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Do stock-market bulls need a timeout? One chart watcher argues that the rally that’s seen the S&P 500 roar back from the verge of a bear market to the cusp of its all-time highs has left the stock market looking tired.
For the entire month of April, the S&P 500 Index (SPX) did not rise or fall more than 1% on any given day. Also intriguing, since March 26, the S&P 500 gapped higher at the open 15 of 17 days. The CBOE Volatility Index (VIX) also has been drifting lower.
Wall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks ago.
There’s a lot of concern that the U.S. economy experienced an “inverted yield curve” on Friday. That’s when the interest rate on short-term Treasurys, such as 3-month bills (BX:TMUBMUSD03M) or 2-year notes (BX:TMUBMUSD02Y) is higher than on longer-term debt, such as 10-year notes (BX:TMUBMUSD10Y) or 30-year bonds (BX:TMUBMUSD30Y) It’s rare for short-term instruments to pay more than long-term ones.
One of the hardest things for investors to learn is just how unpredictable the stock market can be. It’s easy to see what’s happening now, compare that with what has happened recently, decide you see a trend and conclude that the trend will continue.
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
It’s Easter, which means it is time for children to hunt for jelly beans and chocolate bunnies. Candy has always been a good business, but how good is it?
Jeff Jonas of Gabelli talks about a closed-end fund that invests in the health-care and consumer staples sectors.
The stock market is risky—even when it is going in the right direction. Investors were reminded of that during the fourth quarter of 2018, when the Dow Jones Industrial Average and S&P 500 nearly suffered full-blown bear markets. Portfolio managers measure the “value at risk” of their portfolios, using recent volatility to calculate the loses they might sustain in a pullback.
The biggest U.S. banks reported first-quarter earnings this past week, and their tone was uniformly optimistic. While there’s been no shortage of commentators and prognosticators forecasting a looming economic recession, big banks’ leaders told investors they see no signs of one on the near horizon. Executives from (BAC) (BAC) and (USB) (USB) both called the U.S. economy “solid” on their earnings calls.
Not surprisingly, the index is starting to look a little stretched in recent sessions, and with it has come a quite violent dispersion in sector performance. The former has also been destabilized by talk of Medicare for All in the “pre-primary promise” season, which has led to a surprisingly swift decline given the overall environment, taking the sector’s relative performance down to a six-year low against the SPX index. April 18: The economy is doing just fine, according to recent earnings reports out of some of the nation’s largest banks.
Investors have embraced a range of defensive strategies, from low-volatility funds to defensive growth stocks to old-fashioned cash. Buyer beware.
The Partners III Opportunity Fund's Institutional Class returned +19.48% in the first calendar quarter compared to +13.65% for the S&P 500 and +14.04% for the Russell 3000. For the fiscal year ended March 31, the Partners III Opportunity Fund's Institutional Class returned +11.25% compared to +9.50% for the S&P 500 and +8.77% for the Russell 3000. Warning! GuruFocus has detected 5 Warning Sign with INS.
A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.
The S&P 500 did very little during the trading week, as Friday was a holiday. The volume is very low, and of course we are in the middle of earnings season. Beyond that we are at the top of the market, and of course there is a lot of resistance above.
The S&P 500 fell slightly during the Thursday session and then turned around to recover the losses. Obviously with Friday being Good Friday, the underlying index wasn’t trading.
Forget Tiger Woods. On Wall Street, Bill Ackman is attempting a comeback for the ages — perhaps by reverting to investing basics.
A strong dollar has weighed on gold prices. An ETF strategist lays out the case to swap the precious metal for China A-Shares and energy stocks.
Investors have all but abandoned sectors considered defensive in favor of cyclical stocks that perform better during periods of healthy growth.
BlackRock Inc. Chief Exeuctive Larry Fink says that with stocks knocking on the door of record highs, a surge to the upside appears more likely than a market collapse
MARKET EXTRA Major U.S. exchanges will be closed on Good Friday, while the most-watched European markets will be closed on both Good Friday and Easter Monday. Good Friday is a Christian holiday that commemorates the crucifixion of Jesus Christ, while Easter Monday is the Monday following Easter Sunday, which celebrates Christ’s resurrection.
Bears worry about valuations, profit margins, the length of the economic expansion, and the lack of flows. They may be overstating the problem.
For investors, though, it’s a dream come true. The Dow Jones Industrial Average gained 147.24 points, or 0.6%, to close at 26,559.54, while the S&P 500 dipped 0.1% to 2905.03, and the Nasdaq Composite advanced 0.2% to 7998.06. Fears of a looming recession induced panic-selling in December and left investors wondering what had happened.
Under Armour Inc.'s North American president, Jason LaRose, will step down from his role effective April 30, 2019, the athletic company announced in a filing. Patrik Frisk, Under Armour's chief operating officer, will head up the North American business on an interim basis. Under Armour is scheduled to announce first-quarter earnings on May 2 before the opening bell. Under Armour shares have gained 8.2% over the last three months roughly in line with the S&P 500 index , which is up 8.8% for the period.