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The great rotation into financials has begun — here's why it's a big deal for the market

The great rotation into financials has begun — here's why it's a big deal for the market

Finance
The financial sector's version of the NASDAQ finally climbing over its dot-com bubble high looks like it's about to happen. That's a big deal not just for bank stocks but for the market as a whole.Breakouts are great for investors who are looking for a powerful trend. And the longer it takes for a sector to bottom out — trade in no-man's-land — and finally break out, the more powerful that trend will be.Why? Because everyone who would've, could've and should've exited the sector has already done so. The sellers who were just looking to get back to even are gone.No stock market sector was hit harder than financials during the last recession. Let's recall the names of companies that are no longer around but once were iconic American institutions: Lehman Brothers, Bear Stearns, Wachovia (abso
Workplace touching: When it's OK, and when it's harassment

Workplace touching: When it's OK, and when it's harassment

Finance
What we've learned from the Harvey Weinstein scandalA handshake. A pat on the back. A hug. A shoulder rub. When it comes to workplace contact, what's OK and what's not? A good rule of thumb, from lawyers and etiquette experts alike: if you're considering anything beyond a handshake, proceed with caution. "Most healthy workplaces that I know of, people aren't really touching each other," says San Francisco attorney Kelly Armstrong. "There might be an employee going through a difficult time, and maybe they come and share that with you and maybe at the end of that they might come and give you a quick hug -- maybe. But it's rare. Or it should be." Some touching could be intended as innocent, but could be received in a negative way. Even seemingly simple gestures like hugs or pats can be vie...
Chinese power over North Korea? It's more myth than reality

Chinese power over North Korea? It's more myth than reality

World
At first glance, it seems the perfect solution to the world's most dangerous standoff: Find a way to get China to use its enormous influence to force North Korea to abandon its nuclear bombs. The countries, after all, share a long, porous border, several millennia of history and deep ideological roots. Tens, and possibly hundreds, of thousands of Chinese soldiers, including Mao Zedong's son, died to save North Korea from obliteration during the Korean War, and China is essentially Pyongyang's economic lifeline, responsible for most of its trade and oil. The notion of Chinese power over the North — that the countries are as "close as lips and teeth," according to a cliche recorded in the 3rd century — is so tantalizing that Donald Trump has spent a good part of his young presidency playing
Drones, solar and apps: It's not your father's sector rotation anymore

Drones, solar and apps: It's not your father's sector rotation anymore

Finance
Many individual investors fail to manage their equity portfolios with an awareness of "sector rotation" — ups and downs in different sectors' performance, stemming from changing economic conditions and inevitable shifts in market favor.Historically, determining which sectors were likely to do well at a given time was basically a function of the economy. Different sectors tended to perform well at different points in the economic growth cycle, from recession to expansion and then back down again, affected variously by such factors as commodity prices, the broad state of corporate earnings, interest-rate shifts and consumer confidence.Some of this wisdom may still apply, but things are much different now, especially regarding consumer sectors. As relentless technological advances change cons
Why dogs are friendly – it's written in their genes

Why dogs are friendly – it's written in their genes

Science
Being friendly is in dogs' nature and could be key to how they came to share our lives, say US scientists.Dogs evolved from wolves tens of thousands of years ago.During this time, certain genes that make dogs particularly gregarious have been selected for, according to research.This may give dogs their distinctive personalities, including a craving for human company."Our finding of genetic variation in both dogs and wolves provides a possible insight into animal personality, and may even suggest similar genes may have roles in other domestic species (maybe cats even)," said Dr Bridgett vonHoldt of Princeton University.The researchers studied the behaviour of domestic dogs, and grey wolves living in captivity. They carried out a number of tests of the animals' skills at problem-solving and ...