Since its first fund in 1937, Putnam Investments has gradually evolved as one of the most renowned financial investment companies in the world. Putnam had assets of $171 billion under its management as of November 2017, of which mutual fund assets comprised $79 billion. The fund family allocated its assets in more than 70 mutual…
The set of charts below highlights the performance of the S&P 500 throughout 2017. In the top chart, we break down performance by month. The price line is green if the S&P posted gains during the month, and the line is red if the S&P posted a decline. As you can see, the index was up…
Several retailers are on the rise after MasterCard Spending Pulse, which tracks online and in-store spending, reported that holiday sales increased 4.9% this year, the largest year-over-year increase since 2011. HAPPY HOLIDAY SEASON: MasterCard SpendingPulse has reported that holiday sales increased 4.9% this year, setting a new record for dollars spent. This is the largest…
Despite the GOP’s tax reform victory, over the past few weeks, Congress once again punted on a formal decision how to keep government funded and what to do with America’s debt ceiling and as a result of US legislators simply kicked the can on the agreement of raising the nation’s borrowing limit for another few…
When last we checked in on America’s enormous student debt bubble it was … well … it was still an enormous bubble. Specifically, the amount of outstanding student debt in America is now larger than the entire USD junk bond market: So you know, that’s a shitshow and by that, we mean all of those…
This has been a banner year for stocks across the globe. This is especially true, as the global stock market has climbed every single month in 2017, for the first time in the 30-year history of the MSCI AC World Index, according to Charles Schwab. According to the Organization for Economic Cooperation and Development, all…
Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve’s monetary policies of the past 9 years is to generate the “wealth effect”: by pushing the valuations of stocks and bonds higher, American households will feel wealthier, and hence be more willing to borrow and spend,…
XRP/USD is currently trading at 0.993, just under the very round one dollar level. Ripple rolled over alongside other crypto-currencies in the crypto crash seen on Friday, just before the long Christmas weekend. And like other cryptocurrencies, the long weekend allowed some time for a rest and consolidation. For Ripple/USD, we see a convergence around parity. This convergence is…
The Boeing Company’s (BA – Free Report) business division, Defense, Space & Security, recently secured a foreign military sales (FMS) contract worth $6.2 billion. Per the terms of the deal, the company will procure 36 new F-15QA aircraft that will be provided to the Qatar Emiri Air Force. The contract was awarded by the Air Force Life…
The strong advance in international (global ex-US) equity markets this year slowed down in the final quarter as advanced-economy markets consolidated their substantial gains and some emerging markets gave back part of their earlier advances. Latin American markets were hit by weakness in commodity markets, weakness in the Brazilian economy, and Mexican concerns about its…
