Bitcoin, blockchain not yet investible, CPPIB States

Mark Machin, the head of Canada Pension Plan Investment Board, stated he does not believe the bitcoin and blockchain area is “investible” however, but the nation’s biggest pension fund is tracking it with interest. “We are seeing it,” Mr. Machin said in a speech Monday. “I do not think it’s institutionally investible yet. It is […]

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Goldman’s seven highest-conviction investing calls for 2018

In 2018, Goldman Sachs Group Inc. is doubling back on the international economy. “Late-cycle optimism” is the main theme of the bank’s seven top trade theses, as outlined in a note Thursday by Francesco Garzarelli, co-head of international macro and markets. Goldman’s stance is far from “America First.” In danger assets, its strategists favor emerging […]

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Markets love tax cut hype, not the reality

Buy the rumour, sell the information. The term may get tossed around a reasonable amount, but that is precisely what’s happened when previous presidents have implemented tax cuts. Case in point: The Samp;P 500 index’s response to virtually every tax-relief bill signed into law because president John F. Kennedy. Taking a look at the Samp;P […]

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General Electric stock continues steep dive as shareholders pan CEO’s turnaround strategy

General Electric Co.’s stock plunge deepened because its top leaders failed to soothe shareholder concerns about the turnaround strategy for the embattled icon of American business. Chief executive John Flannery acknowledged that it is “show-me time” for investors as the company seeks to show tangible results in the overhaul he summarized a day ago. In […]

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Among the world’s biggest funds is slashing its exposure to stocks

The California Public Employees’ Retirement System, the biggest U.S. pension fund, is contemplating more than doubling its bond allocation to decrease volatility and risk since the stock bull market strategies nine decades. Calpers is considering a menu of choices for its fixed-income target which range from the current 19 percent to up to 44 percent, […]

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Emerging-market rally is really all about Technology

Home-market bias is still one of the fantastic inefficiencies in several portfolios. By way of instance, although almost half of U.S.-listed exchange-traded funds are committed to foreign stocks and bonds, some 67 percent of the total assets are invested in U.S. stocks and bonds. There is a relatively simple explanation: American investors are so accustomed […]

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