Morgan Stanley’s Wilson Says Yen Carry Risk Lingers For Stocks
US equities are at risk from a further unwinding of yen-funded carry trades if the Federal Reserve delivers a jumbo interest-rate cut this month.
Robinhood Crypto Agreed to Pay $3.9M to Settle Crypto Allegations
Robinhood Crypto agreed to pay $3.9M to settle allegations from California authorities that it misled investors and restricted access to their assets.
Why 401 (k) Investors Ignore 'Keep Cool' Advice When Markets Tank
Retirement savers flee stocks when markets dive, index data reveals. You would think people have learned to stay the course.
Fed Must Decide If Quarter-Point Cut Will Be Enough for Workers
The Fed is set to begin unwinding its tightening campaign this month as inflation cools and the labor market slows.
Smartleaf Asset Management: Yes, Direct Indexes Make Sense for Investors Worth Less Than $1M and Over $5M
(Gerard Michael, SAM) Brent Sullivan, author of the excellent The Tax Alpha Insider recently posted a summary of what he’s hearing from advisors about direct indexes. What emerges is that many advisors believe that $1mm - $5m is the “sweet spot” for direct indexing, that below $1m “the juice isn’t worth the squeeze” and that above $5m “Direct indexing is a gimmick”. (Brent isn’t necessarily endorsing these positions – he’s just reporting)