For taxpayers who are relying on their retirement plans on a month-to-month basis for living expenses, the expiration of the suspension won’t be an issue. For those who had extra cash on hand, however, it could provide something of a windfall this tax season.
A new study from Cerulli Associates and Invesco finds that North American institutional asset owners have nearly doubled their exchange-traded fund holdings over the past five years — a transformation that is no longer about experimentation and is increasingly about building the core of a portfolio.
What the market latched onto was the combination of margin expansion that defied expectations, a free cash flow figure that turned what analysts thought would be a deficit into a surplus, and a series of operational milestones like the robotaxi expansion that reinforced the narrative of a company executing on its autonomous and AI ambitions.