Hedge Funds Selling Industrials at a Record Pace, Goldman Says

Jul 29, 2024 | Markets

Concerns on US trade tariffs lead to wariness on the sector Selling points to ‘capitulatory behavior’ in sector: Goldman Hedge funds are rapidly unwinding their bets in industrials stocks, and rotating into the corners of the market exposed to commodities, such as...

China Investors Pile Into Saudi ETFs as Two Nations Grow Closer

Jul 28, 2024 | Markets

Both ETFs trade at sizable premiums to their net asset values Saudi ETFs have competitive advantage in yields: Guotai Junan Chinese investors are pouring money into two new exchange-traded funds tracking Saudi Arabian shares as the dismal performance of local equities...

How a Year of the Fed’s High Rates Has Affected the US Economy

Jul 27, 2024 | Markets

The central bank has kept borrowing costs at a more than two-decade high for a full year. The results have been somewhat surprising. In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking...

Earnings Derail Stock Rally Over Doubts on AI, Consumer Strength

Jul 27, 2024 | Markets

Concerns about AI rally, consumer health weigh on sentiment ‘The bar is as high as it’s ever been’: Templeton’s Gokhman The latest earnings reports are fanning two worries that were already gnawing away at the US stock market: That the euphoria about artificial...