Good morning, and the adventure continues! Futures traders see stocks +0.18% and metals at -0.10%, no major econ reports (not til Wed.), interesting news tho..
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Fewer active managers beat market than at any time in decade Fewer fund managers are beating the market this year than at any time in over a decade, piling further misery on a profession that faces increasing investor scepticism. Fewer than one in five active managers ... Financial Times
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Private investors pour billions into mobile internet growth The tech industry has a new Billion Dollar Club. The label used to have a certain exclusivity when it came to private start-ups. But it no longer seems so selective: more than 40 tech companies have broken ... Financial Times
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With dollar on a tear, gold and silver rout far from over - Reuters poll Half of the 27 respondents surveyed on Wednesday and Thursday predicted gold prices will breach a critical support at $1,100 per ounce by the end of this year. Reuters
- Piketty's Equality Reached a Sad Conclusion In Berlin - Swami Aiyar, IBD
- The 4% Withdrawal Rule for Retirement Is Broken - Jon Stein, USA Today