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%.
PIMCO’s Q3 Outflows Top 5% of Assets
The big bond shop’s AUM declined by about $23.5 billion after Bill Gross departed for Janus.
SEC’s Gallagher Warns of Bond Bubble
Retail investors would be most vulnerable to a sell-off in the $10 trillion bond market, the commissioner says.
PIMCO’s Bond ETF Woes Widespread in Industry: Morningstar Expert
Morningstar’s Michael Herbst says other fund families in the fixed-income space are also likely to have same pricing problems as PIMCO’s.
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.
Top Portfolio Products: Hartford Funds Launches Global Long/Short Fund
Meanwhile, Invesco introduces a fund focused on master limited partnerships.
Student Debt Bubble Worries Are Overblown: PIMCO
Pent-up demand for housing, along with the higher wages of college grads, will boost the economy in the long term, PIMCO analysts say.
Is Warren Buffett a Hypocrite on Taxes?
Hold the pickles, hold the lettuce, special tax deals don’t upset Warren Buffett, who's having it his way with the Burger King tax inversion.
The Shriveling of America's Tax Base
The low-tax route to global economic crisis.
Are We in a Bond Bubble? John Mauldin Says Yes, Others...
Millennium Wave Advisors' Mauldin says debt day of reckoning is coming and Dallas Fed's Fisher sees "hyper-robust" bond market, but other advisors think they're crying wolf.