|Day's Range||2,791.69 - 2,804.53|
|52 Week Range||2,417.35 - 2,872.87|
Asian shares were lower on Monday after data from China showed the world's second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-U.S. trade war. Official data released Monday showed China's economy grew 6.7 percent in the second quarter of 2018, in line with market expectations, and cooling a bit from the 6.8 percent growth registered in each of the previous three quarters. More worryingly perhaps, the data also showed slower-than-expected growth in China's industrial output.
Trade fears have slammed markets around the world, but U.S. stocks are rising as strong profits and spending lead investors to overlook the risks of a downturn. The S&P 500 and Dow Jones Industrial Average have gone up all but one day since the U.S. and China imposed tariffs on $34 billion of each other’s goods on July 6. The S&P 500 is now up 4.8% for the year.
Asian shares were lower on Monday after data from China showed the world's second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-U.S. ...
Wall Street investors find themselves facing off with a bull of their own, one that is in its ninth year and, despite being beset by a cavalcade of concerns, appears on the verge of resuming the second-longest run since WWII.
Carol Schleif, deputy chief investment officer at Abbot Downing, discusses the current state of markets, the trade war with China and the outlook for the S&P 500. She speaks on "Bloomberg Daybreak: ...
Asian shares traded lower in Monday trade, shrugging off gains seen stateside. Gains in stocks last week came amid a perceived easing in trade rhetoric between the U.S. and China. China second-quarter GDP growth came in at 6.7 percent, meeting expectations.
Asian stocks will likely start the week in a mixed fashion as traders assess the sustainability of last week’s relief rally ahead of a slew of Chinese economic figures.
Look to the stock market and you’d assume Wall Street was doing just fine. It’s all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul . This market is in the “biggest bubble in the history of mankind,” and when it bursts, it could cut the stock market in half, he told CNBC’s “ Futures Now ” Thursday.
China’s sovereign wealth fund has expressed a desire to invest in the domestic market as stock valuations have hit multiyear lows, underscoring how coming home may bring it new opportunities to boost returns. The $941 billion China Investment Corp. wants permission to invest in local shares and bonds, and has laid the groundwork for an application to the central government, people with knowledge of the matter said. While it remains unclear if top leaders will grant approval, the potential move by the Beijing-based investor would add an engine of growth to complement an overseas portfolio that posted record returns last year.
Based on last week’s price action and close at 2803.25, the direction of the September E-mini S&P 500 Index is likely to be determined by trader reaction to a pair of Gann angles at 2793.00 and 2789.25. Basically, there is plenty of room to the upside with resistance staggered if buyers can sustain the rally over 2793.00 this week. Falling back under 2755.25 will be the first sign of a shift in momentum to down.
Is Trade War Really A Good Thing For The US? The uncertainty surrounding the trade war between the U.S. and China has eased recently after the two world largest economies have signaled their intention to sit at the negotiation table. In addition, investors also started to realize that the effects of tariffs have substantially exaggerated.
Investing.com - Geopolitics could hang over the market in the coming week, as investors look ahead to an unprecedented meeting between U.S. President Donald Trump and Russian President Vladimir Putin on Monday.
Since recent market commentary has been focused on sectors and regions that have rocketed in the last few years, investors have been left to believe that all stocks are overvalued. Certainly, there are specific firms across regions and industries that have strong growth potential with depressed prices just waiting for investors to find them. Yes, MLPs took a huge hit from mid-2014 through early 2016 as oil prices tanked to about $25 a barrel from over $100 over that period.
With just over 5 percent of S&P 500 companies reporting thus far, earnings growth is up 16.37 percent. U.S. import prices fell the most in more than two years in June. U.S. consumer sentiment hit a six-month low as tariff worries more than doubled, dampening optimism over the economy. The preliminary data showed that consumer sentiment fell to 97.1, its lowest level since January. The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. Finally, Atlanta Fed President Raphael Bostic said Friday he favors one more interest-rate hike this year, given current economic conditions.
The S&P 500 rallied during the week, slamming into the 2800 level on Friday. It looks as if this is a market that will try to break out above there, and then perhaps reaching towards the upside. Short-term pullbacks could be buying opportunities based upon value.
The S&P 500 initially tried to break out to the upside and above the 2800 level premarket hours, but then we pulled back towards the 50 EMA on the hourly chart. As I record this though, it looks like we are ready to continue going higher.
More than half a century has passed since the then French finance minister and future president Valéry Giscard d’Estaing complained that the US enjoyed an “exorbitant privilege”. Now that exorbitant privilege is morphing into what might be called a “highest level of special privilege”. Donald Trump has spent the week travelling through Europe and the UK like a political wrecking ball.
U.S. stocks climbed Friday and posted weekly gains, as a solid start to the corporate earnings season helped investors brush aside fears about a global trade rift. Stocks have shown resilience in recent weeks, even as the U.S. and China have ramped up punitive trade measures on each other that some analysts fear could hurt global growth. The S&P 500 dipped midweek after the White House said it would assess 10% tariffs on an additional $200 billion of Chinese goods—although it then rebounded Thursday as technology shares rallied.
William Priest: The outlook for earnings and dividends is excellent this year. There will be a substantial increase in earnings, due in part to the corporate tax cuts enacted late last year. With regard to dividends—whether paid in cash or through stock buybacks—this will be one of the best years ever.
Barron’s: What awaits investors in the second half of the year? Mario Gabelli: The markets over the balance of the year will be shaped by four Ts. The first is tariffs. The global economy is $86 trillion. ...
The Dow Jones Industrial Average gained more than 100 points today and had its best week since June 8. •...and wonder why Mattel (MAT) was the S&P 500's worst performer. Hooray for tariffs! How else to respond to a week that saw the Trump administration announce tariffs on another $200 billion in Chinese goods, only to see the market rally this week, and rally hard?
Jul.15 -- Carol Schleif, deputy chief investment officer at Abbot Downing, discusses the current state of markets, the trade war with China and the outlook for the S&P 500. She speaks on "Bloomberg Daybreak: Asia."