- Hillary Clinton ups the ante on rival Bernie Sanders with a new “Fair Share Surcharge” to tax the wealthiest Americans. The 4% surcharge would raise $150 billion over 10 years.
- Pinning the plight of cheap oil not on a worldwide glut of the commodity, but on the stubborn strength of the U.S. dollar. It's a theory. Further dollar strength seems likely.
- If you're too young to remember Long-Term Capital Management, just know that when the giant hedge fund was imploding in the late 1990s it was dubbed 'Long-Gone Capital Management.' Looks like LTCM is getting the band back together.
- Neuberger Berman is going all in for the options business, betting that investors are looking for a little more juice in their returns. The asset manager has acquired the options investing team from Horizon Kinetics. “We do think that using options in portfolios is going to be a growth area.”
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.