A Trump rally for stocks but not coal; bitcoin pain; active money management that is ‘worse than a coin flip'
MarketWatch rounded up 10 of its most interesting topics over the past week.
- Happy anniversary to the Trump stock market
Saturday will mark a year since President Trump’s inauguration. No doubt he’s thrilled that more than half of S&P 500 stocks have risen more than 20% since he took office.
- On the other hand, Trump’s coal claims are exaggerated
Rex Nutting looks at President Trump’s claims of success in reviving the coal industry and finds them wanting.
- Defensive strategies for bitcoin
Through Thursday, the price of bitcoin BTCUSD, +14.05% has plunged 14% from a week earlier and 38% from a month earlier. True, we’ve seen bitcoin come back from major declines again and again, but learn about defensive strategies that crypto traders use — and you can too if you’re playing cryptocurrencies.
More coverage of bitcoin and its ilk:
• Bitcoin trades above $11,000 as cryptocurrencies steady after multiday rout
• SEC shoots down idea of bitcoin ETFs, citing volatility
• Here’s more on KodakCoin, the planned ICO that sent Kodak’s stock surging
• Now that’s a crypto crash: BitConnect Coin dives 90% as company shuts exchange
- The odds against beating the stock market
Even for active fund managers who hit home runs, chances of beating the broad stock market’s long-term performance are not good.
- Is the coffee worth it?
What a jolt: Catey Hill reports for Moneyish that a third of young Americans spent more on coffee last year than they put into investments.