|Day's Range||2,749.97 - 2,761.85|
|52 Week Range||2,322.25 - 2,872.87|
Next week is the beginning of a massive anti-trust case in Washington. The federal government takes on AT&T over their acquisition of Time Warner. The government sued to block the deal in November saying its bad for consumers. AT&T claims blocking the transaction is denying consumers the kinds of vertically integrated products you can get from Comcast/NBCU, Netflix, Google, Amazon, and Facebook.
With earnings season in the rear-view and the end of the first quarter looming, you’re probably asking yourself one thing right now…
For stock market investors, the coming week is likely to see the Federal Reserve move back into focus, stealing the spotlight back, at least briefly, from worries about tariffs and political turmoil.
While investors should expect continued volatility, one strategist sees upward bias in the S&P 500 over the near term.
The S&P 500 initially tried to rally during the week but found the 2800 level to be a bit too resistive to continue going higher. I think the next couple of weeks are going to be very difficult, because we are currently very choppy, and I think that longer-term traders are going to need to be very patient. If we can break above the 2800 level, the market should then continue to go much higher.
The S&P 500 and did very little during trading on Friday, as the market digested a lot of the noisy trading and headlines that we have seen lately. With this, I think that we are going to see volatility pick up, not drop. Currently, we are still very much in an uptrend, but suddenly trading has become a bit more difficult.
U.S. stocks bounced Friday but notched weekly losses, after a shaky stretch of trading renewed many investors’ fears over the course of trade policy.
This past week marks the 10th anniversary of the collapse of Bear Stearns, the storied and scrappy Wall Street firm whose end came slowly, then suddenly, after a soured bet on the subprime mortgage market. Jeffrey Gundlach was one of the few. Gundlach, CEO and chief investment officer of Los Angeles–based DoubleLine Capital, which he co-founded in 2009, and a member of the Barron’s Roundtable, doesn’t see any disasters in the offing, unmitigated or otherwise.
Outsized returns delivered by Amazon.com (AMZN.O), Netflix (NFLX.O) and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn. Amazon's 35 percent surge in 2018 has pushed its market capitalization up to $770 billion, equivalent to 3 percent of the S&P 500 and close behind Apple's nearly 4 percent share of the index. Apple (AAPL.O), Facebook (FB.O), Amazon, Netflix and Google-parent Alphabet (GOOGL.O) have grown their collective market value by more than 40 percent in the past year to $3 trillion, and they now account for a quarter of the Nasdaq Composite Index (.IXIC).
J.P. Morgan estimates that the $1.2 trillion in overseas cash will lead to historic stock buybacks this year and I believe in 2019.