|Day's Range||0.0300 - 0.0400|
Last week was quite remarkable for US markets, as the S&P 500 (SPY) reached record highs. There were some key developments last week that helped make the feat possible. Donald Trump tweeted after a telephone conversation with Chinese President Xi Jinping that the two leaders would be meeting at the G20 Summit.
Warren Buffett’s performance versus the S&P 500 (SPY) is incredible if we look at their aggregate performances over the last five decades. However, the legendary investor has been underperforming the S&P 500 by a wide margin this year.
Corporate zombies, that is. Kept alive by easy-money policies, companies that should have gone out of business keep staggering around.
US President Donald Trump is reportedly considering imposing a requirement that 5G equipment used in the United States must be manufactured outside China. Just last month, Trump barred Huawei from doing business with US companies without prior approval.
Last week, US crude oil August futures rose 8.8%—the highest weekly gain for active US crude oil futures since December 2, 2016. US crude oil August futures closed at $57.43 per barrel on June 21.
Initial jobless claims fell 6,000 to 216,000 for the week ended June 15, which was below the 220,000 claims that economists had expected. This weekly decrease showed that the labor market still appears healthy overall.
Here's a look at Koch Industries and the owners, brothers Charles and David, that make up the second-richest family in America.
This was one of the most significant weeks for cannabis in recent history, as the U.S. House of Representatives voted in favor of an amendment that would stop the federal government and its agencies from interfering with legal cannabis programs, individuals and businesses in compliance with state, territorial or tribal cannabis laws. “Meanwhile, the cannabis industry isn’t waiting for regulators to catch up,” as proven by investments exceeding $1.3 billion through the first half of the year, Eneman said.
Choosing the right indicators can be a daunting task for novice traders. It’s a much easier process when they focus their effects into five categories.
U.S. markets and stock exchange traded funds continued to strengthen, with major benchmarks breaking into new highs, on hopes of renewed trade talks between Washington and Beijing after U.S. Vice President ...
Gold is outperforming stocks even when stock markets are making highs. The SPDR Gold Shares (GLD) has gained 8.7% in the last one month, and the VanEck Vectors Gold Miners ETF (GDX) has amplified that return by rising 21.1% in the same period.
Leon Cooperman, a billionaire investor and Omega Advisors' chairman and CEO, talked to CNBC on June 20. Cooperman provided his take on the current stock market scenario.
If you’re looking to invest in S&P 500 stocks, but don’t have the temperament to properly comb through the financial fundamentals of 500 individual companies, an S&P 500 Index can help you gain exposure to those stocks—without the grueling analysis. The S&P 500 Index tracks the largest and most powerful companies in the United States. The constituent stocks are curated by the S&P Index Committee, which selects companies based on a host of factors, including market cap, liquidity, and sector allocation.
....On Monday they shot down an unmanned drone flying in International Waters. The New York Times cited senior officials who said Trump approved attacks on multiple Iranian radar and missile batteries, showing a willingness to engage Iran militarily. Hawks in the administration have been pushing for a strong reaction to Iran for its actions on Thursday, when it shot down the drone.
On the heels of another robust trading day -- bringing the S&P 500 index to all-time highs, as well as striking distance of 3000 points -- we're seeing a slight pullback this morning in the pre-markets.
In the trailing week, the Energy Select Sector SPDR ETF (XLE) rose 3.7%—the largest among SPDR ETFs. The rise in oil prices might have boosted XLE.
Peter Schiff, the CEO and and chief global strategist at Euro Pacific Capital, pulled no punches at the Benzinga Trading Summit on Thursday in New York City. This approach led to further adverse effects, Schiff told the conference. "Those consequences were the 2008 financial crisis.
The Fed’s dovish stance is in response to the increased economic uncertainty and rising geopolitical risks. Gundlach told Reuters that for the Fed to cut interest rates in July, the economic data has to be weak. Currently, the fed fund futures imply that traders are pricing in a 100% chance of a Fed rate cut in July.
The overall investor sentiment has been bearish given the US-China trade tensions and deteriorating economic reports. In addition to bonds (BND), investors are also looking to gold due to its safe-haven appeal. Not only this, there are many other factors that are currently going in gold's favor.
Crude oil prices jumped as Iran shot down a U.S. drone. The S&P 500 closed at a new all-time high, and gold prices skyrocketed.
The BAML survey highlighted the fact that investors are very bearish on growth expectations. A net 50% of the respondents expect global growth to weaken over the next 12 months. A record number of investors said that the global economy was in the late cycle.