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Last week, the gold spot price decreased by 1.16% and the U.S. Dollar Index increased by 0.6%.
U.S. equity markets posted losses in all three indexes last week. The S&P 500 lost 0.69%, the NASDAQ Composite decreased by 1.57%, and the Dow Jones Industrial Average fell 0.01%.
Gold prices slowed last week after climbing sharply the previous week.
Last week was a wild ride in cryptocurrency land. On November 4, the largest and most well-known proxy for the cryptocurrency space, bitcoin, traded around $21,130 USD per bitcoin. By Monday morning, it was trading below $16,000, a drop of nearly 25%.
The major U.S. stock market indexes were up last week. The S&P 500 increased by 5.90%, the Dow Jones Industrial Average gained 4.15%, the NASDAQ Composite was up 8.10%, and the Russell 2000 small-capitalization index rose 4.60%. The 10-year Treasury bond yield fell 35 basis points to 3.81%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,771.24, up 5.31%.
Last week, the gold spot price was up 5.31% and the U.S. Dollar Index fell 4.14%.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 rose 5.90%, the NASDAQ Composite rose 8.10%, and the Dow Jones Industrial Average gained 4.15%.
Gold prices exploded upward last week, gaining almost $100 per ounce.
In 1999, I began working with writer Susan Ward at the weekly financial news magazine Barron’s to produce a series of columns on Flexible Plan Investments’ (FPI’s) Political Seasonality Index (PSI). In the first issue of each year, we would show a chart of the turning points in the Dow Jones Industrial Average (DJIA) for the year ahead based on the twists and turns of the PSI. In the final issue of the year, we would republish the forecast chart from January and overlay the actual chart of the Dow during the past year and see how closely the Dow followed the predicted course.
The major U.S. stock market indexes were down last week. The S&P 500 decreased by 3.35%, the Dow Jones Industrial Average lost 1.40%, the NASDAQ Composite was down 5.65%, and the Russell 2000 small-capitalization index fell 2.55%. The 10-year Treasury bond yield rose 15 basis points to 4.16%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,681.87, up 2.25%.
With an estimated 10,000 baby boomers reaching the retirement age of 65 each day over the next eight years, it is little wonder that both the general media and financial press are saturated with retirement-focused content. And there are many good reasons for that.
U.S. equity markets posted losses in all three indexes last week. The S&P 500 lost 3.35%, the NASDAQ Composite went down 5.65%, and the Dow Jones Industrial Average fell 1.40%.
Last week, the gold spot price increased by 2.25% and the U.S. Dollar Index rose 0.11%.
Last week, gold prices declined again to previous support levels, forming a “triple bottom.”
October ETF Deathwatch contains 507 zombie ETFs and ETNs.
The major U.S. stock market indexes finished up last week. The S&P 500 jumped 3.95%, the Dow Jones Industrial Average gained 5.72%, the NASDAQ Composite was up 2.24%, and the Russell 2000 small-capitalization index rose 6.01%. The 10-year Treasury bond yield fell 20 basis points to 4.01%, sending bond prices higher for the week. Spot gold closed the week at $1,644.86, down 0.77%.
Investors often ask me, “What is active management?” Many confuse the phrase “active management” with the simple act of running a mutual fund populated with stock picks within the strict guidelines of a prospectus, as opposed to running an index fund, where the manager simply buys and holds the shares making up a particular stock or bond index.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 increased 3.95%, the NASDAQ Composite was up 2.24%, and the Dow Jones Industrial Average gained 5.72%.
Last week, the gold spot price was down 0.77% and the U.S. Dollar Index lost 1.12%.
Last week, gold prices continued moving up from the “double bottom” formation that signaled a coming reversal.
The major market indexes finished higher last week. The Dow Jones Industrial Average gained 4.9%, the S&P 500 Index rose 4.7%, the NASDAQ Composite climbed 5.2%, and the Russell 2000 small-capitalization index picked up 3.5%. The 10-year Treasury bond yield rose 20 basis points to 4.222%, sending bond prices lower for the week. Gold futures closed at $1,656.30, up $7.40 per ounce, or 0.45%.
It’s October, and Halloween is just around the corner. But at Flexible Plan Investments (FPI), we’re always searching for the monsters in your investment portfolio.
U.S. equity markets posted gains in all three indexes last week. The S&P 500 gained 4.74%, the NASDAQ Composite went up 5.22%, and the Dow Jones Industrial Average gained 4.89%.
Last week, the gold spot price increased by 0.8% and the U.S. Dollar Index was down by 1.15%.
Gold prices declined to the previous low set in September, forming a double bottom at around $1,620 per ounce.
Inflation continued to be the major factor affecting markets in the third quarter. The second quarter saw the largest interest-rate increases in recent memory. The third quarter saw the continuation of those increases.
Decisions. We have to make them every day on a whole range of matters. While most decisions seem to revolve around choosing between alternatives, another category of decisions tends to be more critical in the scheme of things.
U.S. equity markets posted gains in one of the three indexes last week. The S&P 500 fell 1.55%, the NASDAQ Composite lost 3.11%, and the Dow Jones Industrial Average gained 1.15%.
Last week, the gold spot price decreased by 2.97% and the U.S. Dollar Index increased by 0.46%.
Gold prices retraced back to the resistance/support line, closing last week at $1,648.90 per ounce.
September ETF Deathwatch contains 499 zombie ETFs and ETNs.
I am sure anyone interested in major league baseball has followed—either fanatically closely (like New York Yankees supporters) or just as casual fans of the game—the remarkable 2022 season of the Yankees’ outfielder Aaron Judge.
The major U.S. stock market indexes rose slightly last week after experiencing significant declines. The Russell 2000 was the best performer, rising 2.25%. The NASDAQ Composite was the worst performer, increasing by 0.73%. The S&P 500 gained 1.51% as the market found some relief from heavy selling. The 10-year Treasury bond yield rose 5 basis points to 3.88%, continuing a run-up that began on August 1. Spot gold closed the week at $1,694.82, up 2.06%.
Last week, the gold spot price gained 2.06% and the U.S. Dollar Index increased 0.6%.
U.S. equity markets posted gains in all three indexes last week.
Last week, gold prices broke through the resistance line, indicating a reversal of trend to the upside as they climbed toward their 50-day moving average.
I was reading some history recently that focused on the Second World War. It contradicted a long-held belief. I’d always heard that the Maginot Line was a colossal failure.
August ETF Deathwatch contains 465 zombie ETFs and ETNs.
In July, 20 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 31 were removed, bringing the total to 466.
It was over 30 years ago. I sat in a pew in a little church on the village green of Franklin, Michigan. It was the usual Sunday service, but I was stirred by the sermon from a minister who was still relatively new to me.
Throughout my life, I have been a fan of science fiction. To pick up a book that can take me on a journey through space or time has never failed to remove me from the everyday and broaden my horizons.
“Nothing is certain except death and taxes.” How often that phrase has been quoted since Ben Franklin penned it in a letter to his friend, the French scientist Jean-Baptiste Leroy, in the midst of the French Revolution.
A few years ago, staff members were waiting for us at the airport, which was teeming with people when the transatlantic plane touched down. In a crowded, cavernous room, with signs everywhere, they found our luggage and escorted us through customs. Whisked into a private car, they sped us to the dock and our rivercraft.
Over the years I have written about “Plan B Investing” and “Just-In-Case Investing.” Both of these are similar but different.