|Day's Range||2,712.16 - 2,746.75|
|52 Week Range||2,532.69 - 2,940.91|
In October, investors started to get a sense of what the market will be like in 2019 — more concern, more volatility, and more talk about the end of the cycle.
The collapse in oil prices suggests that near-term economic growth has been driven by artificial stimulus, government spending, and fiscal policy which provides an illusion of prosperity
has top-tier assets, with a huge presence in the oil-rich Permian Basin. In addition, the Houston-based company has a strong balance sheet. With low operating costs, the company can support its growth plans and sustain its dividend, even with these low oil prices.
Investors have flocked for years toward Apple and a handful of other companies in the technology sector because of their ability to consistently increase sales regardless of global economic growth. A close at or below $185.65 would push Apple to the 20% decline that typically characterizes a bear market. What’s more, Apple appeared to be a safety play during much of October’s rout that erased roughly $5.5 trillion in global stock-market value.
Many on Wall Street are weathering the autumn technology rout by buying the shares of firms with slower, steadier earnings growth, the latest sign that investors largely remain sanguine about U.S. stocks despite recent reversals. Trading has turned rocky since the S&P 500 finished the third quarter with its biggest gain since 2013. Nine years into the U.S. stock rally, investors are grappling with two forces.
What does it mean that the VIX is only barely higher than average, even as the stock market is experiencing remarkable volatility? The VIX (VIX) is the CBOE Volatility Index. The VIX currently is trading around 20, only slightly higher than the historical average of 19.26.
The recent volatility in stock markets has led some investors to make major moves in their retirement plans — but they may be trading more on emotion than long-term financial goals. Daily trading activity in 401(k) plans was more than double the normal level at the end of October as the S&P 500 index tumbled, and investors moved away from equities into fixed income, according to Alight Solutions. "Rather than making a knee-jerk reaction to market swings in either direction, investors need to have an investment strategy in place that helps meet their short-and-long-term goals," Rob Austin, vice president of research at Alight.
The Real Money Post-Industrial Average -- our exclusive measure of cutting-edge companies like Apple and Facebook -- outperformed the Nasdaq during November's first half, slipping some 0.4% through Nov.
International markets are more connected than ever, and futures markets can be accessed 24/7. Preparation for the trading day ahead actually begins at the close of the market the prior day. Scott Bauer is in his office by 6:30 a.m. each trading day to start trading E-mini S&P 500 futures, among other contracts.
Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks. Wall Street has been struggling with uncertainty over U.S. congressional midterm elections, the path of interest rate hikes by the Federal Reserve, tariffs, the trade war and the possibility corporate earnings have already peaked. After an October that saw the S&P 500 (.SPX) slump nearly 7 percent, Wall Street has struggled to find its footing, rising 0.7 percent so far in November.
Based on last week’s price action and the close at 2743.00, the direction of the December E-mini S&P 500 Index this week is likely to be determined by trader reaction to the major 50% level at 2748.50.