Playing both sides is a dangerous game
Chinese leader Xi Jinping assured U.S. President Joe Biden on Friday that he didn’t want war in Ukraine, but that he doesn’t approve of sanctions, either. During the highly anticipated call, Biden warned Xi of “implications and consequences”, should China move to...
The end of easy investing
As the war rages on, Russia is at imminent risk of defaulting on its debts as western economic sanctions choke off its access to dollars and other global currencies to pay lenders, a move that would have devastating economic ripple effects. Inside Russia, a default...
Are the Fed and the White House on the same team or not?
In over three hours of testimony on Wednesday this week, Federal Reserve Chair Jerome Powell made the fight against inflation his top priority over the risks from Russia’s invasion of Ukraine, backing a quarter point interest rate rise later this month. He set the...
The good news and the real bad news
First, the good news - The stock market scored an amazing comeback this week, initially selling off on the deteriorating Russia-Ukraine situation, then rallying on optimism that the conflict could have only a minimal impact on the U.S. economy. While the impact of...
From the Palace to the Taxi Stand – Admitting investing mistakes is the hardest part
Cathie Wood’s flagship fund - ARK Innovation ETF, is down 30% year to date. When Wood was invited on CNBC earlier this week, she took it as an opportunity to defend the fund by saying some of her investments are onto innovations seen once in a century. Unfortunately...
Future Wealth LLC Introduces Options Trading
Future Wealth LLC, in association with our custodian TD Ameritrade/Schwab, introduces Options trading to clients in their portfolios. Options trading adds to the current suite of services offered by Future Wealth LLC which includes managing investments in Brokerage,...
How January 2022 put an end to the meme stock craziness
When the Reddit crowd invaded the stock market with insensible ideas last year, it began a cycle of craziness never seen before. Stocks bordering on bankruptcy or some already in bankruptcy became the favorite of retail investors who had little prior knowledge of...
The Fed waited and waited until…
Stocks ended on a high note Friday with a furious late rally to wrap up a roller-coaster week, as the swings indicate the challenge the market now faces, which is that financial conditions are going to be tightening, and Wall Street is ramping up expectations of how...
Market drop causes concern but should you react?
Stocks capped their worst week in nearly two years with another round of intense choppy trading. Both the S&P and Dow closed out their third straight week of losses, down 5.7% and 4.6% respectively, while the Nasdaq Composite plunged 7.6% for the week, its worst...