FAI: Investors everywhere are going to have to rethink their strategy
Investors have been having a great time of it the last 30 years, benefiting from higher than average returns and lower than average volatility in the equity and bond markets. That's about to change, according to AllianceBernstein.
" We are not bearish, but we suggest that the scale of the problem that this poses for society sets the principal challenge for professional investors over the next decade ," the firm said.One of the biggest market leaders is flashing a warning sign , according to Andrew Adams, a market strategist at Raymond James. It's all about the yuan for anyone investing in China , according to PIMCO. And junk bonds can cause pain even if they don't default , according to Alliance Bernstein.
Here's how we'll know the bond bull market is dead, according to DoubleLine Capital founder Jeff Gundlach . Gundlach also fired shots at Bill Gross . Here's his full presentation on expensive stocks, the economy under Trump, and the Federal Reserve .
Oaktree cofounder Howard Marks says a piece of advice from Warren Buffett perfectly sums up the problem with economists, experts, and the media .
And here's a roundup of stories from across Wall Street :
President-elect Donald Trump just finished his first press conference in over 100 days. Here are the highlights:
- Trump says drug companies are "getting away with murder" - and biotech shares are plunging
- Lockheed Martin is sliding after Trump attacks the cost of the F-35
- Stocks tumbled into the red then rebounded during Trump's press conference
- The Mexican peso is all over the place
- 'I think it was Russia': Trump finally concedes Russia responsible for election-related hacking
- Trump team refuses to completely drop business ties: 'The president-elect should not be expected to destroy the company he built'
In related news, we talked to Wall Street's top political risk analyst about the refugee crisis, Vox Populi, and Trump's Twitter account . And Sen. Marco Rubio grilled President-elect Donald Trump's nominee for secretary of state at his confirmation hearing on Wednesday .Back on Wall Street, a startup backed by George Soros and Peter Thiel is in talks to do a big deal , and the US charged three former London-based FX traders over currency rigging .
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