Institutional Investor (April 4)
“For most industries, transformative innovation is an ever-present reality. Within the staid world of investing, true innovation – the type that alters investor behavior and competitive balance – is rare.” It might, however, “be on the cusp of occurring today for the much-maligned active investment management industry. Ironically, the emergence of active ETFs (combined with an advanced approach to active management) might be the Trojan Horse that saves active management.”
Tags: Active ETFs, Active investment, Competitive balance, Cusp, Emergence, Industries, Innovation, Investing, Investor behavior, Transformative
Washington Post (January 19)
“The S&P 500 hit an all-time closing high Friday.” Up over 1% from Thursday, the index closed at 4,839.81, “surpassing the previous closing record set in January of 2022.” Support stems from confidence in an economy that has averted a recession, apparently achieving an elusive soft-landing. Analysts also “point to an AI-driven frenzy on Wall Street that rivals the dot-com boom of the late ’90s, when investors sought to capitalize on the transformative gains brought by the early internet.”
Tags: AI, Analysts, Boom, Capitalize, Dot-com, Economy, Frenzy, Gains, High, Internet, Investors, Recession, Record Confidence, Rivals, S&P 500, Soft landing, Transformative, Wall Street
