(Bloomberg) — Warren Buffett’s high-class problem of too much cash and too few opportunities may be easing. His Berkshire Hathaway Inc. disclosed Friday that it had snapped up almost 30 million additional shares of Occidental Petroleum Corp., worth roughly $1.6 billion midday Monday amid volatility in stocks due to a potential ban on Russian oil […]
Read More(Bloomberg) — What’s safer than short-duration bonds? Even shorter duration debt. As investors brace for an increasingly aggressive Federal Reserve, money is flooding into cash-like ETFs — which are seen as relatively less vulnerable to interest-rate risk. Traders have been piling into exchange-traded funds mostly focused on ultra-short instruments like Treasury bills, while offloading ETFs […]
Read More(Bloomberg) — In the front-end of the U.S. rates curve, serious money is being put to work as traders position for the strong possibility that the Federal Reserve will hike interest rates at the March monetary policy meeting. The move follows a number of bank strategists adjusting forecasts and calling for the Fed to raise […]
Read MoreLast week, I returned from a two-week trip to Europe where I didn’t spend any money at all. Or at least not any cash. To be clear, I visited Finland, Sweden and Denmark without using any paper money (or coins). I never used any euros or krona or krone. And not only that, I never […]
Read More(Bloomberg) — Investors may be better off hedging equity portfolios with cash than bonds, according to Goldman Sachs Group Inc.’s Peter Oppenheimer. The chief global equity strategist told Bloomberg TV that while bonds have acted as a good counterweight to stocks for the past 20 years, low interest rates have changed the equation with him […]
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