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Democrats Say the Joy Is Back. Kamala Harris’s campaign has been trying to get voters to feel the joy. “I would say it’s her energy; she’s a joyful, energetic person.”“It just feels really exciting to turn the corner,” she added. Not only did Democrats use more words indicating joy and hope about the election, they also used words indicating feelings of anxiety and apprehension. Still, more than 25 percent of Republicans in July used words like “scared” or “nervous” to describe their feelings about the election.

Persons: Kamala Harris’s, Bill Clinton, Harris, Biden’s, “, Harris’s, Mr, Biden, Tim Walz, . Walz, ”, Nancy Rohr, “ I’m, we’re, Jeff Fitzsimmons, Donald J, Trump, ” Mr, Kid Rock, Stephanie Rhodes, Joel Daria, they’re, Daria, it’s, Carroll Doherty Organizations: Democratic National Convention, New York Times, Siena College, Times, Republican, Old, Trump, Republican National Convention, ”, Labor, Pew Research Center Locations: Siena, Arizona , Georgia, Nevada , Michigan, Pennsylvania, Wisconsin, Minnesota, Orange County, Calif, Norman County, Minn, Silverhill, Ala, Dublin , Ohio

☆ Death of Hedge Fund Stars: Wall Street, Stock Market Titans Are Gone
▼ + stars: | 2024-07-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.

Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine

July 21, 2024As pro-Palestinian demonstrations rocked college campuses this spring with protests of the war in Gaza, many university administrators found themselves eager to quell the action however they could. When Columbia University called in the police in April to break up an encampment, it was the first major detainment of protesters. Since then, more than 3,100 people have been arrested or detained on campuses across the country. Some face more serious charges, like resisting arrest. But in the months since, many of the charges have been dropped, even as some students are facing additional consequences, like being barred from their campuses or having their diplomas withheld.

Organizations: Columbia University Locations: Gaza

2024 Mexico Presidential Election: Live ResultsThe first preliminary results are expected after 10 p.m. Eastern. % Seats Morena and Allies 0 0.0 % Strength and Heart for Mexico 0 0.0 % Citizens’ Movement 0 0.0 % Note: Vote counts and vote share percentages are preliminary. On election night, preliminary results will be provided in real time. Máynez Gálvez Sheinbaum Tie No results Máynez Gálvez Sheinbaum Tie No results Máynez Gálvez Sheinbaum Tie No results No results Sheinbaum Gálvez Tie MáynezAs Mexico heads to the polls, voters are deeply concerned about rising cartel violence, which has emerged as a top election issue. Results by StateThe table below shows preliminary results from the June 2 election in each state grouped by the winner of the last general election.

Persons: Andrés Manuel López Obrador’s Organizations: Party, ’, National Electoral Institute Locations: Mexico, Guanajuato

Thinking back to when Donald Trump was president, what one thing do you remember most about Donald Trump’s presidency? Like past presidents, Mr. Trump has enjoyed a higher approval rating of his time in office in retrospect. Some of them may have spoken about Mr. Trump generally because of the multitude of controversies during his time in office, Mr. Sides said. A handful of voters in the survey, mostly Trump supporters, looked back on the Trump years as a time of peace. In the battle over memories, the Biden campaign will be trying to remind voters of some older ones that reflect poorly on Mr. Trump.

Persons: Donald Trump’s, Trump, ”, Donald J, Trump’s, Jan, “, John Sides, Donald Trump, Here’s, Biden, ” Biden, Seth Masket, Mr, Masket, don’t, Biden’s, ” “ Jan, “ Trump, Covid, North Korea ”, —, Kim Jong, ” Mr Organizations: New York Times, Siena College, Trump, Vanderbilt, Voters, Biden, University of Denver, North Korea, North Korean Locations: Siena, America, Times, Mexico, North Korea, Israel, Russia, Ukraine, Korea

“They have chased down Jewish students. They have screamed at those who bear the Star of David.”Former President Donald J. Trump chimed in. Jewish students have been shouted at to return to Poland, where Nazis killed three million Jews during the Holocaust. There are chants and signs in support of Hamas, whose attack on Israel sparked the current war. A leader of the Columbia protests declared in a video that “Zionists don’t deserve to live.”

Persons: Mike Johnson, ”, jeers, David . ”, Donald J, Biden, “, Israel, don’t Organizations: Columbia University, Trump, Truth, Republicans, Columbia Locations: Gaza, Poland, Israel

On Friday, the judge overseeing Mr. Trump’s civil fraud case issued a final ruling that inflicted a staggering financial penalty. The judge, Arthur F. Engoron, also imposed several new restrictions on Mr. Trump and his family business. For three years, Mr. Trump cannot run any New York company, including portions of his own, nor can he obtain a loan from a New York bank. And the family business will be under the thumb of a watchful outsider, a court-appointed monitor who can hamstring the company if she does not like what she sees. All told, the judge’s decision poses unprecedented threats to Mr. Trump’s finances, his family business and his ego at a critical time for the former president.

Persons: ” Donald J, Trump, Arthur F Organizations: White, Trump Organization Locations: New York

☆ In 100 Victims of the Lahaina Fire, Legacies That Live On
▼ + stars: | 2024-01-28 | by ( Anna Betts | Alex Lemonides | ) www.nytimes.com time to read: 1 min

Terri Thomas was a beloved aunt who loved outdoor adventures. Po’omaika’i Estores-Losano, a musician and father, was trying to rebuild his life. They were among the 100 known victims of the wildfire that tore through Lahaina on the island of Maui in Hawaii on Aug. 8. The identification of Ms. Coloma on Friday brought to a quiet close the somber task by authorities of identifying individuals believed to have died in the blaze. “Our hearts go out to the families, friends and community affected by this devastating event,” Maui officials said in the news release announcing the identification of the 100th fatality.

Persons: Terri Thomas, Po’omaika’i, Tony Takafua, Buddy Jantoc, Lydia Coloma, Coloma Locations: Lahaina, Maui, Hawaii

☆ Analysis: Sizzling rally in US energy stocks has room to run, bulls say
▼ + stars: | 2023-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023. Bullish investors argue that energy stocks are still cheap by historical standards - and far less richly valued than other areas of the market. The energy sector currently trades at a forward price to earnings ratio of 12.2, well below its historical median forward P/E of 15.3, according to LSEG Datastream. Parts of the market appear skeptical energy stocks have much further to run. "That should result in a ... smoother ride for energy stocks than we’ve been accustomed to."

Persons: Bing Guan, LSEG, Charles Lemonides, Baker Hughes, Savita Subramanian, Brent, Bjarne Schieldrop, Rodney Clayton, we’ve, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: Exxon, Mobil, REUTERS, Energy, West Texas, Federal, drillers, U.S . Energy, Administration, Global, Citi, Brent, SEB Research, Macquarie, Duff, Phelps Investment Management, Thomson Locations: Beaumont , Texas, U.S, Saudi Arabia, Russia, China

☆ A recession is only delayed as the economy continues to lose steam. Here's exactly how 8 top strategists and money managers recommend investing in this turbulent market.
▼ + stars: | 2023-08-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Now, the inverse has happened as stocks rally, inflation steadily falls, and the labor market stays healthy. By any historical measure, this is still a really strong labor market," he said. "There's a lot of market concern — understandably so — about the sustainability of the strong labor market," Porter said. "There are clear signs that we're weakening at the margin," Schurmeier said of the labor market. "And they're able to thread the needle on the other part of their mandate, which is the labor market."

Persons: John Porter, Jason Draho, Porter, David Lebovitz, Lebovitz, they're, Draho, Jonathan Curtis, Curtis, Brent Schutte, Schutte, Jake Schurmeier, Schurmeier, they'll, shouldn't, Charles Lemonides, Lemonides, Greg Calnon, Calnon, Franklin Equity Group's Curtis, he's Organizations: Newton Investment Management, UBS Global Wealth, Asset Management, Franklin Equity Group, Workers, Northwestern, Harbor Capital Advisors, Fed, Goldman Sachs Asset Management, Franklin Equity

☆ Make these 9 top investments in a 'stock-picker's market' as economic growth continues, according to a bear-turned-bull whose hedge fund is up 155% in the last 5 years
▼ + stars: | 2023-08-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Standout hedge fund manager Charles Lemonides came into the year careful but is now more optimistic. Heading into 2023, hedge fund manager Charles Lemonides was preparing for the worst. His hedge fund is down 8% in 2023 through May, though it's still up 155% in the past five years. The hedge fund manager said the economy can take another rate hike or two, even though investors may groan about it. The hedge fund manager is currently bullish on energy stocks broadly — particularly those in the oil and gas industry.

Persons: Charles Lemonides, Lemonides, hasn't, it's, We've, he's, Goldman Sachs Organizations: Investors, Federal Reserve, Netflix, Energy, P Oil & Gas Exploration, Production, Unit Corp, United Natural Foods, Yale Materials, Foods Locations: financials

☆ Analysis: Contrarians bet U.S. energy shares will shake doldrums in 2023's second half
▼ + stars: | 2023-06-28 | by ( David Randall | ) www.reuters.com time to read: +4 min

That has hurt shares of energy companies: after soaring in 2022, the S&P 500 energy sector (.SPNY) has lost nearly 10% this year, making it the index’s worst performing sector. Most investors believe central bank interest rate hikes to fight inflation should keep a lid on global growth for the time being. Yet some are positioning for a rebound in energy shares, drawn by attractive valuations and signs the U.S. will continue to stave off an economic downturn. Stan Majcher, a portfolio manager at Hotchkis & Wiley, is among those counting on oil prices rebounding due to tight supply. “If you don’t get it, the path of least resistance is for oil prices to move much higher," he said.

Persons: Brent, David Lefkowitz, Baker Hughes, Stan Majcher, Refinitiv, Charles Lemonides, Sam Peters, David Randall, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: YORK, UBS Wealth Management, UBS, Federal Reserve, TD Securities, . West Texas, Brent, U.S, drillers, Hotchkis, Wiley, Kosmos Energy Ltd, Bank of America Survey, Hess Corp, Occidental Petroleum Corp, ClearBridge Investments, Thomson Locations: U.S, China, Saudi Arabia

☆ Another Stock Market Crash Coming, Wall Street's Top Investors Warn
▼ + stars: | 2023-02-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

This elation has lulled Wall Street into a false sense of security, according to the investing world's elite who I've spoken with over the past few weeks. It's like all the good little boys and girls on Wall Street asked for a rally for Christmas and got it. He added that nonprofessional retail investors' strong return to the market indicated an unsustainable rally. Anytime Wall Street has forgotten that over the past year, it has gotten punished. And that means Wall Street will eventually have to open its eyes, take its fingers out of its ears, and watch this bear-market rally fall apart.

That works out to a 31.2% return on total average short interest of $973.6 billion throughout the year, according to S3 Partners. Stanphyl Capital portfolio manager Mark Spiegel, who has been short Tesla "constantly, in varying size" since 2014, said a bet against Tesla was his fund's most profitable individual short position this year. While higher interest rates have punished growth stocks, some investors believe Tesla CEO Elon Musk's purchase of Twitter is diverting his time running the electric car company. Long-short hedge funds, which bet on stock prices rising or falling, posted a 9.7% loss through November, according to data provider HFR. Charles Lemonides, portfolio manager at $226 billion hedge fund ValueWorks LLC, believes tight monetary policy will weigh on risk appetite next year.

☆ A hedge fund manager who's up over 39% this year says these 6 cheap stocks are well-positioned to survive another bear market in 2023
▼ + stars: | 2022-12-20 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge fund manager Charles Lemonides is up 39% this year through November. Well-placed bets on winning stocks and against losing ones have helped his hedge fund, the ValueWorks Long Biased Composite, rise 39.4% after fees through November. Investing in Lemonides' hedge fund isn't for the faint of heart. "It's a stock-picker's market environment, and I think there are companies that are well-priced and well-positioned today," Lemonides said. Below are Lemonides' six favorite stocks right now along with the ticker, market capitalization, price-to-earnings ratio, and his summarized thesis for each.

Higher interest rates are coming, and they are likely to remain in place for a long time. The Fed last week raised rates by three-quarters of a percentage point, the third consecutive hike of that size. 'RESET' UNDERWAYTo some degree, in fact, the thrust of Fed policy is to force just such a reevaluation. According to one index maintained by the Chicago Fed, overall financial conditions remain below their historical average, or slightly on the "loose" side, a signal that Fed officials may still have, as many of them put it, "work to do." Rising interest rates paid on safe investments like short-term U.S. Treasuries help that effort by changing the prices of a broad array of other assets.

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