167.04 -0.48 (-0.29%)
Pre-Market: 9:17AM EST
|Bid||167.46 x 1000|
|Ask||167.23 x 1200|
|Day's Range||167.18 - 168.62|
|52 Week Range||144.25 - 170.56|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||0.99%|
|Beta (5Y Monthly)||1.17|
|Expense Ratio (net)||0.19%|
Small-cap ETFs have been beating the S&P 500 this year, thanks to a more compelling valuation, decent U.s. economic growth momentum, a dovish Fed and easing trade tensions.
The label was unceremoniously placed on China by the U.S. Treasury Department last August amid escalating trade tensions between the two countries. This bit of market-positive news on the U.S.-China trade front comes just as volatility stemming from political and military conflict between the U.S. and Iran within the past week has cooled. Although geopolitical and trade risks certainly remain, the significant easing of tensions for the time being has propelled substantial market moves.
Data on the phenomenon dubbed the Santa Claus rally suggests that an annual market anomaly might be profitably exploited. A useful set of rules for doing so includes considering a stop-loss level and having a plan for what to do if the trade is neither profitable nor stopped out at the end of the six days.
Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities, argued that few on Wall Street anticipate a 2020 bear market, and participants seemed unfazed by short-term uncertainties like President Donald Trump's impeachment or the ongoing trade talks, Reuters reports. Alternatively, Steven Chiavarone, a portfolio manager of the Federated Global Allocation fund, argued that investors may see better returns by looking into smaller companies in the new year. For example, investors can consider something like iShares Core S&P Small-Cap ETF (IJR) , which tracks the S&P Small-Cap 600 Index; the iShares Russell 2000 ETF (IWM) , which tracks the benchmark Russell 2000 Index; and Vanguard Small Cap ETF (NYSEArca: VB) , which tracks the CRSP US Small Cap Index.
Even with stocks continuing to dance around record territory, investors aren’t just cautious, they’re “scared to death” of what’s next, and that’s great news for those hoping to keep riding this aging bull market well into 2020, according to Jeff Saut, chief investment strategist at Capital Wealth Planning.
The S&P 500, the Nasdaq and the Russell 2000 are on their way to record the best year since 2013, boosting the related ETFs. Will the rally last in 2020?
Technically speaking, the major U.S. benchmarks have taken flight, concurrently tagging record highs amid still conspicuously muted mid-December selling pressure, writes Michael Ashbaugh.
Joining Yahoo Finance's Myles Udland is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the price action in the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) as well as Take-Two Interactive (TTWO).