What we’re reading (4/7)
“The Surprising Top Mutual Fund In The First Quarter” (Wall Street Journal). “Hennessy Cornerstone Growth claims the No. 1 spot over the past year as small-to-midcap funds start to supplant the dominant large-cap growth funds.”
“Diverging Markets, Diversified Portfolios” (PIMCO). “Given today’s flat yield curves, we believe intermediate maturities can offer a sweet spot between cash, where yields are fleeting and will decline when central bank rate cuts begin, and long-duration bonds, which could face pressure from rising bond supply needed to finance growing sovereign debt.”
“The Crypto World Has A New Villain” (New York Magazine).”Billionaire Barry Silbert is accused of defrauding thousands of people. Should he get to keep their money anyway?”
“Big Tech Has A Big Cash Problem” (Wall Street Journal). “Having more money than you know what to do with used to be a high-quality problem. Now it is just a problem. The largest tech companies in the world are also the richest. Apple , Amazon, Microsoft and the parent companies of Google and Facebook now collectively sit on a little more than $570 billion in cash, short-term and long-term investments. That is more than double the collective pile of the next five richest nonfinancial companies on the S&P 500 index, according to data from S&P Global Market Intelligence.”
“Southwest Boeing 737-800 Flight From Denver Loses Engine Cover, FAA Investigating” (CNN Business). “A Houston-bound Boeing 737-800 plane operated by Southwest Airlines returned safely to Denver International Airport on Sunday after an engine cover fell off and struck the wing flap, according to the Federal Aviation Administration. The agency said it will investigate. In recorded air traffic control audio, one of the pilots said that ‘several passengers and flight attendants heard something loud hit the wing.’”
