|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||48.38 - 49.04|
|52 Week Range||33.86 - 54.49|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.94%|
Yee-haw! If you’re a Cowboy-type investor, then you’re probably looking to ride this crazy bull market till you get tossed. That’s my ridiculous way of saying that this bull market continues to blaze along, despite it being very long in the tooth. It is the second most expensive market in history, and is about 30% overvalued.
With sweater weather coming up and everyone back in school, it’s a great time to reexamine your investment strategy through the end of the year.
Summer months have a tendency to be unfavorable for the stock market. Empirical evidence has shown that average returns for the S&P 500 are negative during summer months.
New York Fed President Bill Dudley will be retiring in mid-2018. Last week, President Trump nominated Jerome Powell to be the next Fed chair after Janet Yellen steps down at the end of January. Yahoo Finance's Alexis Christoforous and Jared Blikre discuss how might this affect markets, especially as the New York Fed is in charge of winding down the Fed’s $4.5 trillion balance sheet.