Join the experts at Invesco for an educational webcast exploring strategies and ETFs for tax optimization.
When building a portfolio, advisors need to optimize asset allocations and manage risk. But they also need to understand the trends happening in the market and the tools that can be leveraged to meet the moment.
Conference season brings about its own set of volatility catalysts. Portfolio managers and traders must keep their ears out for clues on the state of the broad economy, specific industries, and individual companies.
The Fed enacted a 0.50% interest rate cut, the first in the Fed’s historic fight against inflation that’s lasted over two years.
The Conference Board Leading Economic Index (LEI) decreased in August to its lowest level since October 2016. The index fell 0.2% from the previous month to 100.2, marking its sixth consecutive monthly decline.
An ETF that just last month was dubbed the most volatile to ever hit Wall Street has already been upstaged, after the debut of a competing product that adds even more leverage.
Just as Wall Street traders come to grips with the Federal Reserve’s interest-rate cut, Friday’s US options expiration threatens to whipsaw the market some more.
With the Fed nearing its first interest rate cut since 2020, enthusiasm for fixed income assets is increasing. Enter the ALPS Intermediate Municipal Bond ETF.
The price increments at which thousands of stocks and ETFs are quoted look set for an overhaul Wednesday, when the US Securities and Exchange Commission votes on final rules to reduce them to less than 1 cent.
It might just be the most audacious bid on Wall Street to exploit newfangled AI tools to mimic the legends of finance.
The last five years have bombarded investors with a seemingly never-ending array of challenges. Yet despite all these obstacles the S&P 500 is up almost 90% as of this writing.
History suggests Presidential elections are not nearly as important to the financial markets as the media plays them up to be, and a focus on fundamentals rather than political slogans has generally been beneficial. Historical asset class and sector performance shows virtually no consistent performance pattern under Democratic or Republican Presidents.
The yield curve measures the difference between short-term, intermediate-term, and long-term Treasury yields.
Active fixed income ETFs have taken a big leap this year per new research about active ETFs that may draw new investor eyes.
Nominal retail sales in August were up 0.05% month-over-month (MoM) and up 2.13% year-over-year (YoY). However, after adjusting for inflation, real retail sales were down 0.14% MoM and down 0.45% YoY.
The Census Bureau's Advance Retail Sales Report for August revealed headline sales were up 0.1% last month. The latest reading was higher than the expected -0.2% monthly growth in consumer spending.
When buying or selling an RIA practice, one of the most important documents you'll encounter is the Asset Purchase Agreement (APA). This agreement is like the foundation of the deal, spelling out exactly what is being bought or sold, how much will be paid, and the responsibilities of both parties.
Alphabet Inc. shares have been struggling for the past two months amid mounting regulatory uncertainty. For some bulls, that’s a buying opportunity.
Investors piled money into exchange-traded funds that buy emerging-market bonds on Friday amid optimism that developing-nation debt will get a boost from a highly anticipated Federal Reserve rate cut this week.
In this article, Russ Koesterich discusses why the next bout of market volatility may last a bit longer than previous downturns and how to best position your portfolio against this backdrop.
Market participants don’t need to pick names in search of chip stock value, because the ETF SMH holds chip equities sporting favorable valuations.
The longest continuous yield curve inversion has finally come to an end. Or has it? The answer depends on how you measure it.
I have looked at market data on inflation expectations, Fed Funds futures, and other factors that influence interest rates. Today, I add an unorthodox factor to the list: cash cows.
For a brief moment, when volatility picked up in early August and again in early September, we saw some appetite reappear for low volatility ETFs
With tax-loss harvesting season on the horizon, investors may want to consider a pair of tax-conscious, active fixed income ETFs.
The S&P 500 index is a critical benchmark for the U.S. equity market, and its performance often dictates investor sentiment and decision-making. Between November 1, 2022, and September 6, 2024, the S&P 500 experienced a significant rally but not without volatility. Currently, investors have very mixed views about where markets are heading next as concerns of a recession linger or what changes to monetary policy will cause.
In my cycles book I’m reviewing the forecasts of Neil Howe, Peter Turchin, George Friedman, and Ray Dalio. For different historical reasons and patterns, all see a crisis culminating at the end of this decade. Some readers have legitimately pushed back, saying no one knows the future.
As we move into the final stretch of 2024, many investors may be asking themselves: Is it time to give airline stocks another look? According to a new report from Bank of America (BofA), the answer might very well be yes
The S&P 500 finished the week ending September 13 up 4.02% from last Friday. The index is currently 0.73% off its record close from July 16th, 2024 and is now up 18.62% year-to-date.
What is interesting about the growth of hedged equity is that most of the assets are held in passively managed structures.
Due to balance sheet concerns, the higher-for-longer interest rate environment has been a significant headwind for the relative performance of U.S. small-cap equities.
China’s bond traders defied signs of intervention to push sovereign yields to a record low, setting the stage for a showdown with authorities seeking to tame the blistering debt rally.
In this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation and Professor Nathan Mauck, Phd. are going to talk about how to approach growth stock investing. As Mr. Valuation, Chuck is a proponent of growth at a reasonable price, often referred to as GARP investing, and Professor Mauck is going to provide some insights into what that actually means.
The single-stock ETF frenzy is going global, with a new bid to launch products that give US traders a way to bet directly on overseas companies — without fretting about currency risk.
Nvidia’s strong earnings exceeded expectations, but the stock fell as investors recalibrated their expectations given its high valuation.
Passive fixed income index investing has evolved significantly over the previous decade, offering investors the flexibility to align risk requirements and investment goals. Learn more from our experts.
Recent Fed commentary and economic data have crystallized investor confidence in rate cuts coming in less than a week
Last week, the labor data showed a weakening labor market, but didn't give clear signals for the Fed to cut rates by 50 bp at the next FOMC.
Wholesale inflation increased more than expected last month. The producer price index for final demand increased 0.2% month-over-month (s.a.). On an annual basis, headline PPI decelerated from 2.1% in July to 1.7% in August.
With U.S. equities perhaps calling for diversification, an active international ETF like TOUS could play a helpful role.
History typically shows that election years don't produce major volatility swings in the municipal bond market.
Multiple jobholders account for 5.1% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
Let's take a close look at August's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.5% of total employed workers are full-time (35+ hours) and 17.5% of total employed workers are part-time (<35 hours).
Inflation cooled for a fifth straight month in August, dropping to its lowest level since February 2021. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 2.5% year-over-year, right in line with economist expectations. Additionally, core CPI cooled to 3.2% as expected.
Here’s a quote attributed to P. J. O’Rourke, an American author, journalist and political satirist: “There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud.”
When you pay attention to details in the financial services industry, you elevate your firm’s standing and demonstrate to clients that their relationships are valued. Small, considerate gestures can transform clients’ perception of your service, often bridging the gap between a satisfactory experience and an exceptional one.
Try to understand specifically where you are going off track. Many times these are behavioral disconnects. If you have a boss who is highly attuned to rules and quality and you are someone who doesn’t notice details as much, you might be failing in their eyes. First, start with seeking to understand.
Mario Draghi wants Europe to follow the United States and China down the road marked “industrial strategy.” As Europe’s most influential economist — a former head of the European Central Bank, prime minister of Italy and technocrat supreme — Draghi had enormous leeway in preparing his report on European competitiveness.
Banks and shadow banks are meant to exist in separate worlds, but the financial links between them are increasingly seen as a source of potential instability. That’s a problem for banks because the business of forging those ties has lately been among the hottest activities on Wall Street.
Goldman Sachs Group Inc. has a message for benchmark managers who are weighing big reshufflings of their indexes to account for a handful of stocks growing to interstellar size: slow down.
Is now the time for a small-caps ETF? Rate cuts and other potentially positive indicators could position the space to benefit.
While technology is a powerful driver of economic growth, it also presents challenges that can negatively impact productivity, equality, mental health, and societal cohesion. Addressing these issues ensures that technological advancements promote sustainable and inclusive economic growth.
In emerging markets, technological advancements present a unique opportunity to empower underserved communities.
The safest way to ensure retirement security is to match, on a year-by-year basis, future spending needs with a reliable stream of inflation-adjusted income and maturing fixed-income assets. As we’ve already seen, a conventional stock/bond portfolio may not cut that mustard.
State Street Global Advisors and Galaxy Asset Management are launching a trio of cryptocurrency-focused exchange-traded funds even as investors pull back from spot Bitcoin funds.
When John D. Rockefeller wanted to punish a rival, he cut prices to force them to operate at a loss. The father of the modern oil industry had a name for it: a “good sweating.” A century later, OPEC+ is giving Big Oil the modern equivalent of Rockefeller’s time-tested tactics. Not everyone will be fit enough for it.
An analysis of the leadership reversal and market sell-off observed in recent weeks and why an emphasis on equities with consistent fundamentals is justified.
Shares of Nvidia are down 17.22% for the week ending Sept. 4. The firm is widely viewed as one the equity proxies on the AI investment theme.
Last week, the BlackRock Target Allocation Team reduced their equity exposure and reduced some growth allocations in favor of value.
To tackle the costs of higher education, many families use a 529 plan to bolster savings. An ETF strategy can bring long-term savings growth.
78 million baby boomers are about one-third of the voter-eligible population and 77 percent of them vote, so there are 60 million baby boomer votes. That 60 million is 38 percent of the 158 million votes cast in the 2020 presidential election. The baby boomer voters’ bloc is a big deal.
In this article, we’re going to throw some cold water on the DI love-fest by explaining why most tax-sensitive investors would be better off with a simpler approach to tax loss harvesting.
US Bitcoin exchange-traded funds have posted their longest run of daily net outflows since listing at the start of the year, part of a wider retreat from riskier assets in a challenging period for global markets.
Cloud computing has been one of the first industries to get a demonstrable boost from artificial intelligence. Oracle Corp.’s quarterly results on Monday are likely to extend that trend.
Stock buybacks have boomed in recent years. With corporate cash flows remaining high and potential rate cuts from the Fed, the trend appears set to continue.
Shopping around for an active ETF? This strategy has outperformed SPY recently thanks to its ability to over- or underweight certain stocks.
ETFs saw a record number of inflows in August, including bond-focused funds, which are offering opportunities in corporate debt.
The U.S. economy may be heading into choppy waters, and investors might be wise to buckle up.
The main focus for investors should is no longer if the Fed will cut rates in 2024, but how much and how quickly the Fed will lower interest rates.
Recent growth data have been muddled and subject to conflicting interpretations. There have been mixed signals from leading indicators and hard data and divergent readings across major economies.
Amundi SA and First Eagle Investment Management are looking to raise as much as $5 billion for a new private credit strategy that will offer wealthy individuals in Europe, the Middle East and Asia access to private loans made to mid-size US companies.
Nvidia Corp. has wiped out more than $400 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.
As market sensitivity to economic data continues, investors would do well to consider active strategies amidst ongoing volatility.
After two days of record sales in the US blue-chip corporate debt market, another 11 companies are looking to sell bonds on Thursday, and demand for the securities is holding strong by key measures.
The concept of portable alpha is over 40 years old. And while it has evolved through various forms over that time, it continues to be a valuable portfolio tool for institutional investors. Arguably, the most popular iteration right now is adding alpha expected from hedge funds on top of synthetic beta exposure.
Gold is typically an asset that doesn’t generate yield, but there are ETFs that deliver yield on a gold position through options.
The yield on the 10-year note ended September 6, 2024 at 3.72%, the 2-year note ended at 3.66%, and the 30-year at 4.03%.
The world’s biggest asset manager is taking some chips off the table as markets enter a “new phase” of turbulence ahead of a Federal Reserve interest rate cutting cycle and the US presidential election.
In a recent discussion with Adam Taggart via Thoughtful Money, we quickly touched on the similarities between the U.S. and Japanese monetary policies around the 11-minute mark. However, that discussion warrants a deeper dive. As we will review, Japan has much to tell us about the future of the U.S. economically.
We often write about the opportunity for fixed income investors to lock in relatively attractive long-term rates. And we would argue that investment consultants and financial advisors have no more important charge than to convince their clients to take advantage of this while they still can.
High interest rates have had the predictable effect of restraining the performances of dividend stocks and related exchange traded funds.
Private assets are the fastest-growing market in the financial world, but could be the most challenging field for ETF providers to penetrate.
The Institute of Supply Management (ISM) has released its August services purchasing managers' index (PMI). The headline composite index is at 51.5, slightly better than the forecast. The latest reading moves the index back into expansion territory for 48th time in the past 50 months.
The Federal Reserve is creating the potential for extreme bouts of volatility surrounded economic data releases.
Tax policies touted in the US presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.
The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve will slash interest rates by a half-percentage-point this month faces its biggest test yet from Friday’s US jobs report.
Labor Day weekend, marking the end of the US summer driving season, is typically the year’s last hurrah for gasoline producers. This year, the high-fives were reserved for drivers (and White House occupants): The average pre-long weekend pump price was down 13% from last year after gasoline refining margins collapsed in August. Pump prices have eased further this week.
Despite pullbacks and elevated volatility in the earlier days of the month, major equity indices were up in August.
Jane Street Group LLC and Citadel Securities are on a tear. First-half revenue at the two predominantly electronic market makers grew about 80% compared with the first six months of 2023, according to Bloomberg News. That’s enough to make traditional Wall Street executives green with envy — but these upstarts aren’t going to completely devour the old guards’ lunch.
Investors should be careful what they wish for in hoping for an aggressive Fed rate cutting cycle, given stocks tend to do better when cuts are slow and steady.
ETF
Tax-efficient investing with ETFs: A Q4 strategy
Join the experts at Invesco for an educational webcast exploring strategies and ETFs for tax optimization.
ETFs and Portfolio Construction: trends, managing risk and optimizing asset allocation
When building a portfolio, advisors need to optimize asset allocations and manage risk. But they also need to understand the trends happening in the market and the tools that can be leveraged to meet the moment.
Financials-Sector Fallout: Macro Clues from Conferences and Interim Data
Conference season brings about its own set of volatility catalysts. Portfolio managers and traders must keep their ears out for clues on the state of the broad economy, specific industries, and individual companies.
Fed Takes Aggressive Rate Cut Approach: Now What?
The Fed enacted a 0.50% interest rate cut, the first in the Fed’s historic fight against inflation that’s lasted over two years.
CB Leading Economic Index: Continues to Fall, Triggering Recession Signal
The Conference Board Leading Economic Index (LEI) decreased in August to its lowest level since October 2016. The index fell 0.2% from the previous month to 100.2, marking its sixth consecutive monthly decline.
ETF-Volatility Race Heats Up on 200% Leveraged MicroStrategy Bet
An ETF that just last month was dubbed the most volatile to ever hit Wall Street has already been upstaged, after the debut of a competing product that adds even more leverage.
Wall Street’s $5.1 Trillion Triple-Witching Is Next Market Test
Just as Wall Street traders come to grips with the Federal Reserve’s interest-rate cut, Friday’s US options expiration threatens to whipsaw the market some more.
Muni Bond Enthusiasm Rises Ahead of Fed Rate Cuts
With the Fed nearing its first interest rate cut since 2020, enthusiasm for fixed income assets is increasing. Enter the ALPS Intermediate Municipal Bond ETF.
SEC Poised to Vote on Overhaul of Stock Pricing, Exchange Fees
The price increments at which thousands of stocks and ETFs are quoted look set for an overhaul Wednesday, when the US Securities and Exchange Commission votes on final rules to reduce them to less than 1 cent.
New Chatbot ETF Promises to Mimic Warren Buffett, David Tepper
It might just be the most audacious bid on Wall Street to exploit newfangled AI tools to mimic the legends of finance.
Hedged Equity: For the Best of Times, For the Worst of Times
The last five years have bombarded investors with a seemingly never-ending array of challenges. Yet despite all these obstacles the S&P 500 is up almost 90% as of this writing.
Fade the Election
History suggests Presidential elections are not nearly as important to the financial markets as the media plays them up to be, and a focus on fundamentals rather than political slogans has generally been beneficial. Historical asset class and sector performance shows virtually no consistent performance pattern under Democratic or Republican Presidents.
Getting Back to Normal: The Yield Curve
The yield curve measures the difference between short-term, intermediate-term, and long-term Treasury yields.
Active Fixed Income ETFs Have Seen Flows Jump in 2024
Active fixed income ETFs have taken a big leap this year per new research about active ETFs that may draw new investor eyes.
The Big Four Recession Indicators: Real Retail Sales Down 0.1% in August
Nominal retail sales in August were up 0.05% month-over-month (MoM) and up 2.13% year-over-year (YoY). However, after adjusting for inflation, real retail sales were down 0.14% MoM and down 0.45% YoY.
Retail Sales Up Only 0.1% in August, But Better Than Expected
The Census Bureau's Advance Retail Sales Report for August revealed headline sales were up 0.1% last month. The latest reading was higher than the expected -0.2% monthly growth in consumer spending.
Why It’s Important to Understand the Asset Purchase Agreement When Buying or Selling a Practice
When buying or selling an RIA practice, one of the most important documents you'll encounter is the Asset Purchase Agreement (APA). This agreement is like the foundation of the deal, spelling out exactly what is being bought or sold, how much will be paid, and the responsibilities of both parties.
Alphabet’s Antitrust Woes Have Made It a Cheap Buy for Bulls
Alphabet Inc. shares have been struggling for the past two months amid mounting regulatory uncertainty. For some bulls, that’s a buying opportunity.
Risk Traders Buy Emerging-Market Bond ETFs Ahead of Fed’s Cut
Investors piled money into exchange-traded funds that buy emerging-market bonds on Friday amid optimism that developing-nation debt will get a boost from a highly anticipated Federal Reserve rate cut this week.
Why the Next Spike in Market Volatility May Last
In this article, Russ Koesterich discusses why the next bout of market volatility may last a bit longer than previous downturns and how to best position your portfolio against this backdrop.
Some Bargains Available in a Surprising ETF
Market participants don’t need to pick names in search of chip stock value, because the ETF SMH holds chip equities sporting favorable valuations.
What Is the Yield Curve Telling Us?
The longest continuous yield curve inversion has finally come to an end. Or has it? The answer depends on how you measure it.
Cash Cow Clues: Can Dividend Yields Forecast Interest Rates?
I have looked at market data on inflation expectations, Fed Funds futures, and other factors that influence interest rates. Today, I add an unorthodox factor to the list: cash cows.
What VIX Tells Us About Opportunity in Low Vol ETFs
For a brief moment, when volatility picked up in early August and again in early September, we saw some appetite reappear for low volatility ETFs
Tax-Loss Harvesting? These Fixed Income ETFs Deserve a Look
With tax-loss harvesting season on the horizon, investors may want to consider a pair of tax-conscious, active fixed income ETFs.
S&P 500 – A Bullish And Bearish Analysis
The S&P 500 index is a critical benchmark for the U.S. equity market, and its performance often dictates investor sentiment and decision-making. Between November 1, 2022, and September 6, 2024, the S&P 500 experienced a significant rally but not without volatility. Currently, investors have very mixed views about where markets are heading next as concerns of a recession linger or what changes to monetary policy will cause.
The Revolt of the Public
In my cycles book I’m reviewing the forecasts of Neil Howe, Peter Turchin, George Friedman, and Ray Dalio. For different historical reasons and patterns, all see a crisis culminating at the end of this decade. Some readers have legitimately pushed back, saying no one knows the future.
It’s Time to Reconsider Airline Stocks. Here Are Four Reasons Why.
As we move into the final stretch of 2024, many investors may be asking themselves: Is it time to give airline stocks another look? According to a new report from Bank of America (BofA), the answer might very well be yes
S&P 500 Snapshot: Market Bounces Back
The S&P 500 finished the week ending September 13 up 4.02% from last Friday. The index is currently 0.73% off its record close from July 16th, 2024 and is now up 18.62% year-to-date.
The Case for Active Management of Hedged Equity
What is interesting about the growth of hedged equity is that most of the assets are held in passively managed structures.
Positioning for a Small-Cap Market Rotation in Our Model Portfolios
Due to balance sheet concerns, the higher-for-longer interest rate environment has been a significant headwind for the relative performance of U.S. small-cap equities.
China Bond Yields Sink to Record Low With Intervention in Focus
China’s bond traders defied signs of intervention to push sovereign yields to a record low, setting the stage for a showdown with authorities seeking to tame the blistering debt rally.
Growth At A Reasonable Price – The Risks And Rewards
In this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation and Professor Nathan Mauck, Phd. are going to talk about how to approach growth stock investing. As Mr. Valuation, Chuck is a proponent of growth at a reasonable price, often referred to as GARP investing, and Professor Mauck is going to provide some insights into what that actually means.
Single-Stock ETF Boom Intensifies With 18 Bets on Overseas Firms
The single-stock ETF frenzy is going global, with a new bid to launch products that give US traders a way to bet directly on overseas companies — without fretting about currency risk.
What’s Hot: Nvidia Earnings, What’s Not: Investor Reactions
Nvidia’s strong earnings exceeded expectations, but the stock fell as investors recalibrated their expectations given its high valuation.
Index Investing as an Active Decision: Implications for Fixed Income Investors
Passive fixed income index investing has evolved significantly over the previous decade, offering investors the flexibility to align risk requirements and investment goals. Learn more from our experts.
Positioning Ahead of the Fed: ETFs for a Lower Rate Era
Recent Fed commentary and economic data have crystallized investor confidence in rate cuts coming in less than a week
Is the Labor Market Weak Enough to Warrant a 50 Basis Point Fed Cut?
Last week, the labor data showed a weakening labor market, but didn't give clear signals for the Fed to cut rates by 50 bp at the next FOMC.
Producer Price Index: Wholesale Inflation Increases in August
Wholesale inflation increased more than expected last month. The producer price index for final demand increased 0.2% month-over-month (s.a.). On an annual basis, headline PPI decelerated from 2.1% in July to 1.7% in August.
The Active International ETF Showing Continued Strength
With U.S. equities perhaps calling for diversification, an active international ETF like TOUS could play a helpful role.
Don't Let an Election Year Keep You From Munis
History typically shows that election years don't produce major volatility swings in the municipal bond market.
Multiple Jobholders Account for 5.1% of All Employed
Multiple jobholders account for 5.1% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
A Closer Look at Full-time and Part-time Employment
Let's take a close look at August's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.5% of total employed workers are full-time (35+ hours) and 17.5% of total employed workers are part-time (<35 hours).
Consumer Price Index: Inflation Cools to 2.5% in August
Inflation cooled for a fifth straight month in August, dropping to its lowest level since February 2021. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 2.5% year-over-year, right in line with economist expectations. Additionally, core CPI cooled to 3.2% as expected.
It's Increasingly Difficult to Defend Your Complex Portfolios
Here’s a quote attributed to P. J. O’Rourke, an American author, journalist and political satirist: “There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud.”
Small Changes Can Make Big Impacts in Enhancing Client Interactions
When you pay attention to details in the financial services industry, you elevate your firm’s standing and demonstrate to clients that their relationships are valued. Small, considerate gestures can transform clients’ perception of your service, often bridging the gap between a satisfactory experience and an exceptional one.
Strategies to Defuse Adversarial Interactions
Try to understand specifically where you are going off track. Many times these are behavioral disconnects. If you have a boss who is highly attuned to rules and quality and you are someone who doesn’t notice details as much, you might be failing in their eyes. First, start with seeking to understand.
Draghi’s Love Letter to Industrial Strategy Risks Heartbreak
Mario Draghi wants Europe to follow the United States and China down the road marked “industrial strategy.” As Europe’s most influential economist — a former head of the European Central Bank, prime minister of Italy and technocrat supreme — Draghi had enormous leeway in preparing his report on European competitiveness.
Wall Street’s Hottest Business Is About to Cool
Banks and shadow banks are meant to exist in separate worlds, but the financial links between them are increasingly seen as a source of potential instability. That’s a problem for banks because the business of forging those ties has lately been among the hottest activities on Wall Street.
Goldman’s Kostin Urges Putting Brake on Stock-Index Reshufflings
Goldman Sachs Group Inc. has a message for benchmark managers who are weighing big reshufflings of their indexes to account for a handful of stocks growing to interstellar size: slow down.
Look to This Outperforming SMID-Cap ETF as Rate Cuts Loom
Is now the time for a small-caps ETF? Rate cuts and other potentially positive indicators could position the space to benefit.
Technological Advances Make Things Better – Or Does It?
While technology is a powerful driver of economic growth, it also presents challenges that can negatively impact productivity, equality, mental health, and societal cohesion. Addressing these issues ensures that technological advancements promote sustainable and inclusive economic growth.
The New Emerging Markets
In emerging markets, technological advancements present a unique opportunity to empower underserved communities.
Why Should You Care When Stocks Plunge?
The safest way to ensure retirement security is to match, on a year-by-year basis, future spending needs with a reliable stream of inflation-adjusted income and maturing fixed-income assets. As we’ve already seen, a conventional stock/bond portfolio may not cut that mustard.
State Street, Galaxy Launch Crypto-Linked ETFs Even as Outflows Build
State Street Global Advisors and Galaxy Asset Management are launching a trio of cryptocurrency-focused exchange-traded funds even as investors pull back from spot Bitcoin funds.
Big Oil Faces a ‘Good Sweating.’ Some Aren’t Fit
When John D. Rockefeller wanted to punish a rival, he cut prices to force them to operate at a loss. The father of the modern oil industry had a name for it: a “good sweating.” A century later, OPEC+ is giving Big Oil the modern equivalent of Rockefeller’s time-tested tactics. Not everyone will be fit enough for it.
Emphasize Consistency to Navigate Volatility
An analysis of the leadership reversal and market sell-off observed in recent weeks and why an emphasis on equities with consistent fundamentals is justified.
AI Stocks Can Reward Again, But Investors Need to Look Long Term
Shares of Nvidia are down 17.22% for the week ending Sept. 4. The firm is widely viewed as one the equity proxies on the AI investment theme.
Why BlackRock Now Likes International Value
Last week, the BlackRock Target Allocation Team reduced their equity exposure and reduced some growth allocations in favor of value.
With 529 Plans in Demand, Try an ETF Strategy
To tackle the costs of higher education, many families use a 529 plan to bolster savings. An ETF strategy can bring long-term savings growth.
60 Million Baby Boomer Votes Sway the Presidential Election
78 million baby boomers are about one-third of the voter-eligible population and 77 percent of them vote, so there are 60 million baby boomer votes. That 60 million is 38 percent of the 158 million votes cast in the 2020 presidential election. The baby boomer voters’ bloc is a big deal.
Direct Indexed Tax Loss Harvesting: Are the Benefits Worth the Fees?
In this article, we’re going to throw some cold water on the DI love-fest by explaining why most tax-sensitive investors would be better off with a simpler approach to tax loss harvesting.
US Bitcoin ETFs Bleed $1.2 Billion in Longest Run of Net Outflows
US Bitcoin exchange-traded funds have posted their longest run of daily net outflows since listing at the start of the year, part of a wider retreat from riskier assets in a challenging period for global markets.
Oracle Cloud Growth Could Cement Wall Street’s Next AI Favorite
Cloud computing has been one of the first industries to get a demonstrable boost from artificial intelligence. Oracle Corp.’s quarterly results on Monday are likely to extend that trend.
With Rate Cuts Ahead, Stock Buybacks May Continue
Stock buybacks have boomed in recent years. With corporate cash flows remaining high and potential rate cuts from the Fed, the trend appears set to continue.
This Active ETF Is Beating SPY Over Multiple Time Frames
Shopping around for an active ETF? This strategy has outperformed SPY recently thanks to its ability to over- or underweight certain stocks.
Higher ETF Inflows Could Benefit Corporate Bond Funds
ETFs saw a record number of inflows in August, including bond-focused funds, which are offering opportunities in corporate debt.
The Yield Curve Inversion Just Ended, but Economic Risks Remain
The U.S. economy may be heading into choppy waters, and investors might be wise to buckle up.
Fed Rate Cuts Coming in September: What’s Next?
The main focus for investors should is no longer if the Fed will cut rates in 2024, but how much and how quickly the Fed will lower interest rates.
Back to School: Macro Cliff Notes and a Look Ahead
Recent growth data have been muddled and subject to conflicting interpretations. There have been mixed signals from leading indicators and hard data and divergent readings across major economies.
Amundi Tie-Up Offers US Private Credit to Wealthy Individuals
Amundi SA and First Eagle Investment Management are looking to raise as much as $5 billion for a new private credit strategy that will offer wealthy individuals in Europe, the Middle East and Asia access to private loans made to mid-size US companies.
Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm
Nvidia Corp. has wiped out more than $400 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.
August’s PMI Underscores Need for Active Management
As market sensitivity to economic data continues, investors would do well to consider active strategies amidst ongoing volatility.
Blue-Chip Company Debt Deluge Hits Record Two-Day Streak
After two days of record sales in the US blue-chip corporate debt market, another 11 companies are looking to sell bonds on Thursday, and demand for the securities is holding strong by key measures.
Portable Alpha: Divorcing and Remarrying Alpha and Beta
The concept of portable alpha is over 40 years old. And while it has evolved through various forms over that time, it continues to be a valuable portfolio tool for institutional investors. Arguably, the most popular iteration right now is adding alpha expected from hedge funds on top of synthetic beta exposure.
Why Now & How: 3 ETF Ways to Access Gold Ahead of Rate Move
Gold is typically an asset that doesn’t generate yield, but there are ETFs that deliver yield on a gold position through options.
Treasury Yields Snapshot: September 6, 2024
The yield on the 10-year note ended September 6, 2024 at 3.72%, the 2-year note ended at 3.66%, and the 30-year at 4.03%.
BlackRock Dials Back Risk Across $131 Billion Model Portfolios
The world’s biggest asset manager is taking some chips off the table as markets enter a “new phase” of turbulence ahead of a Federal Reserve interest rate cutting cycle and the US presidential election.
Japanese Style Policies And The Future Of America
In a recent discussion with Adam Taggart via Thoughtful Money, we quickly touched on the similarities between the U.S. and Japanese monetary policies around the 11-minute mark. However, that discussion warrants a deeper dive. As we will review, Japan has much to tell us about the future of the U.S. economically.
Two in the Bush: Still Time to Lock in Long-Term Rates
We often write about the opportunity for fixed income investors to lock in relatively attractive long-term rates. And we would argue that investment consultants and financial advisors have no more important charge than to convince their clients to take advantage of this while they still can.
Rate Cuts Could Stoke Dividend Stock Renaissance
High interest rates have had the predictable effect of restraining the performances of dividend stocks and related exchange traded funds.
Can ETFs Capture Private Equity Markets?
Private assets are the fastest-growing market in the financial world, but could be the most challenging field for ETF providers to penetrate.
ISM Services PMI Expanded for Second Straight Month in August
The Institute of Supply Management (ISM) has released its August services purchasing managers' index (PMI). The headline composite index is at 51.5, slightly better than the forecast. The latest reading moves the index back into expansion territory for 48th time in the past 50 months.
Volatility Cocktail
The Federal Reserve is creating the potential for extreme bouts of volatility surrounded economic data releases.
S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says
Tax policies touted in the US presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.
Wall Street’s Big Bet on Jumbo Fed Cuts Hangs on US Jobs Report
The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve will slash interest rates by a half-percentage-point this month faces its biggest test yet from Friday’s US jobs report.
American Drivers Signal a Top in Gasoline Demand
Labor Day weekend, marking the end of the US summer driving season, is typically the year’s last hurrah for gasoline producers. This year, the high-fives were reserved for drivers (and White House occupants): The average pre-long weekend pump price was down 13% from last year after gasoline refining margins collapsed in August. Pump prices have eased further this week.
Fed Rate Cuts Give Higher Probability of the Great Rotation Occurring
Despite pullbacks and elevated volatility in the earlier days of the month, major equity indices were up in August.
Jane Street and Citadel Won’t Devour All of Wall Street’s Revenue
Jane Street Group LLC and Citadel Securities are on a tear. First-half revenue at the two predominantly electronic market makers grew about 80% compared with the first six months of 2023, according to Bloomberg News. That’s enough to make traditional Wall Street executives green with envy — but these upstarts aren’t going to completely devour the old guards’ lunch.
It's Time … For a Fed Pivot
Investors should be careful what they wish for in hoping for an aggressive Fed rate cutting cycle, given stocks tend to do better when cuts are slow and steady.