Amid macroeconomic concerns, Delta Air Lines seems to be a more solid bet compared to its peer American Airlines for three fundamental reasons. By DM Martins’ Research Summary Airline stocks tend to be highly sensitive to the business cycles, and the sector has already started to correct in the face of macroeconomic concerns But if I were to invest in a US-based airline in hopes of an eventual rebound, or maybe to set up a long-short trade, which would be my chosen winner? I will present below three reasons why I believe that Delta has an edge over American, including…

Buoyant bullion appetite in North America drove further inflows into gold-backed exchange-traded funds in March, according to the World Gold Council. Global funds added 92 tonnes of material last month worth a total of $8 billion, the organization said. The WGC noted that “after four monthly inflows in a row, total [assets under management, or AUM] of global gold ETFs reached another month-end peak of $345 billion and holdings rose 3% to 3,445 tonnes.” Physical holdings ended March at their highest level since May 2023, the WGC said. The current record stands at around 3,915 tonnes recorded in October 2020…

Key News Asian equities experienced another deep drawdown, except for Hong Kong, Mainland China, and Thailand, as the Philippines missed the fun due to “Araw ng Kagitingan,” which celebrates the heroism of Filipino and American soldiers in World War II. This morning, China’s government reciprocated the U.S. government’s tariff increase by increasing tariffs on U.S. goods to a whopping 84%. Is not being at the U.S.’ level of 104% a sign of willingness to cooperate? The offshore Renminbi (CNH), which trades during U.S. hours, is stable this morning at 7.37 CNH per USD, after rising to 7.42 yesterday and from…

Name: Adam Epstein Firm: UBS Private Wealth Management Location: Greenwich, CT Team Custodied Assets: $7.9 billion Background: Raised in Lawrenceville, just outside of Princeton, NJ, Adam Epstein grew up in a family focused on education—his mother was a teacher and his father was a psychologist. Their influence instilled in him the importance of finding meaning in his work. After graduating from Bucknell University, where he studied Business Economics and Psychology, he interned at Merrill Lynch, which cemented his interest in wealth management. After a stint in institutional asset management from 1999 to 2006—including time in London advising banks and insurance…

On 4/10/25, Verizon Communications, Oracle, and AT&T will all trade ex-dividend for their respective upcoming dividends. Verizon Communications will pay its quarterly dividend of $0.6775 on 5/1/25, Oracle will pay its quarterly dividend of $0.50 on 4/23/25, and AT&T will pay its quarterly dividend of $0.2775 on 5/1/25. 10 Stocks Where Yields Got More Juicy » As a percentage of VZ’s recent stock price of $42.54, this dividend works out to approximately 1.59%, so look for shares of Verizon Communications Inc to trade 1.59% lower — all else being equal — when VZ shares open for trading on 4/10/25. Similarly,…

Key News Headlines are speaking to Asia’s rebound, highlighted by Japan’s very strong move along with Hong Kong, Mainland China, India, the Philippines, and Australia, all of which rebounded significantly overnight. However, Indonesia reopened lower by -7.90%, Taiwan was down by -4.02%, Thailand was down by -4.50%, Singapore was down by -2.01%, and Vietnam fell -6.43%. China’s government sent the cavalry in to support the stock market and was starting to feel a bit like George Custer. It was interesting to hear that the U.S. Treasury Secretary bashed the U.S. stock market because only rich people held it versus the…

Europe’s auto exports to the U.S. could fall by just over 20% or 200,000 vehicles in 2025 if the new 25% tariff lasts for the whole year, French automotive consultancy Inovev said. The new tariff started April 3. It replaces the previous tariff of 2.5%. Inovev estimated total exports last year were just over 900,000, led by the Mercedes GLC, and Volvos XC90 and XC60. Volvo is owned by Geely of China. The U.S. is Europe‘s biggest auto export market, followed by Turkey with just over 600,000 and China’s close to 500,000. European sales to the U.S. – the EU…

I often talk about high-yielding closed-end funds that are great buys because, well, there are plenty of CEFs that are. Yes, even in unprecedented times like these. That’s because the best CEFs offer three things we love: Big dividends, with an average yield of 7.8% across the asset class. Bargain valuations, with average discounts to net asset value (NAV, or the value of a CEF’s underlying portfolio) of 5%. Proven performance, with 94% of CEFs posting positive returns (with dividends reinvested) over the last decade. Ninety. Four. Percent. Still, every once in a while, a CEF comes across my desk…

Name: Catherine Evans Firm: J.P. Morgan Wealth Management Location: San Francisco, CA Team Custodied Assets: $2.2 billion Background: Catherine Evans grew up in Northern California and developed a passion for travel while earning her degree in International Relations from Stanford University. After graduating, she worked in management consulting, focusing on strategic initiatives for companies, before going to business school at the University of California Berkeley. While there she became interested in personal finance and saw a direct link between her work for companies and how wealthy families manage their money—almost like a business. After returning to consulting at Oliver Wyman,…

Name: Mary Mullin Firm: Merrill Wealth Management Location: Boston, MA Team Custodied Assets: $1.6 billion Background: Mary Mullin grew up in Long Island and moved to Boston after graduating from the State University of New York Albany. In 1981, while working a waitressing job at night, she got her first at Merrill Lynch, working in the back operations center in, before quickly moving to the sales side. After training to become a financial advisor , she teamed up with her mentor, working together for years until he retired. In 1998, she finally built her own team, which today includes her…