We thought we’d first reflect on the stock market which — despite having to reckon with banking blow-ups, geopolitical tensions, and interest rate hikes over the last 3 months — has had a pretty solid start to the year.
Read the entire article: Chartr Newsletter: Mar 27, 2023
Chartr Newsletter: Mar 27, 2023 Read Post »
The stock market’s major indexes are feeling more pain, falling to session lows in afternoon trading Friday. Investors were shaken by the Silicon Valley Bank closure, which is hitting the entire sector.
Read the entire article: Stock Market Loses The Fight; Bank Shutdown Affects Whole Sector | Investor’s Business Daily
Millennials are in the driver’s seat when it comes to trading. And they’re betting big on a handful of favorite S&P 500 stocks.
Tesla (TSLA), Apple (AAPL) and Amazon.com (AMZN) continue to be the top holdings of millennial investors and all are up in value this year, says an Investor’s Business Daily analysis of data from the just-released Apex Next Investor Outlook for the fourth quarter and S&P Global Market Intelligence.
Read the entire article: S&P 500: Millennials Are Trading Like Crazy — Here’s What They’re Buying | Investor’s Business Daily
The news of the (second) impeachment seems strangely pedestrian after the blowtorch intensity of Reddit vs. The Hedge Funds.
The good news is that the hedge funds didn’t conspire with market makers and trading apps to suppress a (warranted) generational revolution.
The inevitable Netflix/Hulu/Starz versions will not be so romantic; Reddit mainly inspired a transfer of wealth from one hedge fund to others. It was a pump and dump masquerading as a movement … with many retail investors left holding the bag.
Read the entire article: The Algebra of Wealth | No Mercy / No Malice
The Algebra of Wealth | No Mercy / No Malice Read Post »
Beats a second career of working as a Walmart greeter, right? -Jeff
TOKYO — A 37-year-old Tokyo man who says he rents himself out to other people “to do nothing” has been inundated with gratitude from Twitter users, indicating people are happy with his new form of support.
“I’m glad I was able to take a walk with someone while keeping a comfortable distance, where we didn’t have to talk but could if we wanted to,” one user wrote. Another reflected, “I had been slack about visiting the hospital, but I went because he came with me.”
Read the entire article: ‘Rent-a-person who does nothing’ in Tokyo receives endless requests, gratitude – The Mainichi
Massachusetts securities regulators filed a complaint Wednesday against the wildly popular trading platform operated by Robinhood Financial LLC, alleging the company aggressively marketed to inexperienced investors and failed to implement controls to protect them.
Read the entire article: Massachusetts Regulators File Complaint Against Robinhood – WSJ
Massachusetts Regulators File Complaint Against Robinhood – WSJ Read Post »
A racing pigeon from Belgium has set a new record after being sold for €1.6m ($1.9m, £1.4m).
New Kim, a two-year-old female, was initially put up for auction for just €200, but was bought by a bidder from China on Sunday for the record amount.
Kurt Van de Wouwer, whose family bred and owned the pigeon, said they were “in shock” at the news, according to Reuters news agency.
Read the entire article: New Kim: Racing pigeon from Belgium sold for record €1.6m – BBC News
New Kim: Racing pigeon from Belgium sold for record €1.6m – BBC News Read Post »
Read the entire article: U.S. single-family homebuilding, permits surge to more than 13-year high | Reuters
U.S. single-family homebuilding, permits surge to more than 13-year high | Reuters Read Post »
Are you tempted to change your investment strategy because of the 2020 Presidential Election? You’re not alone. In a recent survey, 45% of investors said they plan to make changes to their investments because of the election.
If history is any guide, this may not be a wise decision. For the past 12 presidential elections, the S&P 500 Index has generally been positive 90 days before and after Election Day.
Read the entire article: Thinking of Changing Your Portfolio Because of the Election? Think Again.
Thinking of Changing Your Portfolio Because of the Election? Think Again. Read Post »
Last month, the Business Cycle Dating Committee of the National Bureau of Economic Research—the “scorekeepers” of economic recessions and expansions in the U.S.—marked the peak month of the previous expansion in February 2020, officially marking an end to the longest expansion on record (128 months) dating back to 1854.
Read the entire article: Is the U.S. Recession Over? | Iris
Is the U.S. Recession Over? | Iris Read Post »
Robinhood is marketed as a commission-free stock trading product but makes a surprising percentage of its revenue directly from high-frequency trading firms.
It appears from recent SEC filings that high-frequency trading firms are paying Robinhood over 10 times as much as they pay to other discount brokerages for the same volume.
Robinhood needs to be more transparent about its business model.
Read the entire article: Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders | Seeking Alpha
Joe McLoughlin argues that developing a shorter-term sense of what is happening and being able to act on it might help enhance returns in the long run.
Read the entire article: Tactical asset allocation
Tactical asset allocation Read Post »
There’s a reason that I think it’s foolhardy to put too much stock in the predictions of our so-called “experts” in times of duress. Their track record is often (ahem) less than stellar. -Jeff
A lot of people have given some bad advice over the years. Here are the five worst investment calls of the century, according to Howard Gold.
Read the entire article: 5 worst investment calls of this century
5 worst investment calls of this century Read Post »
I’ve always been wary of group-think projections of the future. Man, did GS get this wrong. -Jeff
Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the year.
The dollar versus a basket of euro and yen; yields on Italian bonds versus their German counterparts; U.S. inflation expectations: Goldman Sachs Group Inc. was wrong on all that and more.
Read the entire article: Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016 – Bloomberg Business
Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016 – Bloomberg Business Read Post »
It’s been a really, really tough year for returns.
According to data from Societe Generale, the best-performing asset class of 2015 has been stocks, whose meager 2 percent total return (that is, including dividends) still surpasses those of long-term bonds, short-term Treasury bills and commodities. These minimal gains make 2015 the worst year for finding returns since 1937,
Read the entire article: 2015 was the hardest year to make money in 78 years
2015 was the hardest year to make money in 78 years Read Post »
