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Chances of a phase-one U.S. China trade deal is likely to be the main focus of investors before mid-December. Bet on dividend ETFs to steer clear of the uncertainty
Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton.
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U.S. markets and stock ETFs slid Monday after an update on the manufacturing sector and a new round of trade concerns weighed on investors. On Monday, the SPDR Dow Jones Industrial Average ETF (DIA) dropped 0.7% while the SPDR S&P 500 ETF (SPY) fell 0.6%. Trade was brought back to the forefront of concerns after President Donald Trump said on Twitter that he would reinstate tariffs on steel and aluminum imports out of Brazil and Argentina, arguing that the two countries weakening currencies were a major contributing factor, the Wall Street Journal reports.
Current market optimism, trade developments, upbeat oil prices and easing growth tensions are pointing toward a solid year-end rally. Play these top-ranked ETFs and stocks.
Despite occasional trade tensions, U.S. equity gauges have added solid gains this year. But these sector ETFs handily beat the soaring broader market.
U.S. markets and stock ETFs rose Tuesday as comments on trade and positive updates from a number of companies helped fueled optimism. On Tuesday, the Invesco QQQ Trust (QQQ) was up 0.2%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.1% and SPDR S&P 500 ETF (SPY) rose 0.1%. “When you take a look at all the (trade) comments that have come out, the markets have reacted a little bit to it, but it certainly creates a positive bias,” Paul Nolte, portfolio manager at Kingsview Asset Management, told Reuters.
There are two pieces of news on the U.S.-China trade deal for investors to know today. First, China is promising more protection for intellectual property. Second, despite contradictory media reports about a trade deal, there is some credibility to Gao Lingyun, an expert who is apparently close to the trade talks, saying that the “two sides have reached a broad consensus” for the first part of an agreement.
U.S. markets and stock ETFs were pushing toward new record highs Monday after an update on the U.S.-China trade negotiations revealed the two sides were nearing an agreement. On Monday, the Invesco QQQ Trust (QQQ) was up 1.0%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.5% and SPDR S&P 500 ETF (SPY) rose 0.6%. The market gains were led by trade-sensitive semiconductor stocks after a Chinese state-backed news outlet said Beijing and Washington were “very close” to an initial pact, Reuters reports.