Tesla, gold and the dollar soar—an ‘everything rally’ has some stock-market investors fearing how it all ends

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Tesla, gold and the dollar soar: What happens when everything on Wall Street seems to rise at once?

What happens when everything rises all at once? That’s what some investors are scratching their heads about as they look out at the current landscape on Wall Street.

Frank Cappelleri, executive director at Instinet, wrote that 19 exchange-traded funds were at or near records, including the iShares Global Infrastructure ETF IGF, +0.00%, Utilities Select Sector SPDR ETF XLU, -1.08% and First Trust Dow Jones Internet Index Fund FDN, +0.15%. Michael Antonelli, market strategist at Robert W. Baird & Co., said that the market’s multiasset rise can be attributed to one thing: “unprecedented stimulus.” Notably, easy-money policies from the Federal Reserve, which has kept U.S. benchmark rates at a 1.50%-1.75% range, with investors betting that the central bank will be more inclined to cut rates than to raise them in the near term, particularly with China’s COVID-19 outbreak emerging as a global threat.

Fresh stimulus from China and an accommodative Fed may not provide much comfort, said Vincent Deluard, global macro strategist at INTL FCStone. “Even large-caps are not immune to the earnings recession: profits for the S&P 495 index declined by 3.9% in the past quarter.Legendary mutual-fund manager John Templeton once said that bull markets don’t succumb to old age, but die in a bout of euphoria.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Dow futures rise, Tesla jumps, Virgin Galactic spikesA discussion of all that's moving the market today including the coronavirus, another jumpin Virgin Galactic shares and more.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: Stocks at lows, Apple leads slide, Tesla jumps, Utilities recordStock market live updates: The Dow just hit session lows, dropping as much as 260 points at its lowest point. 🚨🚨🚨🚨 Major global slowdown in economic activity predicted for Spring 2020. 🚨🚨🚨🚨 Stop Talking about bill gates and his corovirus virus and the the market will go up
Source: CNBC - 🏆 12. / 72 Read more »

Leon Cooperman says the market has become too pessimistic on energy stocks, too euphoric on TeslaBillionaire investor and founder of Omega Advisors Leon Cooperman spoke with CNBC on the 'Halftime Report.' gee, wonder if he’s getting killed on energy ...asking for a friend Only way to combat $tsla is for energy and auto to come together to develop sustainable bio fuel for combustion engines. Methane, bio diesel, algae based ethanol . Problem is AV is easier with electronic motors vs combustion. The real problem for energy will be when elonmusk combines his solarglass with Tesla
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Apple, Legg Mason, Virgin Galactic, Tesla and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »