Traders who jumped headfirst into the biggest cross-asset rally since April 2020 on Wednesday are being dealt a quick lesson in market-timing. A combined $6.7 billion flooded into the biggest exchange-traded funds tracking US stocks, investment-grade bonds and high-yield credit on Wednesday after the Bank of England’s intervention in bond markets stoked a fierce relief rally. The […]
Continue ReadingThe great tech selloff of 2022 is far from over as investors brace for earnings misses that may spur a more than 10% plunge in the Nasdaq 100. More than two-thirds of 914 respondents in the MLIV Pulse survey think profits of the technology companies will disappoint the market throughout 2022. Firms including Alphabet Inc.’s Google are at risk of advertisers cutting spending as the global economy struggles, […]
Continue ReadingCharles Schwab Corp.’s asset management arm is launching a new municipal-bond exchange-traded fund with an ultra-low fee that will compete with giants in the space. The new fund, the Schwab Municipal Bond ETF, will be the cheapest in the municipal-bond market with an expense ratio of just 0.03%, according to a statement by Schwab Asset Management on […]
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