NUGT

Cathie Wood’s Ark Investment Management is well known for its wildly optimistic price target for Tesla Inc., its money-spinning bet on Bitcoin and the 81% return of its main fund this year. It’s less well known that almost none of its analysts has a finance background.

Gold stocks are still correcting after soaring to seriously-overbought levels when their last upleg peaked in early August.  Weak seasonals in the next month could accelerate that.The deceiving high consolidation after that euphoric topping failed decisively this week when GDX shattered its 50dma, proving this sector’s correction is alive and well.Only about 15% so far, it is likely to extend to 25% to 30% before overbought technicals are worked off and sentiment rebalanced. Seasonality is likely to exacerbate remaining selling.

The private bank to Queen Elizabeth II is lavishing millions of dollars in a high-stakes bet on a Brexit deal in the teeth of market scepticism.

Strategists predict a tougher period ahead for U.S. corporate bonds after a slide in equities to more appealing levels.

Inflation, dormant for a decade, captured the market’s attention all summer, with unprecedented Federal Reserve stimulus and a $2 trillion federal spending package set to juice prices.

The exodus from high-yield debt shows few signs of easing, with investors pulling hundreds of millions of dollars more from the largest exchange-traded funds that buy junk bonds as a global index tracking the securities erases its 2020 gains.

Invesco Ltd. is looking to active, nontransparent exchange-traded funds as the next step forward for the $4.6 trillion industry, hoping the new products will be less vulnerable to traders who exploit expected changes in ETF holdings.

Gold’s slump this week is forcing investors to ask whether the haven asset is taking a breather or facing an even sharper decline.