My husband watches TV all day while I cook and clean. He has a monthly income of $8K and a P.O. box to hide his finances. I just found his will — and it left me reeling

Dear Quentin, 

My spouse hides his money and all of his investments are hidden.

I have lived in Boston since 2006. I moved from New York and gave up my job of 16 years because we got married and I relocated, leaving my two adult children, who were 21 and 24. I divorced my first husband in 1998 and met my spouse in 2000. My husband, who is 70, will be retired four years in October. He spent most of his career in the U.S. Army Reserve, where he spent 24 years.

I see his mail from time to time, but he keeps everything locked up in a file cabinet. He gets four incomes per month, and everything goes directly to his accounts. He lives off his Social Security each month. I work full time and make $50,000 a year. My husband gives me $150 each month. Sometimes, he forgets. When I ask for it, he gets angry or doesn’t give it to me.

The Moneyist: ‘I stock shelves at a grocery store 3 days a week.’ I’m 28, a single mother, a veteran and work two part-time jobs. Should I accept my father’s offer to help with my expenses?

He has never been married before, and has three daughters in their 40s and 50s. He has no connection to them at all, but I do think they know where we live. He bought a three-bedroom home before we married. I have not contributed to this mortgage, and my name is not on the deed. I pay for water, heat, phone, food and other things. He has an income of over $8,000 a month. He has saved and invested in CDs, and has a 457 Smart Plan, among other investments. I have my own 457, and I put $400 into

Read More Here...

Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market

The old saw used to be that when the U.S. sneezes, the rest of the world catches a cold.

Now, a more apropos adage for market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession.

Indeed, recession fears resurfaced on Wall Street last week, even as equity markets stood not far from all-time highs, amid volatile trade that whipsawed mostly on jitters that supply chains and economies could suffer from the spread of the infectious illness that originated in Wuhan, China, known as COVID-19.

“The [coronavirus spread] definitely injects an element of uncertainty into markets for the near term and for the longer term as well,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.

Analysts at BofA Global Research said the probabilities of a recession have increased and that is reflected in the action in long-bonds like the 10-year Treasury note and the 30-year Treasury bond, which plunged Friday to its lowest rate on record. Investors will flee to the presumed safety of U.S. government bonds, driving yields lower, with the hope of avoiding losses that can derail riskier assets in a selloff.

The 30-year bond yield TMUBMUSD30Y, -2.32% fell 5.2 basis points on Friday to 1.92%, based on Tradeweb data, to an all-time low of 1.89%. The 10-year note yield TMUBMUSD10Y, -2.90% also tumbled below the key level of 1.50%, last trading at 1.475%. Bond yields move in the opposite direction of prices.

BofA said a move for the 10-year below 1.4% could represent a tipping point for the market, one that raises the probability for a recession, particularly if the Federal Reserve continues to hold benchmark rates at the current 1.50-1.75% range.

Here’s how BofA’s analysts put it (see attached

Read More Here...

Businesses get bigger butterflies over coronavirus and that’s not good for the economy

The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China.

Those hopes appear to have been dashed.

A spreading coronavirus in China and elsewhere is snarling global supply chains, making it harder to obtain parts for new autos, produce iPhones or cater to jet-setting tourists, among other things. The disruption is bound to hurt sales and production and make companies even more hesitant to invest in big new projects.

The first major sign of the damage the viral outbreak is causing to the U.S. economy came last week from a survey of business executives. IHS Markit said its barometer of business conditions turned negative in February for the first time in four years. A number of companies including Apple AAPL, -2.26%  also warned that sales could fall short of forecast.

Read: What Apple, P&G, Walmart and Co. are saying about the coronavirus outbreak

For weeks, most economic forecasters have been sticking to the view that corona-related disruptions would be temporary. Just last Friday, several senior Federal Reserve officials predicted the hit to the U.S. would be “short” one.

Even if they are right, though, a big dose of uncertainty is suddenly clouding the economic outlook. The seemingly clear skies from last month have largely been obscured. The Dow Jones Industrial Average DJIA, -0.78%, S&P 500 SPX, -1.05% both fell last week and bond yields tumbled to fresh lows.

“The coronavirus is rapidly slowing the momentum of the global economy and sucking the oxygen out of financial markets,” said Scott Anderson, chief economist at Bank of the West.

Read: Economy softens on coronavirus worries, IHS Markit finds

And: Industrial output slumps in January for fourth decline in past five months

In more

Read More Here...

Businesses get bigger butterflies over coronavirus and that’s not good for the economy

The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China.

Those hopes appear to have been dashed.

A spreading coronavirus in China and elsewhere is snarling global supply chains, making it harder to obtain parts for new autos, produce iPhones or cater to jet-setting tourists, among other things. The disruption is bound to hurt sales and production and make companies even more hesitant to invest in big new projects.

The first major sign of the damage the viral outbreak is causing to the U.S. economy came last week from a survey of business executives. IHS Markit said its barometer of business conditions turned negative in February for the first time in four years. A number of companies including Apple AAPL, -2.26%  also warned that sales could fall short of forecast.

Read: What Apple, P&G, Walmart and Co. are saying about the coronavirus outbreak

For weeks, most economic forecasters have been sticking to the view that corona-related disruptions would be temporary. Just last Friday, several senior Federal Reserve officials predicted the hit to the U.S. would be “short” one.

Even if they are right, though, a big dose of uncertainty is suddenly clouding the economic outlook. The seemingly clear skies from last month have largely been obscured. The Dow Jones Industrial Average DJIA, -0.78%, S&P 500 SPX, -1.05% both fell last week and bond yields tumbled to fresh lows.

“The coronavirus is rapidly slowing the momentum of the global economy and sucking the oxygen out of financial markets,” said Scott Anderson, chief economist at Bank of the West.

Read: Economy softens on coronavirus worries, IHS Markit finds

And: Industrial output slumps in January for fourth decline in past five months

In more

Read More Here...

Traders Eye Fixed Income

The S&P 500® is coming off one of the best years it’s seen in decades, the Dow Jones Industrial Average is knocking on the door of 30,000 after only 2 years in the 20,000 range and traders are unsure whether the party’s ever going to end.

While there’s no telling when the current rally might abate, a large contingent of cautious traders has started the New Year hedging some of the market’s euphoria by seeking exposure to fixed-income funds.

Direxion’s Daily 20+ Year Treasury Bull 3X Shares ETF (TMF) has experienced more than $20.5 million in net inflows in the initial weeks of 2020. Meanwhile, the broad market Direxion Daily S&P 500® Bull 3X Shares ETF (SPXL) has shed a net $45 million in that same span as traders locked in profits from the index’s stellar fourth quarter.

A Big Year for Growth (and Debt)

The fact that 2019 was a huge year for price gains in both equity and debt instruments puts bullish and bearish traders alike in an interesting position. While SPXL ended the year up more than 100%, Direxion’s two 3X fixed-income ETFs, the Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD) and TMF finished 2019 up 16.77% and 38%, respectively. What’s more, they often moved inverse to the SPXL, usually seeing some of their biggest moves as equities fell.

The price action in 2019 is in part thanks to three consecutive interest rate cuts from the Federal Reserve aimed at encouraging borrowing and staving off recessionary threats like slow global growth and the U.S- China trade war. While the cuts fueled borrowing among companies and enticed investors to maintain their exposures, they also pushed bond yields lower across the board and buoyed the price of existing bonds that come with a more attractive rate.

What’s more, the grim global outlook

Read More Here...

Traders Eye Fixed Income

The S&P 500® is coming off one of the best years it’s seen in decades, the Dow Jones Industrial Average is knocking on the door of 30,000 after only 2 years in the 20,000 range and traders are unsure whether the party’s ever going to end.

While there’s no telling when the current rally might abate, a large contingent of cautious traders has started the New Year hedging some of the market’s euphoria by seeking exposure to fixed-income funds.

Direxion’s Daily 20+ Year Treasury Bull 3X Shares ETF (TMF) has experienced more than $20.5 million in net inflows in the initial weeks of 2020. Meanwhile, the broad market Direxion Daily S&P 500® Bull 3X Shares ETF (SPXL) has shed a net $45 million in that same span as traders locked in profits from the index’s stellar fourth quarter.

A Big Year for Growth (and Debt)

The fact that 2019 was a huge year for price gains in both equity and debt instruments puts bullish and bearish traders alike in an interesting position. While SPXL ended the year up more than 100%, Direxion’s two 3X fixed-income ETFs, the Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD) and TMF finished 2019 up 16.77% and 38%, respectively. What’s more, they often moved inverse to the SPXL, usually seeing some of their biggest moves as equities fell.

The price action in 2019 is in part thanks to three consecutive interest rate cuts from the Federal Reserve aimed at encouraging borrowing and staving off recessionary threats like slow global growth and the U.S- China trade war. While the cuts fueled borrowing among companies and enticed investors to maintain their exposures, they also pushed bond yields lower across the board and buoyed the price of existing bonds that come with a more attractive rate.

What’s more, the grim global outlook

Read More Here...

Cadila Pharmaceuticals awarded Great Place To Work Certificate

Cadila Pharmaceuticals awarded Great Place To Work Certificate – Business News Today – EIN News

Trusted News Since 1995

A service for global professionals · Saturday, February 22, 2020 · 510,340,359 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions?

Read More Here...

Here's how to tell a bear market is coming

A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018.

Brendan McDermid | Reuters

Trying to time the market can be dangerous, but there are certain signals that the professionals look for when trying to gauge future risk in stocks which could be helpful for regular investors to monitor.

Bank of America Securities curated a “bear market signposts” list for clients to help predict when stocks might be close to embarking on a bear market. The list of 19 signals ranges from fundamental to sentiment-related indicators and uses data tracking back more than 50 years.

Currently 63% of the bear market signposts have been triggered, up from 47% in January. Since 1968, when 80% of the indicators are triggered, a bear market occurred, meaning stocks fell 20% from their most recent highs.

“Stocks appear to be pricing in more good news than bad,” Bank of America equity and quant strategist Savita Subramanian said in a recent note to clients.

The signposts list was almost triggered in October of 2018 when it hit 79%. The S&P 500 went on to briefly dip into bear market territory on an intraday basis following that signal, and suffered its worst December since the Great Depression. The Fed raising rates, as they did in 2018, is a trigger on the bear market signal list, as bear markets have always been preceded by the Fed hiking rates by at least 75 basis points from the cycle trough.

Here’s a full list of the bear market indicators from Bank of America:

  1. Federal Reserve raising interest rates
  2. Tightening credit conditions
  3. Minimum returns in the last 12 months of a bull market have been 11%
  4. Minimum returns in the last 24 months of a bull market have been 30%
  5. Low quality stocks outperform high quality stocks (over six months)
  6. Momentum stocks outperforming (over six to 12 months)
  7. Growth stocks outperforming (over six to 12 months)
  8. 5% pullback in stocks over the last year
  9. Stocks with low price-to-earnings ratio underperform
  10. Conference Board’s consumer confidence level has not hit 100 within 24 months
  11. Conference Board’s percentage expecting stocks go higher
  12. Lack of reward for earnings beats
  13. Sell side indicator, a contrarian measure of sell side equity optimism
  14. Bank of America Fund Manger Survey shows high levels of cash
  15. Inverted yield curve
  16. Change in long-term growth expectations
  17. Rule of 20, trailing price-to-earnings ratio added to CPI is above 20
  18. Volatility index spikes over 20 at some point within the last 3 months
  19. Earnings estimate revisions rule

Bearish signs to watch

Currently, if investors buy a 3-month treasury bill, they will be getting a higher yield than if they buy a 10-year treasury note. This is not normal. Typically, the more long term the holding period of the government security is, the higher the returns. This is a bond market phenomena called the inverted yield curve, which is known to precede recessions and sits as one of Bank of America’s bear market sign posts.

Another indicator that is currently triggered is muted price reactions for earnings beats this season. Stocks are getting their thinnest rewards for beating Wall Street’s estimates on earnings since the first quarter of 2018 and the third lowest level since 2000, according to Bank of America.

“Historically, small rewards preceded negative S&P 500 returns 60% of the time over subsequent quarters,” Subramanian added.

Stocks with low price-to-earnings ratios are also currently underperforming, flashing a bear market warning sign. Stocks with low PE ratios are generally considered undervalued and can be a good buying opportunity. When investors don’t buy into these cheap stocks it normally means they are crowding in high growth names. This means that the most expensive stocks are narrowly driving market returns.

Another flashing signal is tightening credit conditions, which occurs when it becomes harder to borrow money from the bank. In times of uncertainty or an economic slowdown, banks will tighten their lending taps to hedge for risk. Each of the last three bear markets started when a positive percentage of banks tightened lending standards. A recent Fed survey showed banks expected credit standards to tighten this year.

Bullish signs to watch

One indicator that remains at bay is Bank of America’s Fund Manager Survey recommended cash levels staying above 3.5%. Typically, when fund managers are not recommending positions in cash to clients, it’s bullish; however, Bank of America said it can be a contrarian measure of buy-side optimism. Therefore, since the current recommended cash position is above 4%, the signpost is not triggered.

A change in long-term growth expectations is another indicator that is currently not triggered. While stocks are off their recent highs due to worries about the Chinese coronavirus and companies like Apple and Coca-Cola downgraded their earnings expectations due to supply chain disruption, the consensus seems to be that the financial fallout of the virus will be short lived. Near-term pain is being acknowledged; however, Wall Street firms are optimistic growth will recover in the second half of 2020.

Another recent bullish signal is that consumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved. The Conference Board’s consumer confidence index rose to 131.6 this month from 126.5 in December. Economists polled by Dow Jones expected consumer confidence to rise to 128. Any reading below 100 signals a bear market could be coming.

When the Cboe Volatility Index, a commonly watched fear gauge, spikes above 20, it triggers another bear market warning sign. Despite coronavirus and U.S. presidential election uncertainty, the VIX sits below 17, which remains bullish for equities.

To be sure, while this method developed by the bank has a good track record, it’s always possible that different factors accompany the next bear market. And most professionals advise against trying to time the market based on technical factors such as these.

Still, it could be a helpful exercise for regular investors to go through this list in order to gauge how much risk they should be taking with their investments.

— with reporting from CNBC’s Michael Bloom.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Read More Here...

Here's how to tell a bear market is coming

A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018.

Brendan McDermid | Reuters

Trying to time the market can be dangerous, but there are certain signals that the professionals look for when trying to gauge future risk in stocks which could be helpful for regular investors to monitor.

Bank of America Securities curated a “bear market signposts” list for clients to help predict when stocks might be close to embarking on a bear market. The list of 19 signals ranges from fundamental to sentiment-related indicators and uses data tracking back more than 50 years.

Currently 63% of the bear market signposts have been triggered, up from 47% in January. Since 1968, when 80% of the indicators are triggered, a bear market occurred, meaning stocks fell 20% from their most recent highs.

“Stocks appear to be pricing in more good news than bad,” Bank of America equity and quant strategist Savita Subramanian said in a recent note to clients.

The signposts list was almost triggered in October of 2018 when it hit 79%. The S&P 500 went on to briefly dip into bear market territory on an intraday basis following that signal, and suffered its worst December since the Great Depression. The Fed raising rates, as they did in 2018, is a trigger on the bear market signal list, as bear markets have always been preceded by the Fed hiking rates by at least 75 basis points from the cycle trough.

Here’s a full list of the bear market indicators from Bank of America: Federal Reserve raising interest rates Tightening credit conditions Minimum returns in the last 12 months of a bull market have been 11% Minimum returns in the last 24 months

Read More Here...