove

      Jay Powell is no dove

      Emerging market stocks and bonds stage powerful rebound rally

      Emerging market stocks and bonds stage powerful rebound rally

      Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

      India’s jobless rate rises to three-month high of 8% in Nov

    • Analysis Stock Markets
    • Crypto News
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  • Market Overview
    Stock market today: Live updates

    Stock market today: Live updates

    Britain to join CPTPP in biggest trade deal since Brexit

    Britain to join CPTPP in biggest trade deal since Brexit

    Most Adani shares continue losses; founder loses $28 billion in month

    Most Adani shares continue losses; founder loses $28 billion in month

    Russia-Ukraine war updates for Nov.30, 2022

    Russia-Ukraine war updates for Nov.30, 2022

    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

    Young disgruntled workers are flocking to Reddit. Here’s why

    Young disgruntled workers are flocking to Reddit. Here’s why

    FTX CEO Sam Bankman-Fried denies crypto exchange fraud

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    Trenches, endless mud and death: the Battle of Bakhmut

    Trenches, endless mud and death: the Battle of Bakhmut

  • Stock Markets
    Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules By Reuters

    Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules By Reuters

    Global money market funds see strong demand for fifth week in a row By Reuters

    Global money market funds see strong demand for fifth week in a row By Reuters

    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Rondure Global Advisors Q3 2022 Commentary

    Rondure Global Advisors Q3 2022 Commentary

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Macro Headwinds To Keep Pressure On Copper Prices

    Macro Headwinds To Keep Pressure On Copper Prices

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    Meta executive says holiday sales were earlier and bigger this year By Reuters

  • Analysis Forex
    Russians Relearn Black-Market Tricks to Get Their Money Out

    Russians Relearn Black-Market Tricks to Get Their Money Out

    JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs

    JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs

    Pension Investments in Private Credit Hit Eight-Year High

    Pension Investments in Private Credit Hit Eight-Year High

    Most Viewed Business News Articles, Top News Articles

    Most Viewed Business News Articles, Top News Articles

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Inequality in Society Drives Stock-Market Performance

    Inequality in Society Drives Stock-Market Performance

    Being a Cheap Date Is Suddenly a Major Plus

    Being a Cheap Date Is Suddenly a Major Plus

  • Economy
    Insurers’ climate alliance loses nearly half its members after more quit By Reuters

    Insurers’ climate alliance loses nearly half its members after more quit By Reuters

    Kamala Harris announces Tanzania trade boost during Africa tour By Reuters

    Kamala Harris announces Tanzania trade boost during Africa tour By Reuters

    Goldilocks and the three bears By Reuters

    Goldilocks and the three bears By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    Indonesia November inflation cools further but stays above target By Reuters

    U.S. appeals court rejects Biden’s bid to revive student debt plan By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    IMF strategy chief heads to China, to focus on speeding up debt treatments By Reuters

    Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

    European shares jump on Powell’s speech, China relief By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

    China factory, services activities slide to 7-month lows on COVID curbs By Reuters

    Zambia on track for debt restructuring next quarter -finance minister By Reuters

  • Cryptocurrency
    Bulls Rally LDO Price to a 7-Day High, Will Bullish Momentum Persist? By CoinEdition

    Bulls Rally LDO Price to a 7-Day High, Will Bullish Momentum Persist? By CoinEdition

    Here’s how the crypto industry is using artificial intelligence By Cointelegraph

    Here’s how the crypto industry is using artificial intelligence By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Over 3,000 New UNI Addresses Following NFT Aggregator Launch By CoinEdition

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    FTX Token caused downfall, but tech still revolutionary By Cointelegraph

    Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more… By Cointelegraph

  • Forex
    Yen firms on policymaker meeting, dollar swings after debt deal By Reuters

    Yen firms on policymaker meeting, dollar swings after debt deal By Reuters

    Dollar edges higher, but set for weak quarter ahead of key inflation data By Investing.com

    Dollar edges higher, but set for weak quarter ahead of key inflation data By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

  • Commodities
    Explainer-Why is OPEC+ cutting oil output? By Reuters

    Explainer-Why is OPEC+ cutting oil output? By Reuters

    Oil dips, set for monthly drop, ahead of key U.S. inflation data By Reuters

    Oil dips, set for monthly drop, ahead of key U.S. inflation data By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    Exclusive: China to allow home quarantine for some infected with COVID

    EU defends gas price cap proposal after country criticism By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

  • Bonds
  • More
    • Analysis Cryptocurrency
    • Economic Indicators
      Kamala Harris announces Tanzania trade boost during Africa tour By Reuters

      US consumer confidence dips in May

      Eurozone inflation slows by more than expected in March By Investing.com

      Eurozone inflation slows by more than expected in March By Investing.com

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Investors need a different playbook for 2023

      Investors need a different playbook for 2023

      Fed hints at less aggressive rate increase

      Fed hints at less aggressive rate increase

      FirstFT: EU and US turn up the heat on Elon Musk

      FirstFT: EU and US turn up the heat on Elon Musk

      Jay Powell is no dove

      Jay Powell is no dove

      Emerging market stocks and bonds stage powerful rebound rally

      Emerging market stocks and bonds stage powerful rebound rally

      Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

      India’s jobless rate rises to three-month high of 8% in Nov

    • Analysis Stock Markets
    • Crypto News
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Home Bonds

Tomorrow’s Bond Headlines, Today, Right Here

December 1, 2022
in Bonds
Here’s Why Wrapped Ethereum Isn’t in Trouble
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“Get tomorrow’s Bloomberg headline, today, at Contrarian Outlook!”

Our new slogan for 2023? Perhaps. I bring it up because our bond recession trade has already gained steam into an outright bandwagon.

Just three weeks ago, we contrarians shouted alone in the dividend woods. “Buy these safe bonds paying 4.2% before a 2023 recession!”

Our logic was simple. The Treasury bond hadn’t paid 4% or more in 14 years. With stocks looking shaky (to say the least!), the 4-handle coupon was attracting some whale buyers, including our man the “bond god” Jeffrey Gundlach (more on him in a moment).

The whales were hungry. They scooped up these Treasuries left and right, sinking the yield. As bonds become more attractive, their payouts plummet. The 10-year’s yield is already down to 3.7% as I write these words.

The yield drop resulted in a price pop. The fund we specifically recommended, iShares 20+ Year Treasury Bond ETF (NASDAQ:), is up a nifty 9%+ in less than three weeks. This gain annualizes to a 160% total return. Niiiiiiiiice.

Now, the bigwigs at Bloomberg want to hop on our bandwagon. Just this Sunday, the publication reported The Treasury Market’s Big Recession Trade Is Gathering Momentum.

Look, the momentum has already been gathered. We made 9% in weeks from a safe bond fund! You literally read it here first.

Now that the easy money has been made, we original thinkers have two choices:

  1. “Chase” the bandwagon we started (and Bloomberg promoted) with late money. Or,
  2. Find tomorrow’s next mainstream headline, today.
Bloomberg-Site-Logo

Bloomberg-Site-Logo

Of course we’re looking past the vanilla crowd for our next original idea. We’ll buy it now, so that they can rush in later. Heck, they can even take the credit. We don’t care. We are laser-focused on big yields and potential profits, in that order.

In this spirit, we turn back to our bond hero Mr. Gundlach. This year, his DoubleLine Income Solutions Fund (NYSE:) has been thrashed alongside most other bond funds!

Now, Gundlach’s fund did not suffer because he and his DoubleLine team picked bad bonds. Their bonds—some of which yield 7.5%, 9.25% and even 10.25%—are paying just find. DSL has not had an income problem.

It has had an interest rate problem.

Higher rates hurt funds like DSL two ways. First, they dent the price of the current portfolio. As rates rise, bond prices decline. After all, who wants to be locked into a fixed payment when rates are rising?

Second, rising short-term rates raise DSL’s borrowing costs. As a closed-end fund, the DoubleLine team has been able to borrow money for next-to-nothing in recent years.

Why wouldn’t they take more of those 7.5% to 10.25% coupons all day long when they can borrow at 1% or even 2%?

But when short-term rates rise, so does DSL’s cost of borrowing. Which does impact our dividend income a bit.

Fear not. There is light at the end of the tunnel. The Federal Reserve is almost done hiking short-term rates. Which means DSL’s cost of capital will soon hit its ceiling and eventually decline when we slide into the anticipated 2023 recession.

Also, the prices of its bonds have already begun rising, thanks to the break in the . Sure, 2022 has been a terrible year to date. But as with TLT, this poor recent performance presents a big opportunity for us mindful income seekers.

DSL investors have three ways to win here. First, the fund pays an electric 11.5% yield. Next, its NAV is likely to rise as both short and long rates decline. And finally, the fund trades today at a 4% discount, which means we are getting paid to ride shotgun with Gundlach.

DSL: 3 Ways to Win

DSL-3-Ways

DSL-3-Ways

And oh, by the way, DSL dishes its dividend monthly. That’s almost 1% every 30 days! Unheard of.

Disclosure: Brett Owens and Michael Foster are contrarian income investors who look for undervalued stocks/funds across the U.S. markets. Click here to learn how to profit from their strategies in the latest report, “7 Great Dividend Growth Stocks for a Secure Retirement.”

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