The Safest Bets in a Trade War

With worries escalating about a trade war, there’s plenty of “blood in the streets.” But you wouldn’t know it looking at small cap stocks. Since the start of the year, the Russell 2000 small cap index has gained 7%.  Meanwhile, the Dow Jones is now down 3% on the year with the S&P 500 up…

Spotify IPO: A New Way to Go Public?

Most IPOs come with bells and whistles. There’s a roadshow for investors.  Underwriters and intermediaries are there to stabilize the share price. Company executives even get to ring the bell at the NYSE open. But Spotify (SPOT), the music-streaming leader, didn’t want any of that. Instead it opted for a direct listing, which allows current…