Jun 25, 2017

Why Wall Street still needs human traders

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SEC eyes oversight as investors pour cash into "socially responsible" funds

Illustration: Sarah Grillo/Axios

Investors are pouring record amounts of money into passive ESG funds — but the vagueness of just how money managers determine the makeup of their sustainable funds is now attracting attention from regulators.

Why it matters: Investors are paying high management fees for these "socially responsible" funds. It's important that they get what they pay for.

Go deeperArrowDec 17, 2019

Powell and the risk-off bull market

Jerome Powell. Photo: Alex Wong/Getty Images

The Fed’s 180-degree turn was the story of 2019, asset managers and market analysts say.

What happened: Chairman Jerome Powell and the U.S. central bank went from raising interest rates for a fourth time at the close of 2018 and giving market watchers the explicit expectation this would continue in 2019, to doing the opposite. The Fed cut rates thrice and even began re-padding its balance sheet in the last quarter of the year, bringing it back above $4 trillion.

Go deeperArrowJan 2, 2020

2019 stock market gains still leave Trump behind his predecessors

Data: FactSet; Chart: Axios Visuals

The S&P 500 has jumped 42% under President Trump — according to market data from the inauguration through 2019's final day of trading.

Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success — one that, along with the 50-year low unemployment rate, he's sure to continue to tout as the 2020 election approaches — but the gains under him lag those under former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.