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The market is rotating away from Mag 7 and AI, with rising credit spreads signaling increased skepticism about large tech and data center CapEx. Free cash flows at key tech names like ORCL and META have rolled over, and rising CDS levels suggest the market is questioning AI investment payoffs.
Japanese government bond yields surged to 2008 highs, signaling potential global market disruption and carry-trade unwinds. Databricks seeks $5B at a $134B valuation, nearly 32x sales, with sales forecast up 55% but gross margin declining to 74%.
Lazard Japanese Equity ETF (NASDAQ: JPY - Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 24,400 shares, an increase of 177.3% from the September 30th total of 8,800 shares. Approximately 1.3% of the company's shares are sold short. Based on
Lazard Asset Management on Monday completed the conversion of the Lazard International Equity Advantage mutual fund to the International Dynamic Equity Fund (IEQ). The fund is now trading on the NYSE Arca.
On Monday, Lazard Asset Management announced that it has released its first three active ETFs in the United States. Each of these new funds taps into Lazard's extensive portfolio experience to offer a distinct investment strategy.
SEC filings for JPY aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.