Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- Why we're seeing the biggest oil slide in 20 years
- Reasons not to fear the low volatility market
- How Amazon + Whole Foods changed the retail game… again
And more!
So check out these links right now and get up to speed:
1) Oil drops to 10-month low; biggest first-half slide in 20 years (Reuters)
Oil prices fell about 3 percent to a 10-month low in heavy trading on Wednesday, as nagging fears about the global crude glut fed a sell-off that was interrupted only briefly after news of a larger-than-expected drop in U.S. inventories.
2) Not being invested in a low volatility market ‘can be costly,' Goldman Sachs says (CNBC)
The low volatility that's frustrated traders gives longer-term investors all the more reason to buy stocks, Goldman Sachs portfolio strategists say.
3) Are Traders More Bearish Today Than in 2007? (T3 Live)
It’s trendy to say that everyone’s bullish.
But the evidence shows that many investors don’t trust the market.
4) The Amazon–Whole Foods Deal Means Every Other Retailer’s Three-Year Plan Is Obsolete (Harvard Business Review)
When Amazon announced last week that it will acquire Whole Foods Market… you could almost hear the three-year plans of every grocer, and nearly every other traditional retailer, grinding through the shredding machines.
5) In Saudi Shakeup, Economics Tops Counterterrorism (Bloomberg)
The latest big news out of the Middle East is that Saudi Arabian King Salman bin Abdulaziz Al Saud has ousted the crown prince and installed his 31-year-old son, Mohammed bin Salman, in that position.
6) The 7 Deadly Sins of Trading, and How You Can Cure Them (T3 Live)
A little greed goes a long way.
But greed can also eat you alive… even if you have all the money in the world.
7) Nvidia is getting a huge boost from a red-hot cryptocurrency (NVDA) (Markets Insider)
Graphic processing units are used to power games, but that's not what is driving Nvidia's stock skyward right now.
Cryptocurrency mining is one of the biggest drivers to the GPU maker's shares in recent weeks.
8) Uber’s toxic culture risks its driverless future, too (Engadget)
So Uber’s blowhard-in-chief Travis Kalanick is finally out, out as CEO — after some of its most prominent investors put the squeeze on him to go (not just take a time out).
9) With Health Law in Flux, Insurers Scramble to Meet Filing Deadline (NY Times)
There’s a potential new major player in the autonomous vehicle industry, and its a seasoned player in the automotive market. Veteran car maker General Motors (GM) announced Tuesday that it’s completed 10 self-driving test vehicles of its Chevrolet Bolt electric vehicle (EV).
10) What Discipline Really Means (Jocko Willink)
Former Navy SEAL commander Jocko Willink, recipient of the Silver Star and Bronze Star for his service in the Iraq War, has some great advice for you on discipline: