Tokyo CPI inflation slides below 2% in April as BOJ meeting approaches
-- Consumer price index inflation in Tokyo grew substantially less than expected in April, sinking below the Bank of Japan’s annual target and somewhat complicating...
-- Consumer price index inflation in Tokyo grew substantially less than expected in April, sinking below the Bank of Japan’s annual target and somewhat complicating...
ETFs that hedge are likely to gain in popularity this year.
The younger sibling of the popular QQQ ETF had $2.8 billion in inflows for the first quarter.
Shares of the social media giant tumbled by double digits on Thursday.
Despite Thursday's weaker-than-expected GDP figure, which hinted at a slowing economy, Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner joins Market Domination to explain why this number doesn't accurately reflect the economy's growth trajectory. Lerner argues that the GDP data was fine "underneath the hood," showing that consumers and businesses were still spending, and underlying demand remained robust. He notes, "the market's hanging in there relatively well," emphasizing that a deeper examination of the GDP components revealed "there's still solid economic growth." On the inflation front, Lerner acknowledges that he had anticipated a post-pandemic economic slowdown. However, even with solid growth, he remains optimistic that inflation can be brought down to the 2% target. Addressing concerns about stagflation, he states, "It's a risk, not our base case." Lerner points to the strong performance of the energy (XLE), financials (XLF), and industrials (XLI) sectors as evidence that "the market is telling you that we don't have a growth problem at this point." This market behavior reinforces his view that the underlying economic fundamentals remain robust, despite the weaker GDP reading. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
This utilities ETF hits a new 52-week high. Are more gains in store for this ETF?
- The U.S. dollar slipped lower Thursday, retreating from last week’s five-month highs ahead of the release of key U.S. growth data, while the Japanese yen...
-- Chinese deflation has remained in play even as recent gross domestic product data showed some improvement in economic growth. This trend raised the question of...
Semiconductors remain a red hot field of technology. Market analyst Charlie Bilello pointed out in a recent blog post that the iShares Semiconductor ETF (NASDAQ: SOXX) has outperformed every other industry group over the last decade, rising 10x. The Invesco QQQ ETF (NASDAQ:QQQ) that tracks the Nasdaq 100 index is up 4.3x in the last 10 years, while leading gold and energy ETFs have each increased 1.5x. Bilello calls the move higher in semiconductors relative to the broader market “parabolic.” Cl
-- Most Asian currencies kept to a tight range on Thursday, while the dollar steadied amid uncertainty over U.S. interest rates ahead of key economic signals in the...