S&P 500 Pares Biggest Loss Since 2011; Bonds Trim Rally
Jittery markets go through wild ride but recover at close. S&P lost 3% but ended day down 0.8%.
El-Erian Talks Jobs, Particularly Bill Gross’
Mohamed El-Erian, former PIMCO CEO, was surprised to hear the news of Gross’ departure.
Fed Keeps ‘Considerable Time’ Pledge as Growth Is ‘Moderate’
The Federal Reserve maintained a commitment to keep interest rates near zero for a “considerable time” after asset purchases are completed.
Gundlach: Inflation Worries ‘5 Years Too Early’
DoubleLine CEO Jeffrey Gundlach says “the market is not terribly concerned on the long end” when it comes to interest rates.
PIMCO’s Gross Used $45 Billion in Derivatives to Lift Fund Gain
Bill Gross is relying on derivatives rather than Janet Yellen to raise his returns on government bonds.
Gundlach: Don’t ‘Fight This Rally’ in Bonds
In his quarterly outlook, the DoubleLine CEO says forecasts of a rate hike are "almost comical" and holding currencies other than the dollar is "foolish."
QE Impact on Europe, Japan and U.S. Differ Greatly
The targets abroad are European unemployment and Japanese deflation.
What Could Keep S&P Above 2,000?
Investment experts like Jeremy Grantham point to the factors driving stocks higher — at least for now.
Liquid Alternatives: A Quick Coming of Age
In an unusual twist, the smart money appears to be following the small retail investor into alternative mutual funds, aka “liquid alts.”
Yellen Still Sees ‘Significant’ Under-Use of Labor Resources
Federal Reserve Chair Janet Yellen said slack remains in the U.S. labor market even after gains made during the five years of economic recovery.