BRICS Expansion: A Geopolitical Play with Limited Investment Appeal, Say Wealth Advisors and RIAs
The proposed expansion of the BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, with the inclusion of Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, has failed to capture the attention of wealth advisors and RIAs. While this expansion increases the collective global GDP share of BRICS from 26% to around 29%, investment professionals perceive it more as a geopolitical maneuver than a promising investment opportunity.
Franklin Templeton Awaits Wider Junk Spreads as Defaults Rack Up
More junk-rated companies are likely to default on their debt as the US economy slows.
Paulson’s Ex-Business Partner Adds JPMorgan to Fraud Lawsuit
John Paulson’s former Puerto Rico business partner added a JPMorgan Chase & Co. unit as a co-defendant in a lawsuit he filed earlier this month.
Big Short’s Lippmann Is Building Portfolios Resilient to High Rates
Greg Lippmann, the trader who was immortalized in Michael Lewis’s book “The Big Short,” sees a soft landing.
Goldman’s Rubner Sees Deeper Stock Losses in a ‘No Rules Market’
The two-month selloff in US stocks threatens to intensify as options dealers on Wall Street and fast-money traders both turn against the market.