Hedge funds entered the second quarter all-in on the AI trade, but have begun to diversify their portfolios lately. They’re dipping into healthcare, energy and financials.
Individuals may fail to recall and use information they already know when making decisions. We empirically investigate whether such “retrieval failures” distort consumption smoothing behavior among Zambian farmers, who derive their income from one annual harvest and then spend it down over the course of the year. We document that individuals underestimate upcoming spending by…
Stocks finished the week on a negative note as market participants sifted through the latest batch of earnings and economic reports. And while the blue-chip Dow Jones Industrial Average closed lower for the week, the broader S&P 500 and tech-heavy Nasdaq Composite extended their weekly win streaks to three. At today’s close, the Dow was…
If you’ve been waiting for lower mortgage rates, today just might be your day. The average interest rate on a 30-year, fixed-rate mortgage dropped to 6.59% APR, according to rates provided to NerdWallet by Zillow. This is 11 basis points lower than yesterday and two basis points lower than a week ago. (See our chart…
It’s easy to see why Florida is a haven for retirees. Between the year-round warm weather, miles of coastline, and zero state income tax, the Sunshine State is already home to roughly 5 million people 65 and older. However, relocating doesn’t guarantee a lower cost of living, even for those moving from high-cost northern states….
A recent article from the Wall Street Journal took a shot at two time-honored investment strategies: the 60/40 portfolio and the 4% rule. Will these two financial principles work in the future? CERTIFIED FINANCIAL PLANNER® Wes Moss, a managing partner with Capital Investment Advisors, joins Christa to discuss the purpose of these fundamentals and explains…
“I met with a financial representative who was not aware that AT&T was the shortened form of American Telephone and Telegraph.”
