Daily Data Flow: Stocks Beat Commodities and Bonds in September; Fed Chairman Bernanke Tries to Explain Purpose of QE3; Hedge Funds’ Returns Fall; “Fiscal Cliff” Worries Mount

Daily Data Flow

Stocks Beat Bonds, Commodities With Longest Rally Since 2007 (Bloomberg)
Emerging markets led global stocks to the fourth monthly gain in September, the longest streak since 2007, handing equity investors better returns than bonds, commodities and the dollar. The MSCI All-Country World Index of equities rose 3.2% last month — including dividends, bringing its 2012 gain to 13%. The global economy is forecast to expand 2.2% this year, the slowest pace since the 2009 contraction, according to the median estimate of economists surveyed by Bloomberg.

Fed’s Bernanke Takes on Critics of QE3 (Marketwatch)
Federal Reserve Board Chairman Ben Bernanke tried Monday to respond to the fierce criticism and public unease that followed the Fed’s third round of bond purchases, known as quantitative easing part III (QE3). “We hope that, by clarifying our expectations about future policy, we can provide individuals, families, businesses, and financial markets greater confidence about the Fed’s commitment to promoting a sustainable recovery and that, as a result, they will become more willing to invest, hire and spend,” Bernanke said. In the face of public concern about the Fed’s policy, Bernanke said that even a star player of the Washington Nationals baseball team has asked him for the “scoop on quantitative easing.”

Hedge Fund Returns Worsen: Is ‘Enormous Unraveling’ Near? (CNBC)
The more stocks rise, the further behind hedge funds fall — with the industry lagging market returns by double-digit percentages. The change in fortune for hedge funds, which had trounced stock performance during the past two decades, has market insiders searching for answers. With roughly 8,300 active hedge funds, the financial crisis took an especially large toll new funds. This year is the third-worst performance to date since BofA began tracking hedges in 1994. Nevertheless, fixed income-based hedge funds have seen inflows of $38.8 billion this year, while equity funds have watched $7.4 billion move out.

Exclusive  Daily Data Flow: S&P 500 on Three-Day Hot Streak; Euro Zone Consumer Confidence Rose; U.S. Jobless Claims Fall

End of Payroll, Bush Tax Cuts Top ‘Fiscal Cliff’ Fears: Study (Reuters)
If Congress does nothing and the United States plunges off the “fiscal cliff” in three months, taxes would rise for 90% of Americans due to automatic increases in income and payroll taxes, and other financial shocks, according to a report issued on Monday. Because Congress and the White House failed to reach a deal to cut the deficit by an additional $1.2 trillion for the next 10 years, the federal government is on track for draconian spending cuts in 2013 and beyond — unless there is agreement on an alternative before the end of the year.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Last week closed the books on the third quarter from both corporate and investor perspectives. In the last three months, the S&P 500 has climbed 5.8%, while the Nasdaq rose 6.2%. Those returns have brought their year-to-date returns to 14.6% and 19.6%, respectively. They were pretty strong moves, given the data that points to a slower second half of the year with respect to the global economy. It seems that data, which in my view includes the growing number of companies that have cut expe

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

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:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

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:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE