Latest news with #Long-TermCapitalManagement
Yahoo
13-05-2025
- Business
- Yahoo
Evercore Sees Bear Market Ending, Bull Grind Begins
The S&P 500's recent 2.6% surge signals a bear-market bottom and the dawn of a new bull cyclebut Evercore ISI's Julian Emanuel warns it won't be a straight line to the moon, but rather a choppy, back-and-forth grind. Emanuel draws parallels between today's tariff-tinged volatility and the shockwaves sent by Long-Term Capital Management's collapse in 1998. Back then, the Fed swooped in with rate cuts that propelled stocks to fresh highs almost overnight. Today, however, inflation remains stubbornly above target, the Fed is content to sit on its hands, and policy reversalsfrom Trump's pause on tariffs on April 9 to the dealhave only just begun to ripple through corporate supply chains. That 21.3% bear-market low feels more like a reset button than a launchpad, with headline risks still looming large. Rather than another Goldilocks rebound, Emanuel sees the S&P 500's path as a process marked by volatility. He expects tariff levels to land around 15%17%well below Trump's initial 80% pitch but still lofty by historical standardsand to remain a source of episodic risk. With no fast-track to dovish central-bank action and sticky inflation to keep yields elevated, each leg higher in equities may be met by profit-taking and policy anxiety. Evercore ISI's year-end target of 5,600 on the S&P 500 assumes a gradual grind upward into 2026 as markets adjust to a new normal of slower growth and policy uncertainty. Why it matters: Investors should brace for a bull market that rewards patience and tactical shifts more than buy-and-hold faith, as intermittent headlines on inflation, tariffs or Fed policy will likely trigger swift market pivots. This article first appeared on GuruFocus.
Yahoo
23-04-2025
- Business
- Yahoo
Makes Sense to Be Underweight US Equities: Haghani
On "Bloomberg ETF IQ", Victor Haghani, founder and CIO of Elm Wealth and co-founding partner of Long-Term Capital Management, discusses the market volatility. Heavy selling lashed Wall Street anew Monday, with longer-dated Treasuries joining stocks and the dollar in a deepening slump. Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Investing Amid Volatility, Elm ETF: Victor Haghani
Victor Haghani, founder and CIO of Elm Wealth and co-founding partner of Long-Term Capital Management, discusses market volatility, allocation to US equities and the launching of the Elm Market Navigator ETF (ticker: ELM) on "Bloomberg ETF IQ." Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Creating 'Dynamic' Asset Allocation: Elm's Victor Haghani
On "Bloomberg ETF IQ", Victor Haghani, founder and CIO of Elm Wealth and co-founding partner of Long-Term Capital Management, discusses using "dynamic index investing" to create the Elm Market Navigator ETF (ticker: ELM). Sign in to access your portfolio
Bloomberg
21-04-2025
- Business
- Bloomberg
Creating 'Dynamic' Asset Allocation
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: CIO of Elm Wealth and Co-founding Partner of Long-Term Capital Management Victor Haghani and Vanguard Fixed Income Product Manager Rebecca Venter. (Source: Bloomberg)
