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Los analistas de gigantes como Goldman Sachs, Citigroup o JPMorgan lidian con jornadas de hasta 20 horas diarias durante sus primeros años, lo que empieza a generar rechazo entre el talento más joven. Leer

Los analistas de gigantes como Goldman Sachs, Citigroup o JPMorgan lidian con jornadas de hasta 20 horas diarias durante sus primeros años, lo que empieza a generar rechazo entre el talento más joven. Leer

La operadora se dispara un 10,81% impulsada por sus buenos resultados. Acciona se anima apoyada en su filial de renovables. Leer

In his quest for personal power, he’s rejected Deng Xiaoping’s economic reform path and turned the Communist Party into an assemblage of yes-men.

Wall Street ekes out advances while European equities notch up 10 consecutive sessions of record closing highs

Added to: JHG CMCSA GE IVZ

Added to: IEP XRX

A third of young adults in NJ have ‘boomeranged’ back to their parent’s homes over the past year, poll finds.

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Q2 2021 hedge fund letters, conferences and more

The Boomerang Generation

‘Boomerangers’... ‘Going Nowhere Generation’... ‘Growing Ups’... ‘Failed Fledglings’... Whichever term you choose to associate with the rise in adult kids moving back in with their parents, it has led to significant changes in living arrangements for everyone involved. Whether it’s a result of the red hot real estate market, the pandemic-hit economy, or simply a desire to save money by moving back home, many parents whose kids have boomeranged have had to alter their retirement plans and finances in line with having a full nest again.

A survey of 3,500 by ISoldMyHouse.com has revealed that over 1 in 3 young adults (35%; 18-35) in NJ have moved back in with their parents over the past year - compared to a national average of 36%. And aside from free housing, the research found that 16% have received financial support from their parents.

Some parents may hope that this current boomerang generation represents a temporary pandemic-bolstered blip, likely to resolve itself as restrictions are eased and the economy expands. However, the reality is that the pandemic amplified a trend that has been on the rise over the last few decades. Indeed, sustainable economic independence has been steadily receding and fewer young adults are getting married.

The average rent for homes increased 7.9% over the past year. In some urban areas, the surge has climbed as high as 12%. This is a result of urban renters in pursuit of more living space (possibly brought on by spending months on end in their homes during lockdown), a well as ongoing pressure from ageing millennials. In fact this represents the largest spike in rent for single-family homes in nearly 15 years. Moreover, house prices have increased 26% over the past year, diminishing any hopes of getting onto the property ladder.

Is This Trend Good Or Bad?

Whether this growing boomerang trend is a good or a bad thing depends to a certain degree on who you are asking. Is moving back in with parents a sign of failure, or a shrewd financial move designed to put young adults in a better position when they finally fly the coop? According to the survey, moving back in with parents is a prudent move – a whopping 2 in 3 (72%) ‘boomerangers’ feel this is the case!

However, on the other side of the coin, the point of view is more opaque… The survey revealed that many parents are not overly enthusiastic about the situation – 27% of parents in the Garden State say they feel burdened by having to house their non-rent paying tenants. This is perhaps unsurprising – 15% say they have had to delay retirement plans in order to support their adult children. Moreover, 1 in 3 parents who had previous intentions to downsize the family home, are now unable to do so. In fact, over 1 in 5 (22%) say they are considering upscaling in order to accommodate them.

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“Although moving back in with parents can be seen as a step backwards,” says Kris Lippi of ISoldMyHouse.com, “looking at it from a sociological point of view, what has happened is entirely predictable - this generation of young adults have been priced out of the real estate market in a way that their parents never were, and many have lost their jobs due to the pandemic. If moving back in with parents helps young people’s mental and financial health, then it has to be a positive thing to do."

Updated on Aug 13, 2021, 4:46 pm

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Bought: SJR IS RTPY GTX SKINW NE RTPYW
Added to: MU FB QRVO TBPH

In his Weekend Reading Notes to investors, while commenting on the 10-year Treasury yields, Louis Navellier wrote:

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Q2 2021 hedge fund letters, conferences and more

The drama last week was not so much in the stock market as in the 10-year Treasury yields, when they dropped like a rock to 1.12%, then rose sharply on better-than-expected economic data to touch 1.30%.

Will 10-Year Treasury Yields Continue To Rise?

The question now is: Will they continue to rise, or head back towards 1%?

The way the stock market has been trading in 2021, we’ve seen the so-called reflation trade, dubbed more crudely as “value” – the financials, energy, and industrials – liking the higher Treasury yields, while the technology trade tends to outperform when Treasury yields are subdued or at least not rising quickly.

If the Delta Covid variant turns out to be a problem – and so far, the issues are big only in states with low vaccination rates – then 10-year Treasury yields will likely fall again. Then we have the Lambda variant, and we will likely see other mutations that we have not even discovered (or named) yet.

If people are vaccinated and the virus burns itself out, it will stop mutating; but most of the world is far behind the United States and other developed countries, so my guess is that Covid is far from burning itself out. That means there are likely more twists and turns coming in the coronavirus drama.

The most bullish thing for the stock market that the bond market can do is for the 10-year rate to stay above 1.3% (roughly the vicinity of its 200-day moving average). The most bearish thing for the stock market that the bond market can do is for 10-year Treasury yields to fall straight back down and take out the low of 1.12%. That would mean that the pandemic is not under control (globally) and economic problems from it will continue to plague the stock market.

This week’s trading will give us a lot of clues as to what the bond market is about to do. For Treasury yields to head straight back down to 1% or below would mean that we have an economic problem.

Bitcoin is Also at Major Resistance Levels

The impressive 50% or so rebound since breaking $30,000 conclusively puts bitcoin right under its 200-day moving average, where most of the trading has occurred since mid-May. That level is also near the neckline of a major head-and-shoulders top that broke in May, putting it at a major resistance area.

When it comes to any “support” and “resistance” levels, the key point to note is that they are not precise points, but more like “areas.” The most bearish thing bitcoin can do now is to take out $30,000. I think that’s coming, as regulation against bitcoin and taxation plans in Congress are coming, since Democrats are furious at the inability to collect capital gains taxes on bitcoin transactions. Since they need the money for their spending plans, it’s a safe bet that more regulation and taxation are coming.

Then we have China’s digital yuan push and crackdown against bitcoin, which may very well intensify as the digital yuan is launched. We also had Cathie Wood, Elon Musk, and some other bitcoin aficionados going to a bitcoin conference to express their bitcoin enthusiasm, which caused a violent rally. This, coupled with major exchanges reducing margin loans, caused a rather virulent short squeeze rally.

To me, it looks like a short squeeze rally right into a major resistance area. I think bitcoin will fail here and decline below $30,000.

Updated on Aug 13, 2021, 4:45 pm

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The Dow and S&P 500 closed the week at record highs as investors drew confidence from a blockbuster round of earnings.

Bought: CRM
Added to: GSHD BAM ADBE

The S&P 500 is up around 425% since 2003. That’s good enough for an annual return of roughly 9.5% per year. Pretty good. Here’s a chart comparing the S&P to a mystery asset that’s performed even better: It’s up almost 11% per year in this time with a much smoother upward trajectory. Hedge fund managers would kill for an equity line that looks like this. Any guesses? OK, trick question. Its...

A classic capitalist enterprise attacks capitalism.

Updated on August 13th, 2021 by Bob Ciura Monthly dividend stocks are unique in their ability to generate consistent dividend income for their shareholders. There are not many monthly dividend stocks. But they could be appealing for certain income investors, such as retirees, who desire more frequent payments than the traditional quarterly dividend payers. With […]

The post Monthly Dividend Stock In Focus: Chorus Aviation appeared first on Sure Dividend.

How an alleged thief morphed into a self-styled vigilante who captivated the digital asset world

How an alleged thief morphed into a self-styled vigilante who captivated the digital asset world

El distribuidor químico gana 9,8 millones pese al descenso de la facturación del 7%, hasta los 776 millones, principalmente vinculada a la caída de la producción industrial y de los precios. Leer

Hello everybody!
I'm from Dallas and recently got into this hobby because of a combination of my packrat habits, my overly paranoid security habits, and my companies Covid benefits package!

I'm a natural packrat. And a few months ago I was cleaning my workshop and came across a stack of hard drives from every PC I'd owned back to around 1995.

I'm a paranoid person because I work in IT security and know it's never safe to throw away an old hard drive, but needed some way I'd feel...

Hello from Dallas (Obligatory first melt post!)

Whitney Tilson’s email to investors discussing the three-year anniversary of Elon Musk’s ‘funding secured’ tweet; 100 biggest companies in the world; Freedom Holding Corp (NASDAQ:FRHC): the red flag factory in belize.

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Q2 2021 hedge fund letters, conferences and more

Elon Musk's 'Funding Secured' Tweet

1) Tesla Inc (NASDAQ:TSLA) CEO Elon Musk posted his infamous "funding secured" tweet three years ago this week:

Of course, he didn't have funding secured, so he got in a lot of hot water with the U.S. Securities and Exchange Commission – but no matter: TSLA shares are up nearly 10 times since then.

While I would have given 100-to-1 odds against this outcome, at least I had the good sense to recognize that this open-ended situation was a bad short (as I said then – and continue to say)...

100 Biggest Companies In The World

2) A hat tip to VisualCapitalist for this interesting graphic of the world's 100 biggest companies in 2021 by market cap, showing country and industry:

Freedom Holding: The Red Flag Factory In Belize

3) In my January 5 e-mail, I wrote:

My friend Roddy Boyd at the Foundation for Financial Journalism recently exposed one of the most obvious promotions I've seen in quite some time – which has a $3 billion market cap! Freedom Holding: After 'Borat,' the Silliest Kazakh Import of the Century.

Since then, it's even clearer that the company is a promotion at best and fraud at worst, yet the stock is up 30%. Here's Roddy with an update: Freedom Holding: The Red Flag Factory in Belize. Excerpt:

Freedom Holding has some explaining to do.

The financial services firm has quite improbably become one of the fastest growing companies on the planet. It lists its shares on the Nasdaq, is incorporated in Las Vegas, but for all intents and purposes runs its operations mostly in Kazakhstan.

As a December investigation by the Foundation for Financial Journalism showed, Freedom Holding's ballooning profits have resulted from baffling and opaque business practices that its management is not keen to discuss.

Among the arrangements is Freedom Holding's close connection to FFIN Brokerage Services, a Belize-based securities trading firm owned by Timur Turlov. He also is Freedom Holding's billionaire founder and majority shareholder.

Even the most seasoned investor has probably not witnessed related-party transactions of the scope of FFIN's dealings with Freedom Holding.

Last year more than 56% of Freedom Holding's revenue came from FFIN commission payments, and in 2019 they represented over 65%. What Freedom Holding does to earn the commissions is not readily apparent, however. Yet the two companies are so intertwined – Freedom Holding's senior managers use FFIN email accounts – it's not clear the two companies are separate in any real sense.

Let me get this straight... This is a business incorporated in Las Vegas, headquartered in Kazakhstan, which earns the majority of its revenue in commissions from a Belize-based securities trading firm, and earns most of its profits from a unit in Cyprus...

How is this even allowed to trade on a U.S. exchange?

Best regards,

Whitney

P.S. I welcome your feedback at WTDfeedback@empirefinancialresearch.com.

Updated on Aug 13, 2021, 2:51 pm

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