Ugh. Bank of America's hedge fund clients selling equities at the strongest pace since at least 2008, while retail investors have been net buyers for the past 10 weeks straight.
The investment bank told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct
via Bloomberg: U.S. investment-grade credit spreads are at the highest level in more than two years as the market nears the end of 2018 with the worst returns in a
via slopeofhope: This is a cautionary tale. A tale of a fund of nearly 300 clients and nearly $80 million which blew up in the span of hours from a market
Apparently if you’re part of his investment “family,” not only is your account zero, you now owe money. This boy lost a lot of money. James Cordier of Optionsellers.com humbled
via @spriha Hamers added that some customers have indicated their sales will go down, their costs will increase and therefore their products may not be as competitive. Market watchers are now
via bi Morgan Stanley Wealth Management has told its clients to “consider taking profits” in the consumer-discretionary sector and has offered three alternatives. Consumer spending contributes to more than two-thirds
by dying_to_be_vain As the Reuters’ headline says, Omnicom’s organic growth misses estimates as U.S. clients curb spending. Omnicom reported a 2 percent rise in organic revenue – a closely watched measure
Merrill Lynch’s private clients still hold extremely low levels of cash and … … run high-beta portfolios. Buybacks Amazon, Netflix and Microsoft together this year are responsible for 71% of
by stockboardasset During periods of market uncertainty, Morgan Stanley will deploy a vast army of artificial intelligence (AI) robots to tell its wealthy clients to remain calm and Hold On for Dear Life