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Tag: trading

The trading business on Wall Street is struggling and that could mean bad news for these banks

The trading business on Wall Street is struggling and that could mean bad news for these banks

Finance
One of Wall Street's big money-makers has been disappointing for major banks lately. Trading stocks and bonds on behalf of clients has historically been a cash-cow, especially in choppy markets. But as the top U.S. banks report results from the last quarter of 2018, it's becoming clear that trading wasn't a boost to banks' bottom lines. Citigroup and J. P. Morgan both unveiled lower-than-expected fourth quarter trading revenue, especially for fixed income. While it could be a one-off for what was a dismal December in the markets, analysts say it's lik...
This wacky daily trading strategy posted a 13% return in this rough year

This wacky daily trading strategy posted a 13% return in this rough year

Finance
Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent. According to Bespoke Investment Group, if one had implemented this so-called after-hours strategy every day in 2018, it could've posted a 13.3 percent return. "This has really been an intraday bear market, with more than 100 percent of the selling coming during regular trading hours. Since SPY's peak on Sep. 20, you'd still be up 3.3 percent if you only owned outside of ...
A trading chart suggests stocks face a heightened risk of a 10-20% correction

A trading chart suggests stocks face a heightened risk of a 10-20% correction

Finance
The market may begin looking different after Labor Day. Even though stocks just completed a banner month, the Economic Cycle Research Institute's Lakshman Achuthan is waving a warning flag. Achuthan believes there's a heightened risk of a sell-off that could wipe out the recent all-time highs. He used a special chart of the S&P 500 over time on CNBC's "Trading Nation" to make his case. "What's unique about this chart is that we've marked off the slowdowns in the economy — the so-called growth rate cycle slowdowns," the institute's co-founder...
Oakland Raiders trading WR Ryan Switzer to Pittsburgh Steelers

Oakland Raiders trading WR Ryan Switzer to Pittsburgh Steelers

Sports
The Oakland Raiders are finalizing a trade that will send wide receiver Ryan Switzer to the Pittsburgh Steelers, multiple media outlets reported Monday. Pittsburgh also will acquire a 2019 sixth-round pick from the Raiders, while Oakland will receive a fifth-round pick in next year's draft. Switzer had six catches for 41 yards with the Dallas Cowboys last year as a rookie. He also returned 29 punts for 256 yards and a touchdown. Switzer was traded from the Cowboys to the Raiders in exchange for defensive lineman Jihad Ward in April. Now, Switzer will be traded for the second time in five months. Since being acquired by the Raiders, Oakland has obtained wide receivers Martavis Bryant and Jordy Nelson. Switzer was also trying to make the Raiders' roster as a punt returner, but he retu...
G7 commits to 'rules-based trading system' despite tensions with US

G7 commits to 'rules-based trading system' despite tensions with US

World
Media playback is unsupported on your device All the G7 nations have agreed at their summit in Canada on the importance of a "rules-based trading system", despite tensions with the US.The joint statement signed by US President Donald Trump and his counterparts comes amid a row over high US tariffs imposed this month on steel and aluminium imports.The EU and Canada have taken steps to retaliate.Mr Trump says tariffs are needed to reverse America's trade deficit.Soon after the joint statement was announced, the US president tweeted defiantly about not allowing "other countries to impose massive tariffs and trade barriers on its on farmers, workers and companies".The G7 summit, held in La Malbaie, Quebec province, also covered such issues as rel...