The global financial architecture is undergoing its most profound stress test since the 2008 financial crisis. The long-held correlations between asset classes—where stocks rise on growth, gold rises on fear, and digital currencies act as uncorrelated speculative vehicles—are breaking down. Today, a powerful convergence of three international drivers is creating a “New Trinitarian Risk” that […] Read more
Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market returns, according to a new survey. As a part of Quarterly Report, we polled more than 100 chief investor officers, portfolio managers and contributors who manage money about where they stood on the upcoming year for stocks under a new administration. The […] Read more
U.S. stock futures tumbled early Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average pointed to an opening drop of about 300 points. S&P 500 futures and Nasdaq 100 also traded in negative territory. Earlier in the session, Dow futures were down more […] Read more
