Hot Reads: Financial Industry Titans Back Crypto Exchange
Plus, why a 1% rate hike is a bad idea.
Compiled by ETF.com Staff
Fidelity, Schwab Among Backers of New Crypto Exchange (ThinkAdvisor)
Trading titans and brokerage firms are building a crypto exchange that brings investing in digital assets further into the domain of traditional finance.
The Case Against a Mega 1% Federal Reserve Rate Increase (Advisor Perspectives)
Talk that the Fed needs to raise interest rates in even bigger chunks starting with its meeting next week is a shocker.
Desperately Seeking Yield (Capital Spectator)
Higher yields are a positive byproduct of rising interest rates.
New Lawsuits Threaten Target-Date Fund Industry (Advisor Perspectives)
The cases open the door to a related and scandalous breach of fiduciary duty: excessive risk.
Founder of World's Largest Hedge Fund Rails Against Fed (Benzinga)
Ray Dalio predicts 20% stock plummet.
Mortgage Rates Climb Above 6% for First Time Since 2008 (FA Magazine)
The year's rapid rise in borrowing costs has slammed the brakes on the U.S. housing market.
Study: 20 Years of Failure For Active Managers (The Evidence Based Investor)
Only 18% of actively managed funds outperformed their self-declared benchmark.
Quality ETFs Can Help Fight Inflation (Yahoo Finance)
They reduce volatility relative to vanilla funds and can hold up against market swings.
