This post first appeared on FloatingPath
The S&P 500 is up an impressive 24% so far in 2013 as investors continue to be optimistic in the absence of indications the Federal Reserve will taper its asset purchases yet. This year’s market gains are also some of the most balanced we have seen in a historical sense.
Joseph Quinlan, Chief Market Strategist at U.S. Trust., points out that not since 1995 have all 10 sectors of the S&P 500 gained 10% or more. However, 9 sectors have increased that much on 3 different occasions since then.
Blue Mountain Credit Fund still in the red YTD; here are their biggest holdings
Blue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More