1128 days ago
The secondary sneakers market: think outside the box
Thanks to secondhand companies like StockX, the secondary sneakers market is expected to grow 15-25% to $100 billion by 2025.
1128 days ago
Thanks to secondhand companies like StockX, the secondary sneakers market is expected to grow 15-25% to $100 billion by 2025.
1129 days ago
The combination of rising Treasury yields and tech stocks backing up encourage exchange traded funds to pour money into equities. ETFs tracking stocks recorded their best month of inflows, as traders added $86 billion into those funds in February. Equities keep climbing, led by an economic reopening. The trend is further supported by treasury yields and vaccines rollouts, as well as by the pressure on already high valued tech stocks. Vanguard Group's S&P 500 ETF lured over $11 billion of inflow, BlackRock Inc's iShares Core S&P 500 ETF saw a intake of $8.4 billion this month, as new record, while Invesco's QQQ Trust Series 1 came third with $3.5 billion.
1129 days ago
Looking at today's chart from Bespoke Investment Group, we see that days where the NASDAQ was down 2% or more while the less-tech-driven Dow Jones was up are mainly clustered around the 2000-2001 dotcom bubble. The question is: should we expect the same to happen soon? Rather not. Of course, the Dow will tend to outperform tech stocks in the coming months as it will be much more sensible to the economy reopening. But very strong GDP and earnings growth will continue to push stocks up. Tech valuations are high but not as absurd as in 2000. Remember that at that time, the US 10-year treasury yield was at 6%. According to Robeco Analyst Jeroen Blokland, the Dow will continue to make highs, while tech stocks will stay a little behind.
1129 days ago
Warren Buffett jokingly shows CNBC host that he is a card carrying capitalist
1129 days ago
Dentsply Sirona is the world's largest manufacturer of professional dental products and technologies, with a 134-year history of innovation and service to the dental industry and patients worldwide. The company saw shares rise on bright earnings news.
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