Author: super@dmin
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Key Words: Time is right ‘for old-fashioned stock picking,’ says hedge-fund vet Jeff Vinik
After a decade or more of underperformance by active managers versus their passive peers, the market is offering “an incredible opportunity for old-fashioned stock picking,” says Jeff Vinik, who is jumping back into the hedge fund business.
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Many retail investors panicked and sold during last month’s market meltdown (again)
Yes, Main Street missed the latest rally, fund industry analyst says.
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Cryptos: Bitcoin tumbles 10% to hit lowest level in nearly 4 weeks
Cryptocurrency prices are trading sharply lower on Thursday, with some major coins recording double-digital losses.
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MacKenzie Bezos could be soon worth more than Oprah and the Queen of England
The future ex-wife of Jeff Bezos is set to become the richest woman in history, surpassing Walmart heiress Alice Walton.
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Market Extra: BOE’s Carney sees the U.S. dollar eventually losing its reserve-currency status
The U.S. dollar remains the world’s reserve currency—for now. However, a number of central banks lately are contemplating a world in which the almighty buck isn’t the pre-eminent global medium of exchange.
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Outside the Box: S&P 500 started 2019 with the same bullish signal as in 2009
It’s called breadth thrust, wherein more than 85% of NYSE-traded stocks advance within two weeks.
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Outside the Box: These 5 factors could stop the stock market’s rally cold
Watch the Federal Reserve and trade talks, of course, but also the junk-bond market.
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Economic Report: Mortgage rates hit a 9-month low as government shutdown is already biting the housing market
Rates for home loans are moving in home buyers’ favor but other conditions, including closed government agencies, are not.
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Currencies: Dollar inches up from 3-month low amid busy economic calendar
The U.S. dollar found some reprise on Thursday after dropping to a three-month low on the day prior as investors are focusing on an economic calendar filled to the brim with Federal Reserve speakers and data points.
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Bond Report: Treasury yields turn lower on China growth fears
Treasury yields were on the retreat Thursday amid resurfacing concerns that China’s economy was undergoing a stubborn slowdown even after measures to revive growth.