|Bid||330.88 x 800|
|Ask||331.10 x 800|
|Day's range||327.92 - 331.62|
|52-week range||286.62 - 348.22|
|PE ratio (TTM)||19.58|
|YTD daily total return||0.64%|
|Beta (5Y monthly)||0.00|
|Expense ratio (net)||0.16%|
Seasonal adjustments now show we've been above 200K new claims for the past eight weeks.
Year over year GDP for 2022 comes in at +3.9%, 200 bps lower than the very strong 2021, which provided the Great Reopening from the Covid pandemic.
The market may have some answers post-Fed decision, but things are still on edge.
Year-over-year CPI, or the "inflation Rate," came in at +6.0%, just as expected, and 40 bps lower than January.
Wall Street is looking for signs of a labor market slowdown ahead of a potential recession.
Initial Jobless Claims raced ahead to 211K last week from an unrevised 190K the previous week -- the highest read we've seen so far in 2023.
A hawkish Jerome Powell is upending market expectations of a "no landing" scenario.
A large number of Americans are not receiving adequate financial advice. Dr. Rhoiney, a renowned robotic surgeon and financial literacy enthusiast, has pointed out that many Americans are "locked out of financial advice," and this is a concerning trend that needs to be addressed. Dr. Rhoiney believes that financial literacy is an essential tool for building financial stability and security. Unfortunately, many Americans -- even the wealthy -- lack access to the kind of financial advice and education that can help them achieve their goals. This can be due to a lack of resources, geographical constraints, or simply not knowing where to turn for help. One of the most significant challenges facing many Americans is the rising cost of financial advice. Many financial advisors charge high fees that can be prohibitive for those who are struggling to make ends meet. This can create a vicious cycle in which individuals are unable to access the financial advice they need to improve their financial situation. Dr. Rhoiney believes that addressing this problem requires a multi-faceted approach. First and foremost, there needs to be more education and outreach to help individuals understand the importance of financial literacy. This can include initiatives at the community level, such as financial literacy classes or workshops, as well as national campaigns to raise awareness about the issue. Another key strategy is to provide more affordable financial advice. Dr. Rhoiney suggests that there needs to be greater competition in the financial advice industry to drive down costs and make advice more accessible. Additionally, there are emerging technologies, such as robo-advisors, that can provide low-cost financial advice to individuals who might not otherwise be able to afford it. However, such services are in their infnacy and are not robust. Beware Of Bad Advice From Financial Advisors – Forbes Advisor In conclusion, Dr. Rhoiney's observations highlight the urgent need to improve financial literacy and access to financial advice in America. As he points out, too many individuals currently don't have access to good financial advice. By taking a multi-faceted approach, we can help more Americans achieve financial stability and security.
Volume weighted average price (VWAP) was created in 1988 as a benchmark for institutions to determine the quality of their order execution. It is the average price for the day, weighted by volume, with each share traded getting equal weight. The cumulative average builds throughout the day, and if more volume comes in on an up move, the VWAP will rise, but if more volume comes in as the market moves lower, the VWAP will decline, and prices will be below it. According to veteran trader and alphatrends.net founder Brian Shannon, CMT, we can determine with 100% accuracy who has control at the beginning of the day based on where the VWAP is in relation to it. When thinking about support and resistance levels, traders use the word "porosity," which is similar to drawing a trendline with a crayon instead of a straight edge, where the VWAP becomes a battleground in that area. He calls them levels of interest rather than levels of resistance. The anchored VWAP initiated from the all-time high for the NASDAQ, for instance. It measures sentiments with precision and tells us that from that top, the average long participant is losing money because the price is lower than the average, while the average short seller is making money. Shannon advises that as the market comes up to the anchored VWAP, not only will long people be looking to break even, but short sellers might put a big offer on there and try to scare the long holders out of it. He sees it as a transition of a balance of power, and if buyers are able to wrestle away control and take control of the trend, prices can re-emerge in a new uptrend supported by the average participant being in a profitable position and the average short seller scrambling to cover their losses. Shannon advises looking at the shorter-term timeframe for trend alignment and measuring sentiment and psychology to determine who is in control from a particular event. He suggests measuring VWAP from an event and looking for the first couple of days or two, where buyers gain control, and then a battle ensues where sellers regain control. By analyzing the sentiment and psychology, traders can determine whether the buyers or sellers have regained control and make informed trading decisions.
Yahoo Finance’s Jared Blikre is joined by AlphaTrends.net Founder, Brian Shannon, CMT, as they discuss anchored VWAP.
What to know in markets on Thursday, February 9, 2023.
At 3.5%, we are officially back down to pre-pandemic levels on unemployment.
We'll know a lot more about our economic situation a week from today than we do now.
Volumes ought to be rather low today, if we go by history. It's Christmas weekend, after all.
The FOMC statement today will be parsed carefully to see if there are any clues in the language whether this era of aggressive rate hikes is about to come to an end.
The "official" definition of a "Santa Claus Rally" is a stock market catching a bid the week between Christmas and New Year's Day -- after Christmas, not before.
We see higher-than-expected numbers this morning on weekly jobless claims, durable goods and airline travel.
With a Fed meeting still in our rearview mirror, these data points will not be directly consequential.
What to watch in markets Thursday, Oct. 20, 2022.
ICF and DXJ saw massive trading volumes in yesterday session.
+6.2% for the PCE Price Index year over year is down 20 bps from July.
For all the negative talk and Fed-shaming we've endured of late (much of it for good reasons), the ball is definitely rolling.