The first day of the month is a cause for celebration here at Abnormal Returns. First, that means the FundAlarm highlights and commentary piece is up. Second, according to TickerSense the first day of the month on average leads to market gains.
It appears the managements of investment banks are looking to sell you some stock in their companies. Randall Smith in the Wall Street Journal looks at the wave of insider selling by investment banking executives. Lynn Cowan at Marketwatch.com notes the coming wave of smaller investment banks flooding the IPO market.
In an interesting story the Economist notes the push by investment banks to serve their hedge fund clientele. All the while the lines between the sell and buy sides is becoming increasingly blurry.
Doug Kass at TheStreet.com thinks the (over)leveraged ways of the new hedge funds poses a danger to the capital markets.
Katherine Heires at Wall Street & Technology looks at the increasingly crowded market for "algorithmic trading aggregation hubs."
Some conflicting analysis on what the May swoon means for stocks. CXO Advisory Group finds little evidence for a rebound. Ticker Sense on the other hand notes statistics that call for better than average results in June.
macroblog notes a marked increase in the market's assessment for a Fed hike at the June meeting.
TickerSense (again!) looks at the relationship between commodity prices and the CPI and sees a glimmer of hope for lower consumer prices.
Barry Ritholtz explains why the Fed has a tendency to overshoot when they are in a tightening cycle.
Randall W. Forsyth at Barron's thinks the data will tell the tale before the Fed meeting.
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