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Assets

SHY

VGSH

Hedge funds continue to short short-term Treasury Bills, suggesting the Federal Reserve's rate hiking cycle may not be over. Leveraged investors increased their net-short two-year Treasury positions for an eleventh straight week. The iShares 1-3 Year Treasury Bond ETF (SHY) and the Vanguard Short-Term Treasury Index Fund ETF (VGSH) both experienced losses during this period.

Portfolio Pulse from Bhavik Nair

June 12, 2023 | 7:28 am

AMD

MSFT

NVDA

QQQ

SPY

TSM

Foord Asset Management's Brian Arcese warns of an overheated market amid lingering inflation and believes the Fed's rate tightening cycle is not over. He highlights the divergence between tech stocks and the rest of the S&P 500, with tech stocks driving much of the rally this year.

Portfolio Pulse from Bhavik Nair

June 12, 2023 | 7:12 am

IEF

SHY

VGSH

Despite easing recession fears, major bond managers from Allianz and Fidelity maintain their forecasts for a downturn and advise hedging bets on risky assets. They believe the Federal Reserve's 10 consecutive rate hikes have already caused damage, and central banks' continued tightening is a concern. Bond ETFs IEF, SHY, and VGSH have experienced losses in the last month.

Portfolio Pulse from Bhavik Nair

June 12, 2023 | 1:22 am

ETHUSD

Ethereum co-founder Vitalik Buterin has highlighted three crucial transitions for Ethereum's future: scalability, wallet security, and privacy. He warned that high transaction costs could force products to opt for centralized solutions if Ethereum doesn't achieve scaling. Buterin also emphasized the need for smart contract wallets and privacy-preserving transactions.

Portfolio Pulse from Bibhu Pattnaik

June 11, 2023 | 12:48 pm

SHIBUSD

An unknown crypto whale moved 4 trillion Shiba Inu (CRYPTO: SHIB) worth $31.7 million from Shiba Staking to Binance. 89% of SHIB holders are sitting on losses, with 69% holding the cryptocurrency for over a year. Shibarium, SHIB's layer-2 scaling solution, has seen over a million transactions on its testnet, Puppynet.

Portfolio Pulse from Bibhu Pattnaik

June 10, 2023 | 5:11 pm

AMOM

COIN

TSLA

The S&P 500 closed near the 4,300 benchmark for the first time since August 2022, reflecting investor anticipation of inflation data and the Federal Reserve's rate decision. QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) sold Nvidia (NVDA) shares and opened a position in Amazon (AMZN). Tesla (TSLA) could generate $3 billion in charging revenue from non-Tesla owners by 2030. Jack Dorsey called Ethereum (ETH) a security, and the SEC filed a lawsuit against Coinbase (COIN) for acting as an unregistered broker.

Portfolio Pulse from Michael Cohen

June 10, 2023 | 2:26 pm

BTCUSD

COIN

Cathie Wood, CEO and Founder of Ark Investment Management, believes Bitcoin (BTC) will hit $1 million soon due to global economic uncertainty. Wood also mentioned that ARK Investment bought a significant stake in Coinbase Global Inc (NASDAQ:COIN) last week.

Portfolio Pulse from Bibhu Pattnaik

June 10, 2023 | 2:09 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) is closer to powering its vehicles with wind energy, as the final components for its on-site wind turbine arrived at its manufacturing plant in Normal, Illinois. The turbine, developed in partnership with Apex Clean Energy, is expected to generate about 10 million kWh of electricity annually and help Rivian reach net-zero carbon emissions by 2040.

Portfolio Pulse from Anan Ashraf

June 10, 2023 | 4:31 am

BLK

USCL

Blackrock launched the iShares Climate Conscious & Transition MSCI USA ETF (USCL) on June 6, targeting the upper 50% of large and medium-sized companies in their sectors based on climate factors. The ETF is benchmarked against the MSCI USA Extended Climate Action Index and has an expense ratio of 0.08%.

Portfolio Pulse from Piero Cingari

June 09, 2023 | 8:50 pm

XELA

Exela Technologies (NASDAQ:XELA) surged over 8% after announcing the successful sale of its high-speed scanner manufacturing and maintenance business to Imaging Business Machines, LLC. The stock confirmed an uptrend, but there's a chance it may have printed a bearish double top pattern near the $5.70 mark.

Portfolio Pulse from Melanie Schaffer

June 09, 2023 | 7:14 pm