Barclays Plc has stopped selling highly engineered certificates of deposit that looked attractive to U.S. savers but often resulted in customers earning zero interest, according to people with knowledge of the matter. As part of that exit, Todd Dilatush, who focused on selling structured notes and market-linked CDs to U.S. retail investors, has left the bank.

U.S. equities have been hitting new record highs, with small-cap value stocks and related exchange traded funds leading the broad market rally, after Donald Trump won the presidential elections and bolstered the economic outlook.

The headline event from the session was again the looming collapse of Monte Paschi , the Italian lender, after a debtvswap it carried out left it a 3 billion short of the capital it needs to raise in order to recapitalize itself following a planned loan sale. With its share sale having closed on Thursday afternoon, market expectations are that Monte Paschi is now nationalized, marking the first major bank failure since the financial crisis.

High-quality bonds have taken a beating lately, but they still make sense for the long-term investor. On top of that, the market indicates there is less risk of default now than there was a few months ago.

Can we realistically expect more of the same, or are we likely to see a correction? If so, how bad might it be? A look at the most-recent five-year period compared to the history of five-year periods stretching back decades provides some perspective. The S&P 500 has earned an annualized return of 15.28% over the past five years, through December 20, 2016.

How do you feel about the circus that has come to surround this move on the Dow to 20,000? Because it really is like a circus, pure entertainment filled with animal spirits ! I am somewhat surprised that my mother hasn’t asked about it, but I suspect until it headlines the evening news it won’t be on her radar. Keep in mind that my mother makes such a great contrary indicator because she simply repeats what the “guy on the radio” says.

Shipping stocks are notoriously volatile due to the industry’s cyclicality, which can cause financial stress for shippers that borrow heavily to finance fleet growth. That said, DryShips Inc. takes that volatility to a whole new level.

U.S. stocks finished higher on Tuesday, led by a rally in bank stocks, though the Dow Jones Industrial Average finished just below the psychologically important 20,000 level. Both the Dow and Nasdaq Composite Index closed at fresh all-time highs, with the S&P 500 index falling just short of its own record.

Problem loans are a big issue in China, and no one has a good understanding of just how bad the banks’ loan books really are. One analyst suggested that Chinese banks could work through their loans in just two years in the worst-case scenario, but others believe the problems may be deeper.

That’s a credo that’s helped some of Asia’s top hedge funds this year as peers stumbled, with BFAM Partners, LIM Advisors and Serica Partners Asia surging in 2016 after snapping up or adding commodity-related bonds during a first-quarter selloff. Their performance stood out as the region’s hedge funds struggled with volatile markets in Japan and China, with offerings from Greenwoods Asset Management, Symphony Financial Partners and Tantallon Capital among those with losses.

Stocks are opening higher on Wall Street Tuesday, with shares of banks and other financial firms leading the Dow Jones industrial average toward fresh highs. Oil and other energy companies are also stronger.

Italy’s major banks traded higher Tuesday following a move by the country’s interim government to seek permission to borrow as much as a 20 billion to support its flagging lenders. The FTSE Italia Banks Index , a measure of share performance for the country’s largest lenders, added 1.6% by 08:45 GMT, helping lift the benchmark FTSE MIB index 1.08% higher to 19,132 points.

For several weeks now, I have earmarked late last week as the period when most of my indicators would reach an overbought reading on both a short and an intermediate-term basis. That is still the case.

David Samra, the award-winning stock picker, is boosting cash holdings close to their limit in a market he sees as lacking buying opportunities. Samra, who oversees about $55 billion for Artisan Partners, says he increased cash to about 13 percent of his international fund, near the 15 percent maximum, as equities around the world extend rallies after Donald Trump’s election.

David Samra, the award-winning stock picker, is boosting cash holdings close to their limit in a market he sees as lacking buying opportunities. Samra, who oversees about $55 billion for Artisan Partners, says he increased cash to about 13 percent of his international fund, near the 15 percent maximum, as equities around the world extend rallies after Donald Trump’s election.

The S&P 500 is currently trading near an all-time high, which is making it quite difficult to find companies that are trading on the cheap. However, if you’re willing to turn over a lot of rocks, you’ll find that there are still ahandful of stocks out there that are trading for dirt-cheap prices.

What’s the S&P 500 going to do in 2017? It’s a question we’d all love the answer to, as it can inform financial decisions we make throughout the year. If it’s going to drop, for example, we might want to sell some or many holdings now.