SMH, Semiconductors Hit by Trump Taiwan Talk
Chipmaker stocks dropped sharply Wednesday after Trump questioned support for Taiwan.
Chipmaker stocks dropped sharply Wednesday after Trump questioned support for Taiwan.
Former President Donald Trump is scheduled to formally accept his Republican party nomination and speak at the Republican National Convention (RNC) tonight. The energy sector (XLE) will be hanging on Trump's words if he references plans to up oil (CL=F, BZ=F) drilling practices or pullback on a green energy push that has been a policy staple under the Biden administration. Senior markets reporter Ines Ferré breaks down Stifel data that compares how clean energy and traditional energy stocks performed under Trump's and President Biden's first terms. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
NEW YORK, July 18, 2024--OUNZ passes $1 billion in AUM; provides investors the option to request physical delivery of gold coins and bars.
The iShares MADE ETF is banking on a U.S. manufacturing renaissance.
-- Gold prices rose in Asian trade on Thursday, remaining close to record highs as weakness in the dollar, amid increased bets on U.S. interest rate cuts, supported the yellow metal.
The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are sinking while small caps (^RUT) are seeing a rebound of more than 10% in the last week. Wall Street Alliance Group Partner Aadil Zaman joins Wealth! host Alexandra Canal to discuss the pullback and how investors should be positioning their portfolios. June saw a 3% increase in housing starts, although single-family home construction remains at an eight-month low. John Burns Research & Consulting director of research Rick Palacios Jr. comes onto the program to provide insights into the current housing market construction dynamics. Palacios highlights a significant downturn in multi-family housing starts, noting a nearly 23% year-over-year decline. While the majority of investors are confident the economy will see the Fed's goal of a soft landing, some worry that hard landing risks are underpriced amid a slowing consumer labor market and government spending. BlackRock Head of iShares Investment Strategy Americas Kristy Akullian breaks down how investors can manage risk and protect themselves in the event that a soft landing is not achieved. Tesla (TSLA) CEO Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president's reelection campaign. This move comes despite potential conflicts with Trump's policy direction, as Trump's current vice presidential pick, Senator JD Vance (R-Oh.) seeks to eliminate nearly $100 billion in electric vehicle subsidies through his proposed "Drive American Act." For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino
While the majority of investors are confident the economy will see the Fed's goal of a soft landing, some worry that hard landing risks are underpriced amid a slowing consumer labor market and government spending. BlackRock Head of iShares Investment Strategy Americas Kristy Akullian breaks down how investors can manage risk and protect themselves in the event that a soft landing is not achieved. "We're still relatively constructive on the equity markets and on risk assets more broadly. And part of that is just because growth has held up better than we expected to. So I think that we're generally risk-on, but that certainly doesn't mean that we're reaching for risky assets," Akullian says. Instead, she encourages hedging and "getting smarter" about the volatility expected in the second half of the year. In order to manage risk, she encourages investors to pick "the highest quality companies across sectors rather than taking a really specific sector bet." She points to yields that are on offer and fixed income as solid investment opportunities to capture higher yields and diversify portfolios. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
Gold hit a record as markets are bracing for global interest rates to fall. Assassination attempt on Trump is also favoring gold.
With concerns about inflation declining, investors are feeling increasingly confident about the global economy exiting the central bank interest rate hiking cycle without an economic downturn.
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