Stocks Won't Go Much Higher Next Year, Wall Street Bear Predicts
Morgan Stanley's Mike Wilson sees stocks nearly flat in 2024. Wilson projects earnings growth in the S&P 500 (^GSPC) to $229 per share.
Fidelity Rolls Out Suite of New ETFs, Slashes Fees
Fidelity launched group of 6 new ETFs and announced sharp reductions on management fees on nearly a third of its total ETF lineup.
Fake Filing for BlackRock XRP Trust Caused Brief Price Spike
A fake filing that was designed to look like BlackRock was setting the stage for an XRP ETF caused a temporary pump in the price of XRP.
SMArtX Advisory Solutions Adds 26 Strategies to Its Manager Marketplace
SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology, announced it has added 26 strategies offered by six leading asset management firms to its platform. Trillium Asset Management and New Capital by EFG Asset Management are now offering strategies across ESG core equity and US Small Cap Growth, respectively. The platform currently features 1303 strategies from over 300 asset management firms.
Flexible Plan: The 400-Pound Gorilla
(Flexible Plan) I used to refer to “the elephant in the room” when discussing a significant issue that most investors seemed to overlook. However, my phrasing changed around 2000 when an enlightening study, building on previous research by Ulric Neisser and Robert Becklen from 1975, was completed at Harvard. This research has since been called the “Invisible Gorilla” study.