The San Francisco 49ers, a team name that pays tribute to the pioneers who struck it rich in the 1800s gold market, may have appeal that crosses over into equities as well, Bespoke Investment Group says.
The Fed meets next week and 34 percent of portfolio managers surveyed by Bloomberg believe a taper announcement is imminent, up from 16 percent last month. They cite stronger recent economic data like retail sales, GDP and employment. If they're right, reduced dollar supply argues for a long-awaited dollar rally.
The assertion that a short seller offered to sell market-moving research to other traders before making it public is failing to sway investors after the biggest plunge in the history of Sino-Forest Corp.
Global investors say the state of the U.S. government’s finances is the greatest risk to the world economy and almost half are curbing their investments in response to continuing budget battles, a Bloomberg poll shows.