Image Credit: PIRO4D, Pixabay By Jason Zweig | June 12, 2020 11:00 am ET Las Vegas has reopened, and not just in Nevada. Wall Street also resembles a casino — even more than it normally does. Many stocks, especially of smaller companies in financial distress, have been bouncing around like dice on a craps table. These moves seem partly...
Read MoreThis Bull Market Isn’t as Big as You Think
Image Credit: Alex Nabaum By Jason Zweig | June 5, 2020 10:00 am ET The gap between Wall Street and Main Street has never seemed wider, but much of it is an illusion. Since it bottomed on March 23, the S&P 500 has shot up almost 40% — the highest return over so short a period since 1933, according to S&P Dow Jones...
Read MoreAn Unlikely Hero for 1906, 1929…and Today
Image Credit: Bankitaly Life, November 1923 (archive.org) A personal note: The Wall Street Journal just launched my new column, “Back in Business,” which will run every few weeks. It will seek to illuminate the present with lessons from the past, focusing on the people and events that have shaped business history. “Back in...
Read MoreWhen Your Lookalike Funds Don’t Act Alike
Image Credit: Alex Nabaum By Jason Zweig | May 22, 2020 11:00 am ET What an asset is worth depends on who owns it — and how. If you own publicly traded real-estate investment trusts, your REITs are worth an average of 21% less than they were at the end of 2019. If, however, you hold the TIAA Real Estate Account, a $25.2 billion...
Read MoreWhen Failure Is an Option: A Trading Strategy Soaks Investors
Image Credit: Alex Nabaum By Jason Zweig | May 15, 2020 11:00 am ET The catchier an investment’s name, the more you should ask: What’s the catch? Just consider YES. Offered to wealthy advisory clients of UBS Group AG, YES stands for Yield Enhancement Strategy. Who doesn’t love getting to yes? And who wouldn’t...
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