Money managers address SVB impact on ETFs

There has been speculation that SVB’s collapse could expose problems lurking in industry-specific ETFs. John Davi, chief information officer at Astoria Portfolio Advisors, put financials at the top of his watch list. “You need to be mindful of your risk,” says Davi, who runs the firm AXS Astoria Inflation Sensitive ETFtold CNBC’s “Advantages of ETFsThis … Read more

Banking expert Anton Schutz on investing during the crisis

shareShare the article via FacebookShare the article via TwitterShare the article via LinkedInShare Articles via Email Volatility in the financial sector has investors questioning whether banks are a safe investment, especially with big-name institutions falling sharply this year. Anton Schutz, who founded Mendon Capital Advisors with an eye toward financial investing, joins CNBC Pro Talks … Read more

Silicon Valley Bank falls another 45%, weighing on bank stocks again

In this photo, SVB Financial Group’s TradingView stock market chart is displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovnev | Light Rocket | Getty Images shares SVB Financial GroupSilicon Valley Bank, known as Silicon Valley Bank, fell for a second straight day on Friday and weighed on the … Read more

Financials could gain more favor as rates continue to rise

Credit card providers are benefiting from increased post-pandemic travel and card usage in general, with balances rising sharply in recent months. Valentin Rusanov | Electronics Plus | Getty Images Financial stocks are so out of favor for most of 2022 that perhaps they should have a Nathaniel Hawthorne-esque “U” appended to their ticker symbol — … Read more

This financial ETF is outpacing lower-cost sector funds.Here’s how it works

Financial stocks are off to a good start to the year, but the First Trust Financials AlphaDEX Fund (FXO) has outperformed its rivals and attracted investors’ cash. FXO, which has attracted more than $1 billion in inflows in the past month, has outperformed lower-cost industry funds this year, according to FactSet data. Through 2023, the … Read more

Morgan Stanley’s Mike Wilson Issues Correction Warning

Morgan Stanley’s Mike Wilson told investors to brace for a winter dip. he warned S&P 500 Index Vulnerable to a 23% drop – down to 3,000. “While most institutional clients think we may be headed into a recession, they don’t seem scared,” the firm’s chief information officer and chief U.S. equity strategist told CNBC’s “Fast … Read more