Oxford Ledge — markets, SEC filings, and free finance lessons. Monday, October 26th.
A research platform for lifelong students and investors — delayed market data, SEC filings, and over four hundred free lessons.
LEDGE FACTThe 'Greenspan put' label took hold after the FOMC cut the federal funds rate three times in seven weeks — September 29, October 15, and November 17, 1998 — totaling 75 basis points to backstop markets after Russia's default and the LTCM unwind, even with US growth still tracking above trend. (Federal Reserve press releases (1998))
Today's headlines
Ken Griffin’s Citadel Securities to Expand India Office
Pavimar returns to newbuild market with four Hengli bulkers
Start with a lesson
No account needed — the lessons are free. Begin with how the market actually works, in plain English, a few minutes at a time.
Today's reading
What is a P/E Ratio?
13F holdings
Large investment funds must disclose their U.S. stock holdings every quarter. Pershing Square opened a new ~$2.1B position in Microsoft (MSFT).
Trian Fund Management holds GE Aerospace (GE) as its largest disclosed position.
From the reading list — Memo
Howard Marks: “The Calculus of Value Investing”
Markets
10-year sits at 4.96% as of Oct 22 — up 77 bps from the year's open.
What’s new
- A welcome-back note when you returnSigned in and back after eight hours or more? The dashboard opens with a short note listing the latest updates. Choose "Don't show again" to turn it off.
- Industry tables show their context figures to everyoneWithout signing in, industry comparisons now show each company's price, market value and last-twelve-months revenue, plus the quarterly trend of the headline measure.
- After the close, quotes show the closing priceWhen the market is closed, a ticker page shows the last close and its day, such as Close Fri Oct 9, instead of a fetch time that read as a live quote.