The Weekly Skim for Investment Professionals & Financial Advisors
December 17, 2018
Issue 2.2 - WK 51
Robinhood Pumps the Brakes on 3% Checking Account
In a span of 48 hours, Robinhood offered a 3% checking account and then deleted all previous announcements attempting to back step its claims because you know FDIC isn't the same as SIPC.
Is Cash Still King? Digitally yes, but physically no. According to a recent PEW Research study, roughly three-in-ten U.S. adults (29%) say they make no purchases using cash during a typical week
Is A Santa Clause Rally on the Horizon? Wells Fargo strategist Chris Harvey thinks so, he has a year-end target of 2,900 for the S&P 500. That would be an 11.5% gain hahaha!
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