I:RUT Sep 2024 2400.000 put
| Previous Close | 203.56 |
| Open | 203.56 |
| Bid | 266.20 |
| Ask | 271.60 |
| Strike | 2,400.00 |
| Expire Date | 2024-09-20 |
| Day's Range | 203.56 - 203.56 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 14 |
- Yahoo Finance Video
Is the bond rally over? How to position for interest rate cuts
As the Federal Reserve gears up for its first interest rate cut at its September meeting, Wells Fargo Investment Institute senior global market strategist Scott Wren joins Morning Brief to discuss how investors can best position their portfolios for easing rates. Wren believes that the bond rally will likely come to an end, and encourages investors to take profits from bonds and move into stocks. "We use short-term fixed income as a parking spot. We had been overweight long-term bonds. But you know, we've seen a good rally. So we would take money from bonds, both short-term and long-term, and we would move that into the S&P 500 (^GSPC)," he explains. He also encourages being neutral weight on the Russell 2000 (^RUT), as small caps stand to benefit from an interest rate cut. Wren notes that he still prefers large caps over small caps, and points to sectors like energy and communication services as attractive areas. "We've taken a step toward moving out of bonds after this big rally. We've tried to take advantage of lower stock prices and to buy some equities here because certainly, you know, we think the S&P is going to be near 6000 at the end of next year. We want to take advantage of any pullbacks. We don't think interest rates are going to go lower," he concludes. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Associated Press
How major US stock indexes fared Thursday, 9/12/2024
The Dow Jones Industrial Average gained 0.6%, and the Nasdaq composite jumped 1%. More gains for Nvidia and other Big Tech stocks drove the market higher, offsetting a slump for Moderna after the vaccine maker cut its plans for research-and-development investment. Treasury yields were relatively steady in the bond market following reports on layoffs and inflation that included few surprises.
Barrons.comRussell 2000 Leads Big Three Indexes
The Russell 2000 was up 1.3%, leading the big three indexes. The Nasdaq Composite was up 1%. The Russell is likely benefitting from expectations the Federal Reserve will soon start lowering interest rates.
