|Day's Range||2,606.36 - 2,645.06|
|52 Week Range||2,346.58 - 2,940.91|
Investors will get a peek into the U.S. consumer’s outlook on the economy on Friday.
Belpointe Chief Strategist David Nelson says the “financials were priced for disappointment and anything on the positive side was going to cost a big rally.” Yahoo Finance’s Alexis Christoforous speaks to Nelson.
Stock ownership has gotten extremely concentrated in the U.S. with the top 1% owning half of equities held by American households.
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.
Asia stocks test one-month highs on optimism that trade talks will bear fruit, with Japan leading the charge thanks to improved risk appetite and a weaker yen. Global oil prices jump after OPEC reports the biggest monthly drop in output in two years in December as it prepped for the start of 1.2 million in agreed production cuts in 2019. U.S. equity futures indicate a modestly stronger opening on Wall Street ahead of December manufacturing data and fourth quarter earnings from Schlumberger, Sun Trust Banks and State Street.
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.
The stock and bond markets in the U.S. will be closed on Monday, Jan. 21 in observance of Martin Luther King Jr. Day. A corporate earnings season that kicked off with (GS) (GS) and other banks reporting strong results has helped. All despite a partial U.S. government shutdown that has lasted almost a month.
The gap between the market’s cheapest and most expensive stocks has gotten so wide, it might finally be time for value to shine.
Stocks rose in Europe and Asia on Friday alongside U.S. equity futures, building on the recent rally in risk assets amid further optimism for trade talks between America and China. Gains in banks and oil producers helped lift the Stoxx Europe 600 Index after markets in Hong Kong and Shanghai led advances in Asia. U.S. equity futures rose after the S&P 500 Index on Thursday exceeded its 50-day average for the first time since early December following a Wall Street Journal report that Treasury Secretary Steven Mnuchin proposed easing China tariffs.
Global stocks rose to their highest in more than a month on Friday after a report suggested progress towards resolving the trade dispute between the United States and China. The Wall Street Journal reported on Thursday that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30.
February, by contrast, proved hugely disruptive when the VIX staged a violent spike, roiling traders of all stripes. Now, the question is whether the VIX will clock in at relatively muted levels if stocks take a downturn, a phenomenon that hit arbitrage strategies at the tail end of last year. December’s implied volatility proved too low for traders selling S&P 500 puts while buying VIX futures, according to Grant Melson at Houndstooth Capital Management in Austin, Texas.
There will be industrial production figures out at 9:15 a.m. ET and consumer sentiment numbers due at 10:00 a.m. ET. Money managers were also following U.S. politics as the government shutdown continues into its 28th day. U.S. stock index futures pointed to a higher open on Friday morning as investors digested reports that the Trump administration could reduce tariffs imposed on China.
JPMorgan Chase & Co. Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filing. The CEO earned a base salary of $1.5 million and $5 million in cash, the same as a year ago, and $24.5 million in restricted equity, according to a filing with the U.S. Securities and Exchange Commission. Mr. Dimon, who has run the bank since late 2005, was the highest paid banking and finance chief executive in the S&P 500 in 2017.
By Caroline Valetkevitch NEW YORK (Reuters) - Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened ...
Wall Street’s wild ride has shined a light on a segment of the stock market that is often forgotten: midcap stocks. Considered less risky than their small-cap counterparts, midcaps—which typically have a market capitalization between $2 billion and $10 billion—are now less expensive than smaller and larger peers after the stock market’s punishing fourth-quarter selloff. “Midcaps are the orphaned index,” said Mark Fried, president of TFG Wealth Management, which has $100 million in assets under management.
Bank of America Corp.’s wealth-management business did what its Wall Street rivals couldn’t during a wild fourth quarter: It grew its revenue. For the parent of Merrill Lynch and U.S. Trust, wealth-management revenue rose 7% to $4.99 billion from a year earlier. Wealth-management head Andy Sieg said the result represents the highest quarterly revenue since Bank of America bought Merrill Lynch a decade ago.
This week’s annual parade of bears and bulls in London showed an intriguing agreement on two points: Companies with little debt are very expensive, and cheap companies are really very cheap indeed. The back-to-back strategy conferences of Société Générale and Goldman Sachs often appear to be a bearfest and bullfest. Strategist Albert Edwards at SocGen reprised his role as a permabear, setting out a vision of a catastrophic future featuring recession, a Chinese hard landing and Italian threats to the euro leading to unprecedented negative yields on 10-year U.S. Treasurys.