|Bid||243.77 x 300|
|Ask||243.80 x 100|
|Day's Range||243.75 - 246.08|
|52 Week Range||216.13 - 263.37|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.04%|
The energy sector (XLE) rose 2.6% last week because of the continued surge in oil prices, which will likely remain in focus given that President Trump started tweeting about OPEC and crude prices. The industrial and consumer discretionary sectors rose 2.1% and 1.7%, respectively, while the financial (XLF) sector rebounded by 1.6% due to the increase in bond yields. Large speculators of the S&P 500 Index, which include hedge funds, increased net bullish positions last week.
The Bureau of Labor Statistics (or BLS) released the “Job Openings and Labor Turnover Survey” (or JOLTS) data for February on April 13. The data for this survey is collected by a monthly survey on job openings, the number of new employees hired, the number of employees who have quit, the number of employees asked to leave, and other job separations. The JOLTS report is an indication of the demand for workers in the United States.
For the week ending April 13, 2018, the S&P 500 Index closed at 2,656.30 and appreciated 2% due to the surge in energy stocks and lower trade war tension. The weak performers in the S&P 500 Index last week were the utilities, real estate, and telecom services. Large speculators of the S&P 500 Index, including hedge funds, trimmed their net bullish positions last week.
The FOMC staff review indicated that US financial markets have been turbulent since the last meeting, which resulted in increased equity market volatility (VXX) and lower equity (VOO) asset prices. The reason cited for the increased equity market volatility was the surprising uptick in average hourly earnings in the January employment report, which made investors concerned about higher inflation and the interest rate increase. ...
The S&P 500 Index (VOO)(SPY) recovered March 26, 2018, and had its biggest rally since August 2015. In its March 16 Earnings Insight report, Factset noted that S&P 500 companies are expected to report earnings and year-over-year revenue growth of 17.0% and 7.2%, respectively, in 1Q18. All 11 S&P sectors are expected to report YoY earnings growth as well as revenue growth. If this expectation of earnings growth materializes, this could mark the highest rate since the 19.5% growth figure last seen in 1Q11.
Will New Tariffs Push China to React? In its arsenal to counter Trump’s aggressive tariffs, China could resort to the devaluation of its currency (CYB) against the US dollar (UUP) as one of its possibilities. Devaluing its currency (CNY) would partially offset the impact of tariffs, as US consumers would be paying less in US dollars to buy Chinese imports.
Investors pulled $40 billion, the largest amount ever, out of U.S. equity funds last month as negative headlines shook confidence in the stock market, data shows,.
Personal consumption expenditure (or PCE), as defined by the Bureau of Economic Analysis (or BEA), is the value of goods and services purchased by, or on the behalf of, people who reside in the United States. PCE inflation (CPI) is the preferred tool of the US Fed when assessing the price levels in the economy, as it reflects the actual increase in prices for consumers. Increasing inflation (VTIP) could give the US Fed enough confidence to continue to increase the Fed funds rate.
The world economy is growing, the U.S. economy is growing, and nothing seems radically out of balance in terms of government policy. A central question that one of our investing themes at VanEck looks to address is, “Do you have strategies in your portfolio that will actually adjust to bear market signals?” After 10 straight years of seeing the market going up, it may be hard to think about anything else, but the time may have come for investors to start positioning themselves for a correction. Global economic growth is expected to continue the momentum it has set in the last few quarters.
Jan van Eck, CEO, shares his investment outlook. U.S. interest rates are continuing to rise, and Europe looks almost ready to follow suit. As interest rates start to “normalize”, opportunities are opening up in emerging markets and commodities.
The Conference Board website explains the consumer confidence index as a barometer of the health of the US economy (VOO) from the perspective of the consumer. President Trump has tweeted about consumer confidence soaring to an 18-year high of 130.8 in February, but the index fell to 127.7 in March, and the February reading has been downgraded to 130.0, according to the latest report released on March 27, 2018. The consumer confidence survey compiles consumers’ perceptions of the current conditions for employment and business conditions and their expectations for the next six months.
The FOMC (Federal Open Market Committee), as part of its statutory mandate, seeks to foster maximum employment and stable prices (TIP). The efforts of the Fed with its accommodative monetary policy and excessive money printing helped bring back unemployment below the target rate of 4.5%. Over the last 12 months, unemployment levels have fallen to a 17-year low of 4.1%.
The FOMC’s (Federal Open Market Committee) March meeting concluded on Wednesday, March 21, 2018. The Fed decided to increase the federal funds rate by 0.25%. The increase in the interest rate seems to have been completely priced in, but the markets were eagerly awaiting the Fed’s dot plot and summary of economic projections.
In its March FOMC (Federal Open Market Committee) meeting, the Fed increased the Federal funds rate by 25 basis points and released the upgraded economic projections through the Summary of Economic Projections (or SEP) report. The report is released by the FOMC and contains the members’ projections for GDP growth, inflation (TIP), unemployment, and the policy interest rate.
The Bureau of Labor Statistics released its JOLTS (Job Openings and Labor Turnover Survey) data for January on March 16. According to the report, the total number of job openings on the last day of January was 6.3 million, an impressive increase from the 5.6 million job openings seen in December, and the highest reading since the beginning of the survey in 2000. JOLTS data is collected through a monthly survey of job openings, number of new employees hired, number of employees who have quit or have been asked to leave, and other job separations.
Market timing is generally agreed to be extremely challenging. Yet seasonal factors do persist in the market over time and could offer you a slight edge when buying or selling.
Index funds, index funds, index funds says billionaire Warren Buffett. But what else should you buy for retirement?
ADP, a human capital management solution provider, releases a monthly report on US non-farm employment. This report contains changes to the level of hiring and employment across different sectors in the United States. Due to its presence in multiple countries, ADP has a unique insight into the trends in employment markets. Its monthly report is prepared by using actual, anonymous payrolls data of 411,000 US clients that ADP services.
The S&P 500 Index (SPY) has officially undergone a correction in February. Panic selling triggered by increasing bond yields led to a correction of more than 10% for the S&P 500 Index. This would represent the first negative monthly close for the S&P 500 Index in 12 months.