The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks.In the case of financials, Astoria Portfolio Advisors' John Davi predicts deregulation โ along with a boost in IPO and mergers and acquisitions โ to spark multi-year strength."The funny thing about the...
Category: Finance
How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks
Big Tech's historic gains could be affecting your portfolio's makeup โ especially if your goal is diversification.Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla."Those Mag Seven stocks...
Nasdaq 100 celebrates 40 years: Is crypto the next big driver for gains?
The tech-driven Nasdaq 100 may be undergoing a historic shift as it turns 40 this week.According to Strategas Securities' Todd Sohn, cryptocurrency companies could fuel the next wave of gains."Bitcoin is to crypto as the QQQ โฆ is to technology type stocks," the firm's exchange-traded fund and technical strategist told CNBC's "ETF Edge" this...
The Fed meets for the first time since Trump’s term started. Here’s what to expect
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already...
American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Silas Stein | Picture Alliance | Getty ImagesAmerican Express' affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a 7% growth rate early in the...