79.14 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||78.75 x 46000|
|Ask||79.50 x 3000|
|Day's Range||79.13 - 79.25|
|52 Week Range||78.30 - 82.71|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.05%|
The demand for gold in India (INDA) fell 7.0% in the second quarter, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars.
The unemployment rate for July fell 0.1% sequentially to 3.9%—its lowest point in nearly 18 years. Another highlight of July’s unemployment data was that the unemployment rate for the least educated US workers fell to 5.1% in July, the lowest since the government started collecting data in 1992. While the other elements of the US (VOO)(SPY) jobs report have picked up pretty much according to the economists’ expectations—or as Federal Reserve would like—wage growth has not shown as much acceleration.
This Week in The Economy Tuesday August 7: Foreign exchange reserves in Japan. Not too much attention generally paid to this one, but Japan is the second biggest foreign holder of US treasuries. Let’s see if the recent increase in supply has had the Japanese sell some on net. Wednesday August 8: Chinese inflation, last […] The post Market Morning: Economic Menu, Fed’s Bullard Says Remove All Tariffs, Iran Sanctions Tuesday appeared first on Market Exclusive.
What Will Financial Markets Look for in July's Jobs Report? The greatest conundrum in the whole jobs report remains the wage growth. Despite the historically low-level unemployment, wages haven’t picked up like they should have.
What Will Financial Markets Look for in July's Jobs Report? The unemployment rate for June increased to 4.0% from a low of 3.8% in May, which was an 18-year low. The unemployment has grown because ~600,000 workers joined the workforce.
A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold (GLD) (IAU) is undervalued. About 17% of them said gold was trading below its actual market worth, and 25% said oil (USO) is overvalued.
A yield curve tracks the yields of Treasury securities maturing at different time periods. The narrowing of the difference between these yields is usually referred to as the “flattening of the yield curve.” The more concerning thing is when the yield curve (BND) inverts, which means that the yields on shorter duration securities increase those on the longer-term securities. The inversion of the yield curve has been a good indicator of an upcoming recession in the past.
Vanguard has long had a well-deserved reputation for offering some of the most inexpensive index funds and exchange traded funds and the firm's 77 ETFs have been available to clients without commissions, but Vanguard is upping its commission-free ETF status in significant fashion. In a statement Monday, the fund giant said it will offer nearly 1,800 ETFs to its clients on a commission free basis, including funds from major rivals such as iShares, State Street Global Advisors (SSgA) and Charles Schwab. The commission-free ETF arena is chock full of competition, including Fidelity, E*TRADE and Chalres Schwab.
The US Fed has clearly communicated its intentions to continue the rate hike path at the June monetary policy meeting, as the US economy continued to expand. The US Fed hiked interest rates by 25 basis points at that meeting and left the doors open for two more hikes in 2018. Rising interest rates increase the cost of owning a home for prospective buyers, but the impact hasn’t yet been felt by the housing (XHB) markets, as the recent economic data continues to paint a rosy picture for the housing sector.
The US bond market continued to rebound as trade tensions and the limited appreciation in equity markets pushed demand for bonds higher, depressing the bond yields for a second consecutive week. Bond investors seem to be questioning the US Fed’s enthusiasm for higher rates as bond yields continued to retreat. There weren’t any major market-moving economic data releases last week, which could have led to the fall in bond yields.
The average weekly unemployment claim numbers are used as one of the forward indicators in the Conference Board LEI (Leading Economic Index). Low unemployment levels can indicate that the economy is performing at an optimal level. Recent reports indicate that unemployment levels in the US are moving toward multidecade lows.
The Conference Board Leading Economic Index (or LEI) is a monthly economic series that helps track any changes to the US business cycle. The Conference Board is an independent business membership and research institute that prepares these reports for different economies. In this series, we’ll analyze the changes to the LEI and assess whether the economic model is signaling any changes to the US business cycle.
There is one economic measure at China’s dispense that could force the Trump administration to back away from its aggressive trade policy. This measure could dangerous, and not just for the United States, but for the global financial system.
President Trump’s imposition of tariffs on China (MCHI) and key allies has rattled the markets (DIA) across the globe. China is the largest holder of US Treasuries (TLT). In March and April, several foreign governments reduced their US debt holdings—including T-bills—by $47.6 billion.
There’s a reason why money continues to flow into exchange-traded funds (ETFs) and other indexed products. Passive and indexed portfolios take the guesswork out of market-timing decisions because index funds own all the stocks within a certain market segment. Buying index funds on a regular schedule and sticking to that plan is one of the best things you do for your portfolio.
Vanguard, the second-largest U.S. issuer of exchange traded funds, said it is changing the listing venue for the Vanguard Total Bond Market ETF (BND) to Nasdaq from the New York Stock Exchagne (NYSE). BND, one of the largest fixed income ETFs in the U.S., will make the switch on or about July 26. “By moving BND to Nasdaq, Vanguard aims to achieve certain benefits, including trading and liquidity synergies among its suite of total bond market ETFs,” according to a statement from Pennsylvania-based Vanguard.
E*TRADE Financial Corporation today announced it has surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its Commission-Free ETF Pr
VALLEY FORGE, Pa., June 20, 2018 /PRNewswire/ -- Vanguard today announced plans to transfer the listing of the $36.7 billion Vanguard Total Bond Market ETF (BND) from NYSE Arca to Nasdaq on or about July 26, 2018. Until that time, Vanguard Total Bond Market ETF will continue to trade on NYSE Arca. By moving BND to Nasdaq, Vanguard aims to achieve certain benefits, including trading and liquidity synergies among its suite of total bond market ETFs.
When it comes to investing in ETFs, various investors are acclimated to using different metrics, fundamental or technical, when it comes down to screening for those with the best returns. One aspect that ...
The US bond market had a limited reaction to the Fed’s 25-basis-point rate hike and the 0.20% increase in interest paid on excess reserves. The spread between the US two-year and ten-year bonds narrowed to 36 basis points, which led to a further flattening of the yield curve in the previous week. The Vanguard Total Bond Market ETF (BND), which tracks the performance of the bond markets, rose 0.06% for the week ended June 15 and closed at 78.92.
The US Bureau of Labor Statistics releases a monthly report that tracks price trends in wholesale markets. The PPI (producer price index) is constructed using the inputs of a monthly survey of industries in the manufacturing sector (XLI). The survey consists of questions that determine changes in raw materials prices, production levels, and finished goods.
To begin with, the Fed is widely expected to announce an interest rate hike of 25 basis points at the end of its two-day meeting on Wednesday. Bulls and bears may debate on whether the Fed is likely to increase rates two more times after the June rate hike. During the Fed’s May meeting, the inflation (TIP) target was described as “symmetric,” suggesting that the 2% target would not be used to initiate any dramatic changes to US monetary policy.
With the unemployment rate at a low 3.8%, rising wages and a healthy inflation level, the markets are poised for another rate hike by the Federal Reserve. The federal funds rate is currently in the range of 1.5% to 1.75%, but an increase of a quarter of a percentage point is expected, but not guaranteed. On Wednesday, the Federal Reserve will release the most recent economic forecasts, which could hint at additional hikes.