August 14, 2018
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly
0.0195 %Read More
About Article Author
PrefBlog is presented as a public service by Hymas Investment Management Inc., Manager / Trustee of Malachite Aggressive Preferred Fundand publisher of PrefLetter, a monthly newsletter directed towards long term buy-and-hold retail investors. James Hymas, president of Hymas Investment Management Inc, with years of experience designing quantitative investment technology and applying this technology to conservative portfolios, seeks to provide institutions and retail investors with the information and advice necessary to produce top quartile returns in the preferred share market without the assumption of excess risk.
"The sky is falling. The sky is falling," they cried, as equities plunged in December. It is signaling a recession, we were told. Instead, global equities have begun the year with a strong advance. The S&P 500 gapped higher ahead of the weekend, extending this year's rally to about 14%. ...
Enormous volume today, eclipsed in the past thirty days only by December 20. This was probably generated by motivated sellers, since TXPR dropped about 3 points (about 50bp) from 2:50pm to the close as the volume cranked up. BNS.PR.I, BAM.PF.D, PWF.PR.F, EMA.PR.F and RY.PR.S saw 25+ trades timestam ...
On Wednesday, we lost John “Jack” Bogle, the founder of the Vanguard mutual fund empire and the inventor of the modern index fund. He was 89. I doubt if there is a stock market in heaven. Something that evil and capable of producing human suffering really belongs in hell. But if there is a sto ...
You better be watching this Sunday night or I don’t even know what to tell you. I know there’s football, this is for after… Welcome to “Black Monday,” a new Showtime comedy series that imagines the stock market crash of 1987 as the result of a rogue brokerage firm aiming to outfox the olde ...
Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the new home sales and durable goods reports will not be released if the government remains shutdown - and probably delayed even if the government ...
● The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power By Shoshana ZuboffReview via Los Angeles Review of Books Silicon Valley’s Phoenix-like resurrection is a story of ingenuity and initiative. It is also a story of callousness, predation, and deceit. H ...
The world lost a legend this week. Jack Bogle had a greater impact on the average investor than anyone who ever lived. Bogle, however, was not an overnight sensation. The index fund, which he is best known for, wasn’t created until his fifth decade on the planet. I wanted to share the challenges h ...
Power Financial Corporation has announced (on January 17): that none of its outstanding 8,000,000 Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series T (the “Series T shares”) will be converted on January 31, 2019 into Non-Cumulative Floating Rate First Preferred Shares, Series U ( ...