ETF Spotlight: SLV Surfing Silver’s Wave in 2024
Silver’s price is outpacing gold and the S&P 500 index in 2024.
Silver’s price is outpacing gold and the S&P 500 index in 2024.
Earnings season is poking its head around the corner for 2024 as markets (^DJI, ^IXIC, ^GSPC) spring into the second quarter. Interactive Brokers Chief Strategist Steve Sosnick sits down with Market Domination to outline what could drive stocks as companies report their latest round of earnings results. "My concern going forward is that... are we able to beat the raised bar that we've set for ourselves?" Sosnick tells Yahoo Finance. "Some companies have been able to do it. You look at a Nvidia, which is remarkably good at beating and raising, and then beating again. Most companies can't do that." Sosnick also weighs in on oil prices (CL=F, BZ=F) and their influence on energy markets and the Federal Reserve's perspective on inflation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.
SPDR Gold Trust ETF (GLD), which tracks the price of gold bullion, has gained 9.3% in the past month. In comparison, iShares Silver Trust (SLV), the ultra-popular silver ETF, has outperformed its gold cousin, climbing 12.6% in the same time frame.
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today that it has expanded its line-up of small-and-mid-cap (SMID) factor exchange traded funds (ETFs). In the first quarter of 2024 there has been an uptick of interest into notable Invesco SMID Factor ETFs as investors search for fund profiles differentiated from the large-cap growth profiles currently dominating markets.
Stocks of the biggest ETF issuers help push these funds' performances.
Here are the daily ETF fund flows for April 3, 2024.
Inflation data, in all its forms, has been under a microscope as the Federal Reserve has made it clear that it wants more data to inform its next decision on interest rates. Fed Chair Jerome Powell made a speech on Wednesday reiterating the point that it relies on inflation data, that inflation is on a "bumpy" path to the target goal, and that an interest rate cut is likely to happen within the year. Commodities have been on the rise as inflation remains and supply issues have boosted prices for commodities like golld (CC=F), while the energy sector continues to perform poorly in the long term, but may have room to grow Yahoo Finance Reporter Josh Schafer joins Market Domination Overtime to break down the top takeaways from the trading day for April 3. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Nicholas Jacobino
Investors are beginning to pick up the commodity trade as gold prices (GC=F) remain elevated after reaching an all-time high this week. Even uranium (UX=F) is seeing upward price momentum. ETF Think Tank Director of Research Cinthia Murphy joins Wealth! to discuss the growing relevance of commodities and commodity-exposed ETFs for investors. "We're seeing a lot more commentary from the market experts, the analysts, about the importance of commodities and the opportunity in commodities, which has been a segment that's typically under-owned in the advisory channel. It's under-owned by most investors, and it's at attractive positions right now because they're so overlooked so often, especially in the middle of a tech craze." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.
We highlight the factors driving the surge in the precious metal
Gas prices (RB=F) could go as high as $4 per gallon ahead of the summer driving season, according to Goldman Sachs, if geopolitical events continue to pressure crude oil prices (CL=F, BZ=F). Yahoo Finance Senior Business Reporter Ines Ferré explains the commodity price patterns. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Luke Carberry Mogan.