Bret Jensen was chief investment strategist from 2008-2011 for Simplified Asset Management (S.A.M.), a small long/short hedge fund based in Miami. The fund was in top 5% of long/short hedge funds for total return in its first full year (2009) as ranked by Hedgeco fund database (more than 450 funds in category). Jensen has nearly 20 years of experience in the financial services industry, including more than a decade of managerial experience at American Express.Expand

He holds a Bachelor of Science degree in finance from Arizona State University. His personal blog is at http://www.bretjenseninvests.com. Jensen acts as corporate secretary for Florida Alternative Investment Association, which encompasses more than 100 managers managing more than $30 billion in assets under management.

Follow Bret on Twitter: @Bret_Jensen.Collapse

Say 'So Long' to May Real Money Pro($)

The market ended the last trading day of May on a down note, but off the lows of the day. Bank of America Merrill Lynch went cautious on China after a huge rally this year. One interesting tidbit from the call was about debt levels. Corporate debt of $12.5 trillion is 125% of Chinese GDP vs. 101% in Japan, 67% in the U.S. and 45% in India. BAML states based on an enterprise-value-to-earnings basis, Shanghai is the most overvalued major market in world right now. Like I said, interesting call.
Markets continue to be under pressure as we enter the last 90 minutes of trading in May. Some of the small biotechs I highlighted as big winners in the 1:00 p.m. update have come back a bit as some end-of-month window dressing might be going on in the space and as the market has weakened.
Markets still down at mid-day but up off the lows coinciding with the close of the European stock markets.
Markets have fallen since our last update, with the Dow off triple digits as we are two hours into the trading day. Oil is having a nice day, up approximately 3% and approaching $60 a barrel again on WTI.  Not surprisingly, energy sector outperforming in down market. 
Epirus and Synergy Pharma are no bitter pill for your portfolio.

Jensen's Midmorning Musings Real Money Pro($)

The U.S. market has opened slightly down, while China's market is officially in correction territory. Any investor who's tired of the domestic markets' low volatility should check out recent movements of the Shanghai index, which looks like what we saw in the Nasdaq Composite in late 1999 and early 2000.

Stocks to Watch Today Real Money Pro($)

Looks like a pretty flat opening to begin May's last trading day. The chip sector's big acquisition frenzy continues, as it appears that Intel (INTC) is on the verge of acquiring Altera (ALTR) for $15 billion once their standstill agreement expires on June 1.

Jensen's Morning Musings Real Money Pro($)

It's good to be filling in for Doug Kass once again this Friday.
| May 28, 2015
| 8:03 AM EDT
Merger Thursday? Avago Technologies (AVGO) and Broadcom (BRCM) make their $37 billion tie up official. Chip s...
| May 27, 2015
| 3:59 PM EDT
Market recovers from yesterday's losses as investors go back into "risk on" mode. Concert Pharmaceuticals (CNC...

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