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  • Seth Klarman Says Fed Is Infantilizing Investors in ‘Surreal’ Market

    Seth Klarman Says Fed Is Infantilizing Investors in ‘Surreal’ Market(Bloomberg) — Seth Klarman said the Federal Reserve is treating investors like children and is helping create bizarre market conditions that are unsupported by economic data.“Surreal doesn’t even begin to describe this moment,” Klarman said in a letter to investors reviewed by Bloomberg News. Investor “psychology is surprisingly ebullient even though business fundamentals are often dreadful,” he added.The culprit is the Fed, Klarman said in the 16-page letter.“Investors are being infantilized by the relentless Federal Reserve activity,” said Klarman, who runs hedge fund firm Baupost Group. “It’s as if the Fed considers them foolish children, unable to rationally set the prices of securities so it must intervene. When the market has a tantrum, the benevolent Fed has a soothing yet enabling response.”Going further, he said: “As with the 30-year-olds still living in their parents’ basements, we can only wonder whether the markets will ever be expected to make it on their own.”While Klarman didn’t disclose Baupost’s performance, he said his fund had strong gains and “we were significant net sellers as prices rallied strongly” in the second quarter.Baupost’s cash balance was 31% on June 30, up from 26% disclosed in April, the result of selling a recently purchased portfolio of mortgage-backed securities and corporate debt holding, as well as net stock sales.A Baupost spokeswoman didn’t immediately respond to an email seeking comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    from Yahoo Finance https://ift.tt/39GHWUX

    30 July 2020
  • What Should You Know About Bad Credit Lenders

    Almost everybody at least once in their life was in need of lending money. The usual way is to apply for credit. Weddings, honeymoons, a new car, these are the usual reasons why people nowadays are applying for credits. In other words, lending money from a financial institution is a contract where you get the Read More…

    The post What Should You Know About Bad Credit Lenders appeared first on Wall Street Survivor.

    source https://blog.wallstreetsurvivor.com/2020/07/30/what-should-you-know-about-bad-credit-lenders/

    30 July 2020
  • Best Online Auto Lenders 2020

    One of the most important things in your life that might make a huge difference is the loans you decide to take. If you are at that point in your life where you feel like you need to buy a car, then you have to make sure that you have enough background information before making Read More…

    The post Best Online Auto Lenders 2020 appeared first on Wall Street Survivor.

    source https://blog.wallstreetsurvivor.com/2020/07/30/best-online-auto-lenders-2020/

    30 July 2020
  • Pfizer Inc. Just Missed EPS By 16%: Here’s What Analysts Think Will Happen Next

    Pfizer Inc. Just Missed EPS By 16%: Here's What Analysts Think Will Happen NextAs you might know, Pfizer Inc. (NYSE:PFE) recently reported its second-quarter numbers. It was not a great result…

    from Yahoo Finance https://ift.tt/3geiJ6X

    30 July 2020
  • Las Vegas Sands Corp. (NYSE:LVS) Analysts Are More Bearish Than They Used To Be

    Las Vegas Sands Corp. (NYSE:LVS) Analysts Are More Bearish Than They Used To BeToday is shaping up negative for Las Vegas Sands Corp. (NYSE:LVS) shareholders, with the analysts delivering a…

    from Yahoo Finance https://ift.tt/3hRwclz

    30 July 2020
  • Community Health Systems, Inc. Beat Analyst Profit Forecasts, And Analysts Have New Estimates

    Community Health Systems, Inc. Beat Analyst Profit Forecasts, And Analysts Have New EstimatesShareholders of Community Health Systems, Inc. (NYSE:CYH) will be pleased this week, given that the stock price is up…

    from Yahoo Finance https://ift.tt/3jU3K49

    30 July 2020
  • Exclusive: Exxon prepares spending, job cuts in last ditch move to save dividend

    Exclusive: Exxon prepares spending, job cuts in last ditch move to save dividendExxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming. The largest U.S. oil company slashed this year’s budget by 30% in April, but Chief Executive Darren Woods’s turnaround through rebounding demand and increased asset sales have not panned out and losses are climbing. On Friday, Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data, on sharply lower prices and weaker production, the first back-to-back quarterly losses in at least 36 years.

    from Yahoo Finance https://ift.tt/2D5OoJj

    30 July 2020
  • A day in the life of a Forex trader

    Forex trading is usually considered a very strenuous activity for the individual, but most traders say that they feel quite relaxed most of the time. In order to clear up some misconceptions about forex trading in general, it’s a good idea to look at it the way a daily forex trader looks at it. It’s Read More…

    The post A day in the life of a Forex trader appeared first on Wall Street Survivor.

    source https://blog.wallstreetsurvivor.com/2020/07/30/a-day-in-the-life-of-a-forex-trader/

    30 July 2020
  • JetBlue Airways Corporation (NASDAQ:JBLU) Analysts Just Cut Their EPS Forecasts Substantially

    JetBlue Airways Corporation (NASDAQ:JBLU) Analysts Just Cut Their EPS Forecasts SubstantiallyToday is shaping up negative for JetBlue Airways Corporation (NASDAQ:JBLU) shareholders, with the analysts delivering…

    from Yahoo Finance https://ift.tt/3jU96wu

    30 July 2020
  • HBO Now Will Become ‘HBO’ App on Amazon Fire TV as of Aug. 1

    HBO Now Will Become ‘HBO’ App on Amazon Fire TV as of Aug. 1Amid the stalled talks between Amazon and WarnerMedia over getting HBO Max on Fire TV devices, the two sides reached an agreement on one front, at least: Fire TV users who subscribe to HBO Now will continue to be able to access the service, which is being rebranded simply as HBO, as of Aug. 1. […]

    from Yahoo Finance https://ift.tt/39IpE5H

    30 July 2020
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