NewsWatch: Investors should do this 1 thing now to protect from a brewing market storm, says Pictet manager

This post was originally published on this site

MARKETWATCH FRONT PAGE

Our call of the day comes from Julien Bittel, multiasset fund manager at Pictet Asset Management, who sees a one-sided market right now, and a big need for investors to diversify. See full story.

Goldman Sachs says it’s the beginning of a structural bull market in commodities

Analysts led by Jeffrey Currie said there is the beginning of a new structural bull market in commodities, with every market but cocoa and zinc in structural deficit. See full story.

Teachers were already leaving the profession due to stress — then COVID-19 hit

About 44% of teachers who left voluntarily during COVID-19 cited the pandemic as the primary reason for their exit. See full story.

We should tax billionaires’ wealth to help pay for pandemic recovery

Elizabeth Warren’s bill would levy a small tax on billionaire fortunes. It could raise billions for recovery—and help protect our democracy. See full story.

Bitcoin may replace bonds, Cathie Wood says

Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said Thursday. See full story.

MARKETWATCH PERSONAL FINANCE

The big news for 2021 is the debut of the Quattroporte Trofeo, which is powered by a twin-turbo 3.8-liter V8 with 580 horsepower. See full story.