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Search resuls for: "State Street Global Advisors"


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☆ Debt ceiling optimism helps lift S&P 500, Nasdaq
  + stars: | 2023-05-18 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +4 min
The benchmark S&P 500 index (.SPX) rebounded from early declines on news that top U.S. congressional Republican Kevin McCarthy said a deal to raise or suspend the debt ceiling could potentially be reached in time to hold a House vote next week. On Wednesday, President Joe Biden and McCarthy reiterated their aim to strike a deal soon to raise the $31.4 trillion federal debt ceiling and agreed to talk as soon as Sunday. The debt ceiling has drawn attention away from uncertainty about the Federal Reserve's stance on interest rates. Declining issues outnumbered advancers on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners. The S&P 500 posted 23 new 52-week highs and seven new lows; the Nasdaq Composite recorded 77 new highs and 74 new lows.
☆ U.S. Fed needs a catalyst before it starts cutting interest rates, says strategist
  + stars: | 2023-05-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Fed needs a catalyst before it starts cutting interest rates, says strategistMehvish Ayub of State Street Global Advisors says "that catalyst could occur in the next six months with all of the risk events that we have on the horizon."
☆ ANALYST VIEW Markets tumble as Turkey faces runoff election after Erdogan leads first round
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +6 min
[1/2] Supporters of Turkish President Tayyip Erdogan wave flags outside the AK Party headquarters, in Ankara, Turkey May 15, 2023. DEBT: Five-year credit default swaps jumped over 100 basis points from Friday and dollar bonds fell more than 7 cents. STOCKS: Borsa Istanbul issued a market-wide circuit breaker after the benchmark index (.XU100) dropped 6.38% in pre-market trading and was last down 2.7%. PIOTR MATYS, SENIOR FOX ANALYST, IN TOUCH CAPITAL MARKETS, POLAND:"When/if President Erdogan is re-elected, the lira should be trading far more freely. CLEMENS GRAFE AND BASAK EDIZGIL, GOLDMAN SACHS, LONDON:"The (rates and CDS) market dynamics post the initial move will be dependent on the FX market.
☆ Wall St Week Ahead Amid banking woes, faltering US small-caps offer ominous economic sign
  + stars: | 2023-05-14 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
NEW YORK, May 12 (Reuters) - A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. "Typically in a recession, small caps underperform." Last month it downgraded its view on U.S. small caps from "unfavorable" to "most unfavorable." Some investors are more upbeat about the outlook for small caps, particularly when looking beyond the next several months. One reason is that small caps, being sensitive to economic fluctuations, tend to shine early in a market recovery.
☆ Wall Street ends down on nagging uncertainty about Fed rate path
  + stars: | 2023-05-03 | by ( Caroline Valetkevitch | ) www.reuters.com   time to read: +3 min
It increased interest rates by a quarter of a percentage point, as expected, and signaled it could pause further hikes. The unanimous decision lifted the U.S. central bank's benchmark overnight interest rate to the 5.00%-5.25% range, the 10th consecutive increase since March 2022. Powell said the Fed still views inflation as too high, and said it was too soon to say the rate hike cycle is over. All of the major S&P 500 sectors ended lower, with energy (.SPNY) and financials (.SPSY) down the most. The S&P 500 posted 24 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 64 new highs and 266 new lows.
☆ Equities lose ground in choppy market, dollar stays red
  + stars: | 2023-05-03 | by ( Sinéad Carew | ) www.reuters.com   time to read: +3 min
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2023. The dollar held onto earlier losses on the prospect of a rate hiking pause. U.S. Treasury yields yields fell on the Fed's signal that it could pause in its tightening cycle at the next few meetings. Benchmark 10-year notes were down 7.3 basis points to 3.366%, from 3.439% late on Tuesday. The 30-year bond was last down 4.8 basis points to yield 3.6838% while the 2-year note yield was last was down 10.5 basis points to yield 3.8748%.
☆ Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it
  + stars: | 2023-04-29 | by ( Sean Conlon | ) www.cnbc.com   time to read: +1 min
As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to capture the gains from their outperformance. Bartolini lists price momentum as a third driver of the investor shift. His SPDR Euro Stoxx 50 ETF (FEZ) is considered a broad European ETF. While the fund's top holding is LVMH at 7.29%, according to the company's website, Bartolini contends the shift applies beyond luxury stocks and to lower-end consumer stocks. His firm's website lists French cosmetics company L'Oreal — which is up almost 30% this year — as another one of his fund's major holdings.
☆ More retirement plans will soon have annuity options amid what one money manager calls 'the silent crisis of financial insecurity'
  + stars: | 2023-04-20 | by ( Jessica Dickler | ) www.cnbc.com   time to read: 1 min
Some of the nation's money management giants are tackling the growing concern that more Americans may begin to outlive their retirement savings. Starting in the fall, Fidelity will let plan participants convert some of their retirement savings into an immediate income annuity to provide pension-like payments throughout retirement. Fidelity Investments is the nation's largest provider of 401(k) plans. The financial services firm handles more than 35 million retirement accounts in total. BlackRock and State Street Global Advisors, two of the largest asset managers, also announced target-date funds with retirement income annuity options.
☆ Fidelity and State Street Push to Make 401(k)s More Like Pensions
  + stars: | 2023-04-19 | by ( Anne Tergesen | ) www.wsj.com   time to read: 1 min
Millions more Americans will have access to pension-like investments in their 401(k) plans following a new push from two of the biggest money managers. State Street Global Advisors, the world’s fourth-largest asset manager, is launching a 401(k) investment product that lets savers convert their retirement nest eggs into a steady income for life via an annuity in their target-date fund.
☆ Premarket stocks: What markets are watching after digesting the US jobs data
  + stars: | 2023-04-10 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
While inflation has come down and other economic data point to a cooling economy, the labor market has remained remarkably resilient. The labor market is cooling but not rapidly or significantly, and further rate hikes can’t be ruled out. More trouble for commercial real estateA few weeks ago, Before the Bell wrote about big problems brewing in the $20 trillion commercial real estate industry. In a worst-case scenario, anxiety about bank lending to commercial real estate could spiral, prompting customers to yank their deposits. The proportion of commercial office mortgages where borrowers are behind with payments is rising, according to Trepp, which provides data on commercial real estate.
☆ Wall Street lines up against SEC chair Gary Gensler on one of his most controversial proposals
  + stars: | 2023-03-31 | by ( Bob Pisani | ) www.cnbc.com   time to read: +15 min
However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Auctions: the industry lines up against it The auction proposal has generated a large volume of comment letters to the SEC. He has said investors today need a better understanding of how well their trading orders are being executed. Theoretically, the SEC could vote on any or all of the four proposals in a shorter time period. This is just the start This is just the start of many proposals in front of the SEC.
☆ BlackRock Communications Specialists Exit As Fink Scrutiny Mounts
  + stars: | 2023-03-29 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +7 min
At least nine people have left or are transitioning out of BlackRock's communications group. The corporate communications team has some 90 employees globally, up from 48 in 2019, a BlackRock spokesperson said. "We're fortunate the BlackRock communications team includes some of the most talented professionals in the industry and that we have continued to attract top talent as the team has grown in recent years," Badenhausen said in a statement to Insider. Jonathan Posen, a veteran speechwriter who worked as former Treasury Secretary Tim Geithner's chief writer on the financial crisis and other economic matters, joined BlackRock's communications group in 2013. The criticism reached new heights in 2022 as Republican state officials coordinated attacks on Fink and BlackRock and some pulled their investments.
☆ Recent banking volatility has not been a 'crisis,' strategist says
  + stars: | 2023-03-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecent banking volatility has not been a 'crisis,' strategist saysDes Lawrence, senior investment strategist at State Street Global Advisors Ireland, says that while there are fragilities in the banking system, it is "better regulated, better capitalized and a lot more prudent" than it was in 2008 or during the euro zone debt crisis.
☆ Wall St Week Ahead: Plunging bond yields boost stocks' allure ahead of Fed meeting
  + stars: | 2023-03-17 | by ( Lewis Krauskopf David Randall | Lewis Krauskopf | David Randall | ) www.reuters.com   time to read: +4 min
NEW YORK, March 17 (Reuters) - Whipsawed U.S. stocks have gained an unexpected ally in recent days - a historic plunge in bond yields. The volatility in fixed income markets has unsettled investors, and falling yields can reflect expectations that the Fed will cut rates because of a hit to growth. The index finished up 1.4% for the week, with strength in technology stocks outweighing sharp declines in bank shares. Tech stocks vs US bond yieldsThe near-term trajectory of yields will likely hinge on next week's Federal Reserve meeting. The S&P 500 trades at 17.5 times forward earnings estimates compared to its historic average P/E of 15.6 times, according to Refinitiv Datastream.
☆ A major inflation report and fallout from Silicon Valley Bank hang over markets in week ahead
  + stars: | 2023-03-10 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +7 min
February's consumer inflation report should be a big driver for markets in the week ahead, as investors watch for continued fallout from the shutdown of SVB Financial Group's Silicon Valley Bank. The consumer price index report on Tuesday is the last major inflation data ahead of the Federal Reserve's March 21 and 22 meeting. Silicon Valley Bank's troubles overshadowed nearly everything else in markets Thursday and Friday, as investors sought safety in the bond market and sold bank stocks. Those odds had been as high as 70% before the Silicon Valley Bank news began to hit the market. Now inflation data is being watched carefully since a very hot number could mean the Fed will become more aggressive.
☆ Stock pickers reckon it's time to move on from central banks
  + stars: | 2023-03-06 | by ( Naomi Rovnick | ) www.reuters.com   time to read: +5 min
LONDON, March 6 (Reuters) - Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. The Nasdaq (.IXIC) is still up about 12% year-to-date and a sub-index of European tech stocks has gained 15% (.SX8P). A Reuters poll of 300 global asset managers last month showed 70% of those surveyed believed these so-called value stocks would outperform this year. Another sign investors are turning towards value shares is the reduced premium they are paying for growth stocks. "Central banks will keep rates high."
☆ Boost your portfolio income with this hybrid asset. Just be aware of the recession risk
  + stars: | 2023-02-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +5 min
For yield-hungry investors, preferred stocks offer a way to boost portfolio income. Preferred stocks are a hybrid asset. They have yields, which move inversely to the value of the preferred stock – the same way bonds do. "However, with bond yields rising, the place for preferred stock in a portfolio should be used sparingly." For those who want to stretch for yield and take on a little more risk, preferred stocks are another attractive possibility.
☆ Analysis: U.S. stock rally faces uphill climb after mixed inflation data
  + stars: | 2023-02-14 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. Tuesday's closely watched inflation report on U.S. consumer prices showed the smallest annual price increase since late 2021. But the data did little to dispel expectations that the Federal Reserve will have to continue raising rates higher and keep them elevated for longer to drive inflation lower. The CPI data continues the trend of moderating annual inflation rates that have helped propel this year's rally in risk assets. Some have also expressed concern about investor positioning, which has grown stretched in recent weeks as market participants piled into the stock rally.
☆ How to Invest in the S&P 500
  + stars: | 2023-02-12 | by ( ) www.wsj.com   time to read: +9 min
The S&P 500 index, short for Standard & Poor’s 500 index, is one of the most widely traded and talked about stock indexes in the world. The Largest S&P 500 Index Funds Ticker Symbols Expense Ratio Fund Size Vanguard S&P 500 Index Fund VOO, VFFSX, VFIAX 0.010%-0.040% $792 billion SPDR S&P 500 ETF Trust SPY 0.095% $380 billion Fidelity 500 Index Fund FXAIX 0.015% $374 billion iShares Core S&P 500 ETF IVV 0.030% $307 billion Vanguard Institutional Index Fund VINIX, VIIIX 0.020%-0.035% $238 billion Morningstar DirectS&P 500 mutual funds vs. S&P 500 ETFsAnother thing to consider is whether you want to buy a traditional mutual fund or an exchange-traded fund, which trades like a stock. Equal weight, value or ESG S&P 500 fundsMoreover, if you’re concerned about the heavy weighting of certain sectors in the S&P index you can invest instead in an equal weight S&P 500 index fund or add those shares to your portfolio. Alternatively, you can buy an S&P 500 value fund, which represents stocks that are considered undervalued or an S&P 500 growth fund, which represents the fastest-growing companies in the S&P 500. Another variation on the S&P 500 index theme incorporates ESG (environmental, social and governance) values while maintaining similar overall industry group weights as the S&P 500.
☆ Watch CNBC's full market discussion with Contrast Capital Partners' Ron Insana and State Street's Mike Aroni
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full market discussion with Contrast Capital Partners' Ron Insana and State Street's Mike AroniRon Insana, Contrast Capital Partners, and Mike Aroni, State Street Global Advisors, join 'Power Lunch' to discuss the markets and what the Fed could be thinking about future rate hikes.
☆ Investors will turn attention to rate hikes on the economy, earnings and the labor market: State Street's Aroni
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors will turn attention to rate hikes on the economy, earnings and the labor market: State Street's AroniRon Insana, Contrast Capital Partners, and Mike Aroni, State Street Global Advisors, join 'Power Lunch' to discuss the markets and what the Fed could be thinking about future rate hikes.
☆ Here are the big trends to watch at the Exchange ETF conference this week
  + stars: | 2023-02-06 | by ( Bob Pisani | ) www.cnbc.com   time to read: +5 min
I'm at the ETF Exchange Conference in Miami Beach, where 2,000 registered investment advisors and ETF providers have descended on the city for the industry's largest gathering. Think active, dividend, foreign debt and alternative income ETFs," Tom Lydon, of VettaFi, the conference sponsor, told me. "I believe fixed income ETFs are setup to have a historic year," Nate Geraci from the ETF Store said in January. This year, they're back, but despite the surge in thematic ETF performance to start the year, investors have yet to throw significant sums of money into the game. "Despite the surge in thematic ETF performance to start the year, investors are yet to start allocating again.
☆ Bond yields are hot, but be smart how you invest. Here’s where to begin
  + stars: | 2023-02-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +6 min
Bond yields and prices move inversely to each other so, as rates rose, prices tumbled – and did so at an inopportune time since stocks were suffering, too. Thus, they have higher interest rate risk and greater price fluctuation. He likes short-term Treasury bond funds and ETFs. Another way to mitigate interest rate risk is to use a barbell: You hold equal amounts of shorter and longer-dated issues. "You don't have to reach too far in terms of credit risk and interest rate risk to capture healthy yield in today's environment."
☆ The first ETF is 30 years old this week. It launched a revolution in low-cost investing
  + stars: | 2023-01-23 | by ( Bob Pisani | ) www.cnbc.com   time to read: +4 min
Thirty years ago this week, State Street Global Advisors launched the Standard & Poor's Depositary Receipt (SPY), the first U.S.-based Exchange Traded Fund (ETF), which tracked the S&P 500. How ETFs differ from mutual fundsHolding an investment in an ETF structure has many advantages over a mutual fund. The reason was mutual funds and broker-dealers quickly realized there was little money in the product. On November 18, 2004, the StreetTracks Gold Shares (now called SPDR Gold Shares , symbol GLD) went public. CNBC's Bob Pisani on the floor of the New York Stock Exchange in 2004 covering the launch of the StreetTRACKS Gold Shares ETF, or GLD, now known as the SPDR Gold Trust.
☆ Emerging markets are a top investing trend for 2023. Here's the best way to take advantage
  + stars: | 2023-01-23 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +6 min
The iShares MSCI emerging market Asia exchange traded fund is up 11% and the iShares core MSCI emerging markets ETF is up more than 10% since the year began. For Kotler, it's emerging market bonds, where his firm has an overweight rating as opposed to a neutral rating on equities. One other factor that should help emerging market countries outperform in 2023 is the winding down of the strength of the U.S. dollar. Some top emerging market bond funds include the iShares JP Morgan USD Emerging Markets Bond ETF , the Vanguard Emerging Markets Government Bond ETF and the VanEck JP Morgan EM Local Currency Bond ETF. Of course, the downside to large emerging market funds is that they tend to be most heavily weighted to China, as it's the largest emerging market country.
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