Biotech stocks are tracking for their worst month of the year, and one trader is betting on more misery. The iShares Nasdaq Biotech ETF, IBB, fell more than 3 percent in the past week, and if history is any indication, it could get a lot worse. Over the past 10 years, August has been the […]
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Investors this week got their first taste of market pandemonium in a long while. If they want a place to shelter from the storm, these securities have a track record of rising during times of market tumult: The Dow Jones industrial average dropped more than 200 points, and the CBOE volatility index, or VIX, jumped […]
Read moreGoldman Sachs plans to begin using a personality test as part of its hiring process in several divisions like banking, trading and finance, and some see this as one of the ultimate ways to figure out what makes prospective candidates in the industry tick. “I kind of view it as the holy grail. Can we […]
Read moreOptions experts are saying Thursday’s record volume in volatility derivatives bets may signal a dangerous problem with the size of volatility-linked trading products. The focus is on the CBOE volatility index, a key measure of market expectations for near-term volatility as conveyed by the price of S&P 500 index options. The CBOE announced VIX options […]
Read morePacific Investment Management, which oversees more than $1.6 trillion of assets, has built up an above-average cash position firm-wide and has held S&P put options as geopolitical and military risks mount, Dan Ivascyn, group chief investment officer at Pimco, said on Friday. President Donald Trump issued a new threat to North Korea on Friday, saying […]
Read moreConcern over North Korea may be weighing on the stock market, but expert David Katz said it shouldn’t have a long-lasting effect. That’s because he believes that ultimately the situation will settle down, he said. “The last few days is just a reminder that stocks can have volatility, not an indication of a change in […]
Read moreWith analysts and strategists concerned that the stock market is overvalued as the Dow plunged 200 points on Thursday, Jim Cramer had to step in and add his voice to the largely bearish mix. “Every few weeks some old-timer or hot hand comes on air and yells ‘fire’ in the theater,” the “Mad Money” host […]
Read moreIf Thursday’s 200-point drop in the Dow Jones industrial average wasn’t a sign, a 44 percent spike in the widely watched volatility index is a harbinger of more to come, according to Marko Kolanovic, JPMorgan’s high profile quant strategist. Last month, Kolanovic’s warning to clients to hedge against a stock market drop sent ripples through […]
Read moreBridgewater Associates founder Ray Dalio said Thursday he is concerned about the financials markets given increasing political risks in Asia and domestically. “Prospective risks are now rising and do not appear appropriately priced in,” Dalio wrote in a LinkedIn blog post. “The emerging risks appear more political than economic, which makes them especially challenging to […]
Read moreDid you know? Remarkably, nearly two-thirds of the way into 2017, Thursday is just the sixth time all year that the S&P 500 has fallen at least 1 percent on an intraday basis. Thursday’s low is down 1.18 percent. If the S&P 500 closes down more than 1 percent, it would be just the third […]
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