|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||149.57 - 154.54|
|52 Week Range||125.81 - 173.39|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.25|
|Expense Ratio (net)||0.19%|
There isn't much working in the markets today. Chipotle Mexican Grill , YETI , US Treasuries, precious metals, utilities, and some scattered names here and there, but when decliners outnumber advancers 4 to 1, you know we're likely in for a rough ride.
For a while on Wednesday night, it looked like the very dovish Fed policy statement might produce a negative response, but the market traded straight up on Thursday as it squeezed the bears and frustrated the underinvested bulls. With the S&P 500 now at its highest level since October 10, technical conditions are extended and the market is looking harder for an excuse to justify some profit taking and consolidation. In his comments on Wednesday, Fed chair Jerome Powell, acknowledged the weakness in Asia and Europe as part of the reason behind the Fed's uber-dovish policy.
Who understands securities lending? Registered funds (by which I mean traditional mutual funds and exchange-traded funds) sometimes permit other institutions to borrow shares from their portfolios, in exchange for a fee. If you know those answers, congratulations! You understand more about securities lending than your humble columnist did before he read "Securities Lending: An Examination of the Risks and Rewards," by Morningstar's Adam McCullough.
The market is in a holding pattern as it awaits the Fed interest rate decision and policy statement at 2 p.m. ET. What is important to understand about the Fed is that it will serve as a catalyst for market movement even if there is no surprise news. Usually the time frames for the initial reaction are too short to be traded by puny, sloth-like humans but it will help to create the conditions for a bigger move that can be traded in a time frame of more than a few minutes.
The market is still highly sensitive to any news on China trade, but the focus on Wednesday will shift to the Fed. The Federal Open Market Committee will issue its interest rate decision and policy statement at 2 p.m. ET. The market is expecting confirmation of the dovish view that the Fed has embraced since the market low in December. Chairman Powell is expected to reiterate that the Fed will stay patient and not take any further action as it parses incoming economic data.
Since the mini bear/correction finished up at the end of 2018, the volatility index (VIX) has been smashed. This stunning move by the markets of rallying some 22% off the lows is remarkable. The VIX is back to the low levels we saw last summer/fall before a nasty decline ensued.
Several different indicators were set to get oversold between March 8 and Friday, March 15. Now let's look at how the indicators have fared. Warning: This young rally has much to complain about.
Small-cap underperformance and sector rotation signal trader hesitance as the S&P 500's gravestone doji warns of an end to the bounce.
Amid last week’s selloff in U.S. equities that saw the Dow Jones Industrial Average post five losing sessions in a row, the markets were even rougher for small cap stocks as the Russell 2000 posted its ...
“Global small cap stocks have had a strong 2019 so far, outperforming large caps by more than three percentage points,” said BlackRock in a recent note. As the pace of the global expansion slows, we prefer large cap equities. Small-capitalization stocks have attracted a lot of attention on the escalating trade tensions, fueled by fears over a potential slowdown in global growth.
Despite one of the best starts to the new year, stock ETF investors may not be as enthusiastic as they use to be with heightened risks in an aging bull market. According to Bank of America Merrill Lynch, a $10 billion wipeout in the market's over the past week compounded the worst start to a year for equity flows since 2008, Reuters reports. BAML analysts pointed out that just over $60 billion has been pulled out of equities this year and almost $80 billion has flowed out of developed markets.
Given the latest economic developments, investors should stash their cash in some safe investing zones. We have highlighted them and their ETFs here.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
The Russell 2000 has sold off to a three-week low after leading markets higher in the first quarter, raising odds for a broad-based correction.
There is increasing talk of new highs in the stock market. Please click here for an annotated chart of DJIA ETF (DIA) which represents the Dow Jones Industrial Average. • The second chart shows that if the Dow Jones Industrial Average (DJIA) were to continue its rise at the rate shown on the chart, it would reach 30,000 on April 5, 2019.