S&P 500 Soars: Avoid ‘Envy’ and Stay Savvy
When stocks surge and bonds lag, as they are now, convincing investors of the importance of portfolio diversification can be challenging. With the S&P 500 up nearly 12% year-to-date in mid-May and the Dow Jones Industrial Average hitting 40,000, investors may develop “S&P 500 Envy” if their returns don’t match these impressive figures. This sentiment […]
Dow Jones Hits 40,000 but Stumbles Before Achieving Milestone
Hold on to your hats. The Dow Jones Industrial Average briefly traded above 40,000 for the first time ever on Thursday but ended the day shy of a milestone that investors said could help further boost bullish spirits on Wall Street. “Breaking the 40,000 barrier is a big psychological boost for the bulls, as round […]
Market Overlooks Early U.S. Inflation Data Release
Data on U.S. consumer prices, the most eagerly awaited report of the month, was released early, and there’s no indication that anyone in the market noticed. The Bureau of Labor Statistics (BLS) announced that a subset of the files was inadvertently posted to its website about 30 minutes prior to the scheduled release time, around […]
April CPI Report Could Trigger ‘Ugly’ Stock Market Reaction—Here’s How
The stock market has rebounded in May, nearing record territory after April’s pullback. The upcoming April inflation data, due Wednesday, is seen as a potential catalyst for either new highs or another decline. Tom Essaye, founder of Sevens Report Research, analyzed the potential “good, bad, and ugly” outcomes for the April consumer-price index (CPI) reading. […]
GameStop Stock Sees Another Day of Soaring Prices
GameStop shares soared 74% on Monday following a social media post by Roaring Kitty. The shares continued their rally in premarket trade on Tuesday, marking the second day of significant gains after the investor most famously associated with the company’s 2021 surge posted on social media for the first time in three years. GameStop shares […]
Options Market Reflects Complacency Near Record Highs
Complacency is seeping back into options markets as stocks surge toward record highs once more, following a brief April selloff. This resurgence is reflected in the pricing of hedges meant to protect investors’ portfolios from potential pullbacks or market crashes. According to Rocky Fishman, founder of Asym 500, a provider of options market data and […]
