Nicholas Colas

14 results

A trader working on the floor of the New York Stock Exchange on December 26th. Photograph: REUTERS/Jeenah Moon

Wall Street was marked by volatile trading on Wednesday as investors returned following a turbulent run-up to Christmas that had helped wipe more than(...)

Traders  on the floor of the New York Stock Exchange. The recent losses at Facebook, Amazon, Apple, Netflix and Google exceed the value of the entire Spanish stock market. Photograph: Drew Angerer/Getty Images

Last week, the NYSE Fang+ index fell into bear market territory (a fall of 20 per cent). The FAANG stocks that dominate the index – Facebook, Amazon, (...)

US president Donald Trump continues to overestimate his importance to the stock market. Photograph: Leah Millis/Reuters

The ongoing US bull market became the longest in history last week, but it seems ordinary investors barely noticed. Stocks had been closing in on Jan(...)

Traders work on the floor of the New York Stock Exchange. Photograph: Michael Nagle/ Bloomberg

Stocks fell hard last Tuesday as US 10-year bond yields topped 3 per cent for the first time since 2014. There’s been much agonised commentary as to w(...)

US president Donald J Trump waves after speaking  at the Values Voter Summit in Washington, DC, October 13th, 2017. Photograph: Michael Reynolds/EPA

Saying Donald Trump is mistaken is like saying Wednesday follows Tuesday – everyone knows it to be true. Still, let me say it: Trump is mistaken about(...)

New York Stock Exchange: Historically low levels of anxiety have confounded those who assumed an upsurge in volatility was a given in 2017. Photograph: Drew Angerer/Getty Images

Donald Trump’s political travails injected some volatility into stock markets recently but 2017 has largely been a very quiet year. Prior to the Trump(...)

Forrest Gump invested in “some kind of fruit company”. It was  Apple, and he did not “have to worry about money no more”

In Forrest Gump, the film’s protagonist wades into the stock market and into “some kind of fruit company”. “We don’t have to worry about money no more(...)

JP Morgan, Fidelity, Amundi and Schroders were among the companies selling funds with an active share of under 60 per cent and a tracking error of less than 4 per cent, said Better Finance. Photograph: Simon Newman/Reuters

Some of the biggest names in the European fund management industry may be selling closet trackers, according to campaign group Better Finance. Closet(...)

Investors would prefer to avoid trade wars, geopolitical strife and incompetent policymaking. Photograph: Timothy A Clary/AFP/Getty Images

Markets operated on a basis of “risk on, risk off” between 2009 and 2011. That changed to a narrative of “Fed on, Fed off” from 2012 to 2016. Now a ne(...)

Traders work on the floor of the New York Stock Exchange. Photograph: Michael Nagle/Bloomberg

The Dow Jones Industrial Average may be an anachronistic index that means little to professional investors, but it remains the market’s most recognisa(...)

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