Featured Topics
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Financials
Americans most optimistic since 2007 as stocks surge
Americans’ confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.
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ETFs
Gold ETF outflows drag on metal as holdings drop to 4-year low
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
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Forex
S&P 500 marches higher in face of “Fedspeak”
Overall, the bull market frenzy is picking up and we still believe the E-mini S&P 500 will finish this year at 1690 or higher.
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Regulations
SEC charges Chicago father, son in cherry-picking scheme
The regulator says Charles J. Dushek and Charles S. Dushek mixed funds with clients and allocated winning trades to personal accounts.
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