|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||257.83 - 265.02|
|52 Week Range||231.61 - 286.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Wall Street saw what it wanted to believe when Trump launched Steel tariffs and walked them back. They were wrong and will continue to be wrong until they recognize the depth of the administrations conviction to fight unfair trade practices and deal with intellectual property rights.
The stock market is trading all over the map. After a two year sprint higher, with virtually no downside volatility to speak of, volatility has returned with a vengeance over the last 8 weeks and stocks are actually going down (not just straight up). Here are two ways to stay calm
Can the Fed pull the rug out from under record economic expansion? If so, Treasury yields might not go as high as people thought a few days ago.
The dollar index is very sensitive to interest rate decisions or any change in the key interest rate. A stronger dollar signifies that the economy is doing well. When the interest rate rises or the central bank starts to tighten its credit availability, the dollar index strengthens as the demand for dollar increases in the economy. On March 21, 2018, the dollar index fell 0.65% in spite of a 25-basis-point rate hike by the Fed on that day.
The Federal Reserve raised its key interest rate by 25 basis points in its March 2018 monetary policy review meeting and also raised its GDP forecast in that meeting. It said, “The economic outlook has strengthened in recent months.” Earlier, the committee said, “economic activity has been rising at a moderate rate.” In the present situation, the economic activity is accelerating with the help of improving consumer spending and corporate spending. It will also add more value to US economic growth.
All the significant cryptocurrencies once again witnessed a down day on March 22, 2018, following the same trend in the equities market. Bitcoin was trading at $8,546, down almost 4% in the past 24 hours. Bitcoin’s RSI (relative strength index) has fallen to 42, and its volatility is ~75.1%.
New Fed chair Jerome Powell held the first news conference after the FOMC meeting on March 21, 2018. You can think of some equity prices. The ultra-lower monetary policy since the 2008 subprime crisis artificially boosted various asset prices.