Top 3 Inverse Volatility ETFs for 2018

Top 3 Inverse Volatility ETFs for 2018

The Chicago Board Options Exchange Market Volatility Index (VIX), was introduced as a tool to gauge the severity of stock market swings, and has fittingly been dubbed the “fear index.” Many exchange-traded funds (ETFs) have since come to market, with the explicit aim of profiting by investing in ways that counter the VIX’s movements. Such ETFs, which have come to be known as “inverse VIX ETFs”, attract investors who seek downside protection during chaotic markets. Unfortunately, in recent years, many such funds fell short of this goal, when they theoretically should…

Walmart sues Tesla for negligence after repeated solar system fires By Reuters

© Reuters. A Tesla logo hang on a building outside of a Tesla dealership in New York By Nichola Groom and Nivedita Balu (Reuters) – Walmart (NYSE:) Inc on Tuesday sued Tesla (NASDAQ:) Inc, accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its U.S. stores. Solar energy systems installed and maintained by the electric car maker were responsible for fires at seven locations, with dozens showing hazardous problems…

New Zealand Credit Card Spending Data Due On Wednesday

New Zealand will on Wednesday release July figures for credit card spending, highlighting a light day for Asia-Pacific economic activity. In June, credit card spending was up 1.5 percent on month and 6.6 percent on year. Australia will see July numbers for skilled vacancies and for the leading economic index from Westpac. In June, vacancies were down 0.6 percent on month, while the Westpac index eased 0.08 percent on month. Japan will provide July fata for supermarket and department store sales. In June, supermarket sales were down 0.5 percent on…

Why is the recently fired CEO of Canopy Growth (CGC) buying even more shares?

Former Canopy Growth Corp (CGC) CEO Bruce Linton announced today that he’s buying more shares of CGC, seeming to catch investors off guard once again. It does seem like an unorthodox move following a high-profile firing, but then again, Bruce Linton curated his marijuana poster boy status by making such splashes in the news media. During his CNBC interview this morning he was true-to-form with sound bites. When asked why he bought more shares from the company that fired him, he said, “We have an awesome team there and when…