An uptick in borrowing has come from high net-worth clients in brokerages, not from the consumer banks.» Read More
The big "bucks" keep flowing from Manhattan to Milwaukee.
Billionaire investor Jamie Dinan, founder of York Capital Management, has joined fellow hedge fund managers Marc Lasry of Avenue Capital and Wes Edens of Fortress Investment Group as a "substantial" owner of the NBA's Milwaukee Bucks.
Dinan became an owner in July, but it was first disclosed in a news release Thursday night announcing a separate group of new partial stakeholders. They include "community leaders and philanthropists" who the Bucks hope will represent a "bold new model of private, community and potentially public partnership."
"Marc, Wes and I are thrilled to have the Partners for Community Impact group join us on our quest to make the Bucks organization the best in basketball," Dinan said in a statement. "Since I joined as an owner in July, I have already seen the huge strides we have taken on making the Bucks an integral part of the Milwaukee community."
Steve Cohen is still minting money.
Rising public fear over Ebola poses potential obstacles to the global economy, with the worst-case impact along the lines of the 9/11 terror attacks and the 2003 SARS outbreak, according to a Goldman Sachs analysis.
Call it coincidence if you will, but the biggest initial public offering of all time also happened to hit Wall Street the same day the stock market peaked.
Almost at the exact moment, actually: Just eight minutes after Alibaba's much-ballyhooed Sept. 19 IPO—which soared at the start but fizzled soon after—hit the market, the S&P 500 stock index reached its all-time high and has dipped sharply since.
This would hardly be the first time a big public debut coincided with a top in the equity markets—think AT&T Wireless back in 2000 or Visa in 2008, both highly successful initially but ultimately harbingers that investor interest had peaked and was setting up for a fall.
So it's not surprising to hear market experts wondering whether Alibaba has sent up a similar flare.
Big names in real estate investing don't believe there's a market bubble.
Despite high valuations, homes, office buildings and other types of real estate remain attractive today, especially in comparison to other asset classes and given low interest rates, according to some deep-pocketed pros.
"We don't think there's a broad-based bubble in the real estate market today nor do we think there's one coming in the next year or two," said Chris Graham, a senior managing director at Starwood Capital Group, a $37 billion real estate investment firm.
"There's still room for upside here," Graham added during remarks Wednesday at iGlobal's Global Real Estate Private Equity Summit in New York.
Oil and gas companies like Hess, Anadarko, and Apache have been darlings of the hedge fund community in recent years, favored by such prominent players as Elliott, Citadel, and D.E. Shaw. But a reversal in the U.S. energy sector, exacerbated by a sharp and recent drop in the price of crude oil and natural gas, has hit those stocks hard, raising questions about whether those hedge funds are abandoning them.
Since June 30, the date of the last round of hedge fund filings on what stocks they hold, Hess has fallen 24 percent, Anadarko 23 percent, and Apache 29 percent—performances that weren't helped by a huge market swoon in U.S. trading Wednesday.
As the Dow fell as much as 450 points early Wednesday afternoon, multiple hedge fund traders said that the market was in liquidation mode and had been for several days, with money managers looking to dump shares whenever the market rallied modestly.
What is making the market volatile is pretty obvious. What is likely to keep it volatile is a little less so.
Wall Street pros have trotted out all the usual suspects to explain why the major averages have wiped out almost all their gains for the year: Europe, Ebola, ISIS and a pick-your-poison menu of other headwinds that have made a world full of promise suddenly appear to be a minefield without a map.
Underlying the investing climate is a general level of uncertainty.
A growing chorus of investors worry not simply that the world is changing but is doing so in ways for which policymakers are not prepared. How does the Federal Reserve unwind its massive easing measures? What happens if things don't go as planned? In the case of a big scare, particularly in the fixed income market, will a lack of buyers turn a selloff into a stampede?
"We're seeing this move for the third time," Peter Boockvar, chief strategist at The Lindsey Group, said in reference to the Fed likely exiting the third leg of its quantitative easing bond-buying program this month. "People are acting like they've never seen this before. This is what happens when QE ends. All the warts and blemishes start to matter."
Indeed, there are warts and blemishes aplenty, even amid the wine and roses.
On what could well be the worst day of the year—by a fairly wide margin—for stocks, futures activity smashed through to record levels.
Surging volume was pushing the Chicago Mercantile Exchange toward a single-day high, with 30 million contracts traded by 1:30 p.m. EDT. That easily topped the 26.9 million on May 29, 2013, according to a spokesman.
Early in the session, traders flocked to U.S. Treasury note futures, a move that helped push the benchmark government debt issue's yield below 2 percent for the first time since May 2013.
Trading also spiked, however, for eurodollar futures, in moves indicating a sentiment that interest rates are likely heading lower. (Eurodollar is not a trade of the euro versus the dollar, but rather a contract based on the yield of U.S. dollar-denominated deposits held across the world.)
That would mark a "sea change" in market sentiment, according to Andrew Wilkinson, who monitors options moves in his role as chief market analyst at Interactive Brokers.
If you can't beat the robots, join them.
That's what Betterment—the ultra-low cost, computer-driven personal portfolio service—hopes financial professionals will do with its new institutionally focused "robo-advisor" offering. Launched Wednesday, Betterment Institutional lets registered investment advisors, or RIAs, use a product that is seen by some as a threat to their relatively expensive and outdated money-management services.
Betterment's core retail product has gained attention recently as awareness of low-cost, passive money management—also called "digital" advising for its automatic allocations to exchange traded funds based on investor goals—has gained popularity with entrants such as Wealthfront and Vanguard Personal Advisor Services. Launched in 2010, Betterment now has 49,000 individual customers with $875 million invested as of Tuesday.
According to Betterment and its partners, the service will help advisors by eliminating or combining many traditionally cumbersome tasks, including a paper-based sign-up process; using multiple software programs for asset allocation and tax efficiency; going between separate brokerage and custodian vendors; and using multiple tools for tax and return reporting. The end result, they say, will be saved time and money.
If scary markets frighten you as much as scary movies, then you might want to keep your hands over your eyes for a while longer yet.
Though stocks staged a rally Tuesday, the issues that have bedeviled the market in 2014 haven't really gone away, in much the same way that horror movie legends Jason Voorhees, Michael Myers and Freddy Krueger seemed to keep coming back.
"Just when you think the selloff couldn't get any scarier, it did," Nick Colas, chief market strategist at ConvergEx, said Tuesday in a note to clients, the day after a frenzy of late-day selling brought the market to yet another negative close. The S&P 500 has lost 5.2 percent over the past month and is up a scant 1.9 percent for the calendar year.
Colas doesn't believe the selling is over yet, and in fact compiled a "top 10" list in an effort to provide some concrete signals that the 5½-year bull run is ready to resume.
"Bottom line: this is unlikely to be a dramatic 'V-bottom' low given the range of issues of concern to investors," he said. "Look for the majority of our 'Top 10' to stop going down before calling a bottom."
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
An uptick in borrowing has come from high net-worth clients in brokerages, not from the consumer banks.
The face of automation on Wall Street is a computer hooked up to nine blinking screens that goes by the name Quantitative Market Maker, or Q.M.M.
After a turbulent market week, some strategists are ready to call the all clear. But others say stocks could still test the lows of the past week.