Hi, everyone. To start off the week we look at value investments and how they are the cheapest in 30 years. The fiduciary debate might shift to states. The financial system is showing a massive flood of cash going into the pockets of the most prepared Americans. Global stocks are surging after Trump cancels Mexico tariffs. And check out the 10 things people in finance should never say.
Value-oriented investments are at their cheapest levels in 30 years and trading at their biggest discount ever, according to a recent note by J.P. Morgan analysts.
The approval by the SEC of its long-awaited Regulation Best Interest on Wednesday may have put to rest some of the regulatory uncertainty, but officials at TD Ameritrade are still watching state efforts to impose higher standards for advisors.
Something strange is going on in the financial system. And according to The Financial Times, it’s about to send a massive flood of cash into the pockets of the most prepared Americans.
President Trump’s cancellation of planned tariffs on Mexican imports tempered fears of another trade war, sparking a relief rally in Asian and European stocks and US futures on Monday, positioning Wall Street to build on its best week of the year to date.
At a recent event in New York City, I chatted with a money manager whose presentation had impressed me. At least, I was impressed until he uttered one of those hackneyed phrases that just make me flinch.