|Bid||238.74 x 1000|
|Ask||241.76 x 1100|
|Day's Range||238.77 - 242.63|
|52 Week Range||232.42 - 270.67|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.04%|
Could Market Risks Bring Investors Back to Gold in 2019? Last week turned out to be great for gold prices (GLD). As equity and bond markets continued to struggle, gold made the best of the situation.
Fed policymakers are watching job data closely, as it gives them insight as to whether the US economy (SPY) (IVV) is strong enough to withstand interest rates hikes. The Fed has already raised interest rates three times this year. The Fed is expecting one more hike in December.
Wage growth will likely be the most closely watched component of the US (VOO) jobs report. The metric has long been considered a missing piece of the otherwise strong labor market. While wage growth had disappointed market participants for the last few months, October’s wage growth was not disappointing.
The yield curve mainly reflects bond market investors’ expectations of the Fed’s actions and future economic conditions. As the Fed may hike up short-term rates by another 25 basis points at the December meeting, the yield curve could invert. The Fed has maintained that its future decisions will depend on market data.
According to a study by Ally Invest, 61% of adults say they find investing in the stock market scary or intimidating. The idea came to Hay when she was studying at Harvard Business School. As someone with a liberal arts background, Hay struggled to keep up with people with more traditional finance and business educations.
Among the myriad reasons advisors and investors have gravitated to exchange traded funds over actively managed funds in recent years are superior tax efficiencies. BlackRock Inc.'s (NYSE: BLK) iShares unit is the world's largest ETF issuer not just in terms of assets, but also in terms of offerings. In the U.S., iShares offers more than 300 ETFs, a scant percentage of which will deliver capital gains distributions in 2018.
New Fidelity study shows 7 in 10 women are ready to make bolder money moves in the next 6 months. Yahoo Finance's Jeanie Ahn reports.
Gold prices (GLD) saw their first monthly gain in the last seven months in October when prices rose by 2.1%. Gold prices are down by 7.4% YTD, and they are down 10.6% from their April peak. While gold prices seemed to have lost their safe-haven status as they kept on falling even amid all the geopolitical, trade, and emerging market tensions, October has reinstated that appeal to some extent.
The markets reacted as expected when a divided Congress was the byproduct of the 2018 Midterm Elections as the major indexes rallied along with exchange-traded funds (ETFs) that track the S&P 500 passing their 200-day moving averages. In particular, the SPDR S&P 500 ETF (SPY) , iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) rode the wave of the post mid-term election rally.
Fundstrat, using Dow Jones Industrial Average and S&P 500 data, revealed that the median stock market return since 1896 was 1.9% a year after the House majority changed from one party to another. Tom Lee, co-founder of Fundstrat, told CNBC that a split congress is likely to weigh on U.S. markets, although he does not expect these concerns to register with investors until the start of next year. The closely followed strategist predicted that the initial reaction could be positive, particular as the equity rout in October appeared to have already priced in election uncertainty.
As McBride noted in a MarketWatch article, stock movements into the green are a perfect 18-for-18 following midterm elections--the type of sure-shot accuracy that could rival even basketball star Stephen Curry from the three-point line. "Since 1946, there have been 18 midterm elections. Every single one," McBride wrote.
Wage growth will likely be the most closely watched component of the US (VOO) jobs report. In September, wage growth was in-line with the market expectations at 2.8% year-over-year. Economists expect wage growth momentum to continue as the unemployment rate remains low and job additions remain buoyant.
If you ask Warren Buffett about what stocks to own, he’ll tell you you are better off looking for low-cost index funds to buy like the Vanguard S&P 500 ETF (NYSEARCA:VOO) or the mutual fund version, the Vanguard 500 Index Fund (MUTF:VFINX).
We discussed how to choose between ETFs and mutual funds, zero fee funds, staying focused during market volatility and strategies for rising rates.
Are you wondering if the S&P 500 is a good place to park your investment dollars? While last week's selloff might have unnerved you, no less a sage than Warren Buffett says that the best retirement plan is to put 10% of your funds in short-term government bonds and 90% in an S&P 500-tracking exchange-traded fund (ETF). The S&P 500 is perhaps the best depiction of the U.S. economy, covering all the main sectors and representing roughly 80% of the nation's market cap.
As we discussed previously in this series, the SPDR Gold Trust ETF (GLD) has fallen ~9.0% year-to-date and ~12.0% from its April peak. While gold prices have generally disappointed in 2018, there are many reasons to believe that this could be about to change and gold might be in the process of bottoming out. As we have discussed previously in the series, this buying is expected to continue going forward and with greater vigor, which should support gold prices.
Investors are keenly awaiting the US CPI (consumer price inflation) figures. The markets have placed huge importance on inflation figures (TIP) in 2018, as inflation has been one of the most important deciding factors related to the Fed’s future interest rate (TLT) path. The US CPI underwhelmed in August with a 0.2% rise sequentially compared to the 0.3% growth that was expected by economists.