Amazon and Microsoft rallied after beating earnings estimates, propelling the S&P 500 to a new record high. In addition, falling consumer confidence numbers caused investors to speculate that the Federal Reserve will continue to delay its stimulus tapering. “Earnings have been good enough and the liquidity spigot is open so that people see very little risk in the system,” Charlie Smith, chief investment officer of Pittsburgh-based Fort Pitt Capital Group Inc., said. “It’s like a giant game of musical chairs. The attitude on the part of most investors is that they have to play while the Fed got the music going.”
Rental-Backed Security Bonds to be Offered by Blackstone (CNBC)
Mortgage-backed securities are dead. Long live rental-backed securities! Blackstone, the largest investor in single-family rental homes, will offer a security backed by those homes through JPMorgan, Deutsche Bank and Credit Suisse. "Noting the lack of performance data, Fitch expects to place a strong emphasis on reliable data obtained f
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: