Global markets riding high on the ‘Yellen effect’
Did Janet Yellen affect global markets? Better believe it. Also, four U.S. banks get cut by Moody's, some big names load up on gold and yes, there's an ETF with a chunk of Twitter. From InvestmentNews senior columnist Jeff Benjamin, who adds a Turkey Day preview.
World equity markets rallied overnight in response to the latest comments from Janet Yellen, nominee for Fed Chairman. The “Yellen effect” On Thursday, Ms. Yellen told the Senate Banking Committee, ”It’s important not to remove support.”
Moody’s downgrades four U.S. banks, citing a lack of government support in a crisis. Morgan Stanley, Goldman Sachs, JPMorgan and Bank of New York Mellon see ratings lowered one level
Billionaire investors John Paulson and George Soros are sticking with gold. Paulson holds 10.23 million shares of SPDR Gold Trust
Twitter fans take note: Global X Social Media Index ETF (SOCL) has allocated 4.5% to the newly public company. Twitter’s market value now at $24.3 billion
The holiday shopping season is now carving into Thanksgiving Day, with a quarter of the 140 million people who plan to shop that weekend saying they will hit the stores a day ahead of Black Friday. Not having to sit at the kid’s table this year, priceless Here are 13 retail stocks poised for the season. Certain overlooked equities
Learn more about reprints and licensing for this article.
