“Policy makers can dampen volatility but they have far less influence over achieving economic outcomes”

This morning, a hedge fund manager with a large position in embattled pharma company Valeant held a three hour conference call to assuage investor concerns about its 50% crash over the last few months. It’s not working so far, the stock is bleeding all over the exchange as of this posting. My take on whether…

there’s a lot to think about here.

…but that doesn’t mean that they’ll put that spending power to work! Although betting against the US consumer’s proclivity to buy stuff has not been a great bet historically… OK, enough dissembling. Here’s Lord Abbett’s Milton Ezrati making the case that households are in better shape than most give them credit for: Households, still some…

Importantly of note, the Fed completely eliminated this statement from their September meeting:

Before there was the Wolf and a century before Bernie, there was “the Jackal of Wall Street.”

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $120 billion and counting that advisors manage on the Riskalyze platform*. I…

This is an actual hedge fund that exists that you – some of you – are putting money into: