• April 2, 2024

Market is leveling out, now taking a breather: Strategist

After an outstanding first quarter in 2024, could stocks be hitting a figurative wall heading into the second quarter? Blue Line Futures President Bill Baruch and Unlimited Co-Founder, CEO, and CIO Bob Elliott sit down with the Market Domination hosts to discuss their market outlooks, which Elliott states could be entering "a turning point" in the second-quarter tied to the Federal Reserve's interest rate cut pressures. "We have had a heck of a little run, I'm looking at the 21-day moving average... we haven't closed below the 21-day moving average for the S&P since January 17. In fact, we've only closed below it three times this year... but before that it's been November 1," Baruch states. Baruch also provides commentary on the geopolitical pressures feeding into crude oil (CL=F, BZ=F) price actions. 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.

  • April 2, 2024

April is usually worst month for chip stocks. Will this continue?

Markets' Volatility Index (^VIX) is surging ahead by over 10% Tuesday morning, the second trading session in April. The month has historically been a period of "unwinding" momentum for stocks, according to BTIG Managing Director and Chief Market Technician Jonathan Krinsky. Krinsky joins Yahoo Finance Live to discuss whether the month — which is also the beginning of 2024's second quarter — could put a pause on year-to-date gains across markets and industries like the semiconductor landscape: "It's actually the worst month of the year on average for long-short momentum strategies. We're seeing areas like semis, which have had an amazing run starting to pull back. And then you're seeing areas like utilities which have lagged over the last few months start to actually perform well. There's different parts of the market doing different things. But, ultimately when you get that kind of momentum, that correlation break, that's when you see the rising Vix like we're seeing today." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

  • April 2, 2024

Oil prices lifted by forecasts for extended OPEC+ cuts

Crude oil prices (CL=F, BZ=F) are rising Tuesday, briefly peaking above $85 per barrel as OPEC+ production cuts and slowdowns attributed to geopolitical conflicts are pushing prices higher. Yahoo Finance Ines Ferré examines the price patterns for the commodity amid these events. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.

  • April 1, 2024

Market is 'evolving' towards consumer discretionary: Strategist

In the first quarter of 2024, many of the AI-led tech companies performed well, with some of the Magnificent Seven experiencing a fall from grace. With some uncertainty moving ahead, and a potential pullback from historic highs, Citi has downgraded the tech sector from Overweight to Market Weight, citing a broadening out of market gains, while upgrading the consumer discretionary sector to Overweight. Citi US Equity Strategist Scott Chronert joins Yahoo Finance to break down the calls for these sectors and take a look into how the market may perform moving forward. Chronert elaborates on his position: "The market's evolving, the market's evolving away from the tech and cyclical leadership that we've had since early November. We think we're starting to see signs that the market is gradually positioning in favor of those parts of the market that should at the margin benefit from an eventual Fed [Federal Reserve] pivot, consumer [discretionary] is front and center on that. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

  • April 1, 2024

Gold Mining Stocks Are Stupid Cheap as Gold Prices Hit Record Highs

Are you considering investing in gold mining stocks as the price of gold rallies? There are several reasons why now might be a good time. First and foremost, they can provide a quasi-form of leveraged exposure to gold prices. If the price of gold rises, gold mining stocks may rise even more. But that’s not the only reason. Many gold mining stocks offer dividends, providing a source of income in addition to potential capital appreciation. Investing in gold mining stocks can provide diversificatio