|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||26.74 - 27.40|
|52 Week Range||25.59 - 84.40|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.89%|
Are We Heading toward a Government Shutdown? After the Democratic victory in Alabama last month, Republican strength in the Senate has dropped to 51, and Republicans would need nine Democrats to back this debt ceiling legislation to avoid a shutdown. President Trump pulled off a last-minute deal in September to get temporary government funding that runs out on January 19.
Every segment of the global financial markets began 2018 on a positive note. The global equity rally of 2017 extended into the first week of the year. Commodity indexes (DBC) moved higher with the help of strong crude oil prices, and the high-yield bond markets moved higher.
This week’s economic calendar starts off with a whisper and ends with a bang—particularly for those looking closely at inflation and the follow-through impact on monetary policy. On Wednesday the all-important Atlanta Fed Business Inflation Expectations report is released. What is on the horizon that could threaten the equity market rally?
Shorting volatility was a winning strategy in 2017 with the Cboe Volatility Index inactive for most of the year. The VIX started the year at the 12 level and averaged 11 for the year. Meanwhile, the VelocityShares Daily Inverse VIX Short-Term ETN (XIV) gained nearly 190%.
Average consumer expectations for business conditions form the only component of the Conference Board LEI (Leading Economic Index) that is not a leading indicator. Consumer expectations are based on two…...
Average weekly unemployment claims are a constituent of the Conference Board LEI (Leading Economic Index). Claims have a 3% weight in the LEI. Weekly unemployment claims, if adjusted for seasonality, give…...
Merrill Lynch barred clients and financial advisers trading on their behalf from buying bitcoin or any bitcoin-related investments including futures and the Bitcoin Investment Trust (GBTC). The price of bitcoin is down about 3% to around $14,600 so far Thursday. The Bitcoin Investment Trust is down 3.5%.
Major stock indexes added to losses Thursday after Sen. Marco Rubio said he would oppose a Republican tax bill unless it includes a credit for the working poor that he had championed.
ADP's jobs report for November was published on December 6. It provided deeper insight into improvements in US employment.
The November Conference Board LEI reported the average consumer expectations for business conditions for October at 0.96, a sharp increase from the September reading of 0.43.
The FOMC's November meeting minutes deemed the bond market’s yield curve to be flattening between meetings. The report indicated that bond yields have risen since the September FOMC meeting for multiple ...
The FOMC staff review indicated that domestic financial asset prices between meetings reacted to lower accommodation from the US Federal Reserve.
The founder of bitcoin, in his first paper on cryptocurrencies and in his blog posts, compared bitcoin with digital gold as well as with cash.
In its October "World Economic Outlook" report, the International Monetary Fund or IMF also listed risks to its forecasts.
The past 12 months have seen one of the most profound and prolonged declines in market volatility on record.
Given that markets remain focused on the next Fed chair appointment and US tax reforms, volatility (VXX) could be low after the October jobs report.
US private sector employment increased by 235,000 jobs in October. Non-farm jobs have bounced back from a downward revised 110,000 jobs in September.
Fed Chair Janet Yellen, in her speech at the 2017 Herbert Stein Memorial Lecture, offered some more insight into the Fed’s balance sheet reducing strategy.