Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a bullish response from investors.
The appetite for risk has taken a hit in recent weeks, although the worst of the selling has, so far, been contained to US stocks, on a year-to-date basis.
As the stock market wades through volatility, gold surged above $3000 per ounce on Friday. While the traditional safe haven for investors soars amid uncertainty, this expert highlights how the yellow metal undergoes correction after sharp gains.
The SPDR S&P 500 ETF (NYSESPY) has arguably been the world's most popular exchange-traded fund over the past three decades, serving as the go-to choice for those looking to bet on the U.S. stock market.
Analysts expect an 11.4% drop in third-quarter sales — the worst decline in the last five quarters — and a 70.6% drop in EPS, according to Koyfin data.
If you believe in your investment, and bad news is market-wide - a hiccup and not about your stock - if you can, you hold through the intervening chaos.
What’s clear is that the nerve center for trade war jitters has rapidly shifted. Equities have now overtaken FX and bond yields as the most sensitive asset class to tariff headlines.
Both SPY and QQQ must get back over and close above their 50-WMA to convince bulls the move Friday, while a reversal in the works, is not just a dead cat bounce.
