Smart Money Loses to Retail Crowd That Bet on Stock Rebound

President Donald Trump’s tariffs announcement on April 2 devastated financial assets, wiping out some $6 trillion in market value from US stocks in just two trading days. Wall Street’s “smart money” — hedge funds and other professional investors — dumped equities, and...

China’s Investors Signal Trade Truce Is No Panacea for Markets

The trade truce is not enough to ignite a rush into Chinese financial assets amid expectations of reduced policy stimulus and lingering uncertainty on a final deal. While Chinese stocks have rallied following the agreement, recouping their losses since the April 2...

Trump’s Vow to Cut US Drug Prices Drags Pharma Stocks Lower

President Donald Trump said he plans to order a cut in US prescription drug costs to bring them in line with other countries, spurring a drop in pharmaceutical shares worldwide. Trump said drug prices will be cut by “59%, PLUS!” in a social media post on Monday. Over...

For Exhausted Stock Market Pros the Choice Is Buy or Stay Home

The stock market’s stunning rebound over the last month has largely been driven by Main Street investors buying the dip in everything in sight while professional money managers ditched US stocks, spooked by mounting fears of slowing economic growth and trade war...