This is the most crowded trade ever, fund administrators say

Published

4 years ago

July 14, 2020

This is the most crowded trade ever, fund managers say

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Fund managers states the know-how trade has in no way been additional crowded. But that hasn’t retained them from also betting massive on the sector.

Financial institution of America’s month to month fund manager survey finds 74% say prolonged U.S. tech shares is the most “crowded trade.” That is the highest reading considering that the query started off staying asked in Dec. 2013.

Crowded or not, they are nonetheless overweight the tech sector, alongside with the pharmaceutical sector. The tech-weighty Nasdaq Composite
COMP,
-2.13%
has noticed 27 report finishes this yr.

What could unwind the tech trade? A coronavirus vaccine, say the fund administrators.

Linked: Large Tech’s most recent reckoning is coming as it continues to rack up document valuations

The study also finds dollars degrees rose to 4.9% from 4.7%. That warning reveals up elsewhere — just 14% say the economic recovery will be “V”-shaped compared to 44% expecting a “U,” and 30% a “W” shaped restoration. In addition, 62% of buyers want corporations to improve balance sheets, compared to just 27% wanting increased funds expenditure, and only 9% contacting for bigger dividends and inventory buybacks.

The study also uncovered the allocation to commodities now at the optimum considering that July 201,1 and that there was a significant bounce in European fairness publicity. European leaders are because of to satisfy this 7 days to discuss the €750 billion European Union rescue fund proposal.

Bank of America’s strategists are expecting a choppy summer, and they say to acquire when the S&P 500
SPX,
-.93%
is under 2,950 and provide when it is over 3,250. The S&P 500 ended Monday at 3155.22.

The survey, performed amongst July 2 and 9, was of 210 members running $607 billion in assets.

Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.

Portuguese historical films will premiere on 29 December.

Published

1 year ago

December 20, 2022

Herb Adkins

Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

Published

1 year ago

December 20, 2022

Herb Adkins

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Herb Adkins

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Published

1 year ago

December 19, 2022

Herb Adkins

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.