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What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
Heading into 2017, the eulogy for good old-fashionedstock pickershad been all but written.
Robo-advisors and passive strategies were supposed to put them out of commission. And matters weren't helped much asvolatilityhovered close to the lowest levels on record, sapping the market of the price swings so crucial for active managers to prove their bonafides.
But then something unexpected happened — the stock pickers fought back. Here's our story.
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In other news, the scorching-hot stock market is on pace to do something that's never been seen before. And there's a new biggest bull on Wall Street now that Trump has signed tax cuts into law. And t
In finance news,
In crypto news, And the blockchain "name game" is just getting started — and it echoes dot-com mania.
In other news,
- Tesla's Model 3 deliveries were awful — but the company still set a sales record for 2017
- Tesla just slashed in half its Model 3 production target for the first quarter
- Wall Street is making excuses for Tesla's Model 3 problem — and it could backfire this year
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