Trading often is an exercise in reading the market's tea leaves to try to get a sense of direction. Sometimes the most important tea leaves are technical and involve watching moving averages and chart patterns.
Increasingly, clients and prospective clients have been asking me about "liquid alternatives." On the one hand, I like the thinking behind an inquiry where the liquidity of an investment is at the forefront of a consideration.
New York Life, the largest U.S. mutual life insurance company, is set to acquire ETF provider IndexIQ. A leading provider of alternative ETFs, IndexIQ will be folded into the insurer's investment management arm, which includes MainStay mutual funds.