Company Overview and News
The healthcare and financials sectors led the gains in the broader indexes last week. The S&P 500 Index (SPX-INDEX) (SPY) rose 1.6% and closed at 2,786.24. The index has gained 4.2% in the first two trading weeks of the year. The index is set to cross analysts’ consensus target of 2,893 for 2018. The NASDAQ Composite (COMP-INDEX) (QQQ) rose 1.7% and ended at 7,261.06—the sixth consecutive record close. (40-0)
The equity markets kicked off 2018 in much the same way they closed out 2017 - a slow, steady march upwards. The Dow, S&P 500 and Nasdaq all posted four straight days of gains to kick off the new year. In fact, that's four new ALL-TIME HIGHS to kick off the new year too. A couple of fun stats courtesy of Ryan Detrick on Twitter… (75-0)
US stocks pared gains in the last week of 2017. The S&P 500 Index (SPX-INDEX) (SPY) cut 0.36% and finished the year 19.4% higher. The Dow Jones Industrial Average (DJI-INDEX) (DIA) fell 0.14% and trimmed its 2017 rise to 25.1%. The NASDAQ Composite (COMP-INDEX) (QQQ) fell 0.81% and closed the year by rising 28.2%. Higher corporate earnings, the growing economy, and fiscal reforms were some of the factors that provided impetus to the market. (26-0)
The big economic events that just took place were the passage of the Trump tax cut, the rate hike of 0.25% by the Fed with projections to make three more next year, and the ramping up of balance sheet reduction at the Fed. All will have either a dramatic new impact or will add dramatically to prior actions. On the one hand, we have added liquidity into our economy, and on the other hand we have reduced liquidity. (220-1)
The year 2017 is underscored by an aging eight-year bull run, which still has legs. Several events led to the rally in the stock market and impacted the ETF world in either a positive or a negative way. Below are some of the major events that hit the headlines for longer than expected and are worth watching in 2018: Tax Reform After a huge battle, President Donald Trump finally signed a massive $1. (21-0)
US stocks ended higher last week due to President Trump’s fiscal reforms. The tax reforms finally passed the US legislative process. The markets also got a boost after some companies said that they would spend the tax savings on higher wages and new construction. (38-0)
In case you missed it (and judging by the non-stop news coverage, you probably didn't), the Senate passed its version of the long-promised tax reform bill in the wee hours of this past Saturday morning. Most of the media coverage surrounding the vote is focused on the political infighting involved, but I want to focus instead on how this bill could affect your investments and, more importantly, how you can profit from it.
Fund has done a great job of delivering capital growth but nearly enough NII to cover the distribution.
The benchmark index, the S&P 500 (SPX-INDEX) (SPY), rose 2.8% in November. It has risen for the eighth consecutive month—its longest winning streak since January 2007. Last week, the index rose 1.5%, while the Dow Jones Industrial Average (DJI-INDEX) (DIA) rose 2.9%. In contrast, the NASDAQ Composite (COMP-INDEX) (QQQ) fell 0.60%. The rally in benchmark indices has come amid hopes that Congress might pass tax cuts by the end of the year. (12-0)
US equities finished the shortened trading week on a very high note. The S&P 500 Index (SPX-INDEX) (SPY), the Dow Jones Industrial Average (DJI-INDEX) (DIA), and the NASDAQ Composite (COMP-INDEX) (QQQ) reported strong weekly gains of 0.91%, 1.6%, and 0.86%, respectively. For the first time ever, the S&P 500 closed above 2,600. The markets expect that the proposed fiscal stimulus would help maintain the current economic momentum though concerns remain regarding the fate of the tax overhaul plan. (147-0)
Last week, US markets ended on a sour note. The S&P 500 Index (SPX-INDEX) (SPY) and the Dow Jones Industrial Average (DJI-INDEX) (DIA) fell 0.13% and 0.27%, respectively. On the other hand, the technology-heavy NASDAQ Composite (COMP-INDEX) (QQQ) rose 0.47%. The markets fell due to concerns regarding the fate of the tax overhaul plan. A Reuters poll showed that nearly two-thirds of economists out of the 60 that were polled aren’t confident about the legislation getting passed this year. (31-0)
The markets continued to eke out higher highs last week though they closed at a moderate loss. The S&P 500 Index (SPX-INDEX) (SPY) was down 0.21% to close at 2,582.30, while the Dow Jones Industrial Average (DJI-INDEX) (DIA) fell 0.50% to 23,422.21, and the NASDAQ Composite (COMP-INDEX) was lower by 0.20% to 6,750.94. The decline in the S&P 500 was led by weak earnings from the online travel companies and a drop in financials. (83-0)
The stock markets continued to reach new highs driven by gains in financial and technology stocks. The better-than-expected 3Q17 GDP growth rate, higher earnings from technology companies, and tax cut hopes are providing a tremendous boost to equity markets. The S&P 500 (SPX-INDEX) (SPY) rose 0.23% last week and closed at 2,581—a lifetime high. The Dow Jones Industrial Average (DJI-INDEX) (DIA) rose 0. (111-0)
Asset manager earnings estimates don't factor in likely fee pressure if record asset price levels are sustained.
Last week, the US stock market continued to make new highs almost on a daily basis. US stocks are rising due to hopes that the Trump Administration will complete a tax deal in the near future that will substantially benefit corporates. (111-0)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton