STOCK PRICE INDEXES – UNITED STATES

The most common question on Wall Street: when will rally end?

roymorgansocial Leave a comment

Original article by Philip Baker
The Australian Financial Review – Page: 31 : 27-Oct-17

Australia’s benchmark S&P/ASX 200 Index has gained four per cent so far in 2017, and it has not ended a month in positive territory since April. Meanwhile, the major US indices have finished in the black every month except for March, and the S&P 500 has gained nearly 15 per cent in the year to date. Wall Street’s sustained rally has prompted speculation as to when it will end, but there are strong indications that the current bull run will extend beyond seven months.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, NASDAQ COMPOSITE INDEX, CLIME INVESTMENT MANAGEMENT LIMITED – ASX CIW, CITIGROUP INCORPORATED, EPFR GLOBAL

Investor U-turn amid signs the wheels are falling off Trump rally

roymorgansocial Leave a comment

Original article by Philip Baker
The Australian Financial Review – Page: 27 : 23-Aug-17

The Dow Jones Industrial Average has gained 18 per cent since the US presidential election in November 2016. However, US investor and hedge fund manager Ray Dalio says the uncertainty surrounding the Trump administration may provide the catalyst for a sharemarket correction. The future of President Donald Trump’s much-touted corporate and personal income tax cuts in particular is uncertain, and a sell-off is likely if the reforms are not passed by Congress.

CORPORATES
DOW JONES INDUSTRIAL AVERAGE INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, DEMOCRATIC PARTY (UNITED STATES), REPUBLICAN PARTY (UNITED STATES)

Wall St record highs stumble on flare-up of North Korea tension

roymorgansocial Leave a comment

Original article by Karen Maley
The Australian Financial Review – Page: 28 : 10-Aug-17

US share price indices have retreated and the Chicago Board Options Exchange’s volatility index has risen by more than 10 per cent in response to the latest war of words between President Donald Trump and North Korea’s Kim Jong-Un. However, some analysts had previously warned that the low level of the VIX suggested that financial market risk may be set to increase, and DoubleLine Capital’s Jeff Gundlach recently said that market indicators point to a rise in bond yields.

CORPORATES
DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, DOUBLELINE CAPITAL LP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED NATIONS. SECURITY COUNCIL

World shrugs off Dow high

roymorgansocial Leave a comment

Original article by David Rogers
The Australian – Page: 19 & 31 : 4-Aug-17

Sharemarkets in Australia and Asia closed lower on 3 August, despite the Dow Jones Industrial Average reaching the 22,000-point milestone. The Dow Jones has gained 20 per cent since the US presidential election in November 2016, and much of this can be attributed to a rise in stocks that have exposure to global economic growth. However, the upbeat sentiment on Wall Street has not been reflected by the Dow Jones Transportation Average Index, which has fallen close to its 200-day moving average. A significant divergence between the two indices has often signalled a pullback in the past.

CORPORATES
DOW JONES INDUSTRIAL AVERAGE INDEX, DOW JONES TRANSPORTATION AVERAGE INDEX, SUNDIAL CAPITAL RESEARCH INCORPORATED, EDWARD JONES AND COMPANY, CMC MARKETS PTY LTD, STANDARD AND POOR’S 500 INDEX, APPLE INCORPORATED, BOEING COMPANY, McDONALD’S CORPORATION, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, KOSPI INDEX, STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, SUNCORP GROUP LIMITED – ASX SUN

Technology plunge raises fears of meltdown

roymorgansocial Leave a comment

Original article by John Kehoe
The Australian Financial Review – Page: 27 : 13-Jun-17

The Nasdaq Composite Index reached a record high on 9 June 2017, before closing down 1.8 per cent amid bearish sentiment toward technology stocks. Shares in Facebook, Amazon, Apple, Netflix and Google parent Alphabet shed 3-5 per cent. The sell-off was prompted by a range of factors, including a report from Goldman Sachs suggesting that many US technology stocks are overvalued. Analysts have downplayed comparisons with the "tech wreck", while Bruce McCain of Key Private Bank says a pullback in the sector was inevitable.

CORPORATES
NASDAQ COMPOSITE INDEX, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, APPLE INCORPORATED, NETFLIX INCORPORATED, GOOGLE INCORPORATED, ALPHABET INCORPORATED, MICROSOFT CORPORATION, THE GOLDMAN SACHS GROUP INCORPORATED, KEY PRIVATE BANK, CITRON RESEARCH, NVIDIA CORPORATION, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX

Numbers look good, so where’s the euphoria?

roymorgansocial Leave a comment

Original article by David Rogers
The Australian – Page: 28 : 31-May-17

Australian bank and resources stocks rallied on 30 May 2017, allowing the benchmark S&P/ASX 200 to finish in the black after reaching a three-month low early in the session. Meanwhile, Citigroup notes that investor sentiment is not sufficiently high that a market retreat is likely, despite key US indices being at or near record highs. However, the S&P/ASX 200 and the S&P 500 have tended to underperform in the month of June, shedding an average of 2.2 per cent and 1.5 per cent respectively over the last 10 years.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, CITIGROUP GLOBAL MARKETS INCORPORATED, DOW JONES INDUSTRIAL AVERAGE INDEX, NASDAQ COMPOSITE INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Stocks bounce back, buoyed by Trump’s fiscal optimism

roymorgansocial Leave a comment

Original article by Vesna Poljak
The Australian Financial Review – Page: 23 & 34 : 11-Nov-16

The Australian sharemarket posted its largest single-day gain in more than five years on 10 November 2016, while Wall Street defied expectations of a big fall after the election of Donald Trump, finishing in the black. The Australian dollar also rallied, while local and US 10-year bond yields rose. Financial markets have scaled back the odds of a reduction in Australia’s cash rate by mid-2017, while there has been a slight easing of expectations of a rate rise in the US in December 2016.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, NIKKEI 225 INDEX, HANG SENG INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, EURO STOXX 50 INDEX, PM CAPITAL LIMITED, RESERVE BANK OF NEW ZEALAND, UNITED STATES. FEDERAL RESERVE BOARD, QIC LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Clinton victory and divided Congress ‘best for shares’

roymorgansocial Leave a comment

Original article by Vesna Poljak
The Australian Financial Review – Page: 11 & 16 : 1-Nov-16

UBS suggests that in terms the outlook for equities, the best outcome of the US election would be if Hillary Clinton becomes president but neither party has control of Congress. Wingate Asset Management’s Chad Padowitz notes that health stocks in particular could be sold down if the Democrats control both houses. Historical analysis by AMP Capital shows that since 1927, US equities have delivered better returns when a Democrat has been in the White House but one or both houses of Congress have been controlled by the Republican Party.

CORPORATES
UBS HOLDINGS PTY LTD, WINGATE ASSET MANAGEMENT PTY LTD, AMP CAPITAL INVESTORS LIMITED, DEMOCRATIC PARTY (UNITED STATES), REPUBLICAN PARTY (UNITED STATES), STANDARD AND POOR’S 500 INDEX, SANOFI PHARMACEUTICALS, DELTEC ASSET MANAGEMENT LLC, WESTPAC BANKING CORPORATION – ASX WBC, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION

Small-cap party could end in tears when the next crash comes

roymorgansocial Leave a comment

Original article by Philip Baker
The Australian Financial Review – Page: 26 : 20-Oct-16

The Dow Jones Industrial Average has gained almost 944 per cent since the Black Monday sharemarket crash of October 1987, while the S&P 500 has risen by 854 per cent. In contrast, Australia’s All Ordinaries Index has increased by nearly 245 per cent. However, analysis by Richard Coppleson of Bell Potter suggests that when dividends are taken into account the All Ordinaries Accumulation Index has only slightly underperformed the S&P 500. Meanwhile, Coppleson warns that the current rally in small-cap stocks is unsustainable and a major fallout is inevitable.

CORPORATES
DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, BELL POTTER SECURITIES LIMITED, RESERVE BANK OF AUSTRALIA

US stocks rise on Fed rate hike

roymorgansocial Leave a comment

Original article by Chelsey Dulaney
The Australian – Page: Online : 17-Dec-15

The US Federal Reserve has increased the federal funds rate by 25 basis points at its monetary policy meeting in mid-December 2015. It is the first rise in US short-term interest rates since December 2008. Investors will now be seeking guidance from Federal Reserve chair Janet Yellen on the likely timing of further rate increases. The move to tighten monetary policy has bolstered Wall Street, while the gold price and the US dollar have also risen.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, NASDAQ COMPOSITE INDEX, O’NEILL SECURITIES, NEW YORK STOCK EXCHANGE, EURO STOXX 50 INDEX