What awaits us in 2020?

2019 was a strong year for U.S. equity markets, and that strength is compelling investors to wonder whether this powerful ascent will translate into a down market in 2020. However, if statistics over the past 70 years hold true, this year is likely to produce healthy,...

An unfortunate new twist to the ETF industry

ETFs have taken over the investment world and are quickly putting mutual funds out of business. Their low fees and active trading during market hours characteristics make them more attractive than mutual funds. But, by far, their most important attribute is their...

Macro hedge funds join other hedge funds in the dog house

Last week, Louis Bacon, an investor who made a 30 year career of making over 20% gains annually based on “macro” investing by placing big wagers on variety of global indicators, called it a day and is closing down his funds at Moore Capital Management. The reason...

Sneaker lunacy takes over China

Forget stocks, real estate, even cryptocurrencies — China’s hottest investment nowadays is Nike, Adidas, and Puma basketball shoes. Imitating a trend that harkens back to the Tulip mania in Europe in the 1600s, trading volumes on online “sneaker...

A fool and his money are soon…

Softbank, made famous by its huge $100 billion Vision fund and larger than life CEO – Masayoshi Son, is now beginning to look like any other VC with a rookie at the helm. Last week, Softbank, which made a wild bet on WeWork, a company that is burning thorough $2...
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