Latest news with #Gallegos
CNBC
3 days ago
- Business
- CNBC
Investors are piling into big, short Treasury bets alongside Warren Buffett
Investors always pay close attention to bonds, and what the latest movement in prices and yields is saying about the economy. Right now, the action is telling investors to stick to the shorter-end of the fixed-income market with their maturities. "There's lots of concern and volatility, but on the short and middle end, we're seeing less volatility and stable yields," Joanna Gallegos, CEO and founder of bond ETF company BondBloxx, said on CNBC's "ETF Edge." The 3-month T-Bill right now is paying above 4.3%, annualized. The two-year is paying 3.9% while the 10-year is offering about 4.4%. ETF flows in 2025 show that it's the ultrashort opportunity that is attracting the most investors. The iShares 0-3 Month Treasury Bond ETF (SGOV) and SPDR Bloomberg 1-3 T-Bill ETF (BIL) are both among the top 10 ETFs in investor flows this year, taking in over $25 billion in assets. Only Vanguard Group's S&P 500 ETF (VOO) has taken in more new money from investors this year than SGOV, according to data. Vanguard's Short Term Bond ETF (BSV) is not far behind, with over $4 billion in flows this year, placing with the top 20 among all ETFs in year-to-date flows. "Long duration just doesn't work right now" said Todd Sohn, senior ETF and technical strategist at Strategas Securities, on "ETF Edge." It would seem that Warren Buffett agrees, with Berkshire Hathaway doubling its ownership of T-bills and now owning 5% of all short-term Treasuries, according to a JPMorgan report. "The volatility has been on the long end," Gallegos said. "The 20-year has gone from negative to positive five times so far this year," she added. The bond volatility comes nine months after the Fed's began cutting rates, a campaign it has since paused amid concerns about the potential for resurgent inflation due to tariffs. Broader market concerns about government spending and deficit levels, especially with a major tax cut bill on the horizon, have added to bond market jitters. Long-term treasuries and long-term corporate bonds have posted negative performance since September, which is very rare, according to Sohn. "The only other time that's happened in modern times was during the financial crisis," he said. "It is hard to argue against short term duration bonds right now," he added. Sohn is advising clients to steer clear of anything with a duration of longer than seven years, which has a yield in the 4.1% range right now. Gallegos says she is concerned that amid the bond market volatility, investors aren't paying enough attention to fixed income as part of their portfolio mix. "My fear is investors are not diversifying their portfolios with bonds today, and investors still have an equity addiction to concentrated broad-based indexes that are overweight certain tech names. They get used to these double-digit returns," she said. Volatility in the stock market has been high this year as well. The S&P 500 rose to record levels in February, before falling 20%, hitting a low in April, and then reversing all of those losses more recently. While bonds are an important component of long-term investing to shield a portfolio from stock corrections, Sohn said now is also a time for investors to look beyond the United States with their equity positions. "International equities are contributing to portfolios like they haven't done in a decade" he said. "Last year was Japanese equities, this year it is European equities. Investors don't have to be loaded up on U.S. large cap growth right now," he said. The iShares MSCI Eurozone ETF (EZU) is up 25% so far this year. The iShares MSCI Japan ETF (EWJ) Japan ETF is up 25% over the last two years.
American Military News
04-05-2025
- Politics
- American Military News
Video/Pic: Illegal immigrant gang leader arrested after posting grenade video
An illegal immigrant who allegedly is a Tren de Aragua gang leader was arrested by Homeland Security officials last week after flaunting grenades in a video on social media. Homeland Security Investigations Los Angeles shared a picture on Tuesday of Yonaiker Gallegos, who had been going by the name Yonaiker Martinez Ramos, on X, formerly Twitter. Law enforcement officials confirmed that Homeland Security Investigations officials and Enforcement and Removal Operations Los Angeles officials 'administratively arrested Yonaiker Martinez Ramos aka Yonaiker Gallegos, a suspected Tren de Aragua member, for being unlawfully present in the U.S. Martinez is a citizen of Venezuela and illegally crossed the border in Texas.' #HSI Los Angeles and @EROLosAngeles administratively arrested Yonaiker Martinez Ramos aka Yonaiker Gallegos, a suspected Tren de Aragua member, for being unlawfully present in the U.S. Martinez is a citizen of Venezuela and illegally crossed the border in Texas. — HSI Los Angeles (@HSILosAngeles) April 29, 2025 According to Fox News, the alleged illegal immigrant gang leader had already been in local custody for the possession of a deceptive government identification and for blank checks. A senior Trump administration official told the outlet that Homeland Security Investigations located Gallegos on April 22 and determined that he was likely using the name Martinez-Ramos as a fake identity. In a statement to Fox News, the Department of Homeland Security said, 'On Tuesday evening April 22, 2025, HSI was able to locate Gallegos who was utilizing the false name Yoniaker Rafel MARTINEZ-RAMOS, who was in state custody in Los Angeles County on misdemeanor charges.' READ MORE: Venezuelan gov't helping terrorist gang members migrate to US, FBI says Fox News reported that Homeland Security Investigations' National Gang Unit was able to obtain tattoo pictures and booking pictures of the illegal immigrant and identify him as Gallegos on April 23. Additionally, the Trump administration official said analysts were able to confirm his identity through social media pictures and posts. The senior Trump administration official told Fox News that Gallegos was arrested for Title 8 immigration violations on April 25. The official also claimed that Gallegos had been 'identified as a leader of TDA [Tren de Aragua] based in California.' A video on social media appears to show Gallegos flaunting grenades and a firearm prior to his recent arrest by Homeland Security Investigations officials. Meet Yonaiker Gallegos, seen here showing off an AR with drum and grenades, alleged leader of Tren de Aragua in Los Angeles arrested yesterday by the feds and who the courts tell us should NOT be deported pursuant to the Alien Enemies Act. — Jorge Bonilla (@BonillaJL) April 30, 2025
Yahoo
28-04-2025
- Yahoo
Man accused of fatally shooting man during road rage incident
Apr. 27—A man was arrested on Thursday after allegedly gunning down a man in Northeast Albuquerque in 2024 with a gun used during a drive-by shooting in the Coronado mall parking lot in February. Nassir Williams, 17, is charged with an open count of murder and conspiracy in the 2024 fatal shooting of Jose Gonzalez, 32. Williams' criminal complaint has been sealed. At 12:27 a.m. Sept. 15, Gonzalez was fatally shot near Eubank and Copper NE, according to an October Albuquerque Metro Crime Stoppers social media post. Video surveillance from a nearby business showed a bright light coming from a black Chrysler 300 pointing at a Dodge Ram as both vehicles headed south on Eubank, Albuquerque Police Department spokesperson Gilbert Gallegos said in a news release. Gonzalez, who was in the front passenger seat of the pickup, was shot several times during the road rage incident before being taken to a local hospital where he died, he said. After Crime Stoppers issued a bulletin, detectives learned about a 16-year-old who had been dropped off at another hospital the night of the shooting, Gallegos said. The person who dropped him off was connected to Williams, who was 16 at the time, he said. Detectives later found two firearms used to shoot Gonzalez, according to police. Williams sold one of the firearms, "possibly both," Gallegos said. One of the guns was used in the Feb. 19 drive-by shooting inside the Coronado mall parking lot, he said. Jabsie Lewis, 18, pleaded not guilty to shooting at or from a vehicle, conspiracy and criminal damage over $1,000 in that case, according to court records. No one was injured in that shooting. In that incident, detectives found three firearms inside an apartment, including one used in the Gonzalez shooting, Gallegos said. He said police used phone and social media data to find the Chrysler from the September incident. "Evidence was discovered inside the vehicle that further connected the vehicle to the shooting," Gallegos said.
Yahoo
25-04-2025
- Yahoo
Man accused of fatally shooting man during vape deal in Barelas
Apr. 24—Police have arrested a suspect in connection with the fatal shooting of a man in the Barelas Community parking lot earlier this month. Robert Rodriguez, 18, is charged with an open count of murder, shooting at or from a vehicle resulting in great bodily harm, and two counts of tampering with evidence in the April 2 shooting death of Michael Gallegos, also 18. He was taken into custody Tuesday. Police were able to identify Rodriguez through Snapchat, according to a criminal complaint filed at Metropolitan Court. Around 11 p.m., the Albuquerque Police Department received a call of a gunshot in the Barelas Community Center parking lot in the 800 block of Barelas SW, near Seventh. When officers arrived, they saw a Dodge Charger on a curb that was running and in drive, according to the complaint. Inside, they saw Gallegos in the driver's seat with a gunshot wound to the head, police said. Police also found a bullet, two cellphones and packaged nicotine vapes at the scene, the complaint states. Police said they found a Snapchat conversation where Rodriguez asked Gallegos to deliver "nics" — apparently referring to the vapes — to a bus stop by the community center. Video surveillance from a nearby home showed Gallegos reverse into a parking spot at the community center, according to the court document. A person is then seen outside Gallegos' driver's side door. Footage showed Gallegos tried to drive away before a gunshot rang out, the complaint states. He drives a short distance, then hits a curb. Through Snapchat, police learned Rodriguez contacted Gallegos minutes before the shooting to meet at the Barelas Community Center parking lot, according to the complaint. Police used an automated license plate reader to trace Rodriguez's BMW from his home to the parking lot.
New York Post
24-04-2025
- Automotive
- New York Post
Sleeping Long Island teen busted for DUI after driving Tesla down Connecticut highway on autopilot: ‘Just dangerous'
A tipsy Long Island teen went for a passed-out joyride in a Tesla — which he switched into autopilot mode on a busy Connecticut highway before going to sleep and being busted by cops, state police said. Garden City native Guido Reinoso-Gallegos, 19, was slumped over the steering wheel as the self-driving vehicle rolled down I-91 south in Wethersfield at just 30 miles per hour with its hazard lights flashing when he was arrested around 12:30 am Friday. Despite not having his hands on the wheel, Gallegos was charged with driving under the influence because he still needs the awareness to hit the gas or brake at any time if something were to happen, Connecticut State Police told The Stamford Advocate. Guido Reinoso-Gallegos, 19, was charged with driving under the influence. State of Connecticut Department of Emergency Services and Public Protection 'You still need to be, basically, driving without driving, in a sense,' said Trooper Daniel Hill, who believes this to be the first arrest of its kind in the Constitution State. 'It's just dangerous,' he added. Trooper Charles Luby said that he and another officer pulled up to the Tesla with their lights flashing and sirens blaring in an attempt to wake Gallegos up, but he remained asleep. They managed to get the Tesla to stop when one officer pulled in front of it, forcing the autopilot to stop the vehicle. They immediately checked on the driver to ensure he wasn't having a medical emergency. By then, 'he had woken up,' Luby said. 'I think he just kind of fell asleep.' A Tesla electric vehicle is parked at a Tesla dealership, after Tesla, Inc. released its financial results for the first quarter of 2025, in Berlin, Germany April 23, 2025. REUTERS The teenager appeared to be impaired and failed a field sobriety test. He was arrested without incident and charged with driving while intoxicated, reckless driving, reckless endangerment and driving a vehicle at too slow a speed, state police said. 'At the end of the day, you're sitting at the wheel, you're supposed to be able to drive the vehicle,' Luby said. 'If anything goes wrong, you're supposed to be able to adjust for that.' Gallegos posted a $1,500 bail and is due to appear in court in New Britain next month.
