Passive funds were heavily favored over active, as investors continued to trend towards low-fee, broad-market products to take advantage of the ongoing global bull market, showing a particular preference for exchange-traded funds, which sit at the center of all these trends. However, the returns side of the equation was more nuanced, as active managers staged their best aggregate performance in years, helped by a long-awaited rise in stock dispersions.
According to Joshua Brown, CEO of Ritholtz Wealth Management and a closely watched market commentator, the “lackadaisically bullish consensus” for equity gains in 2018—driven by synchronized
Consider that the S&P 500 and Dow industrials have registered consecutive record closes, though narrowly, and both benchmarks are vying to build on statistically unusual November breakouts.
February gold fell $5.20, or 0.4%, to settle at $1,241.70 an ounce. Prices saw their lowest finish since July 27, according to FactSet data. Gold was down about 2.6% for last week, a third-straight weekly loss. It’s trading up about 7.9% so far this year.
The 200-day moving average is seen by many chart watchers as a dividing line between longer-term uptrends and downtrends. The 50-day moving average is viewed by many as a short-term trend tracker.<
Wall Street is pricing in near certainty of a quarter-percentage point increase to benchmark interest rates at the conclusion of the Fed’s meeting on Wednesday, which will be the penultimate one
The benchmark index has returned 20.7% this year through Dec. 8, with dividends reinvested. Here’s how the S&P 500’s sectors have performed:
In the process, the S&P 500 and Dow industrials are vying for consecutive record closes, while the Nasdaq Composite has extended its rally from trendline support.
What are the main benchmarks doing?
The 1,015 Americans Gallup surveyed in early November, who had at least $10,000 to invest outside retirement plans, were particularly optimistic about the economy, the stock market and employment. Retirees, who comprise one-third of the sample, were even more hopeful than the two-thirds of those surveyed who were still working.