|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||168.35 - 169.31|
|52 Week Range||134.12 - 170.20|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.20%|
, prevented more downside in the indices but it has been tricky trading lately and that continued today. It is has been quite deceptive lately because the indices just aren't reflecting the broader action very well. Today for example the senior indices were in the red but breadth was positive due to small caps.
Small-cap stocks and the related small-cap ETFs are easily topping their large-cap rivals this year. For example, the year-to-date gain offered by the iShares Russell 2000 ETF (NYSEArca: IWM), which follows ...
While a strong U.S. dollar weighs on corporate earnings for large multinational companies with big overseas footprints, small-cap stocks and related ETFs may continue to outperform with the U.S. economy continuing to chug along. The iShares Russell 2000 ETF (IWM) , which follows the benchmark Russell 2000 index of small-cap stocks, increased 10.0% year-to-date while the SPDR S&P 500 ETF (SPY), which tracks the widely observed S&P 500, rose 5.6%. The outperformance in small-caps may continue as a stronger U.S. dollar weighs on larger companies that have overseas businesses.
The demand for ETFs domestically is beginning to wane, forcing investment firms to offer more innovative product solutions or slash their fees in the process, but international interest in ETFs is beginning to intensify and firms are ready to scramble in order to capture that market share. One area that has been getting increased interest from investors is in the fixed-income arena.
The stock market has been ignoring talk about trade wars having negative implications, and has continued to rally, as many market participants look upon it in disbelief. While the S&P 500 Index (SPX) rose to 2,800 points, as we expected, this past week, I think the market is likely set up for a pullback within the next week or so. You see, the analysts in our Stock Waves service at ElliottWaveTrader.net are telling me that many of the charts of individual stocks they are following are set up for a melt-up phase in their respective 3rd waves and may not see a bigger pullback this summer.
The broader question for Elliott Wave adherents is whether the S&P 500 will top just over 3,000 or if it can set up to extend to the 3,225 region by the middle of next year.
Keith Bliss of DriveWealth LLC joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after President Trump doubled down on his expressed disappointment with the Federal Reserve raising interest rates.