|Bid||238.460 x 1000|
|Ask||238.520 x 700|
|Day's Range||238.090 - 240.842|
|52 Week Range||203.640 - 265.930|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
After the Federal Reserve’s rate hike of 25 basis points on March 21, 2018, another key event impacted the major US indexes. On March 22, 2018, President Trump announced the imposition of retaliatory tariffs on up to $60.0 billion on China’s imports. The SPDR S&P 500 ETF (SPY), the SPDR Dow Jones Industrial Average ETF (DIA), and the PowerShares QQQ ETF (QQQ) fell ~2.5%, ~2.9%, and ~2.5%, respectively, on the day.
Key market index funds were higher Friday as the Dow Jones industrials led on big gains from Nike and Boeing.
The Federal Reserve raised its key interest rate by 25 basis points in its March 2018 monetary policy review meeting and also raised its GDP forecast in that meeting. It said, “The economic outlook has strengthened in recent months.” Earlier, the committee said, “economic activity has been rising at a moderate rate.” In the present situation, the economic activity is accelerating with the help of improving consumer spending and corporate spending. It will also add more value to US economic growth.
President Donald Trump implemented a new round of tariffs on imported Chinese goods. What Happened The Trump administration is imposing up to $60 billion of new tariffs on imported Chinese goods in response ...
The markets did very well in January until all four major averages hit new all-time highs on January 26. However, the ensuing market correction in early February instilled fear into the markets that hasn’t been seen in quite some time! Could this have marked the peak of the bull market?
We do anticipate plenty of reportage on this meeting of the Federal Open Market Committee (FOMC), even as the markets have long baked-in a quarter-point hike.
In the last two articles, we learned that billionaire investor Richard Bernstein is concerned about the inflationary situation and income-oriented strategies. The economic cycle generally goes through three different phases: early cycle, mid-cycle, and late cycle. In such a scenario, the implementation of tariffs could create more concern for income-oriented investors.
With all this in mind, disciplined investors who focus on fundamental data and treat noise appropriately are likely to be rewarded in our current market and economic environment.
On March 14, 2018, Richard Bernstein, billionaire investor and CEO and CIO (chief investment officer) of Richard Bernstein Advisors, shared his view on tariffs, inflation, and income in his March 2018 insights report. After President Donald Trump’s announcement about import tariffs on steel and aluminum on March 1, major US indexes such as the SPDR S&P 500 ETF (SPY), the SPDR Dow Jones Industrial Average ETF (DIA), and the PowerShares QQQ ETF (QQQ) fell 1.3%, 1.7%, and 1.3%, respectively, on the day.
According to data provided by the U.S. Bureau of Labor Statistics, the US Consumer Price Index, or the inflation index, rose 0.2% in February compared to a 0.5% rise in January 2018. This inflation figure met the market expectation of a 0.2% rise. Softer improvement in the inflation index in February is mainly due to the improvement in prices for the apparel, motor vehicle insurance, and shelter indexes.
Investing is a difficult business and that's why most people under-perform the market. That said, here are three common mistakes novice investors make all the time and how to avoid them.
Volatility has picked up for the first time in years. From Q1 2016-Q1 2018, stocks steadily rallied with very little to no volatility. Since early February 2018, we have seen volatility return with a vengeance. Here are three things investors should not do in a volatile market.