U.S. stocks recorded their worst January since the financial crisis and retail investors saw the downturn as an opportunity to buy the dip. Mom- and pop- investors led purchases of U.S. equities during the month, while institutional investors such as hedge funds sold off assets, according to fresh data from Bank of America. BofA’s retail clients were the biggest dip-buyers last month, posting inflows into stocks in each of the last four weeks. January inflows are typically led by retail… Source link
Read More »There’s a ‘Clearance Sale’ on Bitcoin, but Institutions Aren’t Rushing In
At the beginning of the year, the dominant narrative permeating cryptocurrency markets was that institutions were going to add large swaths of bitcoin to their assets. Big, established investors from hedge funds to Wall Street mainstays and blue-chip companies would be quick to jump on the bandwagon. Now, as bitcoin (BTC) trades close to half of the all-time high of almost $65,000 reached in April, things are starting to look slightly different: Despite what looks like a clearance sale on… Source link
Read More »Bitcoin at ‘Tipping Point’ as Institutions Come on Board
Bitcoin is at the “tipping point of its existence” thanks to large institutional investment and growing regulatory groundwork, according to a new report by Citi obtained by CoinDesk. While the perception of the cryptocurrency varies greatly, it is undoubtedly the inspiration for a blockchain-based economy and has created a new decentralized cryptocurrency market, according to the paper by Citi Global Perspectives and Solutions (GPS), the bank’s “thought leadership” arm. Citi… Source link
Read More »Americans ‘increasingly believe that their own institutions don’t work’
A volatile President Trump era and fallout from the recent presidential election has pushed Americans toward disillusionment with the U.S. political system, according to political scientist Ian Bremmer. “When I think about the future of my country and what that country means, the average American no longer believes that the institutions actually work for them,” Bremmer, a geopolitical experts and founder of the Eurasia Group, said in an interview on Yahoo Finance Live (video above). “So… Source link
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