Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
ADVERTISEMENT
What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
null
Market chaos will double over the next 3 years — here are some strategies to help investors stay afloat
The most popular gauge of stock-market volatility is set to double over the next three years, Bank of America Merrill Lynch strategists forecast.
The firm examined the historical relationship between the Cboe's volatility index (VIX) and the yield curve, which signals more tumultuous times ahead.
ADVERTISEMENT
Bank of America further laid out investing strategies that have historically profited at times when the VIX was rising.
The stock market just erased all of its gains for 2018, and tech stocks are continuing to get crushed
Goldman Sachs downgrades Apple for 2nd time this month, warns Apple may have 'miscalculated' iPhone XR pricing strategy
Goldman Sachs has cut its target price for Apple for the second time this month as the stock has taken a beating since the company reported earnings on November 1.
Apple's share price has declined over 20% from its October peak, costing the company over $220 billion in market value.
ADVERTISEMENT
In the bearish note, Rod Hall and his analyst team said that it seemed as if Apple "miscalculated on the price/feature balance" for the new iPhone XR and that Apple's less-expensive premium phone might have missed the mark.
In markets news
- A $736 billion strategist is bracing for a 2019 stock-market meltdown worse than anything we've seen this year — here are his top 3 tips for profiting from it
- Joel Greenblatt's flagship fund has beaten 99% of competitors over the past 3 years — here's a peek at his Warren Buffett-inspired 'magic formula' that's crushed the market
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT