|Day's Range||1,672.993774 - 1,684.632568|
|52 Week Range||1,349.349976 - 1,686.369995|
Facts you need to grasp to understand the "game of fear and opportunity" that will make smart investors buy any dips they get this month.
Global fund managers are the most bullish on American stocks in June for the first time in 15 months driven by a solid profit outlook. Here are five ETFs to profit from.
Stimulus programs inflated the prices of stocks, bonds and real estate. Central banks have been infusing capital into the global financial system since the credit crisis, and now the stimulus has officially come to an end, and a new era is upon us. If the added liquidity served its purpose, then we must respect the risks to the stock market, given the ensuing removal of stimulus.
In the retail sector, a handful of stocks are working on bases, which could lead to breakouts. Two chip stocks broke out Thursday morning.
The " Fast Money " traders shared their first moves for the market open. Tim Seymour was a buyer of JPMorgan JPM . David Seaburg was a buyer of Carter's CRI . Dan Nathan was a seller of the Russell 2000 ETF .
U.S. stock benchmarks ended near session lows Wednesday as the Federal Reserve completed its second increase to benchmark interest rates in 2018, as expected, but signaled a slightly more aggressive plan to tighten monetary policy this year than had previously been projected. The S&P 500 (^GSPC) fell 11.22 points, or 0.4%, at 2,775.63, with only one of the benchmark’s 11 sectors finishing in positive territory. Meanwhile, telecommunications tumbled 4.5%, predominantly on the back of a drop in shares of AT&T Inc.(XNYS:T) and Verizon Communications Inc.(VZ) , but that sector represents just 1.8% of the S&P 500’s total weight.
BAML (Bank of America Merrill Lynch) conducted a survey that questioned 235 global investors with $684 billion in assets under management from June 1–7. According to the survey, global fund managers turned overweight on the United States for the first time in 15 months.
Stock investors expect the Federal Reserve to announce a rate hike to a range of 1.75% to 2%, which would be the highest since September 2008.
The stock market's moderate reaction suggested that the summit's outcome was a nonevent, as far as institutional investors are concerned.
Fed’s two-day meeting starts todayReutersU.S. President Donald Trump and North Korea's leader Kim Jong Un sign documents that acknowledge the progress of the talks. U.S. stock futures ebbed lower Tuesday as investors assessed the early fruits of labor from U.S. President Trump’s unprecedented summit with North Korean leader Kim Jong Un in Singapore. Futures for the Dow Jones Industrial Average (YMM18.CBT) fell 25 points, or 0.1%, to 25,325.00, while futures for the S&P 500 Index (ESM18.CME) lost 2.3 points to reach 2,784.50.
The major indexes staged mild gains on the eve of a historic meeting between the U.S. and North Korean leaders in Singapore. Tesla continued to muscle higher. Qualys broke out and showed the software sector is still strong.
Besides North Korea and the Fed, the market also had to deal with continued friction related to the weekend's G-7 summit.
Investors are gobbling up the shares of small U.S. companies, a sign of how they're retreating from some overseas markets. The Russell 2000 index of small cap stocks has climbed for six straight weeks, rising 7.5% during that time, the longest such streak since 2016. Investors are gravitating toward small cap companies, which tend to operate largely in the U.S., at a time when the outlook in foreign markets is looking murkier.
After a record run in recent months, the rally in the small-cap ETFs may soften. Time to pick smart-beta small-cap funds for quality exposure.
In a week where two major U.S. stock-market indexes returned to record levels after a period of volatility and weakness, investors have perhaps not surprisingly improved their view on the equity market. According to the AAII Investor Sentiment survey, 38.9% of those polled describe themselves as bullish on the market, meaning they expect stock prices to be higher in six months. The 3.9 percentage-point gain in bullish sentiment comes as stocks have been on an uptrend.
The S&P 500 and Nasdaq Composite end with modest losses on Thursday, as a selloff in major technology put pressure on the benchmarks
PNC Financial is souring on small caps' record run. In an interview on CNBC's " Trading Nation ," the firm's co-chief investment strategist questioned the rally's sustainability. "We would tend not to chase the small-cap run," Amanda Agati said Wednesday.
The day’s gains were broad based but led by financial stocks, which were the top-performing sector of the day as bond yields rose. The Nasdaq Composite Index (^IXIC) rose 51.38 points, or 0.7%, to 7,689.24, recording its third consecutive all-time closing high. Both the S&P and the Nasdaq posted a fourth straight daily advance, while the Dow has risen in three of the past four trading days.