|Day's Range||7.12 - 7.22|
For more investors, low cost index funds, especially exchange-traded index funds, are the way to go. How annuities could protect your retirement income Annuities can help plan for retirement during a volatile market. Maybe you saw the study which found that 10% of retail investors beat the market indexes over time.
The relentless stock market rally has buoyed some major U.S. indexes within striking distance of widely watched, and often potent, resistance levels. The S&P 500 Index (SPX) and related exchange traded fund SPDR S&P 500 ETF (SPY) are approaching Fibonacci resistance (78.6% retracement level of the 2020 losses) at 3,136 points and 313.22. The Nasdaq Composite (COMP) is approaching its prior all-time high at 9,817 (based on closing price).
Most black families will not see the benefit from a historic stock market rally, one that has persisted despite a global pandemic and nationwide protests.
Stocks spiked on Friday after data showed the coronavirus-stricken U.S. economy unexpectedly added jobs in May.
There are at least a few reasons to doubt May's stunning jobs surge, economists say.
Don’t count Peter Tchir, head of market strategy at Academy Securities, in the markets-are-irrational camp. In an absolute stunner, the Labor Department reported 2.5 million jobs were added in May, and a decline in the unemployment rate of 1.4 percentage points to 13.3%.
The May jobs report showed an unexpected rise in the number of non-farm payrolls in the economy and a drop in the unemployment rate from April.
Ryan Detrick, LPL Financial Senior Market Strategist, joined Yahoo Finance's The Final Round to discuss the disconnect between the stock market and the economy and give his outlook for the market.
As the S&P 500 (^GSPC) hovers around 40% from its March 23rd low, one veteran strategist is reminded of the massive rally that took place when the markets were emerging from the financial crisis 11 years ago.
This is still a huge number for new unemployed Americans in one week, but has come down from the previous week's 2.126 million, and well off the pace we saw in late March.
Top news and what to watch in the markets on Thursday, June 4, 2020.
U.S. stock markets have been on a tear this week, with the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average all close to overtaking their all-time highs reached in February. Markets have climbed a virtual wall of worry to head higher over the past several sessions, shrugging off sometimes violent mass protests across the United States over police brutality and racial inequality. At current levels, the tech-heavy Nasdaq is less than 2% away from its record high.
ETF.com Managing Editor Cinthia Murphy joins Yahoo Finance's Kristin Myers to break the outlook on low-volatility ETFs amid the coronavirus pandemic.
In an interview, Portfolio Manager Miles Lewis describes his investment approach, what factors are important to him as an investor and what he thinks of the current small-cap market Continue reading...
The SPDR S&P 500 ETF Trust (NYSE: SPY) has now rallied 37.3% since March 23, but there has been a subtle shift in market leadership in the past couple of weeks.Value stocks have outperformed growth stocks as buying volume has rotated out of the best-performing stocks of the year and into some of the laggards, but LPL Research analyst Jeffrey Buchbinder said Monday there are several reasons why value stocks' time in the sun may be short-lived.5 Reasons Growth Stocks Are Still King Buchbinder said the impressive breadth of the stock market's rally off of March lows is encouraging for investors and suggests stocks are still a better bet than bonds overall for the remainder of 2020 and in the long-term. However, he listed at least five reasons it's unlikely value stocks will continue to beat out growth stocks as the economy recovers: 1. The next phase of economic recovery will be more difficult, and growth stocks don't necessarily need a healthy economic backdrop to continue to expand. 2. Growth stock earnings estimates have held up relatively well compared to value stock earnings outlooks. 3. Large-cap growth stocks with strong balance sheets should trade at a premium valuation in a recessionary environment. 4. Growth-oriented tech subsectors are much better-positioned to adapt to an extended work-from-home environment. 5. The financial sector is by far the largest value sector, and zero percent interest rates will likely make earnings growth extremely challenging for many financial sector stocks.Buchbinder said value stocks simply aren't positioned well for the current stage of the economic cycle and it's still too early to be betting too heavily on value."As a stronger and more durable economic recovery becomes evident, we think value will have its day. At that point, we would expect better performance for small caps and the cyclical value stocks found in the financials and industrials sectors," Buchbinder wrote.Benzinga's TakeTraders anticipating growth stocks will once again outperform value stocks in the near future can consider a pair trade in which they go long the Vanguard Growth ETF (NYSE: VUG) and short the Vanguard Value ETF (NYSE: VTV). Over the past decade, the Vanguard Growth ETF has more than doubled the return of the Vanguard Value ETF.Do you agree with this take? Email email@example.com with your thoughts.Related Links:7 High-Risk Stocks For Market Gamblers What The Yield Curve Is Saying About The Stock Market RallySee more from Benzinga * Entering And Exiting Trades: 'What I Look For Are Those Broken Structures' * 'Price Is Truth': Analyzing Stock Chart Performance Using Technicals * Andrew Ross Sorkin, Joe Kernen Get Into Heated On-Air Argument Over Coronavirus, Trump(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The stock market comeback persisted last month as the Covid-19 pandemic health situation continued to stabilize and the broader economy accelerated business reopenings Continue reading...