FNCL News and Press, Fidelity MSCI Financials Index From 05/26/20

With the Canadian TSX today virtually unchanged from its April 2008 peak, even the most steadfast buy and hold investors have reaped zero capital gains over more than 12 years of risk and just 1.7% annually since the prior cycle peak in July 2000. Those who bought GICs and government bonds ove...

The massive liquidity injections from the Fed in the past few weeks have led to a sharp rise in the central bank's balance sheet, up nearly $3 trillion since its low in Q4 2019 to $6.7tr. The Fed's total assets could reach $9tr by the end of this year and up to $12tr in the end of 2021. Even t...

The U.S. central bank's balance sheet will surge to more than $10T and the federal funds rate target range is expected to last for three or more years, according to a Bloomberg survey. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion D...

Unlike some other central banks, Fed Chair Powell isn't urging banks to stop paying dividends to shareholders. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, News on the U.S. economy, Financial sto...

Introduction Welcome to my March 2020 Q1 review of my portfolios. This is a series I started which will highlight my journey in building a dividend growth portfolio for my future retirement. My goal with my portfolios is to generate cash flows in the form of dividends that I can use to cov...

Private investors who lost money through disputed margin calls that resulted from COVID-19-induced market disruptions are starting to consider legal actions against banks and wealth managers, the Financial Times reports. More news on: Financial Select Sector SPDR ETF, Direxion Daily Fi...

The Federal Reserve establishes a temporary repurchase agreement facility for foreign and international monetary authorities (such as other central banks). More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Invesco DB USD Bullish ETF, Financial s...

Citigroup (NYSE: C ) CEO Mike Corbat says banks walk a "fine line" between supporting customers through the Covid-19 crisis and loading them with loans they won't be able to pay. More news on: Citigroup Inc., Bank of America Corporation, Financial Select Sector SPDR ETF, Financial stocks...

Five federal financial regulators urge banks, savings associations, and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to Covid-19. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion D...

Forgetting energy, the financials ( XLF   -8.9% ) got hit harder than any sector today after the Fed more or less pledged to buy nearly any piece of paper out there with freshly minted dollars. More news on: Financial Select Sector SPDR ETF, Bank of America Corporation, Citigroup In...