Why Fisher Investments Thinks Inflation Worries Are Premature (Reuters)
When July’s CPI report showed prices rising 0.6% m/m to bring the year-over-year inflation rate to 1.0% (1.6% excluding food and energy), inflation’s rebound from its pandemic slump quelled fears of deflation ravaging the US. But it didn’t do anything to ease a related fear: hot inflation. While no one argues July’s results are the first sign of an inflationary spiral, many point to what they see as massive Federal Reserve money printing as an inflation tsunami-in-waiting. While Fisher Investments completely agrees it is healthy to view the Fed with skepticism, we think it is crucial to note that markets move on probabilities, not possibilities.
Hedge Fund Giants Lose Their Appeal As Havens In Global Turmoil (FA-Mag.com)
Investors have thronged the largest hedge funds since the last financial crisis as they sought safety in size. Now, they’re paying a hefty price. Supersized funds are failing their clients during a period of market upheaval that in theory should pose an unprecedented chance to make money. Instead of profiting, though, some of the world’s biggest hedge funds have barely managed to protect their investors from losses.
Insider Trading: October 26, 2020 (BIV.com)
Insider Philippa Morgan, officer. Company: Aritzia Inc. (TSX:ATZ). Shares owned: 0. Trade date: Oct 20. Trade total: $194,967. Trade: Sale of 8,700 shares at a price of $22.41 per share. Insider Bruce Linton, 10% owner. Company: Victory Health International Inc. (CNSX:VREO). Shares owned: 246,973. Trade date: Oct 16. Trade total: $155,992. Trade: Sale of 114,700 shares at a price of $1.36 per share.
Procter & Gamble Co (PG) Chairman, President & CEO David S Taylor Sold $5 million of Shares (Guru Focus)
Chairman, President & CEO of Procter & Gamble Co, David S Taylor, sold 35,054 shares of PG on 10/23/2020 at an average price of $142.67 a share. The total sale was $5 million. Procter & Gamble Co is a consumer goods company. The firm markets its products internationally through various channels which include mass merchandisers, grocery stores, membership club stores, drug stores, and department stores.
The Global Chief Executive Officer of Travelzoo (NASDAQ: TZOO) is Selling Shares (Analyst Ratings)
Yesterday, the Global Chief Executive Officer of Travelzoo (TZOO), Holger Bartel, sold shares of TZOO for $390K. The company has a one-year high of $12.40 and a one-year low of $3.04. Currently, Travelzoo has an average volume of 108.80K. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $11.25, reflecting a -25.6% downside.
Digital Database Under ‘Insider Trading’ Laws and Evolving Chain of Responsibility (MSN)
On October 8, 2020, SEBI issued a revised set of FAQs on the Insider Trading Regulations, 2015. At first blush, these appear to be somewhat routine clarifications, issued in the form of Q&A to augment the internal processes of listed companies, intermediaries, and fiduciaries when they set out to collate data of persons with access to price-sensitive information. A closer look though points us to a wide assortment of complexities. Before we proceed, some background to this regulatory stipulation itself. An amendment in 2018, pursuant to the TK Viswanathan Committee recommendations, introduced a provision in the Insider Trading Regulations, which directed all companies (and their boards) to mandatorily create a “structured digital database” (fortified with adequate internal controls, audit trails, time stamps) that would contain the names of those who received price sensitive information, along with their PAN numbers or equivalent identifiers.
