A Trump rally for stocks but not coal; bitcoin pain; active money management that is ‘worse than a coin flip'
More coverage of bitcoin and its ilk: • Bitcoin trades above $11,000 as cryptocurrencies steady after multiday rout • SEC shoots down idea of bitcoin ETFs, citing volatility • Here’s more on KodakCoin, the planned ICO that sent Kodak’s stock surging • Now that’s a crypto crash: BitConnect Coin dives 90% as company shuts exchange
MarketWatch rounded up 10 of its most interesting topics over the past week.
Saturday will mark a year since President Trump’s inauguration. No doubt he’s thrilled that more than half of S&P 500 stocks have risen more than 20% since he took office.
Rex Nutting looks at President Trump’s claims of success in reviving the coal industry and finds them wanting.
Through Thursday, the price of bitcoin BTCUSD, +14.05% has plunged 14% from a week earlier and 38% from a month earlier. True, we’ve seen bitcoin come back from major declines again and again, but learn about defensive strategies that crypto traders use — and you can too if you’re playing cryptocurrencies.
Even for active fund managers who hit home runs, chances of beating the broad stock market’s long-term performance are not good.
What a jolt: Catey Hill reports for Moneyish that a third of young Americans spent more on coffee last year than they put into investments.