Recent bullish stock market activity signals that concerns of a near-term recession are low. Given the use of gold in a number of manufactured goods, it is likely that Trump’s influence will bring balance to gold prices.
Copper prices have already jumped in anticipation of stronger demand during the Trump administration. The infrastructure spending that Trump is calling for is going to spill over into demand for industrial metals, and several have already incorporated this into their prices since the election. Thus, I don’t seem much upside in copper.
The ‘sleeper’ since the election has been silver. Silver isn’t the metal of choice when fears start to rise—gold is. Silver is much more of an industrial metal, and I think it is best poised to benefit from the expansion the market expects during the early Trump administration.
In the following post, D’Amore-McKim School of Business Associate Academic Specialist Steven Kursh discusses how technology will influence the future of the financial and insurance services industries.
We stand today on the precipice of significant changes in the ways that financial and insurance services are provided to businesses and consumers. Many of us are already familiar with Apple Pay or Samsung Pay mobile payments solutions. Some of us may have heard about BitCoin, a peer-to-peer technology for managing transactions between parties; Blockchain, a decentralized database that enables transparency with the potential to reduce fraud; or, perhaps, RoboAdvisors, which automates investment management. And you may well have already made some personal investments through crowdsourcing sites like Kickstarter.
These are all examples of what is broadly called FinTech, an evolution in the financial services and insurance industries that will impact nearly all of us, even consumers and enterprises in emerging economies.  Read more…
As people change jobs more frequently, it gets easier to just not worry about rolling over those old 401k accounts. But it is important to take the time to do it. First, by consolidating into a single rollover IRA, you are able to better manage your retirement money. With all the money in one place, it is easier to make allocation decisions – what percent in stock funds vs. bond funds for example. With lots of little funds floating around, you end up doing a lot of arithmetic to figure out what you have where and what it all means in terms of overall allocations. Read more…