Investment Times Daily

CEFL (NYSEARCA:CEFL) has rallied nearly 50% from the market mini-crash earlier this year which represents one of the biggest reversals in 2016.

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Brookfield Asset Management (NYSE:BAM) is a global alternative asset manager whose specialty is investing in “real assets” – this is primarily property, renewable energy sources, infrastructure, and private equity. Brookfield is a juggernaut in the asset management industry.

The S&P 500 (SPY), (IVE), (SH), (VOO), (SSO), (SDS), (IVV), (SPXU), (UPRO) has been sidelining since mid July. Currently at 2.168, the index has been trading at the border of the positive trend line initiated in February 2016, which has been providing support to the index.

Two weeks ago, the Federal Reserve (“FED”) leaders decided not to increase the bank’s key interest rate. The FED is still waiting for the right moment to raise interest rates. Some say that a possible rate hike could occur later this year but that remains to be seen.

If you exclude the energy sector that got crushed by plunging oil prices, the worst performing sector over the past three years has been the financials. That’s what tends to happen when you operate in one of the lowest interest rate environments in history.

Someone has perfected a playbook for pulling webpages off Google, according to a new post by UCLA lawyer Eugene Volokh. Volokh finds a series of unusual court cases that resulted in web pages being de-indexed by Google, making them unavailable to Search or other services.

In what can only be described as good news for the retail investor, BlackRock (NYSE:BLK) has cut fees for 15 ETFs in its “Core” line-up. The changes in the net expense ratio for these 15 ETFs are shown in the table and chart below.

I’m going to get this out quick so please pardon me if there are minor errors. The municipal bond market has been under pressure recently over the fears of rising interest rates and those fears can just be magnified in the CEF space because municipal bond CEFs generally use heavy doses of leverage.

If you live in New York City long enough and appear to be successfully employed in an industry that Bernie Sanders dislikes, you will be asked at some point to do three things: sponsor a table at a vanity fund-raiser, become a “producer” of a Broadway play, and invest in a restaurant.