Asian shares slipped today, despite upbeat global economic data as profit-taking occurred amid low trading volumes. Japanese markets remained closed and will resume trading on Jan. 6. The Asian equity downturn followed the Dow posting its worst day in two months yesterday, with better-than-expected manufacturing reports in the United States and Europe failing to offer much comfort.
Money manager Bill Gross, also known as “The Bond King,” misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s (PTTRX) biggest decline in almost two decades.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
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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:
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