Quick — what’s the best performing sector in the S&P 500 so far in June? No, it isn’t the highflying information technology sector — that’s second best.
The sector represents shares of companies most closely tied to production of raw materials used in manufacturing, including steel, aluminum and chemicals. So, why is the materials sector rallying, even as a tariff tit-for-tat between the U.S. and some of its largest trading partners is threatening to erode economic expansion?
“The market started to sense that the Fed was starting to transition from a pause to a more actively dovish stance,” Quincy Krosby, chief market strategist at Prudential Financial, told MarketWatch. She said anything that is seen as bolstering the economy-sensitive sector can deliver a jolt to shares of the materials sector.
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مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
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مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
Since 2009, when the S&P 500 passes its 50-day moving average there is 90% chance of stock market doing this nextThe S&P 500 Index just crossed over its 50-day moving average. That has happened 10 times since 2009 and has been a bullish indicator for stocks, according to CNBC data analysis. when all the 'big' sign say bullish, it's time to sell
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »