|Day's Range||26,280.76 - 26,464.41|
|52 Week Range||22,219.11 - 26,616.71|
BAML (Bank of America Merrill Lynch) conducted a survey that polled 244 global investors with $742 billion in total assets under management from September 7–13. The divergence theme in equity markets was quite evident in the allocations in September. The equity allocations to emerging markets (EEM) fell to 10% underweight in September compared to 1% underweight in August.
Stocks seem ready for a relatively quiet day, with major indexes drifting slightly lower ahead of the open as trade remains the main investor focus.
High-dividend “safety” stocks are leading U.S. stock indexes’ latest assault on record highs, the most recent sign of how a nine-year-long market rally is reshaping longstanding investor behaviors. This month, the biggest gainers in the S&P 500 include firms focusing on telecommunications services, consumer staples and utilities—so-called safe sectors whose steady dividend payouts have long made them investor favorites when markets are volatile or declining.
Investing.com - The S&P 500 closed higher on Tuesday as softer-than-expected tariffs imposed by the U.S. and China put the brakes on the prospect of a full-blown trade war, prompting a wave of buying across stocks.
CNBC's Jim Cramer explains how China’s manufacturing-based economy leaves it vulnerable to U.S. trade tariffs. With investors seemingly undecided about how badly trade tensions with China will hit U.S. markets, CNBC's Jim Cramer wanted to define the issue a bit more for Wall Street. "'Who has more to lose?' People keep asking this question about the trade war with China as though we don't really already know the answer.
Hedge fund managers are looking at the U.S.-China trade war the wrong way, CNBC's Jim Cramer says. The "Mad Money" host explains why short-sellers of China-related stocks are getting crushed. On Monday, the president placed a 10 percent tariff on $200 billion worth of Chinese goods.
On a day stocks rose in spite of new tariff moves, FedEx fell after reporting disappointing profits and Viking Therapeutics announced surprisingly strong results from a drug trial.
In the week that ended on September 7, US crude oil inventories fell 3% below their five-year average. In the previous week, inventories were on par with their five-year average.
US markets have been quite resilient for the most part in 2018—even in the face of escalating trade tensions between the United States and the European Union, Canada, Mexico, and China. The markets have tended to dive initially only to erase most of the losses later on—probably because the markets believe that the United States has the upper hand in the trade situation and has less to lose. In contrast, China’s major indexes have plunged ~25.0% from their highs this year, and its economic growth is also feeling the pressure from these escalating trade tensions.