Markets News Stocks 

Stock pickers are banking on 25% returns in a market strategy that Wall Street experts call ‘highly unrealistic’

“One reason behind the exodus of active managers from public equity markets is the stock market getting smaller” writes Trista Kelley for businessinsider.com. “The shrinkage in the stock market has merely been disguised by prices going up.”. The stock market is shrinking. Here’s a chart showing just how much smaller the US stock market has gotten (note that in emerging markets, there’s ample supply of equities:. The allocation to alternatives has surged in the past 12 years, while the trend for the “passivisation” of investment in public stock markets and…

Read More
News Stocks 

Bed Bath & Beyond downgraded to sell from hold by Loop Capital on ‘unrealistic’ guidance

“Bed Bath & Beyond Inc. stock BBBY, -0.19% was downgraded to sell from hold by Loop Capital on Monday with analysts saying its recent rise is unwarranted as guidance provided for fiscal 2019 is “unrealistic”” writes Ciara Linnane for marketwatch.com. Bed Bath & Beyond stock has gained 26% since the guidance was first offered, far outpacing the broader market indices.The stock was flat Monday, but has gained 36% in the last 12 months, while the S&P 500 SPX, +0.10% has gained 3.5%.Analyst Anthony Chukumba said management’s poor record of meeting…

Read More
Crypto News 

Bitcoin’s Descent Causes Wall Street to Hold Off on Crypto

“At press time, bitcoin is still over $4,000, though it appears Wall Street has lost all hope in the crypto asset” writes Nick Marinoff for livebitcoinnews.com. Goldman Sachs, for instance, released plans early this year to construct a bitcoin trading desk from the ground up.Some analysts say that this was an unrealistic goal, and that Goldman Sachs merely got lost in the crypto craze.At first glance, the ecosystem appears negative, though some analysts claim institutional players are waiting for the right moment(s) to jump back in.An anonymous source allegedly familiar…

Read More
Crypto News Platforms Regulators 

New Zealand: Financial Authority Blacklists Another Three Crypto Platforms Marked as ‘Suspected Scams’

“Another crypto company, Bitcoin Revolution Limited, was suspected of being involved in a scam as well” writes Ana Berman for cointelegraph.com. New Zealand’s authorities are already closely following other crypto scams.New Zealand’s Financial Markets Authority (FMA) has added three more crypto platforms to its blacklist that warns about scams, a release by the FMA reveals Wednesday, Dec. 12.In September, the country’s police warned citizens about online scams in general as an investor lost $320,000 NZD ($213,000 USD) to crypto fraudsters. Source: cointelegraph.com

Read More
News 

The head of tech at one of the world’s largest consulting firms says the way businesses are piling into AI is different than anything they’ve ever seen

“Accenture has never seen interest among its clients or business grow this quickly with any other technology trend, he said” writes Troy Wolverton for businessinsider.com. He continued: “It’s the fastest growing technology trend we’ve ever seen.”. “We call it the alpha trend,” Daugherty told Business Insider in an interview this week.Princess Cruise Lines AI is remarkable for lots of reasons, but among them is how it’s being adopted and by whom, Daugherty said. Source: businessinsider.com

Read More
Markets News 

Italian bonds come under pressure as budget worries resurface

“With markets focused on the US jobs report to come, there isn’t a hint of a risk off tone in currencies thus far but Italy’s woes continue to weigh on the euro as the single currency sits among the biggest losers so far today” reports forexlive.com. Italy’s deputy prime minister Salvini came out earlier to criticise European Commissioner president Juncker and with unrealistic budget projections it sure looks like things will still get worse before they get better for Italy and the euro this month. Source: forexlive.com

Read More
News Oil 

‘Notion of zero imports of Iranian oil to India is economically and politically unrealistic’

“She believes the notion of zero imports of Iranian oil to India seems is both economically and politically unrealistic” reports tehrantimes.com. The notion of zero imports of Iranian oil to India seems then to be both economically and politically unrealistic, even if perhaps possible in practical terms.Of course, the question of Iranian oil imports is about much more than just the oil.Don’t you think Trump’s target of zero imports of Iranian oil is plainly unrealistic?. Halting or markedly decreasing Iranian oil imports will be seen by some as yielding to…

Read More
News 

Young people want to retire by age 60—but experts warn the ‘new retirement age’ is 70

“Carrie Schwab-Pomerantz, a financial adviser, board chair and president of the Charles Schwab Foundation, thinks that their optimism is “perhaps unrealistic,” she tells CNBC Make It” writes unknown author for cnbc.com. And they expect to retire, on average, at age 60.According to new research from Charles Schwab, which surveyed 2,000 young Americans aged 16 to 25, a resounding 76 percent think they’ll have a better financial future than their parents. Source: cnbc.com

Read More