An ETF shop known for shorting Jim Cramer’s and Cathie Wood’s stock picks is preparing to bet against a different category: ESG. On Tuesday, Tuttle Capital filed with the Securities and Exchange Commission to launch two products: the Inverse Socially Conscious and Self Defense Index ETFs. The former would seek...
Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. “First, real disposable income looks set to reaccelerate in 2024...
A record sell-off in Chinese stocks by global funds has pushed their positioning to the lowest since October, with money managers unswayed by the stimulus measures that have been coming through over the past few weeks. The average underweight position by global long-only managers is back to where it was...
US equity investors are in for disappointment as economic growth is set to be weaker than expected this year, according to Morgan Stanley’s staunch bear, Michael Wilson. The strategist’s warning contrasts with the rally on Wall Street, driven by expectations the economy can withstand the Federal Reserve’s hiking campaign, which...
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout. The price crash led to bankruptcies like that of the FTX exchange, leaving a mountain of coins stranded...
Trade groups for the world’s biggest hedge funds and private equity firms are taking the Securities and Exchange to court over new restrictions it placed on the industry last month. The American Investment Council and the Managed Funds Association are among the groups alleging the SEC went too...
Is the U.S. economy destined for continued growth or heading into recession? It’s a question pondered daily by investors and analysts around the world, but what do business leaders think? Just 16% of executives responding to the third-quarter AICPA & CIMA Economic Outlook Survey said they expect a recession by...
The Federal Reserve may very well be done hiking rates for now, but US stocks still face a pullback from the risk of a hard economic landing, according to Bank of America Corp. strategists. Signs of softening in the labor market are a “strong tell” that the Fed would pause...
Fresh off a pivotal win in court this week, Grayscale Investments may soon find itself in another fight: the $7.5 trillion U.S. exchange-traded industry’s never-ending contest over fees. A ruling Tuesday overturned the Securities and Exchange Commission’s decision to block Grayscale’s bid to convert its $17 billion bitcoin trust into a physically...
Looking at some recent headlines about the drops in BlackRock’s and Vanguard’s support for shareholder resolutions, it would seem as if ESG is all but dead — with politicians winning the odd battle they’re waging on the asset managers. After all, BlackRock supported just 7% of environmentally and socially themed...