Author Archives: Scalper1

Active Risk Parity Returns For The First Quarter

March was a good month for our risk parity portfolios. The Active Risk Parity Portfolio With 7% Volatility Target returned 1.5% for the month, putting its total returns at a little over 2% year to date. These returns are slightly higher than those of the S&P 500 year to date, but we also missed the massive drawdowns in January and early February. Slow and steady wins the race. Charles Sizemore is the principal of Sizemore Capita l, a wealth management firm in Dallas, Texas. Disclaimer: This article is for informational purposes only and should not be considered specific investment advice or as a solicitation to buy or sell any securities. Sizemore Capital personnel and clients will often have an interest in the securities mentioned. There is risk in any investment in traded securities, and all Sizemore Capital investment strategies have the possibility of loss. Past performance is no guarantee of future results. Original Post

Europe About To Formally Open A New Front In Its War On Google

The European Union raced ahead with its antitrust probe against Google’s Android mobile-phone operating system, a sign that it’s poised to send out a formal complaint within days. EU regulators have given Google’s critics deadlines as short as 24 hours to remove business secrets from evidence that could be used in the case — a step seen as a sure sign that a statement of objections is on its way, according to two people, who asked not to be named because the process is private. Alphabet, Microsoft Join Amazon As Market Leaders; Breakout Soon? Alphabet ( GOOGL ) unit Google is one of the most high-profile targets for EU Antitrust Commissioner Margrethe Vestager. The EU’s speeding up of the Android probe follows the same pattern as last year’s escalation of a separate case targeting the company’s comparison shopping-search service. Google received antitrust objections just weeks after rivals got similar EU requests to declassify documents. Google’s advertising business and tax arrangements are also being reviewed by the EU. “In some markets Android has become very very big and we have had people coming to us with concerns,” Vestager told CNBC last week. The probe is “a high priority because these are fast-moving markets.” Two Google spokespeople didn’t immediately respond to requests for comment. The European Commission declined to comment because the investigation is ongoing. EU officials still need to meet with Google for so-called state of play talks — where companies are usually informed of regulators’ concerns before formal objections are sent. More than five years after the EU opened the search probe, it’s still weighing whether to fine Google or order it to change its business practices. In previous antitrust cases, the EU has forced Microsoft ( MSFT )  and Intel ( INTC ) to pay billions of euros in fines. The Android software for mobile phones has been in the EU’s sights since 2013 after it got a complaint from an industry group backed by Microsoft and Nokia ( NOK ). The EU opened a formal probe last year, examining Google’s agreements with smartphone and tablet manufacturers that make devices sold with Google apps already installed. The EU has been concerned in the past by Google’s bundling of apps such as Maps, YouTube and Chrome software with Android, questioning whether the practice harms independent developers of competing apps. The EU is also looking at whether Mountain View, California-based Google has stopped manufacturers developing and marketing their own versions of Android.