U.S. stocks have hit 13 records this year and generated $5 trillion of wealth. They’ve stood up to sagging earnings, slowing growth and a surging dollar. The S&P 500 is headed for what could still easily be its best year in six. And yet, sit down with traders and fund managers, and what invariably comes pouring out is frustration.
The Fed chair calls the policy unprecedented, and the president wastes no time in proving him right.
Uninvestable. A lose-lose proposition. Avoid for now.
The Cboe Volatility Index, or VIX, has fallen back quickly after spiking earlier this month -- a little too quickly, according to some. And that may spell opportunity.
Managers overseeing trillions in exchange-traded funds have been quietly meeting around Wall Street this week to check the quality controls on their funds, rattled after Vanguard Group Inc. mistakenly added shares of 11 companies, including a gun manufacturer and a private prison operator, to its $578 million socially responsible ETF.
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