Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- The latest twist in the Fed's rate policy adventure
- The danger of individual investors are jumping into stocks
- Why the $1,000 iPhone X may actually be cheap
And more!
So check out these links right now and get up to speed:
1) Fed Signals Another 2017 Rate Hike, Asset-Shrinking to Start Next Month (Bloomberg)
Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of their crisis-era support for the economy. They continued to forecast one more interest-rate hike later this year, saying storm damage will have only a temporary impact on the economy.
2) The masses are going all-in for stocks, and that’s not a good thing (MarketWatch)
The latest Wells Fargo/Gallup Investor and Retirement Optimism Index hit 138 in September, its highest level in 17 years.
That was in September 2000, when investors still couldn’t shake their denial that the bull market of the 1990s was over.
3) Tim Cook says the $1,000 iPhone X is a ‘value price’ – and he’s right (Boy Genius Report)
The iPhone X represents a number of firsts. The iPhone X is the first iPhone in history to incorporate facial recognition. The iPhone X is also the first iPhone to do away with the home button, a staple of every single iPhone since the beginning. And economically, the iPhone X is the first iPhone to ever break the $1,000 threshold.
4) From Russia with fuel – North Korean ships may be undermining sanctions (Reuters)
At least eight North Korean ships that left Russia with a cargo of fuel this year headed for their homeland despite declaring other destinations, a ploy that U.S. officials say is often used to undermine sanctions.
5) Merkel warned Germany needs a policy rethink to keep economy growing (CNBC)
Angela Merkel is likely to win a fourth term as chancellor after a national election on Sunday but business leaders are already warning her that the next government must implement growth-friendly policies to ensure Germany remains the euro zone's largest economy.
6) Ray Dalio, the Steve Jobs of Investing (Tim Ferriss Blog)
Ray Dalio (@raydalio) grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management.
Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S.
7) Why You Need to Know the Only 4 Stages of Market Movement (T3 Live)
If you want to be an expert swing trader, then you have to understand the Foundation of stock movement, broken down into 4 clear stages:
- Ambivalence
- Greed
- Indecision
- Fear
8) Bitcoin's Parimutuel Problem (Or Why Shorting Doesn't Pay Today) (CoinDesk)
When the price of bitcoin plunges — as it did last week — seasoned investors are caught in a market that doesn't exactly have the mechanisms they're used to.
Case in point, hedging long positions, is today a difficult prospect. Unlike most traditional stocks, where investors can open a margin account with their broker that allows them to short most shares, the tools in bitcoin are few and far between.
9) What Makes a Great Trader? An Interview with Jack Schwager (CFA Institute)
If you peruse the Wikipedia entries that describe some of the world’s great investors, you’ll often find that they share a common footnote: a series of books entitled “The Market Wizards” which feature Jack Schwager’s profiles of a number of successful traders.
10) How to Get Out of Your Own Head and Take Action (YouTube)
In this video, author Mel Robins shows you how to stop worrying about your troubles, and start taking action.