Oil spikes to a three-month high as Iraq’s stability crumbles
Breakfast with Benjamin:Oil spikes as Iraq's stability crumbles. Plus: Hedge funds bristle at Obama's latest executive order, the significance of the Dow at 17,000, how active managers are helping index investors, and quantitative analysis is being applied to golf scores.
- Oil jumps to a three-month high as militants march on toward Bagdad. This can’t be good. The insurgency is hitting financial markets and global currencies
- Hedge funds are taking issue with Obama’s student loan plan. The President’s latest executive order presents trouble and shows a lack of understanding of the asset-backed securities market. Putting private student loan lenders out of business
- As the Dow inches toward the 17,000 mark it becomes clear that most people missed the historic run. Also historic is that the stock market might be the only thing working in this economy. Long and painful crisis in confidence
- The psychology of another stock market milestone. In the immortal words of Hillary Clinton, ‘What difference does it make?’ Emotional convictions tend to be contagious
- As active strategies get better, index investors are increasingly reaping the benefits. Part of the reason is speed of information
- Math-driven data is helping average golfers shave strokes. The tip of the iceberg in data gathering
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