The final tallies for each major sector are in, and surprise! The iShares US Energy Fund (IYE), in dark green, outperformed everything else with a 26% gain. Meanwhile, iShares US Healthcare Fund (IYH) — plotted in a turquoise color — was the worst performer, logging a 1% loss in calendar 2016. The former was an impressive end to on otherwise...
By Sam Wilkin, Bloomberg OPEC output cut creates capacity to respond to supply outages Slim prospects of big shocks to supply in first half: WoodMac With Donald Trump set to enter the White House in January and populists on the march across Europe, political risk will loom large in 2017. Cautious investors may find stability in an unfamiliar place: the...
Look at how the Dow Jones Industrial Average is behaving compared with the Wilshire 5000 index By Mark Hulbert, MarketWatch Welcome to day 10 in the Dow’s so-far unsuccessful attempt to eclipse the 20,000 barrier (as judged by when this benchmark first traded within 1% of that level). Many are wondering why the Dow industrials decided to pause here, given...
By Netty Idayu Ismail, Bloomberg With two trading sessions to go, the run for the U.S. dollar has the currency on track for its best quarter since 2008. Most of the gains for the Bloomberg Dollar Index came after Nov. 8 on bets President-elect Donald Trump will boost economic growth and inflation when he takes office next year. Some are...
By Netty Idayu Ismail, Bloomberg With two trading sessions to go, the run for the U.S. dollar has the currency on track for its best quarter since 2008. Most of the gains for the Bloomberg Dollar Index came after Nov. 8 on bets President-elect Donald Trump will boost economic growth and inflation when he takes office next year. Some are...
Though the so-called Santa Claus rally — the noteworthy bullishness that usually materializes between the Christmas break and New Year's Day –– gets plenty of lip service this time of year, few of those who talk about it as a tendency every actually validate the theory. It's a real thing, though, as our chart below can verify. The graphical representation...
Though the so-called Santa Claus rally — the noteworthy bullishness that usually materializes between the Christmas break and New Year's Day –– gets plenty of lip service this time of year, few of those who talk about it as a tendency every actually validate the theory. It's a real thing, though, as our chart below can verify. The graphical representation...
Originally posted at CNBC/Reuters Oil steadied above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. Jan. 1 brings the official start of the deal agreed by the Organization of Petroleum Exporting Countries and several non-OPEC producers to lower...
Originally posted at CNBC/Reuters Oil steadied above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. Jan. 1 brings the official start of the deal agreed by the Organization of Petroleum Exporting Countries and several non-OPEC producers to lower...
A slow, pre-holiday lethargic week last week. All told, the S&P 500 gained 0.2% last week, and volume was pathetic. Traders just had their mind on other things. It's not unusual to see such a lull the few days before Christmas. Things should perk up again this week, as is also usually the case, which typically sets up a bullish...
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