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Search resuls for: "Barchart.com"


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Courtesy of Erik SmolinskiHe says he has a long position in iShares Russell 2000 ETF (ETF, IWM) and ​​iShares 20+ Year Treasury Bond (ETF, TLT). AdvertisementThe portfolio addition for the hands-off investor: the iShares Russell 2000 ETFSmolinski recognizes that, as an investor, he's "more active than I imagine most people want to be." For the everyday investor who wants to be more hands-off, he recommends buying the iShares Russell 2000 ETF. This investment tracks the Russell 2000 Index, which measures the performance of small caps. That would be the next expression, so: looking at strong sectors, strong sub-sectors, then finding the leading stocks within those strong performing sub-sectors."
Persons: , Erik Smolinski, he's, Smolinski, He's, Russell Organizations: Service, Business, Marine, Treasury Bond, Nasdaq Locations: California, Norway, iShares Russell
US personal savings have collapsed by $5.5 trillion since April 2020, spelling trouble for the economy. Historically high inflation has been the key reason for the decline in American consumers' cash reserves. With the return of student loan bills, savings and spending levels could worsen. Billionaire investor Bill Gross recently weighed in on falling consumer savings levels, warning that Americans could run out of their pandemic savings later this year, paving the way for a recession. Also adding pressure on the US economy is the return of student loan bills, which could cut both consumer saving and spending levels.
Persons: Barchart.com, Bill Gross Organizations: Service, Federal Reserve, Oxford Economics Locations: Wall, Silicon
Total: 2