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S&P 500 is on track to have its best quarter since 2009

s&p 500
From Pippa Stevens: The S&P 500 is on track for its best quarter in a decade, up roughly 12 percent. And if history is any indication, the index could be set for more gains for the rest of the year.
NYSE:SPY March 27, 2019 11:35am

Oil prices give up ground as U.S. crude inventory rises

oil pump
From Tom DiChristopher:
NYSE:USO March 27, 2019 11:33am

Why This Gold Enthusiast Is ‘Cautious’ on Silver

gold bars
From Mike Hammer:
Yesterday I had a chance to sit down with The Gold Enthusiast, who recently caved into increasing pressure to cover silver, to ask one question: In the face of all the optimism, why are you cautious on silver right now?
NYSE:SLV March 26, 2019 4:44pm

U.S. car sales are dropping as prices of vehicles rise

money loss arrows
From Robert Ferris:
NASDAQ:CARZ March 26, 2019 2:06pm

7 Market-Moving Charts Investors Need To See

2019 Stocks increase
From Frank Holmes:

Stocks erased their weekly gains and bond yields fell on Friday as investors reacted to a number of economic developments. Chief among them were a Treasury yield curve inversion, the first since before the financial crisis, and continued slowdown in the pace of U.S. manufacturing expansion.

NYSE:PALL March 26, 2019 1:10pm

Why The Waste Management Industry Is Outperforming the Market

money flowing bills
From John Bromels: I guarantee you've witnessed -- and probably been a part of -- this industry in action within the last week, and probably within the last few hours. It's everywhere, it's growing, and over the past five years, it's absolutely destroyed the market's returns.
NYSE:EVX March 26, 2019 1:08pm

3 big threats for the S&P 500 going forward

s&p 500
From Mark Kolakowski The S&P 500 Index (SPX) tumbled by 1.9% on Friday, March 22, for its biggest one-day percentage loss since Jan. 3.
On the previous day, the widely-followed market barometer registered its highest close since Oct. 9, 2018. Rather than a temporary bout of profit taking, this may represent the beginning of a longer-lasting reversal for stocks, in the opinion of several veteran market strategists.
"The Fed can't be dovish enough to support U.S. equity markets given the acceleration in the global growth slowdown and eventual U.S. slowdown," as Peter Cecchini, global chief market strategist at Cantor Fitzgerald, opined in a recent note to clients quoted by Business Insider. Meanwhile, massive outflows from equity mutual funds indicate that there is "simply no love for stocks," said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, in a report also cited by BI.
Three big threats for stocks going forward are summarized in the table below. The S&P 500 was down fractionally on Monday, by just under 0.1%.
3 Threats That May Spur More Stock Declines
  • Net $20.7 billion redeemed from equity funds in the week ending March 21
  • Inverted yield curve in the U.S.
  • Yields on 10-year government bonds in Germany are now negative
Source: Business Insider

Significance For Investors

An inverted yield curve, in which short-term interest rates are higher than long-term rates, is historically a reliable predictor of an upcoming economic recession. In turn, the onset of a recession, or the anticipation of one, often triggers a bear market in stocks. On Friday, March 22, the U.S. yield curve inverted for the first time since 2007, which was the year in which the last U.S. recession and the last U.S. bear market began.
Leading fund managers across the globe surveyed by Bank of American Merrill Lynch now have their lowest allocation to stocks since Sept. 2016. Moreover, the net weekly outflow of $20.7 billion from equity funds happened before the March 22 plunge in the S&P 500. Whether this has spurred yet more withdrawals will be known when the next report by BofAML is released later this week.
As the largest economy in Europe, Germany is an important bellwether for the developed world. The yields on 10-year German government bonds turned negative for the first time since Oct. 2016, partly the result of declining exports to China, which is in the midst of its own economic slowdown. The impact is likely to extend to the U.S., as investors flee German bonds for U.S. Treasury securities, pushing their prices up and yields down, BI observes.

Looking Ahead

Despite these and other bearish developments, some market participants remain bullish. "We're very comfortable that the back three quarters of the year are going to show improvement over the first quarter," is the opinion of Philip Orlando, chief equity strategist at Federated Investors, in remarks on CNBC.
"I don't think we're going to retest the Christmas Eve bottoms," he asserted, adding, "We would use any weakness as a buying opportunity." He prefers large cap U.S. value stocks, as well as U.S. small cap stocks, and has a price target of 3,100 on the S&P 500, 10.8% above the March 25 close. His worst-case scenario is that the index slips to 2,600, or 7.1% below the March 25 close, if earnings are poor and corporate guidance is pessimistic.

The SPDR S&P 500 ETF Trust (SPY) was trading at $280.74 per share on Tuesday afternoon, up $1.70 (+0.61%). Year-to-date, SPY has gained 5.62%. SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 154 ETFs in the Large Cap Blend ETFs category.
This article is brought to you courtesy of Investopedia.
NYSE:SPY March 26, 2019 1:04pm

Should you be adding gold and silver to your portfolio?

long and stacked silver bars
From Paul R. La Monica:
NYSE:SLV March 25, 2019 1:36pm

Why natural gas futures opened sharply lower today

natural gas
From James Hyerczyk:

Natural gas futures opened sharply lower on Monday and the subsequent selling pressure drove the market through the previous session's low, reaffirming the downtrend on the daily chart. However, the move took the market into a technical support zone and the selling pressure subsided at $2.726.

NYSE:UNG March 25, 2019 1:33pm

Bank Stocks Could Plunge Further

bank sector
From Mark Kolakowski:
NYSE:XLF March 25, 2019 1:32pm

A low volatility, high dividend ETF at 52-week highs

ETF investing
From Todd Schriber: Growth stocks and the technology sector have been getting most of the attention for this year's market rebound, but investors that dig a little deeper will find that some defensive sectors and exchange-traded funds are performing well, too.
ETF BASIC NEWS March 25, 2019 12:47pm

Oil prices stop their multi-week move higher over worries of an economic slowdown

natural gas pipe
From Noah Browning: LONDON (Reuters) - Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC's production cuts and U.S. sanctions on Iran and Venezuela.
NYSE:USO March 25, 2019 12:41pm

Marijuana sector awaits a key vote on legalization in New Jersey

cannabis stocks
From Azi Paybarah: This week the New Jersey Legislature could pass the most progressive recreational marijuana bill in the country. Lawmakers were poised to vote on the issue as early as today.
NYSE:MJ March 25, 2019 12:27pm

Why The Gold Mining Sector Has A Bright Future

gold bars
From Madhurima Das: The Zacks Mining - Gold industry primarily includes companies that are engaged in gold mining. These companies comprise big and small players that extract gold from mines of widely varying types and scale. Notably, gold mining is a long and complex process. Before gold can be extracted, significant exploration and development is required to assess the size of the deposit as well as how to extract and process the ore efficiently, safely and responsibly. On average, it takes between 10-20 years before a gold mine is even ready to produce material that can be refined.
NYSE:GDX March 25, 2019 12:23pm

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