239.71 -0.17 (-0.07%)
After hours: 4:52PM EST
|Bid||239.55 x 1000|
|Ask||240.74 x 1000|
|Day's Range||239.52 - 240.76|
|52 Week Range||214.83 - 270.67|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.04%|
Bulls versus Bears: Who Will Rule the Stock Markets in 2019?(Continued from Prior Part)Bank of America’s targetBank of America’s equity and quantitative strategist, Savita Subramanian, expects a decline in the S&P 500 (SPY) in
Bulls versus Bears: Who Will Rule the Stock Markets in 2019?(Continued from Prior Part)J.P. Morgan is bullish on SPYJ.P. Morgan (JPM) has one of the most bullish views on Wall Street about the stock market outlook in 2019. J.P. Morgan’s US equity
S&P 500 exchange traded funds, such as the SPDR S&P 500 ETF (SPY) , iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) , and other broad market ETFs are soaring to start 2019. Smaller stocks are participating as well as highlighted by the early 2019 showings for ETFs, such as the SPDR Mid-Cap 400 (MDY) and the iShares Core S&P Small-Cap ETF (IJR) , which tracks the S&P Small-Cap 600 Index. “In the first seven trading days of 2019, the S&P 500 returned 3.6%, its 12th best start on record since 1928 and best since 2003,” said S&P Dow Jones Indices in a recent note.
China’s central bank, the People’s Bank of China (or PBoC), announced on January 4, 2019, that it will cut the reserve requirement ratio (or RRR) of Chinese (FXI) banks by 50 basis points on January 15 and a further 50 basis points on January 25. To stimulate demand in the slowing economy, China’s central bank cut the RRR four times in 2019. Prior to the central bank’s decision to cut the RRR, China’s premier Li Keqiang has urged the central bank to cut the reserve requirements.
Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? (Continued from Prior Part) ## Gundlach on US federal debt As reported by Reuters, Jeffrey Gundlach called the ballooning US (SPY) (VOO) federal government debt “a completely horrific situation.” In 2018, total US debt increased by $1.4 trillion, far more than the ~$900 billion budget deficit. Gundlach also said that the United States could be at a “tipping point” in a “debt-compounding cycle.” He asked, “Are we growing at all or is it all just the increase in debt?” ## Ballooning interest costs Moreover, Gundlach cited data provided by the CBO (Congressional Budget Office), which reflect rising interest costs for the US government. The CBO expects debt to reach 3.7% of GDP by 2035 from ~1.4% in 2015. ## Corporate leverage is also bad Gundlach is also focused on corporate leverage and said that there is a significant risk of downgrades in the BBB space as leverage has risen to near record highs. Gundlach used a historical leverage ratio analysis to highlight how large a portion of BBB rated bonds (BND) would be junk (JNK) right now. As reported by Yahoo finance, Gundlach said, “Actually, 45% of the entire investment grade bond market would be rated junk right now … based on leverage ratios. Forty-five percent.” Gundlach has also stated that while downgrades have started to happen, even more should have happened already. He thus expects a wave of downgrades to come. Continue to Next Part Browse this series on Market Realist: * Part 1 - Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 3 - Gundlach: Junk Bond Market Is Flashing Yellow on Recession
Following one of the worst December performances on record, U.S. stocks are rallying to start 2019 and an overlooked sentiment signal could be indicating more upside is on the way for the S&P 500 and the corresponding exchange traded funds. SPY, the world's largest ETF, seeks to provide investment results that correspond generally to the price and yield performance of the S&P 500 Index. “For the first time in nearly three years, the weekly Investors Intelligence (II) survey showed more market newsletters were bearish on stocks than bullish,” according to Schaeffer's Investment Research.
In 2018, Yahoo Finance talked to women from all across the business world, and they all had great advice about how to approach your money, your career and your life.
Fed policymakers are watching job data closely, as the data gives the Fed insight as to whether the US economy (SPY) (IVV) is strong enough to withstand interest rate hikes. The Fed raised interest rates four times last year and signaled two more hikes in 2019, which is in contrast to the market’s expectation of no hike. The Fed has remained very positive on the tight labor market and has maintained that increasing rates should keep inflation in check.
For those looking to retire in the next five years, market volatility is extra unsettling. Retirement expert Ed Slott has advice about what investors should be doing to protect themselves in these tumultuous times.
With the new tax law changes all but wiping out itemized deductions, filers are looking for any ways they can to catch a break. Account holders over the age of 70 1/2 are subject to RMDs — required minimum distributions — which is the amount they’re obligated to withdraw from their tax-deferred retirement accounts and pay taxes on. “The government wants its money back,” retirement expert Ed Slott tells Yahoo Finance.
Wage growth will likely be the most closely watched component of the US (VOO) jobs report. While the other components of the jobs report have shown a firm labor market, wage growth has been a missing piece for a while. While wage growth had disappointed market participants for the last few months, November’s wage growth was more or less in-line with expectations.
The US consumer confidence index recorded its biggest fall in more than three years in December. This measure of consumer confidence in the economy was released yesterday by the Conference Board. The volatility in the financial markets might have also contributed to the decline in consumer confidence.
In the world of the exchange-traded fund (ETF) ecosystem, the market seemingly begins and ends with the ETF issuer. Summarily, the issuer is responsible for the creation and administration of the ETF. ...
In the world of exchange-traded funds (ETFs), sheer size can come in the form of market capitalization. With total ETF assets currently standing at over the $3 trillion mark, here are 10 of the biggest according to market capitalization, as of Dec. 20, 2018. 1. SPY seeks to provide investment results that correspond generally to the price and yield performance of the S&P 500® Index.
What Will the Fed’s December Meeting Mean for Markets? While the markets want the Fed to go slow on interest rate (TLT) hikes, they are highly expecting a rate hike at the December meeting. The consensus is for the Fed to raise rates by 25 basis points to 2.25%–2.50%.
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.