|Bid||0.00 x 900|
|Ask||0.00 x 4000|
|Day's range||74.17 - 77.71|
|52-week range||48.97 - 99.20|
|PE ratio (TTM)||21.67|
|YTD daily total return||26.91%|
|Beta (5Y monthly)||3.02|
|Expense ratio (net)||1.00%|
The market is currently in a compelling state, likened to a tightly stretched rubber band with equal pressure from both sides, despite consumer discretionary stocks (XLY) having achieved gains of over 20% since the beginning of the year. This was discussed on Monday by Seana Smith and Brad Smith, who invited Dylan Ratigan, host of TastyTrade's Truth or Skepticism, to join them.
The U.S. federal government could face a shutdown on October 1, if politicians fail to reach a budget agreement. This impending situation could cause temporary economic damage due to reduced consumer confidence and interruptions in defense and healthcare spending. However, the impact is expected to be short-lived, as previous shutdowns have typically lasted only a few days and most employees have received back pay.
Prominent market strategists, Manish Kabra of Societe Generale (OTC:SCGLY) and John Stoltzfus from Oppenheimer Asset Management revised their year-end predictions for the S&P 500 index upward on Monday. This adjustment is a response to recent market dynamics, including a strong earnings season and a surge in artificial intelligence (AI) investments.