Bill Gross Sees Billionaire Tax As "Necessary Evil" To Fight Deficit
The former Bond King, long one of the most vocal critics of post-crisis stimulus, now sounds like a near-convert to modern monetary theory.
The former Bond King, long one of the most vocal critics of post-crisis stimulus, now sounds like a near-convert to modern monetary theory.
He called on the company to refrain from appointing a new chief executive officer until he had the chance to do so.
This year’s rally in Treasuries is an opportunity to sell or get short before the Federal Reserve signals more tightening later this year.
As for sectors that LPL is watching with caution include utilities and telecoms. The reason? They're more defensive and unlikely to move either way.
“Investors should still be overweight global equities, but should be very focused upgrading the quality of what you own,” Lazard's Ronald Temple says.
“I think you‘re seeing that nothing is going to get done,” the Avenue Capital co-founder said last week, pointing to "problem after problem" ahead.
While he never mentioned Trump by name, he seemingly chastised the president for boasting about his role in the country’s economic success.