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Battered Funds Blame ETFs for Overrunning Stock Market. Again

(Bloomberg) — It’s an old theory, with shaky proof, that always gets louder right around now. The stock market is so overrun with dumb index money and exchange-traded funds that it can’t even tell when something bad’s happening.You hear it from old hands and stock pickers, lamenting a lost edge in a world where even a pandemic barely registers on charts. Something sinister must be afoot when 30,000 people are infected with coronavirus, the global economic expansion is threatened, and the S&P 500 has its best week in eight months.“The passive flows are set on a schedule the way they …read more […]

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China allocates $10.26 billion to fight coronavirus

China’s finance ministry said on Sunday all levels of government had allocated a total of 71.85 billion yuan ($10.26 billion) as of Saturday afternoon to fight coronavirus. The funds will also be used to ensure that efforts of every region to fight the virus are not hampered by financial constraints, it added. …read more […]

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China to help key industries to return to work as soon as possible – CCTV

BEIJING/SHANGHAI (Reuters) – China’s cabinet says workers in key industries must be helped to return to work as soon as possible in order to resume the production of vital food and medical supplies disrupted by the coronavirus outbreak, state broadcaster CCTV said on Sunday. The State Council’s special coronavirus group ordered railways, airlines and other public transport to take a coordinated approach and minimise the risk of transmitting disease. It also said workers should return in “batches” and not all at once in order to reduce infection risks. …read more […]

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3 “Strong Buy” Stocks With High-Yielding Dividends

Putting together a strong portfolio is more an art than a science. You have to balance share appreciation, potential upside, fundamental strength, and dividend yield to find the stock that will meet your needs. Do you want your investments to pay for themselves right away, or do you prefer a steady long-term gain? These are just a few of the factors to consider.It’s complicated by the sheer size of the stock markets. TipRanks tracks data on over 6,500 publicly traded stocks – and that’s just the tip of the iceberg. Fortunately, the Stock Screener tool makes it easy to find …read more […]

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WRAPUP 3-China's coronavirus deaths surpass SARS as millions stagger back to work

SHANGHAI/BEIJING, Feb 9 (Reuters) – China raised the death toll from the coronavirus epidemic to 811 on Sunday, passing the number killed globally by the SARS epidemic in 2002/2003, as millions prepare to return to work after an extended Lunar New Year break. Many of China’s usually teeming cities have almost become ghost towns during the past two weeks as Communist Party rulers ordered virtual lockdowns, cancelled flights, closed factories and shut schools. China has blocked a plan by Apple Inc supplier Foxconn Technology Co Ltd to resume production in China from Monday, the Nikkei business daily reported. …read more […]