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MorningWord 8/27/13: $JCP – Ackman’s Hate Sale 27 Aug 2013 | 06:26 pm
MorningWord 8/27/13: Last night Bill Ackman’s Pershing Square hedge fund sold its entire stake in JCP of 39.1 million to Citi, who is now in the business of placing it with investors. Given the fac...
Macro Wrap – Pullbacks in U.S. Risk Assets Have Been Shallow All Year, $SPX 27 Aug 2013 | 05:16 pm
Risk-off reared its head after Sec. Kerry’s speech yesterday afternoon about a potential intervention in Syria. This morning, we’re seeing classic risk-off, with both EUR/USD and USD/JPY lower, and T...
