According to a report by Bloomberg, TCW Group Inc, Los Angeles based unit of Societe Generale (OTC: SCGLY) has sued its ex investment chief Jeffrey Gundlach and three other ex employees after more than half of TCW’s fixed income professionals joined Gundlach’s new firm. TCW has sought $200 million. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Among the best market calls of 2020 are some overlooked stocks that soared MarketWatch 1/21/2021
THE TELL
Against many odds, the stock market not only survived a pandemic, but thrived in 2020, making it a tough year to navigate for investors. The S&P 500 closed out the year with a 16% gain, despite more than 80 million COVID-19 infections by the end of 2020 that number is currently at 95 million and 1.8 million dead from the disease global deaths are now over 2 million and economies upended.
But several strategists and fund managers who MarketWatch spoke to or whose advice we flagged last year via our Need to Know column, made some spot-on calls. That was often due to the fruits of sticking to tried and true systems and beliefs, paying attention to history, and focusing on companies well-placed to ride out the COVID-19 pandemic and beyond.
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Echoes of the past often ricochet around markets to inform the present. So, for longtime market watchers, it’s difficult not to see parallels between frothier parts of the technology sector and the dot-com boom.
Current conditions are still some way off the mania of 1999, when the tech-heavy Nasdaq Composite Index powered ahead almost 90 per cent before the big bust in 2000.
1/17/2021 2:44:04 PM GMT
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Another change that could put pressure on stocks moving forward is the possibility of rising inflation as the Fed pledges to keep rates low and its monetary stimulus programs running. (Doubleline CEO and founder Jeffrey)Gundlach pointed to a comment made by Chicago Fed President Charles Evans on Jan. 4. Then, Evans said, “The more we get inflation up above 2% then markets are going to understand that, yes, we’re in it to win it.” Gundlach, who expects the consumer price index a widely followed inflation metric to hit 3% in its May/June report, said inflation “is a real game changer, should it occur.” – Fred Imbert, “Jeff Gundlach Says Stock Valuations Are Extraordinarily High, Supported Only by the Fed,” www.cnbc.com, January 11, 2021.
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