|Day's Range||2,647.58 - 2,675.47|
|52 Week Range||2,346.58 - 2,940.91|
Some of the bearish advisers I monitor are worried that it might be, on the grounds that volume is a leading indicator and New York Stock Exchange trading volume has been trending lower. As you can see from the chart below, the five-day moving average of NYSE volume currently is a third less than where it stood in mid-December. To be sure, measuring the impact of lower trading volume is anything but straightforward, since trading volume has grown steadily over the years.
Vanguard founder Jack Bogle, who died this week at the age of 89, has been rightly celebrated as one of the most important innovators in the history of capitalism, upending Wall Street retail brokerage and the mutual fund industry. Bogle's winning bet that the average market return would beat most active managers includes an important, if counter-intuitive lesson about success: the path to it does not always mean you have to spend more, or stretch. If Vanguard Group founder Jack Bogle, who died this week at the age of 89, represented the pinnacle of American success, his success is one that includes a counter-intuitive lesson.
Investing.com - Trade rhetoric could hang over the market in the coming week, as investors watch further developments surrounding the ongoing trade spat between the U.S. and China.
The Trump administration said that new estimates show the cost of the government shutdown will be twice as steep as originally forecast. The original estimate showed that the partial shutdown would subtract 0.1 percentage points from growth every two weeks. That estimate has now been doubled to a 0.1 percentage point subtraction every week.
Investors might not be able to ignore a partial U.S. government shutdown if it continues much longer, analysts say.
U.S. stock and bond markets on Monday will be closed in observance of the Martin Luther King Jr. holiday, providing a natural pause after a bullish tilt on Wall Street to start 2019.
Late Friday, President Donald Trump said he will make a “major” announcement on Saturday about the border and ongoing government shutdown. China offers to increase its annual import of U.S. goods by a combined value of over $1 trillion.
Larry Fink, CEO of world’s largest asset management firm, BlackRock Inc., says that the stock market has probably put in a bottom but that for sentiment to take off the U.S.’s spat with China on trade needs to get resolved.
Small-cap stocks, as gauged by the Russell 2000 index (RUT) , are off to their best start to any year in the past 32 years, boasting a gain of 8.8% over the past 12 trading sessions, according to Dow Jones Market Data.
Weijian Shan says that reducing the trade deficit will be more complicated than the Trump administration hopes.
President Trump in comments Saturday said stock-rallying reports this week that trade talks with China would include the lifting of tariffs against the world's second-largest economy weren't true. The president referred to those tariffs as "sanctions" on Saturday. "Things are going very well with China and with trade," he said to reporters. "There were some false reports about sanctions being removed. We have taken in tremendous amounts of money into the United States because of the sanctions and we'll see how it goes. And if we make a deal, certainly we wouldn't have sanctions...," he said, expressing general optimism for progress. The Wall Street Journal reported Thursday, citing people familiar with the matter, that the idea of lifting tariffs in part or whole was proposed by Treasury Secretary Steven Mnuchin in a series of strategy meetings. The report added that U.S. Trade Representative Robert Lighthizer is concerned that any concession could be seen as a sign of weakness, however. Trade issues have been cited as the biggest headwind for stocks rallying in 2019 and the reported tariff removal pushed stock averages to session highs Thursday when the headlines hit.
Companies with market values of $2 billion to $10 billion are selling at cheaper valuations than large-caps and small-caps.
The fourth-quarter earnings growth estimate for the S&P 500 companies has improved slightly in the past week, but was still less than half the average of the first three quarters of the year, and the growth outlook has slowed.
After witnessing the bottom fall out of the S&P 500 in the worst December since the Great Depression, investors are likely to ask less of U.S. companies as they disclose fourth-quarter results. With a little more than 10 percent of company reports already on the books, stocks have risen about 1 percent on average the day after reporting, according to data compiled by Bloomberg.
These bits of wisdom from Warren Buffett, Colin Powell, John Bogle, and others can set you on a straighter path toward financial security.
Intel Corp (INTC.O) operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors. Apple (AAPL.O) rattled global markets this month when the iPhone maker cut its revenue outlook for the first time in 15 years, blaming factors like the U.S.-China trade dispute and a slowdown in the Chinese economy. Upcoming quarterly scorecards from Intel, Texas Instruments (TXN.O) and other chipmakers, as well as Ford Motor Co (F.N), will shed light on whether Apple made a convenient excuse for its own troubles or revealed a strengthening headwind faced by global companies that rely on China for a big chunk of their sales.
Although last week started with the focus on corporate earnings, the news primarily responsible for most of the gains were the Chinese government’s efforts to stimulate the domestic economy and reports that China is willing to make an effort to reduce its trade surplus with the United States in an effort speed along the process of achieving a trade deal in a timely manner.
Tesla plans to cut 7% of its full-time workforce as the firm tries to maintain profitability while lowering the price of its Model 3. U.S. stocks rose amid subsiding fears about an economic slowdown.
Jack Bogle’s passing this past week occasioned a rightful outpouring of tributes to the founder of Vanguard Group and the inventor of the low-cost mutual fund. Bogle, who died on Wednesday at 89, launched a revolution in investing, based on the belief that most investment managers can’t beat the market over time. It might seem a touch ironic to feature 10 stockpickers on the heels of such praise, but Barron’s has always applauded diverse approaches to investing, including active management.
Here are the stock picks of Jeffrey Gundlach, CEO and CIO at DoubleLine Capital in Los Angeles. Barron’s: Jeffrey, give us your best ideas, please. Jeffrey Gundlach: I do things a little differently, being a nonstockpicker guy.
Furthermore a pause by the FOMC would still keep interest rates at current levels and the balance sheet on its downward trajectory, while a trade deal with China is still very unlikely to restore relations back to where they were, particularly in the key technology sector, where flashpoints over national security and intellectual property look likely to linger. At CFRA, we started with a look at the driver of the last downturn—households.