S&P 500 (^GSPC)
| Previous Close | 5,595.76 |
| Open | 5,603.34 |
| Volume |
| Day's Range | 5,601.65 - 5,636.27 |
| 52 Week Range | 4,103.78 - 5,669.67 |
| Avg. Volume | 3,771,102,096 |
- Yahoo Finance Video
50bps point cut from the Fed would be 'a little desperate,' strategist says
Ahead of interest rate cuts expected next week, Sound Income Strategies co-CIO Eric Beyrich joins Julie Hyman and Josh Lipton on Market Domination. Beyrich says next week’s cuts will likely be 25 basis points as a 50 basis-point cut from the Federal Reserve would “would be a little desperate” and “signal that they're behind the curve.” At next week’s Fed meeting, Beyrich tells Yahoo Finance he will “pay attention to what they say and what they do,” as well as looking “at the other economic data that come along with it.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
- Yahoo Finance Video
These sectors stand to benefit most from Fed's rate cut
Investors eagerly await a potential interest rate cut from the Federal Reserve at its September FOMC meeting next week, but uncertainty could likely persist in markets . AlphaSimplex Chief Research Strategist and Portfolio Manager Katy Kaminski joins to discuss her market outlook in light of this expected fiscal policy shift. Kaminski notes that the rate cut debate has shifted between 25 to 50 basis points. She emphasizes that "the jury is still out," but regardless of the cut's size, "the Fed is changing course," which will impact various aspects of the economy, presenting "both an opportunity and a challenge for investors." According to Kaminski, sectors like borrowing, real estate, and consumer staples stand to benefit from a rate cut. She also anticipates a market rotation away from sectors such as tech. However, she cautions investors that the fight against inflation isn't entirely over. "I think we're going to have to watch for the potential that inflation will go up in the future. And we need to think about sectors and areas of our portfolios and our investments that will be actually accretive during an inflationary period. Gold (GC=F) is a good example," Kaminski tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
- Yahoo Finance Video
These areas outside of tech also have 'healthy' cash balances
The tech-heavy Nasdaq (^IXIC) and S&P 500 (^GSPC) are rallying this trading week, shaking off any volatility (^VIX) scares that appeared at the beginning of September. While tech stocks lead the charge within the indexes, what are some undervalued areas investors should consider? J.P. Morgan Asset Management global market strategist Stephanie Aliaga sits down with Seana Smith and Brad Smith on The Morning Brief to talk about where investors should be looking as the market fares through choppiness and broadening earnings growth. "The focus really has to be on quality... we traditionally think of [tech] as perhaps a riskier sector of the markets and the current market environment. You have a lot of these tech names, have a lot of cash on hand, and they're using that to invest in future growth opportunities in R&D and CapEx," Aliaga explains. "But it's not only tech that actually has healthy cash balances, it's other areas of growth markets, consumer discretionary, consumer services, also healthcare, real estate." Ahead of the Federal Reserve's September policy meeting, Aliaga underlines the fact that officials need to be confident in their decision to cut rates and reference their success in easing inflation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
