Nvidia Corp.’s earnings due Wednesday is such a big event in markets that Goldman Sachs Group Inc.’s trading desk has called it “the most important stock on planet earth.”
With options positioning implying about a 11% move in either direction, AI poster-child Nvidia could shake up financial markets given its influential weighting on indexes and crowded long positions in the stock. Just Nvidia alone has been responsible for one-third of the Nasdaq 100 Index’s gains this year.“Everyone is in the pool and there are positioning warning signs,” Goldman tactical specialist Scott Rubner wrote in a note to clients on Tuesday. “The bar is high, and by high I mean a big beat is expected.”Traders are bracing for more volatility after Nvidia tripled in value over the past year — pumped by an unrelenting artificial intelligence frenzy that’s propelled broader markets. Nerves are already running high, with the stock falling 4.4% on Tuesday, dragging megacap peers down with it.
IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.
A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.
Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.
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The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
