|Bid||436.05 x 900|
|Ask||436.12 x 800|
|Day's Range||432.63 - 436.18|
|52 Week Range||349.53 - 461.88|
|PE Ratio (TTM)||21.88|
|YTD Daily Total Return||13.86%|
|Beta (5Y Monthly)||1.00|
|Expense Ratio (net)||0.03%|
The market is currently in a compelling state, likened to a tightly stretched rubber band with equal pressure from both sides, despite consumer discretionary stocks (XLY) having achieved gains of over 20% since the beginning of the year. This was discussed on Monday by Seana Smith and Brad Smith, who invited Dylan Ratigan, host of TastyTrade's Truth or Skepticism, to join them.
Pablo Hernandez de Cos, a member of the European Central Bank's (ECB) Governing Council, stated on Monday that keeping current borrowing costs stable could help Euro-area inflation align with the ECB's 2% target. This strategy is designed to strike a balance between avoiding insufficient tightening, which may obstruct reaching the inflation goal, and excessive tightening that could potentially harm economic activity and employment.
The U.S. federal government could face a shutdown on October 1, if politicians fail to reach a budget agreement. This impending situation could cause temporary economic damage due to reduced consumer confidence and interruptions in defense and healthcare spending. However, the impact is expected to be short-lived, as previous shutdowns have typically lasted only a few days and most employees have received back pay.