<i>Breakfast with Benjamin:</i> Wall Street observers' resolve likely to be tested today, plus what could lift stocks out of their funk, solid earnings from Goldman Sachs and Janet Yellen's puzzle.
The bond market, unparalleled in predicting shifts in the U.S. economy over the decades, has a message: Interest rates aren't going to rise as high as even the Federal Reserve's own forecast.
Talking clients through the complexities of alternative investments requires simplicity and a focus on function.
Latest blow to REIT czar after $23 million accounting scandal at ARCP uncovered.
Fallout from ARCP accounting debacle continues as two more broker-dealers, including the largest in the U.S., have suspended the sale of REITs sponsored by companies controlled by Nicholas Schorsch.
Broker-dealer moves after National Planning Holdings <a href="//www.investmentnews.com/article/20141030/FREE/141039985/national-planning-holdings-puts-kibosh-on-arc-nontraded-reit-sales"" target=""_blank"" rel="noopener noreferrer">puts kibosh on ARC nontraded REIT sales</a> in wake of $23 million <a href="//www.investmentnews.com/article/20141029/FREE/141029902/schorschs-empire-jolted-by-23m-accounting-mishap"" target=""_blank"" rel="noopener noreferrer">accounting mishap</a> at Nick Schorsch's ARCP.
Friday's <i>Breakfast with Benjamin</i> menu: The market's jolt puts liquid alt strategies in the spotlight. Plus: Minding the next threshold for stocks, reminding clients to buy on the dip, Fed missed the mark on inflation, and don't forget to worry about China.
In the wake of spinning off its hotel portfolio, nontraded REIT cuts estimated share value by 42.4%; new estimated value is $4 per share.
More in line with the business of advisers who charge fees rather than brokers who receive a commission.
Group suggests gauging sophistication of individuals based on knowledge, or limiting the portion of a portfolio that can be invested in private placements.
Money manager says new definition will help determine whether funds are delivering on their promises.
Fees and performance are encouraging institutional investors to choose the less-expensive, more-regulated liquid route.
Changes would not take effect until 18 months after SEC signs off, three times longer than originally proposed.
Median price of existing home sale up more than 5% in September but sales down from a year ago.
Less transparency for new products seems in conflict with the SEC's interest in increased disclosure of mutual fund holdings.
<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.
This edition of <i>Breakfast with Benjamin</i> covers Bill Gross getting beaten at his own game, the SEC's focus on liquid alt funds, Obama's attack on corporate inversions, and more.
Aim is to create relevant benchmarks &ndash; and maybe a product.
Manager of the long-short fund calls asset decline 'natural organic redemption' but others see investor focus on return.
