|Day's Range||2,833.73 - 2,855.63|
|52 Week Range||2,417.35 - 2,872.87|
Inc. have surged this year, driving the stock market higher but also pushing valuations to what some investors consider worrisome levels. The valuation of the average stock in the S&P 500 is now in the 97th percentile of historical levels, according to Goldman Sachs Group Inc., which analyzed 40 years of market pricing and valuation data. The valuation level is thanks in large part to the rise of highflying tech stocks.
Maybe we shouldn’t be judging investment advisers according to whether or not they can beat the market. How to tell the difference between a market crash and a correction Words like market 'selloff', 'crash', 'meltdown', and 'correction' have been bandied about by traders and analysts in ways that can make investors cringe.
As if global trade spats weren’t exciting enough, August has defied its sleepy reputation to bring investors a taste of an old-fashioned currency crisis in Turkey.
Volatile tech may not be best for every retiree. For some retirees though, working around the volatility may prove to be worthwhile. "While it's unlikely that we would recommend anyone, retired or otherwise, to place all their bets on tech or any sector, there are certainly circumstances where technology for a retiree could still make perfect sense, particularly as part of a well-diversified portfolio," said Jane Leung, managing director and CIO of Scenic Advisement.
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Outstanding gains in Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) have underpinned much of the U.S. stock market's rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500 technology index (.SPLRCT) is up 16 percent in 2018, making tech Wall Street's top performer.
One positive that can be taken from last week’s events is that sometimes it is necessary for an event to come along and drive stocks back into value areas. Too often, bull markets sputter along near all-time highs because of limited buying. However, profit-taking and position-paring is often necessary to bring prices into areas that are attractive to new buyers. It’s this new capital that then drives stocks to new highs.
US stock markets have been an absolute mess over the last several sessions but look as if they are going to finish the week showing signs of strength again. The previous week was a shooting star, and this week looks to be a hammer. What does this mean? More questions than answers, but it certainly looks as if only the foolish come in and short this market right now.
The US stock markets fell a bit during the day on Friday initially, but continue to find support around previous levels that had offered resistance. Because of this, and the fact that the weekly candle stick is starting to look very much like a hammer, I remain positive.
Investors are desperate for income. With yields still low and interest rates on the rise, advisors say it’s critical to start thinking differently about how to balance immediate income needs with long-term portfolio preservation. “This is a hard time to generate investment income in the usual ways,” says Randy Carver, president of Carver Financial Services in Mentor, Ohio.
Investing.com - The Dow closed sharply higher on Friday as traders cheered reports that plans were afoot for a meeting between President Trump and Chinese counterpart Xi that could pave the way for an end to the trade war.