Midnight Studio/iStock via Getty Images Recently I was reading an article from Morgan Stanley ( MS ): “Who Is On The Other Side?” and it is an article rich in so many aspects that it is even difficult to summarize all the ideas. But in this article, I will draw some parallels with the current market and with my own experiences applying some of these concepts, such as time arbitrage as a “superpowe...
Midnight Studio/iStock via Getty Images Recently I was reading an article from Morgan Stanley ( MS ): “Who Is On The Other Side?” and it is an article rich in so many aspects that it is even difficult to summarize all the ideas. But in this article, I will draw some parallels with the current market and with my own experiences applying some of these concepts, such as time arbitrage as a “superpower”. A Word About Time Arbitrage The Morgan Stanley article, specifically by authors Michael J. Mauboussin and Dan Callahan, draws on Treynor to explain what time arbitrage is and how it can be used by the investor to improve their returns. The concept is quite simple to understand; basically, it is understood that an investor operating in different timeframes than other investors manages to have an edge. For instance, think if you are a hedge fund manager. There is a gigantic pressure for you to beat your benchmark, which for stocks is generally the S&P 500 ( SPY ) ( IVV ). Even if the manager is not exactly a short term trader, he will still be affected by this pressure to choose the right investments but also to have them work out as quickly as possible. That is, you don’t want to buy a stock with a high margin of safety and have it stay sideways for 3 years, even if in the 4th year it compensates for all that waiting. As a manager who will be evaluated by customers not only against the benchmark but also against your peers, you want your total return to look “good” and better than the average in timeframes suitable for your strategy. Since the market is short-termist, and many people choose their funds based on total return, often in short windows, such as 6 months and 1 year, this pressure is truly significant. The investor base also matters for institutional investors; even if you believe in a stock, perhaps you have to sell at an inopportune moment just because a part of your investor base wants to withdraw their money at that moment. Now, think if you are an individu...
Claimants say lost documents hide scale of alleged unlawful information gathering at publisher of the Daily Mail The amount of lost or destroyed documents relating to the Daily Mail publisher’s use of private investigators is “stark in the extreme”, the high court has heard. However, the thin surviving evidence of payments to private investigators contains “conspicuous and often shocking evidence”...
Claimants say lost documents hide scale of alleged unlawful information gathering at publisher of the Daily Mail The amount of lost or destroyed documents relating to the Daily Mail publisher’s use of private investigators is “stark in the extreme”, the high court has heard. However, the thin surviving evidence of payments to private investigators contains “conspicuous and often shocking evidence”, according to lawyers for a group of claimants accusing the publisher of using unlawful techniques. Continue reading...
Friedrich Merz, Germany's chancellor, during a news conference at the Christian Democratic Union (CDU) headquarters in Berlin, Germany, on Monday, March 23, 2026. Merz's party dislodged the Social Democrats from power after 35 years in a southwestern German state, notching a win for a conservative leader struggling to gain nationwide traction among voters.
Friedrich Merz, Germany's chancellor, during a news conference at the Christian Democratic Union (CDU) headquarters in Berlin, Germany, on Monday, March 23, 2026. Merz's party dislodged the Social Democrats from power after 35 years in a southwestern German state, notching a win for a conservative leader struggling to gain nationwide traction among voters.
Party announces Corey Edwards’ decision to quit Senedd election campaign on grounds of mental health A Reform UK candidate for the Welsh Senedd elections in May has announced he is standing down because of his mental health, after a photograph emerged of him apparently making a Nazi salute as an imitation of Adolf Hitler. The announcement by Reform comes a day after Nigel Farage defended Corey Edw...
Party announces Corey Edwards’ decision to quit Senedd election campaign on grounds of mental health A Reform UK candidate for the Welsh Senedd elections in May has announced he is standing down because of his mental health, after a photograph emerged of him apparently making a Nazi salute as an imitation of Adolf Hitler. The announcement by Reform comes a day after Nigel Farage defended Corey Edwards, its lead candidate for the Pen-y-bont Bro Morgannwg constituency, saying he might have instead been impersonating the John Cleese character Basil Fawlty. Continue reading...
In this podcast, Motley Fool contributors Jon Quast, Matt Frankel, and Rachel Warren discuss: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy . A full transcript is below. Continue reading
In this podcast, Motley Fool contributors Jon Quast, Matt Frankel, and Rachel Warren discuss: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center . When you're ready to invest, check out this top 10 list of stocks to buy . A full transcript is below. Continue reading
Meta is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center in rural Louisiana as it competes in the artificial intelligence race. Bloomberg’s Riley Griffin discusses Meta’s plans with Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Meta is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center in rural Louisiana as it competes in the artificial intelligence race. Bloomberg’s Riley Griffin discusses Meta’s plans with Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
In trading on Friday, manufacturing shares were relative laggards, down on the day by about 4.5%. Helping drag down the group were shares of AmpliTech Group, off about 33% and shares of LightPath Technologies down about 14.7% on the day. Also lagging the market Friday are biot
In trading on Friday, manufacturing shares were relative laggards, down on the day by about 4.5%. Helping drag down the group were shares of AmpliTech Group, off about 33% and shares of LightPath Technologies down about 14.7% on the day. Also lagging the market Friday are biot
In trading on Friday, precious metals shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Elemental Royalty, up about 7.7% and shares of SSR Mining up about 6% on the day. Also showing relative strength are oil & gas refining & m
In trading on Friday, precious metals shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Elemental Royalty, up about 7.7% and shares of SSR Mining up about 6% on the day. Also showing relative strength are oil & gas refining & m
President Donald Trump said he will sign an order to pay Transportation Security Administration officers to alleviate disruptions at US airports. But House Republicans are resisting calls to sign a bill from the Senate to end the partial government shutdown. Erik Wasson reports. (Source: Bloomberg)
President Donald Trump said he will sign an order to pay Transportation Security Administration officers to alleviate disruptions at US airports. But House Republicans are resisting calls to sign a bill from the Senate to end the partial government shutdown. Erik Wasson reports. (Source: Bloomberg)
Electric vehicle giant Tesla (NASDAQ:TSLA) closed out 2025 with a quarter revealing a company under pressure while building for a different future. BYD (OTC:BYDDF) entered 2026 with its own contradictions: the world’s largest EV seller by volume is grappling with a domestic sales slump while betting on breakthrough charging technology. The two companies define opposite ... Tesla vs BYD: The Better...
Electric vehicle giant Tesla (NASDAQ:TSLA) closed out 2025 with a quarter revealing a company under pressure while building for a different future. BYD (OTC:BYDDF) entered 2026 with its own contradictions: the world’s largest EV seller by volume is grappling with a domestic sales slump while betting on breakthrough charging technology. The two companies define opposite ... Tesla vs BYD: The Better EV Stock for 2026
pxel66/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify The past week has been a macro week for the market (0:20) Defensive shift; AI stocks really suffering (0:55) Circle down (2:45) Jobs data will provide major catalyst (5:30) Fed and interest rates (10:00) Transcript Rena Sherbill: Brian Stewart, welcome back to another round of Wall Street Roundup. Welcome back ...
pxel66/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify The past week has been a macro week for the market (0:20) Defensive shift; AI stocks really suffering (0:55) Circle down (2:45) Jobs data will provide major catalyst (5:30) Fed and interest rates (10:00) Transcript Rena Sherbill: Brian Stewart, welcome back to another round of Wall Street Roundup. Welcome back to the show after a week off. Talk to us, what are you thinking about these days? Brian Stewart: The past week has really been a macro week for the market. There's just not a lot of corporate specific data coming out, earnings season's over. We're just not getting a lot of news flow. So really the market is moving on the big issues and the biggest issue obviously this week has been the conflict in Iran. There were some signs early on, the Trump administration had come out and said that they were close to an end that negotiations were going on and then Iran pushed back on that. You kind of had the he said, he said process going on throughout the week. The market is in the middle of based on that sort of defensive shift. So not surprisingly, you saw oil majors do very well this week. Exxon Mobil ( XOM ) was up 9%. Chevron ( CVX ) was up 7%. Both of them are up about 40 % year to date, extending highs. Actually with ExxonMobil kind of leading the news or being kind of top of mind this week, I was getting a little nostalgic because when I was a kid, ExxonMobil was the biggest company in the world by market cap. And so I just was thinking how interesting it is, how much the economy has changed over 40 years or so, where now, you know, it's sort of an also a rant on the list of biggest companies in the world. So it's kind of interesting to have those kind of stocks kind of in the news. Again, another example of that is telecom stocks did very well this week. I mean, in a down week, AT&T ( T ) was up 3%, T-Mobile ( TMUS ) was up about 3%, Verizon ( VZ ) was up about 2%. These are ...
Two court cases have shown how companies can be forced to take responsibility for their impact on public health Debate about online harms has tended to focus on abusive and hateful content. But the form in which content is delivered is at least as important. That point is central to this week’s momentous decisions against Meta and YouTube , by two US juries. It will take more than these cases to l...
Two court cases have shown how companies can be forced to take responsibility for their impact on public health Debate about online harms has tended to focus on abusive and hateful content. But the form in which content is delivered is at least as important. That point is central to this week’s momentous decisions against Meta and YouTube , by two US juries. It will take more than these cases to loosen big tech’s tight grip on much of the world’s attention. But the fact that both companies were found liable in California, for deliberately designing addictive products that harmed a child, is a massive win for the coalition of campaigners aiming to use the US courts to force the platforms to change their products. The second case against Meta, in New Mexico, found it liable over the use of Facebook and Instagram for child sex trafficking , with a Guardian investigation cited in the complaint. The jury ordered it to pay $375m in civil liabilities; the state’s attorney general is seeking platform changes and financial penalties. Continue reading...
A study of analyst recommendations at the major brokerages shows that Hycroft Mining Holding Corp (Symbol: HYMC) is the #28 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Cha
A study of analyst recommendations at the major brokerages shows that Hycroft Mining Holding Corp (Symbol: HYMC) is the #28 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Cha