Hot Reads: The Crypto Contagion Continues
Plus, China’s reopening has major implications for the global economy.
New York AG Accuses Celsius ex-CEO of Defrauding Crypto Investors (CNBC)
Letitia James alleges Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses when he was CEO of now-bankrupt crypto exchange Celsius.
Crypto Lender Genesis Considers Bankruptcy, Lays Off 30% of Staff (Wall Street Journal)
Firm suffered steep losses from loans it supplied to Alameda, Three Arrows.
BlackRock’s China ETF Sees Massive Inflow on Pro-Growth Rally (Bloomberg)
Investors are flooding into the largest U.S.-listed ETF tracking Chinese stocks as it roars higher on hopes the unwinding of China’s zero-COVID policy will resuscitate demand.
How China’s Reopening Will Disrupt the World Economy (The Economist)
A tale of death, growth and inflation.
Why Investors Should Stop Fixating on Apple and Tesla Stock in 2023 (Yahoo Finance)
And as a bevy of new leaders are surfacing in the S&P 500 index, history suggests these two stocks aren't likely to retain their top-of-mind status for investors in the coming years.
Sun Setting on SPY Supremacy (Financial Times)
State Street’s pioneering flagship ETF, the $355 billion SPDR S&P 500 ETF Trust (SPY), will be supplanted by Vanguard and BlackRock rivals by the end of the year, says The ETF Educator’s Nate Geraci.
JPMorgan’s Smash-Hit ‘Income’ ETF Seen Battling Off Bond Market (Bloomberg)
One of the biggest hits in the $6.6 trillion ETF industry last year has a worthy opponent in 2023: the bond market.
3 Great ETFs for 2023 and Beyond (Morningstar)
Investors don’t have to give up long-term performance to manage current risks.