Tech and GameStop losses have traders wondering if retail investors are losing interest in market
For weeks, stocks have been held hostage to Treasury yields, particularly the 10-year. As yields moved up, stocks, particularly high-multiple megacap stocks, moved down. If yields dropped, tech rallied. Wood's ARK Innovation Fund (ARKK), a bellwether for the big-growth tech crowd, was down 5% and is now 28% off the 52-week high it hit on February 16, which is just when interest rates starting moving up. Ark Innovation Fund on Wednesday(largest holdings)Crispr down 9%Baidu down 9%Zoom down 7%Roku down 7%Teladoc down 6%.
cnbc.comPolitical chaos won't make a dent in the market. Here's why
But according to CNBC contributor and CEO of Ritholtz Wealth Management Josh Brown, the market usually ignores political events, "The market looked at the action ... While political pundits pontificated how this dark day may impact the future of democracy, the markets kept chugging along, hitting new highs baffling some investors. However, when President Theodore Roosevelt began his antitrust crusade against Standard Oil in the early 1900s, the markets took notice. For long-term investors, Catherwood says making market moves based on even the gravest politicals events can be a hasty course of action. SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.
cnbc.com6-win Giants outlast Cowboys, stay in running for NFC East
Washington would claim the NFC East with a win or tie. “I won’t be caught dead in an Eagles hat," said receiver Sterling Shepard, the only player left from New York's last playoff appearance in 2016. Limited to 26 points over its previous three games, the Giants' 31st-ranked offense busted out with 239 yards and 20 points in the first half. Giants: Williams had seven tackles, three sacks and hit the quarterback five times. Giants: LB Blake Martinez left the game briefly after appearing to injure his left ankle or foot in the third quarter.
You don't have to own houses to profit from real estate. Here's how wealth advisor Josh Brown invests in different properties
But you shouldn't value your house like a traditional investment, according to CNBC commentator and co-editor of the new book, "How I Invest My Money." You own the home as opposed to paying rent for a home that you don't own, but you have to live somewhere," Brown said. That doesn't mean that real estate can't be a part of your portfolio. To capitalize on property ownership, Brown invests in Real Estate Investment Trusts or REITs. Check out this video to learn more about the REITs that Josh Brown invests in and to hear more about the wealth advisor's philosophy on real estate.
cnbc.comJosh Brown on the biggest lessons from his new investment book
Josh Brown's latest book on investment strategy is due out later this month, featuring 25 different financial experts who share their approach to markets. While the investors featured in the book own different assets, Brown said Monday on CNBC that there is a unifying thread connecting them. The book — "How I Invest My Money: Finance experts reveal how they save, spend, and invest" — is available for preorder now. Brown, CEO of Ritholtz Wealth Management, served as the co-editor along with Brian Portnoy, founder of financial wellness platform Shaping Wealth. and you force people to really think about it, that's really where all the interesting stuff happens."
cnbc.comHere's how wealth advisor Josh Brown invests his money
Josh Brown has spent his career advising people on how to invest their money. The CNBC commentator and co-editor of the new book, "How I Invest My Money," puts a good portion of his money into traditional equity and fixed-income investments using the same allocations he recommends to his clients at Ritholtz Wealth Management. The same funds, and the same proportions," Brown said. "I will make investments based on relationships that I have in my personal life," Brown said. Check out this video to learn more about Josh Brown's investments and to hear the most important question every investor needs to answer.
cnbc.comThe app getting Wall Street’s attention that makes earnings calls ‘as easy as listening to podcasts’
Last week, Earnings Calls scored a resounding endorsement from money manager Josh Brown , a contributor to CNBC's "Halftime Report," who writes The Reformed Broker blog. So Yousef created the aptly named app Earnings Calls, which compiles audio recordings of quarterly earnings calls for more than 2,100 publicly traded companies. The increasing attention for Earnings Calls comes after a wave of young investors began looking to buy stocks during the Covid-19 pandemic. Earnings Calls has gone through about 10 iterations to get where it is today, Yousef said. "In a sense, solving the issue of making it easy to listen to earnings calls has now opened up additional challenges that we can solve for," he said.
cnbc.comJosh Brown calls Fed's rate cut 'ill thought out' and done just 'to make people feel better'
The market's disregard for the Federal Reserve's emergency interest rate cut doesn't surprise Josh Brown, who called the decision "ill thought out." The Fed announced a surprise rate cut Tuesday morning, lowering its benchmark funds rate to a range between 1% and 1.25%, in response to the growing economic threat from the coronavirus. The Dow Jones Industrial Average dropped nearly 800 points, and the S&P 500 and Nasdaq fell more than 2.5% each. The 10-year Treasury yield fell below 1% for the first time ever, dropping to a record low 0.997% on Tuesday. So you already have a rate cut in place, it already exists because of market conditions," said Brown, who though market's were actually in good shape coming into the day.
cnbc.comJosh Brown says rushing into the market is like eating junk food
But Josh Brown, CEO of Ritholtz Wealth Management, says new investors need to focus on understanding how money works, and why they want to invest, before they even can begin to think about picking stocks. That is understanding money, understanding why you need to put it to work." Knowing how the market works will help you set realistic goals for your money. And according to Brown, setting specific goals is the most important step for new investors. Check out this video to learn Brown's other tips and what he says every investor needs to know before getting involved in the stock market.
cnbc.comJosh Brown says these are the two biggest mistakes the average investor makes
Yet Josh Brown, CEO of Ritholtz Wealth Management, says he won't talk about returns with potential investors until they can tell him specifically why they want to invest. "Once you start defining your goals, an interesting thing happens, you realize that you don't need to take the maximum amount of risks to hit them," Brown said. Then, once you have a specific goal in mind, you can work your way backward and come up with a plan to get there. Brown says the goal can be as specific as someone wanting to be able to afford a house in the mountains in 10 years. Check out this video to learn the other mistake Brown said investors make and what he says you should do instead.
cnbc.comTrump environmental policies, Nike's Kaepernick campaign among catalysts driving millions into ESG funds
Funds based on ESG -- or environmental, social and governance factors -- had record inflows in 2019 , with new launches like the iShares ESG MSCI USA Leaders ETF (SUSL) drawing hundreds of millions in assets in their debuts. "A lot of this started as a counterreaction to Trump's environmental policies," Brown said Tuesday on CNBC's "ETF Edge." The Trump administration has targeted over 80 environmental rules as part of an unprecedented regulatory rollback. "I always say there's a lot of mind share in ESG, not a lot of market share," Bartolini said. We continue to have more reporting standards by boards to report out, whether it's gender diversity across their leadership [or] their practices within environmental, social and governance issues."
cnbc.comMarkets slide as coronavirus outbreak worsens here's what to watch
The S&P 500 has turned negative for the year as the coronavirus outbreak worsens. Lindsey Bell, chief investment strategist at Ally Invest, said the coronavirus effect on global growth is still unclear. "The move that we've seen in the market, it's been pretty indecisive about what coronavirus actually means to global growth. Wes Edens, co-founder of Fortress Investment, said dislocation ultimately leads to good opportunities for investment. "I think it's a good investment environment.
cnbc.comJosh Brown exits Twitter for first time since IPO, blasts 'half CEO' Dorsey and political ad ban
Money manager and blogger Josh Brown said Tuesday he has sold all of his stock in Twitter, expressing a lack of confidence in CEO Jack Dorsey and the company's decision to ban political ads. "I have been very wrong on Twitter," said Brown, who said he had planned to gradually sell out of Twitter in 2020. Brown called Dorsey, who also is CEO of Square, a "half CEO," and said "I really don't understand what's going on with the governance of this company." In a year when the S&P 500 was up 30% and rival Facebook was up 56%, Twitter shares were just 11.7% higher in 2019. It is worth noting that Snap shares were up nearly 200% in 2019 from those very low levels.
cnbc.comChirping the Cats podcast: Episode 8 - Dec. 22, 2019
SUNRISE, Fla. – With 2019 about to come to a close, Episode 8 of Chirping the Cats features host David Dwork and his guest, Local 10′s Ian Margol, as they go up and down the Florida Panthers roster and assess each player’s season, to this point. SUBSCRIBE TO THE CTC PODCAST - iOS | Android2:20 – Josh Brown5:25 – Keith Yandle9:10 – Aaron Ekblad16:50 – Anton Stralman20:55 – Colton Sceviour22:50 – Jayce Hawryluk25:15 – Brian Boyle30:30 – Brett Connolly34:30 – Jonathan Huberdeau39:55 – Mark Pysyk43:10 – Dominic Toninato45:50 – Aleksander Barkov49:15 – Mike Matheson
Dadonov scores 2 as Panthers beat Rangers 4-3
Josh Brown #2 of the New York Rangers pursues Brendan Lemieux #48 of the Florida Panthers. (Photo by Joel Auerbach/Getty Images)Evgenii Dadonov scored twice to lead the Florida Panthers to a 4-3 win over the New York Rangers on Saturday night. Mike Hoffman and Brett Connolly also scored, and Jonathan Huberdeau and Keith Yandle each had three assists for the Panthers. Hoffman and Dadonov scored power-play goals at 2:05 and 6:50, respectively, giving the Panthers scores on the man advantage in nine straight games. However, the Rangers tied it both times, first with Strome's sixth goal at 2:39 and Panarin's ninth at 8:47.
Stock market at record finds a new foe: 'Elizabeth Warren is the new Wall of Worry'
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. "With the trade war cooling down, the impeachment looking like a sitcom and recession fears subsiding, Elizabeth Warren is the new Wall of Worry," Josh Brown, CEO of Ritholtz Wealth Management, said in a tweet Thursday. "You'll be hearing about her night and day on Wall Street. Traders believe the market always needs a fear, or a host of negative factors, to climb a so-called wall of worry higher and keep ascending. Wall Street brokerages and market research firms have been loud and clear about the damage a Warren win would do to stocks.
cnbc.comJosh Brown: in the time of China and Trump, Apple may be better off with a Tim Cook as CEO than a Steve Jobs
Amid the U.S. trade war with China, Apple may be better off with a CEO like Tim Cook than one like the late Steve Jobs, money manager and popular blogger Josh Brown told CNBC on Monday. Jobs "would have been a horrible CEO in this moment," the CEO of Ritholtz Wealth Management said during an appearance on "Fast Money Halftime Report." He continued: "Could you picture, in a million years, Steve Jobs threading the needle in the way Time Cook has?" Brown described Jobs as a "beacon of innovation" in his time as CEO. Could you imagine Steve Jobs pulling that off?
cnbc.comThe father of the yield curve indicator says now is the time to prepare for a recession
Getty ImagesInvestors, business owners and consumers should be heeding the message that the inverted yield curve is sending, according to the researcher who pioneered the economic forecasting model. In the most recent cycle, that part of the curve first inverted briefly in March then turned lower again in May where it has stayed since. Harvey said the curve needs to stay inverted for three months to be reliable, so in this instance the duration means the indicator is "flashing code red" for a recession. The one bright spot, he said, is that those watching the indicator can, and sometimes do, plan ahead. The inversion is not a coincident indicator but rather one that points to downturns six to 18 months or so in the future.
cnbc.comBetter late than never: Delayed by injury, Josh Brown's NHL career is starting to take off
Back in January, Josh Brown was working through his third season with the AHL's Springfield Thunderbirds. Even when your dream is coming true and you're heading to the NHL, nothing ever goes as smoothly as planned. He averaged 13:18 on the ice, picked up his first NHL goal (and assist), and dropped the gloves four times. "Playing with (Yandle), you're going to play (a lot of minutes) and you're going to play some key situations," Quenneville said. Discussing the Brown and Yandle combo, Chychrun said he believes Quenneville is putting Brown in a situation to not only succeed, but thrive.
Josh Brown: I hope tobacco giant Altria's stock 'goes to zero'
Money manager and popular blogger Josh Brown told CNBC on Wednesday that he "hopes" tobacco giant Altria's stock eventually "goes to zero." I'm not predicting" the shares fall to zero, the CEO of Ritholtz Wealth Management said during an appearance on "Closing Bell." When asked whether it should be treated like alcohol and oil companies, Brown said, "I don't think it's the same at all." He suggested that investors currently in tobacco stocks can own an index instead. "These are the types of stocks that are getting kicked out of portfolios, millions of people's portfolio's at a time," Brown added.
cnbc.comDespite intense focus on the yield-curve inversion, some on Wall Street see it as a red herring
The last time this part of the yield curve inverted was in December 2005 two years ahead of the financial crisis and recession. Still, some Wall Street analysts are urging investors to consider the bigger picture, and say this yield inversion might be different. Because the yield curve is now widely seen as recession red flag, it's more closely watched. Former Federal Reserve Chair Janet Yellen also warned that investors might want to think twice about trusting the yield curve inversion as the a recession indicator. "Now is not the time to panic, but the yield curve is telling you that growth is weakening," Lavorgna said.
cnbc.comJosh Brown: Why 10 years of no returns may be a good thing for younger investors
Yet that's exactly what you shouldn't do, according to financial experts Josh Brown and Bill Sweet. said Sweet, chief financial officer of Ritholtz Wealth Management and a former U.S. Army captain. "But the stock market is one of the few things that, when it goes on sale, people get nervous," he added. Brown, CEO and co-founder of Ritholtz Wealth Management, said it's in our DNA to run towards things that look safe and run away from things that look like danger. "When the stock market falls 10%, it looks like it's about to fall another 40%," he said.
cnbc.comJosh Brown: Sometimes the best returns come from CEOs you've never heard of
Everyone knows the names Bill Gates, Warren Buffett and Steve Jobs, three of the most famous CEOs in modern history. But what's less well known is the fact that some of the greatest stock returns of all time came from companies being run by press-shy, demurring executives who were content to work away from the public eye. In William Thorndike's book "The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success," we learn the stories of some of the greatest CEOs of all time when measured by shareholder returns. The book talks about how, with the exception of Buffett, they tended to avoid giving interviews or talking to Wall Street analysts. Shareholders came to appreciate these "outsider" CEOs based on the end result they saw in their stock price appreciation.
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