07-13-2016, 10:43 PM
As the S&P 500 Index surges to an all-time high and bonds rally slightly following Brexit, Goldman Sachs says it is time to be afraid, very afraid. A team of Goldman analysts led by Christian Mueller-Glissmann wrote in a note to clients that markets have treated the referendum as a largely localized economic event that is likely to cause central banks to ease further. “Bonds could sell off sharply as a result of central bank disappointment, positive inflation and data surprises and/or illiquidity, which would likely drive weakness in equities and other risky assets, at least initially,” the team wrote.
Goldman Sachs Warns Investors About ‘Negative Growth Surprises’
The ETF industry has come a long way in 23 years, and indications are that it's only going to get bigger — a lot bigger. If projections from a PwC survey released this week hold up, assets for exchange-traded funds will nearly triple in the U.S. and more than double globally over the next five years. That comes after a decade of rapid expansion for an industry that has benefited from low costs and an ever-increasing array of new products in hot demand by institutional investors, and increasingly by the retail crowd as well.
ETF industry expected to nearly triple in US in next five years, PwC survey says
Investors have pulled the equivalent of $133 billion from global equity funds so far this year, according to a weekly fund flows report from Bank of America Merrill Lynch released Friday. Of that nearly $80 billion has been pulled from U.S. equity funds. But that hasn’t slowed the rally in U.S. stocks. Both the S&P 500 index SPX, +0.70% Dow Jones Industrial Average DJIA, +0.66% logged record closing highs Tuesday.
Here’s who’s driving stocks to record heights - MarketWatch
What could be more American than to pop a cold Budweiser, put a hot dog on the grill, slather it with Heinz ketchup, watch the kids chase the Good Humor Ice Cream truck, and maybe catch the latest summer blockbuster? Well, technically, you'd be drinking a beer owned by a Brazilian-Belgian conglomerate, your hot dog may well have come from Smithfield Foods, a Chinese-owned company, the Heinz ketchup partly owned by a Brazilian private equity group, the Good Humor Ice Cream truck part of a British-Dutch conglomerate, and the movie house you visit will likely belong to Dalian Wanda, a Chinese real estate giant that controls more U.S cinema screens than any American company.
The Fourth of July, Brought to You by Belgium, Brazil and China - Bloomberg View
Many employees take pride in personalizing their workspace. But while it’s not uncommon to see desks littered with action figures or cubicle walls cluttered with pictures, few people give much thought to the light around them. The intensity and type of light we live with during the workday can have a major impact on our health, happiness, and productivity. Even if you have little choice but to deal with the overhead fluorescents in a windowless office, there are still several steps you can take to make the light work for you.