|Day's Range||31.61 - 31.61|
During the recent market swoon in May, the iShares Edge MSCI Min Vol USA ETF held its gains, while the S&P 500 fell.
On June 25, the soft economic data isn't an isolated case. We have been getting a flurry of dismal data points. The US economy added only 75,000 non-farm jobs in May.
On June 24, CNBC reported that UBS believes that the global economy could be headed for a recession if the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping in Japan fails to make any headway.
Shares of Salesforce.com Inc. (CRM) have more than tripled in the last five years and are set to climb even higher. Expecting the cloud-computing solutions company to hit the high end of its forecast in what he describes as a “challenging quarter,” JMP Securities analyst Patrick Walravens recently raised his price target for the stock from $140 to $163, implying a 12% upside from Wednesday’s close. Salesforce reported 27% growth in the same period a year ago following a 16% increase in the period one year previous to that.
Traditional index funds attempt merely to match the market's performance, and Rob Arnott, founder of Research Associates, derides this as a "buy high, sell low" approach to investing, Barron's reports. The originator of so-called "smart beta" indexes that look to beat the averages, Arnott notes that, by contrast, traditional index funds are structured and managed in such a way that they pass up clear opportunities to beat the market. Meanwhile, per Barron's, $730 billion is invested in smart beta products, including $180 billion in funds that have licensed the indexes created by Research Associates.
The retail sector so far this year is showing no signs that the dismal scene of bankruptcies and closings will end soon. Major retail companies that are riddled with debt from leveraged buyouts are falling like dominos as consumers shift their attention to online channels. Most recently, home retail chain Brookstone filed for bankruptcy for the second time since 2014, facing between $100 and $500 million in liabilities.
Today, Bloomberg reported that India is planning incentives such as a tax holiday and lower tax rates for companies moving out of China while the US and China are embroiled in their bitter trade war. But emulating China’s manufacturing prowess and ecosystem might not be easy.
On June 24, US crude oil prices rose 0.8% and settled at $57.9 per barrel. In the trailing week, US crude oil prices rose 11%. On June 17–24, the S&P; 500 Index (SPY) rose 1.9%.
Markets are expecting the Federal Reserve to cut rates this year after gradual increases since 2015. While broader markets rose after the Fed took a dovish approach in last week’s meeting, does the central bank have the pill to address a slowdown?
High levels of uncertainty about macro factors are producing exceptionally high levels of correlation across various asset classes.
The CME Group launched micro e-mini contracts for the S&P 500, Russell 2000, Dow Jones 30 and Nasdaq100 indices at a much lower cost than the existing e-mini futures.
Corporate zombies, that is. Kept alive by easy-money policies, companies that should have gone out of business keep staggering around.
Last week, the US Federal Reserve in its press release indicated that it's amenable to easing if the situation so warrants. The S&P 500 (SPY), which had already been on an uptrend this month, rose to a record high. But would a rate cut help revive the economy?
Trump has been quite vocal in asking the Fed for rate cuts. While the Fed kept the interest rates unchanged on June 19, it has signaled easing ahead if the conditions so warrant. According to the CME FedWatch tool, traders are now pricing in a 100% chance of a rate cut in July.
Last week, the S&P 500 (SPY) rose to a record high. Last week, Trump tweeted, “Since Election Day 2016, Stocks up almost 50%, Stocks gained 9.2 Trillion Dollars in value, and more than 5,000,000 new jobs added to the Economy.”
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.
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.
From the YFi Interactive touch screen, Jared Blikre joins Alexis Christoforous to break down the latest moves in U.S. equities and the leaders in the Nasdaq 100.