You often hear Wall Street does horrible things and doesn’t get in trouble, but not this time. Now Archegos Capital Management ex-principal is in jail and awaiting trial for racketeering, market manipulation, and fraud. What did he do, why did he do it, and what is going to happen to him? The answers to all of those questions can be summarized as: nothing good at all.
When Netflix fell 35% in a day, it was one of the worst days of any S&P 500 stock in history. But it’s not that unprecedented—Facebook recently had over a 20% drop on a bad earnings call and several tech stocks have suffered losses as bad or worse over the last few months. What’s behind this really bad day for $NFLX, and what does it say about growth stocks, investors, and the market?
So many bankers break the law in so many ways around the world, but why does this happen? Are bankers more likely to be evil than other professionals? Are the temptations too great? Are the laws too lax? Join Zolio as we discuss why banks go bad—and how to stop it.
After a brief reprieve from falling, stock prices tumbled on Tuesday as the Federal Reserve indicated it was going to get more aggressive about raising interest rates. But why exactly do higher rates cause stocks to fall? The answer isn’t as simple as many think it is.
The best recession predictor is flashing red. The yield curve is flattening and looking to invert, and investors aren’t paying as close of attention to it as they used to. Should they?
Ask anyone on the street how you make it big in finance, and they’ll likely say it takes a lot of math and a lot of luck. But that’s not really true. On Wall Street, there are two skills that will make you richer faster than being a math whiz—and there are three very good reasons why.