|Day's Range||25.80 - 29.63|
In a Yahoo Finance Premium webinar, Brian Shannon, CMT discusses why trading legends missed the bulk of the post-Covid stock market rally and explains how traders can avoid common pitfalls, such as impulsive trading, by having a trading plan and knowing their time frame.
Stocks abruptly turned negative Thursday as fears over the economic outlook following an increase in coronavirus cases resurged. The Dow and S&P 500 wiped out their week to date gains, while the Nasdaq held higher and hit a record earlier in the morning.
The NSXUSD (Nasdaq 100 CFD) is a great alternative to trading the futures outright, which is why I like to use them to also gauge the risk of the broader U.S. stock markets.
Seyi Bucknor, Head of North America at Newton Investment Management, joins The Final Round to highlight investor opportunities, including emerging markets.
Stocks closed higher Wednesday as heavily weighed tech stocks continued their run of outperformance, with shares of Apple, Amazon, Netflix and Facebook hitting record highs. Earlier, a report underscoring ongoing US-China tensions and more advances in coronavirus case counts dragged on the S&P 500 and Dow.
Avenue Capital Group CEO and legendary investor, Marc Lasry, joins 'Influencers with Andy Serwer' to discuss the pandemic's impact on the global economy.
Ben Kirby, Co-Head of Investments at Thornburg Investments, joins The Final Round to highlight recent market action and what is driving investors.
Yahoo Finance's Ines Ferre speaks with hispanic small business owners about their struggle to stay afloat with COVID-19 lockdown measures still in place.
JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joins The Final Round to discuss her top picks in the tech sector and areas to look for opportunity.
There are still more factors going for this rally than against it. In today’s analysis, I will present these together with the non-confirmation signs.
The markets closed in the green after Thursday’s trading session with investors confident in the markets as a near 5 million jobs were created in the month of June. The Final Round panel discusses the latest.
In this episode of Influencers, Ithaca Holdings Chairman & SB Projects Founder, Scooter Braun, joins 'Influencers' to discuss the pandemic's impact on the music industry and the mentality that continues to drive his successful business career.
Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, discusses the U.S. labor market and expectations for the upcoming June jobs report on The Final Round.
Scooter Braun, Ithaca Holdings Chairman & SB Projects Founder, joins 'Influencers with Andy Serwer' to discuss the health of the music industry amid the pandemic.
Scooter Braun, Ithaca Holdings Chairman & SB Projects Founder, joins 'Influencers with Andy Serwer' to discuss the road to recovery for the U.S. economy.
Erik Knutzen, Multi-Asset Class CIO at Neuberger Berman, joins The Final Round to highlight long and short term opportunities in the market for investors.
AlphaOmega Advisors, LLC Founder Peter Cecchini joins Yahoo Finance's Julia La Roche to discuss his outlook on the markets, as coronavirus cases top 2.5 million in the U.S.
Stocks closed out Friday’s session sharply lower after Texas and Florida reversed their reopening processes and closed bars and limited restaurant capacity following surges in coronavirus cases. Each of the three major indices fell more than 2%, and the S&P 500 dropped to its lowest level in two weeks.
The markets closed in the green after Thursday’s trading session amid worries of escalating coronavirus cases. The financial sector was the big winner after regulators eased the Volcker rule on big banks. The Final Round panel discusses the latest.
Stocks sank Wednesday, with the S&P 500 and Dow selling off by more than 3% at session lows as rising numbers of Covid-19 infections in some regions spooked investors.
(Bloomberg) -- For the second time in two weeks, bragging rights belong to rally skeptics who have been crowding into trades designed to pay off when the stock market stumbles.First it was the $2 trillion lost in a near 6% stock swoon nine days ago. Now Wednesday’s, which reached 3% at its worst point. Both drops were big enough to rank in the top 15 of the five years before the Covid crisis happened.The sharp drops are a reminder that a quick economic recovery and containment of the coronavirus aren’t certainties. That’s been the central thesis of bears who have taken every chance, and pointed to every negative statistic, to throw cold water on the historic stock rebound. At least today, hedge funds who shunned the rally and investors who loaded up on protection looked smart.“For anyone who’s hedged, it’s definitely paying off now,” Matt Maley, chief market strategist for Miller Tabak, said by phone. “It doesn’t have to be the kind of full-scale, large-scale lockdown to throw a wrench in the works of a V-shaped recovery and especially a recovery in earnings.”On one level, it’s not news that people owning what amounts to insurance against market declines should get a big payday in a session like Wednesday’s. Of more significance is just the size of bets massing in these areas, a sign that deep skepticism still exists toward a rally that has added around $10 trillion to share prices since March.The latest CFTC data, for example, showed hedge funds and other large speculators took their net positions against the S&P 500 to the highest since early 2016. In other words, as the rally ran higher, these investors pressed their bets even further that a turnaround was in the offing.Evidence has also highlighted hedge funds embracing safer stay-at-home stocks while shunning the recovery trade that retail investors have grown to love. That choice hurt performance in the first week of June, when a Goldman Sachs basket of stocks beloved by retail beat a group of hedge fund favorites by 14 percentage points. Since then, the advantage has turned, with the hedge fund holdings set to beat the retail basket for a third week straight.In recent days, investors have also rushed to exchange-traded funds that hedge against stock losses or a rise in volatility. The iPath Series B S&P 500 VIX Short-Term Futures exchange-traded notes (ticker VXX), for example, took in $274 million at the start of the week, its largest single-day inflow since March 19. That paid off Wednesday, as the fund jumped as much as 11%.Also, after the recent shuttering of other ETNs, including the $1.5 billion VelocityShares Daily 2x VIX Short-Term ETN (TVIX), VXX will be the “only game in town”, according to Eric Balchunas, an analyst at Bloomberg Intelligence.“Ten years later and VXX continues to be one of the most popular ways to hedge a selloff given its ability to go into jackpot mode, but it largely just burns cash so you have to nail the timing,” said Balchunas. “It’s also likely picking up some TVIX refugees who crave the VIX juice.”The ProShares Short Russell 2000 ETF (ticker RWM) -- a fund that seeks to deliver the inverse performance of the small-cap gauge -- has also grown more popular. Investors have poured $295 million into the fund since April’s start, the most for any quarter on record.That security rose as much as 4.7% Wednesday as small-caps took a hit. Still, the Russell 2000 is up 21% this quarter, on track for the index’s best since 2003.“It’s possible that people who were more bearish felt very foolish as the market jumped ahead over 40%,” said Jonathan Golub, Credit Suisse’s chief U.S. equity strategist. “But you can have the market easily come back 10% or 15% as we get clarity that this is not going to be a perfectly smooth escape toward a normal economy.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.