Assets in U.S. exchange-traded funds have climbed to a record, bouncing back from a sharp drop in the first half of the year as investors abandon mutual funds for securities they perceive as cheaper and easier to trade.
The soaring popularity of stock trading by the wider American public during the pandemic has actually been helpful for the functioning of the market more broadly, according to one veteran trader.
Going against the smart money flow has been a winning strategy for Robinhood traders, at least when it comes to big tech.
Federal Reserve Chair Jerome Powell warned the U.S. faced the most severe economic downturn “in our lifetime” as the central bank left interest rates near zero and vowed to use all its tools to support a recovery.
Spot gold topped $1,900 an ounce for the first time since 2011 and edged closer to an all-time high with flaring geopolitical tensions and concern over global growth driving demand for haven assets.
Investors may be too complacent about upcoming risks to markets over the next couple of months, according to strategists from Morgan Stanley, RBC Capital Markets and Societe Generale SA.
BlackRock Inc. Chief Executive Officer Larry Fink warned of an uneven recovery even as resurgent investor confidence buoyed second-quarter results.
The number of Americans filing for unemployment barely declined last week, signaling challenges to the economic recovery are multiplying.
Yet again, with reports on vaccine progress lifting beaten-down industries Wednesday, retail day traders holding firm to stocks that do best in an economic recovery are looking like the smart money.
The wave of cost-cutting that has been sweeping the more than $6 trillion global market for exchange-traded funds for the past two years may finally have reached its limit.