Hot Reads: Fed's Favored Inflation Measure Keeps Rising
Plus, GMO says growth stocks are in bubble status.
Core PCE Rises 0.5% In Jan., 5.2% Year-Over Year (CNBC)
The Fed’s preferred inflation measure was slightly higher than expected.
GMO Warns Of Equity ‘Superbubble’ (Institutional Investor)
The Boston-based investment firm cautions investors that now is not the time to abandon recent underperformers.
Russia ETF Sees Biggest Inflow Since June 2018 (Bloomberg)
‘RSX’ fell 19% yesterday, so the inflow of $58 million may be lend-to-create activity.
Actively Managed Funds Continue To Underperform (Morningstar)
Less than half of active funds delivered for investors last year, new Morningstar research shows.
Gold Surges To 15-Month High (Advisor Perspectives)
Russia’s attack on Ukraine boosts havens.
Cathie Wood Brands ARK ETF Shorts ‘Ridiculous’ (ETF Stream)
‘ARKK’ is down more than 61% from its all-time high last February.
