The S&P 500 index continued to rise at the start of the week, firmly entering bull market territory after rising 23% from its October 2022 lows. The data further solidified investor expectations that the Fed will keep rates unchanged at its meeting next week on June 14. Cues From Monday's Trading: The session was mixed for U.S. stocks.
The S&P 500 index continued to rise at the start of the week, firmly entering bull market territory after rising 23% from its October 2022 lows. The data further solidified investor expectations that the Fed will keep rates unchanged at its meeting next week on June 14. Cues From Monday's Trading: The session was mixed for U.S. stocks.
The SPDR S&P 500 ETF Trust experienced an outstanding $18.1 billion in net inflows in May, the greatest flow performance since December 2021, when the fund received $25.6 billion, according to Koyfin data. The ETF is the world's biggest with approximately $400 billion in assets under management.
The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million.
The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million. This development has reinforced market speculations of the Federal Reserve implementing further rate hikes in the upcoming month.
This is a transcript of a conversation between Jeff Black, VP of Content and Education at Tornado, and his guest John Normand, in March 2023. John is a cross-asset strategist who spent over 25 years at JP Morgan heading research for foreign exchange, international rates and commodities. On how to apply macro to investing: The simplest process is three-stage.
Value stocks fell to a fifteen-month low in relation to growth stocks, and are already lagging by more than 20% year to date on the heels of an AI-related rally propelling equities in the technology sector.
Risk sentiment took a severe hit on Wednesday, with investors fleeing stocks for cash as debt negotiations between the White House and GOP grind on. Markets are anxiously awaiting the minutes from the May FOMC meeting, due at 2 p.m. ET, for more hints about upcoming Fed actions. Investors will also be watching Nvidia Corp. 's earnings report, which will be issued after the market close.
Risk sentiment took a severe hit on Wednesday, with investors fleeing stocks for cash, as negotiations between the White House and GOP haven't still led to a breaktrough, with the House Speaker Kevin McCarthy stating that parties are still far apart on a number of things.
The US stock market climbed on Wednesday, after a productive meeting between Joe Biden and other key congressional leaders a day earlier over raising the debt limit, with the President asserting that the US will never default on its debt. Cyclical sectors such as financials and energy outperformed, the dollar strengthened, and Treasury yields rose across all maturities.
The first four and a half months of 2023 have been broadly positive so far for U.S. stocks, with the S&P 500 index, which is closely tracked by the SPDR S&P 500 ETF Trust, gaining 8%. Significant performance differences have emerged across sectors and styles, with value stocks largely underperforming against growth stocks.
The Census Bureau is expected to publish U.S. retail sales data for April prior to the start of Tuesday's trading session. Here are five key takeaways for investors ahead of the report and analyst reactions to past releases. Economists expect retail sales to rebound 0.7% month over month in April, after falling 0.6% in March.
The US stock market was mixed Monday, as hawkish Fed remarks clashed with President Joe Biden's words that he is 'optimistic' about a debt-ceiling deal as officials prepare for a crucial meeting on Tuesday. The yield on one-month US Treasury bill, a gauge of the risk associated with a protracted debt-ceiling standoff, fell 7 basis points on Monday, while yields on longer-term maturities rose.
The U.S. stock market got off to a shaky start in May. The S&P 500 index, closely tracked by the SPDR S&P 500 Trust ETF, is poised to end its second consecutive week of losses for the first time since mid-February as the debt-limit stalemate weighed on sentiment.
Risk aversion prevailed on Friday, with stock trending lower, Treasury yields climbing and the US dollar being the notable gainer for the session. The preliminary estimate of the University of Michigan consumer sentiment gauge saw a sharp drop in May, down from 63.5 in April to 57, well below the expected 63, with long-term inflation expectations surging to the highest since April 2011.
On Friday, May 12, at 10 a.m. ET, the University of Michigan will release the preliminary estimate of the May Consumer Sentiment Index. The consensus among economists forecasts a marginal drop in the consumer sentiment indicator from 63.5 in April to 63 in May. University of Michigan Consumer Sentiment For May: Why It Matters Chart: UMich vs US CPI Rate Benzinga's Take: An increase in the c...
The US stock market is again experiencing a cautious session Wednesday, as investors await more clarity from President Biden on the debt ceiling crisis, who is expected to hold a speech at 1.30 pm ET. Cues From Wednesday's Trading: Blue-chip stocks in the Dow Jones Industrial Average fell 0.5%, underperforming all other averages.
It's a mixed session on Wall Street, with major indexes lacking directionality and showing reduced volatility as caution returned ahead of Wednesday's inflation report. The debt ceiling impasse continues to alarm investors, who recall the US rating downgrade in 2011, which resulted in a stock market sell-off.
U.S. government agencies are examining Goldman Sachs Group Inc.'s participation in Silicon Valley Bank's efforts to raise money in March. Goldman expected to profit by reselling the portfolio at a higher price later.
The U.S. stock market is seeing a session marked by losses and increased volatility Thursday, with the S&P 500 index poised to close in the red for the third consecutive day. It's an occurrence not seen since March, when Silicon Valley Bank and other smaller banks failed. Investors' biggest concern remains the health of the financial sector, with bank stocks among the session's worst performers.
Tuesday is a heavy risk-off day on the U.S. stock market, with losses recorded by all major indices and sectors, as tensions in the regional banking industry remain high ahead of a crucial Federal Open Market Committee meeting.
The weekend rescue of troubled lender First Republic Bank (FRC) has done little to allay options traders' concerns about the overall health of U.S. regional banks.
As April draws to a close, it's the right time to look back at how the 11 S&P 500 sector ETFs fared over the month. The market as a whole was only slightly positive for the month, with the SPDR S&P 500 Trust ETF gaining 1.3%, although there were some differences in performance among sectors.
In the last session of the month, the stock market as a whole is in the green, with all major indices, except the Russell 2000, on track to post weekly gains, supported by strong corporate earnings.
In the last session of the month, the stock market as a whole is in the green, with all major indices except the Russell 2000 also on track to post weekly gains, supported by strong corporate earnings.
Market watchers have closely watched the Q1 2023 earnings season, seeking the first domino to fall in a looming recession. That hasn’t happened — yet. However, earnings still have plenty to tell us. This week, the VettaFi Voices gathered around the water cooler to sift through earnings results and look for clues about the remainder of this year.
While I’ve recently discussed what is driving outperformance in the consumer discretionary sector and the communications sector, the industrial sector has recently looked more interesting. This past week, aerospace and defense companies like Raytheon Technologies (RTX) and Lockheed Martin (LMT) have beat on earnings results with better-than-expected revenues which they attribute to higher air travel demand, defense systems demand, and easing of supply chains. While Raytheon and Lockheed Martin are some of the largest companies within the industrials sector. The sector is much more diversified than just aerospace and defense companies. The industrial sector also includes companies involved in manufacturing, construction, transportation, and machinery which are often large-cap stocks and leading indicators for the economy. This note takes a look at some of the largest industrial ETFs, what’s inside, and other thematic alternatives for investors.
One of the big stories so far this year for the markets has been the somewhat striking performance of the S&P 500. Pulled forward by some of the biggest tech names, the lead index, and its attached ETF, the SPDR S&P 500 Trust ETF (SPY A) has proved to be a durable performer despite a series of volatility events tied to banks, rate hikes, and more. That said, it may be worth looking to an equal-weight ETF that has been outperforming SPY over the last month for a potentially better-diversified alternative.
Though financials are 13% of the SPDR S&P 500 ETF (SPY A), roughly half the size of the information technology sector, it has been the focus throughout March. Between the regional bank failures, the efforts by the government and larger banks to restore confidence including increased borrowing from the Federal Reserve’s discount window, the impact from the Fed’s latest rate hike, and the GICS changes that reduced the sector’s dependence on banks, there’s a lot going on.
It seems like every day a new ETF launches, but 30 years in, it’s only rarely that one makes me say “yes, this makes sense, and I can see how the ETF could fit into a broader portfolio.” But the Roundhill Big Bank ETF (BIGB ) (covered here) is one of those funds — and no, this is not a recommendation to purchase it, but an attempt to put the fund in perspective.
It’s not hard to guess what the hot watercooler talk was this week: the regional banking crisis. Today, the VettaFi Voices weighed in on the risk of contagion, what impact it might have on the Fed’s rate policy, and what it all means for the rest of the market and banking ETFs writ large.
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Commentary
VettaFi Voices On: Q1 2023 Earnings Season's Winners and Losers
ETF Database - 05/12/2023Market watchers have closely watched the Q1 2023 earnings season, seeking the first domino to fall in a looming recession. That hasn’t happened — yet. However, earnings still have plenty to tell us. This week, the VettaFi Voices gathered around the water cooler to sift through earnings results and look for clues about the remainder of this year.
ETF Investors Favor Bonds and the Basics in April
BY Ryan Jackson, Morningstar - 05/01/2023Industrial ETFs: From Ground to Space
ETF Database - 04/27/2023While I’ve recently discussed what is driving outperformance in the consumer discretionary sector and the communications sector, the industrial sector has recently looked more interesting. This past week, aerospace and defense companies like Raytheon Technologies (RTX) and Lockheed Martin (LMT) have beat on earnings results with better-than-expected revenues which they attribute to higher air travel demand, defense systems demand, and easing of supply chains. While Raytheon and Lockheed Martin are some of the largest companies within the industrials sector. The sector is much more diversified than just aerospace and defense companies. The industrial sector also includes companies involved in manufacturing, construction, transportation, and machinery which are often large-cap stocks and leading indicators for the economy. This note takes a look at some of the largest industrial ETFs, what’s inside, and other thematic alternatives for investors.
Go Deep on Equal Weight ETF, SPY Competitor
ETF Database - 04/26/2023One of the big stories so far this year for the markets has been the somewhat striking performance of the S&P 500. Pulled forward by some of the biggest tech names, the lead index, and its attached ETF, the SPDR S&P 500 Trust ETF (SPY A) has proved to be a durable performer despite a series of volatility events tied to banks, rate hikes, and more. That said, it may be worth looking to an equal-weight ETF that has been outperforming SPY over the last month for a potentially better-diversified alternative.
March Punctuates Uneven First Quarter for ETF Flows
BY Ryan Jackson, Morningstar - 04/03/2023While Financials Are in Focus, Many ETFs Differ
ETF Database - 03/27/2023Though financials are 13% of the SPDR S&P 500 ETF (SPY A), roughly half the size of the information technology sector, it has been the focus throughout March. Between the regional bank failures, the efforts by the government and larger banks to restore confidence including increased borrowing from the Federal Reserve’s discount window, the impact from the Fed’s latest rate hike, and the GICS changes that reduced the sector’s dependence on banks, there’s a lot going on.
This New Bank ETF Could Throw Its Weight Around Early
ETF Database - 03/21/2023It seems like every day a new ETF launches, but 30 years in, it’s only rarely that one makes me say “yes, this makes sense, and I can see how the ETF could fit into a broader portfolio.” But the Roundhill Big Bank ETF (BIGB ) (covered here) is one of those funds — and no, this is not a recommendation to purchase it, but an attempt to put the fund in perspective.
VettaFi Voices On: Banks in Danger
ETF Database - 03/17/2023It’s not hard to guess what the hot watercooler talk was this week: the regional banking crisis. Today, the VettaFi Voices weighed in on the risk of contagion, what impact it might have on the Fed’s rate policy, and what it all means for the rest of the market and banking ETFs writ large.