Richter is shorting the SPDR S&P 500 ETF because he's wary of the day-trading boom and the record stock-market rally given the weak US economy.US futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in coronavirus infections.Finland's Nokia Oyj plans to lay off about a third of the local workforce, two union officials said on Monday.
The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future - and it looks primarily electronic.A global crunch for US dollars that was a hallmark of the early moments of the coronavirus crisis appears to have passed, the latest milestone in a remarkable turnaround in financial conditions engineered by the Federal Reserve and other top central banks.
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