Trader Talk

A little-known indexing event on Friday will likely result in the year’s biggest volume day, with large trading and potential price swings in well-known names like Apple, Microsoft, J.P. Morgan, and Grubhub. One of the world’s largest index providers, FTSE Russell, is rebalancing the large-cap Russell 1000 and the small-cap Russell 2000 indexes. This is
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Jamie Dimon and Warren Buffett have again made a pitch to eliminate “short-termism” by calling on CEOs to stop providing quarterly guidance. But is earnings guidance really the issue? I don’t think so. To begin with, only about one in five companies still provides quarterly guidance. Second, eliminating earnings guidance or commentary would do nothing
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