Tom Anderson

Join FINRA on our newest initiative: Get Your Head in the Trade—a campaign to help novice, self-directed investors conquer investing FOMO and be sure an investment is right for them. Go to FINRA.org/tradesmart to explore and share resources and tools to ignite investor understanding and confidence. Learn more here: https://bit.ly/4cUPKBI

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This is a comprehensive deep dive into how some private equity are linking their carried interest to impact objectives by Snehal Shah on New Private Markets, including a list of the funds we have come across with such a mechanism in place, and an exploration of why investors are divided over the merits... https://lnkd.in/dqRqNifi

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Do your clients ask how low U.S. #InterestRates will go? This video shows how the U.S. Fed’s flexibility to cut could benefit #bond investors, based on a key 40-year trend. #Fed #CapitalIdeas Important disclosures: https://bit.ly/2JzEDWl

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Small-cap stocks have been on a tear following the U.S. presidential election. In the latest episode of Bloomberg's Inside Active podcast, Mitch Zacks, CEO and Lead Portfolio Manager at Zacks Investment Management, joined David Cohne and Michael Casper, CFA for a discussion on the outlook for small caps and the importance of earnings-estimate revisions—one of the most important fundamental factors driving stock prices. You won't want to miss this insightful conversation: https://lnkd.in/dvKWCGYy #SmallCaps #Earnings #Zacks #StockPrices

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As pandemic-era stimulus dries up, municipal bond investors must weigh how fundamentals of state and local governments will cope. Capital Group fixed income portfolio manager Lee Chu discusses how she finds value in this space amid this shifting dynamic, potential impacts of the coming election and broader economic uncertainty. #CapGroupGlobal

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🎙️New #FidelityConnects podcast: 🎧 Earnings season takeaways. Portfolio Manager Joe Overdevest joined FidelityConnects to discuss: • The outlook on commodities & natural resources • Energy markets • The importance of trust & data as companies leverage AI Catch these insights on the go: https://ow.ly/TfJG30sEqr2 #FidelityCanada

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My EisnerAmper Engaging Alternatives Podcast with Brian Hirschmann, CFA, Managing Partner at Hirschmann Capital, shares his outlook for investing in gold mining equities including the greatest opportunities, challenges and more. #goldminingequities #alternativeinvestments #opportunities #challenges

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Higher income, lower volatility and less risk potential. Good deal, right? These are just a few reasons why core bonds are so attractive right now. CEO Mike Gitlin asks portfolio manager John Queen what the 10-year total return expectations could be for bonds. ▶️ Watch now on YouTube: https://bit.ly/4cGxvQZ Important disclosures: https://bit.ly/2JzEDWl #CoreBonds #TotalReturns #InvestmentPortfolio

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Private credit is here to stay, and it plays an essential role in providing financing solutions to privately held businesses. Learn more in our latest #Nuveenin90 with Laura Stolfi, Managing Director, Senior Investment Strategist at Churchill Asset Management.

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Private credit is here to stay, and it plays an essential role in providing financing solutions to privately held businesses. Learn more in our latest #Nuveenin90 with Laura Stolfi, Managing Director, Senior Investment Strategist at Churchill Asset Management.

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Big article in WSJ today on the question "Is the #yield curve indicator broken". What does that mean? -> Yield curve indicator looks at the shape of the yield curve, meaning how much (usually government) bonds yield over different maturities. - Normally, the longer an investor locks up his money, the more yield he can expect. - In special situations, the yield curve can "invert" -> short-term bonds yield more than long-term bonds. Why? - Because investors expect the central bank to cut rates soon, and want to lock in attractive rates as long as possible. But since the central bank would only cut rates if there was an economic slow-down, an inverted yield curve is seen as a predictor of an oncoming #recession. Is this time different? - With the yield curve being inverted now for 2 years, one could argue the indicator is broken. On the other hand, the US economy would be significantly weaker without a massive fiscal stimulus, currently amounting to 10.6% of #GDP. Link: https://lnkd.in/ePGXsmre

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Rate cuts, market volatility, and election jitters: Dimensional’s Quarterly Review provides perspective and reminders as we move toward the end of the year. https://lnkd.in/d2b-v_X4

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Capital Group economist Darrell Spence discusses his outlook for U.S. interest rates, inflation and the economy at the mid-point of 2024. Will the Fed cut rates this year? Is inflation still too high? And what’s the risk of a recession down the road? Darrell tackles those questions and more. Important disclosures: https://bit.ly/2JzEDWl .

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Markets started pricing in a likelihood of Fed rate cuts nearly one year ago. And now that central bank policy has finally shifted, investors are focusing on whether the U.S. and global economies are heading for a recession. Hear more from our latest Global Investment Committee outlook. https://bit.ly/47Pbn5w

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Four kernels of wisdom about navigating this unpredictable environment from a colleague, Multi-Asset Strategist Adam Berger. As he's written: "Asset owners—both investment professionals and boards—are used to being guided by some core 'rules of thumb.'" What happens when those rules of thumb are being challenged? 1) Allocators should tread carefully around seemingly broken rules and acknowledge the potential for a wider range of outcomes. 2) Asset owners should try to maintain balance in their portfolios so they can achieve reasonable results whether or not the rules are truly “broken” (perhaps the market behavior they expect is just delayed…). 3) Investors should align their portfolio positioning with their long-term confidence in each rule (e.g., there is a value/growth or a large cap/small cap cycle) and the potential pain if their view is wrong. 4) It’s also a good time to reinforce good governance and to review the core beliefs underlying asset owners’ investment policy. And some commentary from more of my colleagues exploring bull markets: https://lnkd.in/gyVKhE55

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