Smart money moving to the sidelines as earnings signal flashes red

<i>Breakfast with Benjamin:</i> Earnings signal flashing red, sending some investors to the sidelines, Gross sets a timeline, Bernanke wants the president to have more power, ETF investors hedge currencies and chase corporate bonds, and the first-year numbers behind Colorado's legal weed.

MAR 09, 2015

By Jeff Benjamin

The leading indicator of corporate earnings says stocks are getting scary expensive, and it might be time to follow the so-called smart money to the sidelines. A similar story across the blue chip universe
Bill Gross, 70, says he's in no big hurry to make his mark at Janus. He's taking two to four years to re-establish himself. A desire to prove he can still beat the market
Ben Bernanke wants to give U.S. presidents more power to properly manage financial emergencies. In other words, taking some pressure off the Fed in times of extreme stress. 'I'm sure it's not politically possible, but it would be worth thinking about'
For ETF investors, February was all about hedged currencies and corporate bonds. Adjusting to the strength of the U.S. dollar
A year later, Colorado's mile-high pot experiment looks totally righteous, dude. $63 million in tax revenue, $13 million in licensing fees, and snack food sales through the roof

Former Wells Fargo exec Brendan Krebs emerges at PNC

The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.