Markets wait on the Fed’s next move
Breakfast with Benjamin: Investors are waiting for Janet Yellen and the Fed to pull the trigger on rates. Plus: Buying Alibaba via ETFs; S&P and Nasdaq stocks start to separate; hedge funds ride the wave; and annuity product sales hitting double digits.
- The market waits for the Fed to pull the trigger on rates, which appears to be the only thing investors care about these days. Reading into the phrase ‘considerable time’
- Try the ETF route for a piece of the celebrated Alibaba IPO. Biggest public stock offering in history
- As the S&P 500 charges forward, the Nasdaq starts to crumble, showing trouble for equities. Almost half of Nasdaq stocks are in bear market territory
- Hedge funds are riding high on strong performance and big inflows in a sign that institutional investors are taking some risk off the table. Performance enhanced by hot stock markets
- The second quarter was huge for annuity sales, and the industry appears to have a lot of momentum on its side. Most products saw double-digit sales increases
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