Ken Griffin, CEO of Citadel, at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund climbed 1.9% in January, following … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve’s … Read more
Big Tech’s market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi’s Todd Rosenbluth. “Investors are getting nervous that too much money is concentrated in a handful of stocks within the broader ETFs that they have available that [are] tied to the S&P 500 or even the Nasdaq 100,” the firm’s head … Read more