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Could Market Risks Bring Investors Back to Gold in 2019? During an investor webcast on December 11, DoubleLine CEO Jeffrey Gundlach painted quite a bearish picture of stocks, bonds, and the US economy (SPY)(DIA). Gundlach also cited an Atlanta Fed study that calculates that an unwinding of $600 billion from the Fed balance sheet is equivalent to three interest rate hikes.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, is sporting a fourth-quarter loss of about 14% so a rebound may not be imminent nor may it be the first thing on investors' minds when it comes to the energy sector. During oil’s recent slide, XLE and other basic energy ETFs performed significantly less poorly than the underlying commodity. “The XLE energy ETF has fallen more than 1 percent since Monday, on track for a second week in the red.
Lipper data showed that investors withdrew record cash from US-based stock and bond funds for the week ending December 12. While a record $46.2 billion was taken out from US stock mutual fund ETFs (SPY) (VTI), a near-record $13.4 billion was withdrawn from bonds (AGG) (BND). According to Lipper, the average US-based equity fund has fallen 6.3% year-to-date through December 11, while its bond counterpart has fallen 0.9%.
Year-to-date, the Industrial Select Sector SPDR (NYSEARCA:XLI) — the largest of the industrial ETFs by assets — is lower by 10.2% while the S&P 500 is down 0.75%. Many of those names are among the primary price action drivers in a slew of industrial ETFs. “Industrial stocks have been battered by trade-war worries and other headwinds in 2018, but the group doesn’t get the credit it deserves, argues UBS,” reports Barron’s.
While millennials are doing a good job of saving in traditional ways, not parking their money in high-return investment options could be a potential mistake.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, entered Monday with a fourth-quarter loss of about 12%, but some market observers believe the energy sector is poised to rebound. Last week, oil exchanged-traded funds (ETFs) gained after lengthy Organization of the Petroleum Exporting Countries (OPEC) discussions finally came to a conclusion, resulting in a larger-than-expected production cut that sent oil prices higher on Friday. OPEC and associated partners agreed to cut 1.2 million barrels per day with OPEC being responsible for 800,000 barrels.
Among the various sectors, the utilities (XLU) sector has been strong amid market challenges in the last few months. Including dividends, broader utilities have returned 10% in 2018—beating broader markets. US utilities’ domestic exposure makes them relatively safe. Their stable stock price movements and comparatively higher dividend yield of 3.3% has contributed to healthy total returns in 2018.
Why Has General Electric Stock Struggled in 2018? General Electric’s (GE) Transportation segment manufactures trains, marine diesel engines, and mining equipment. A brief look at General Electrics’ historical financial results shows that the Transportation division’s revenues and operating profits have been falling for the last several years.
Analysts have turned bearish on General Electric (GE). The company reported disappointing third-quarter results on October 30. The company’s revenues and EPS fell short of analysts’ estimates. General Electric’s revenues and EPS also registered a significant YoY (year-over-year) decline due to continued weakness in the Power segment.
Consolidated Edison (ED), one of the country’s largest utility holding companies, serves approximately 10 million customers in New York. Although its earnings have been better than expected in the last nine consecutive quarters, its stock has dulled this year and fallen more than 4%, underperforming broader utilities. Consolidated Edison’s forward PE multiple is 19x, higher than peers’ average and its own five-year historical average of ~15x. Analysts’ target price
Energy stocks and sector-related exchange traded funds were among the lone areas of strength in U.S. markets Friday after the Organization of Petroleum Exporting Countries, along with oil-producing allies ...
The unemployment rate for October remained steady at 3.7%. The labor force participation rate also inched up to 62.9% from 62.7% in September. This unemployment rate is the lowest level in the last 49 years.
Stock markets experienced a sharp fall on Dec 4 due to uncertainties surrounding trade talks and flattening of the yield curve, putting utility ETFs in focus.
As the new year approaches, a lot of people make financial resolutions, most of which include something along the lines of building a better core portfolio. Although it sounds difficult, exchange-traded funds can help you accomplish this without too much extra thought. Your core could the most important piece of your investment puzzle, and picking the right ETFs to buy will make finding this vital piece a much easier task as we head into the new year.
Will the yield curve invert, with short-term interest rates pushing their way above long-term interest rates … a relatively rare scenario that’s all too often associated with a troubled economy? A true inverted yield curve has not happened yet, but as of right now we’re as close to an inverted yield curve as we’ve been in a decade. Translation: It sure couldn’t hurt to go ahead and make plans for an inverted yield curve, just in case that’s how things take shape.
Since the Fed might increase short-term rates by another 25 basis points at the December meeting, the yield curve (BND) could invert. The Fed has maintained that its future decisions will depend on market data (SPY) (IVV).
During an interview with Reuters, DoubleLine CEO Jeffrey Gundlach said that the current inversion of the yield curve (TLT) could signal that the US “economy is poised to weaken.” He added that the inversion at the short-end of the Treasury yield curve implies that the bond market doesn’t think the Fed plans to raise interest rates through 2019. As we discussed in Yield Curve Inverts for the First Time since 2007: What to Know, the spread between five and three-year Treasury yields narrowed to -0.01 percentage points on December 5.