• 'A massive system-wide problem, not just for those in finance, but more importantly for society at large'

    'A massive system-wide problem, not just for those in finance, but more importantly for society at large'
    Investors have been having a great time of it the last 30 years, benefiting from higher than average returns and lower than average volatility in the equity and bond markets. 
    But these positive conditions aren't necessarily going to last, and investors should be prepared to rethink their strategies, according to a research note released by the Global Quantitative Strategy Team at AllianceBernstein on Tuesday, January 10.
    "We are not bearish, but we suggest that the scale of the proble
  • Wall Street's smart money is dumping the biggest trade in stocks since Trump's election

    Wall Street's smart money is dumping the biggest trade in stocks since Trump's election
    The financials sector led the stock market to new highs after President-elect Donald Trump won the election, on optimism that fewer regulations and higher interest rates would benefit banks. Join the conversation about this story »NOW WATCH: How much money you need to save each day to become a millionaire by age 65
  • Bets that Fitbit is in trouble are piling up (FIT)

    Fitbit has had a rough go of things over the past year. The stock tumbled by 75% in 2016 amid an increasingly competitive market for wearable devices.
    In November the company slashed its earnings-per-share guidance for the crucial holiday quarter to just a quarter of what analysts had been expecting.
    More recently, Bloomberg News on Wednesday reported that inventories may be piling up, citing an analyst at Cleveland Research. The analyst also reportedly said the company's suppliers had halted pr
  • 'Hidden Figures' wins a dismal MLK weekend at the box office

    Oscar contender "Hidden Figures" won the weekend box office for a second straight week taking in an estimated $20.45 million ($25.3 million by Monday), according to boxofficepro.com, but the real story over this Martin Luther King Jr. holiday weekend is how poorly the new releases did. And we mean historically awful.
    MLK weekend has never been a big one for the movie business but this year is filled with bombs. Paramount's kids action movie "Monster Trucks," Ben Affleck's "Live By Night," Mark W
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  • BILL GROSS: I'm watching this level more closely than Dow 20,000 (TLT, TBT)

    The Dow Jones industrial average has flirted with 20,000 for much of the past month.
    It got within four-tenths of a point on January 6 but was unable to get to the level.
    And while nearly everyone on Wall Street is on the lookout for the first Dow 20,000 print, Bill Gross says there's a much more important level to worry about.
    Gross, who was once referred to as the "Bond King," says the 2.60% level on the 10-year Treasury yield is what everyone should be watching, as a breakout above that level
  • An $11.4 billion fund manager talks Trump, Russia, and China

    An $11.4 billion fund manager talks Trump, Russia, and China
    Business Insider recently caught up with James Donald, the head of emerging markets at Lazard Asset Management, to hear about his predictions for the emerging markets in the year ahead.
    Donald is also portfolio manager of the Lazard Emerging Markets Equity Portfolio, which has assets totaling $11.4 billion invested across 76 holdings. 
    In the interview, Donald discusses Russia, China, energy, and the challenges facing emerging market countries in 2017.
    Thi
  • This is what could happen if Obamacare is repealed

    This is what could happen if Obamacare is repealed
    What's happening now
    Friday 5 p.m.: Congress has taken the first steps toward partial repeal of the Affordable Care Act (ACA), better known as Obamacare.
    Republicans in both the House of Representatives and the Senate passed a resolution that begins the process of repealing President Obama's signature healthcare law.
    The resolution directs members of relevant committees to draft a repeal bill through the budget-reconciliation process.
    With dissent among Republicans over whether or not to comple
  • Everyone is asking the wrong question about Europe

    Everyone is asking the wrong question about Europe
    As Europe heads into a saturated election year, markets are trying to identify the "next Brexit" or the "next Donald Trump."
    Analysts have zeroed in on the French election in particular, drawing on the similarities between the populist movement in France and those of the UK and the US.
    However, a team at Barclays recently argued in a note to clients that markets could be overestimating the risks associated with the French elections as they might be taking "the wrong les
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  • 'The weak players are leaving the poker table,’ and it’s killing mutual funds

    'The weak players are leaving the poker table,’ and it’s killing mutual funds
    Warren Buffett famously said that if you’ve been in a poker game for half an hour and "you don’t know who the patsy is, you’re the patsy.’”
    When it comes to the stock market, the patsy is leaving the table. That's according to a big note from Credit Suisse strategists led by Michael J. Mauboussin.
    The investment world has seen an accelerating shift from active fund managers to passive management, and this trend is shaping the way the industry operates. 
    "The in

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