Market is Price

The political divisions in Washington are being felt down to the returns lawmakers generate from their controversial stock-trading bets. Perhaps the best measure of this trading — which a slew of lawmakers and outside groups say should be banned entirely — are two regularly rebalanced exchange-traded funds that allow traders to mimic lawmaker holdings by party . The two ETFs are managed by Subversive Capital, with NANC tracking Democrats and KRUZ following the Republicans. Since the funds launched in early February of this year, Democratic investments have outperformed the market and risen by nearly 20% while the GOP has lagged but nonetheless delivered a return just over 9%. The returns — put another way — almost exactly split the difference between the 14.55% offered by the S&P 500 over that same period, according to Yahoo Finance data. "We are in a divided world now," said Subversive Capital portfolio manager Christian Cooper, who manages the two funds. In Cong...

At this point, the Cincinnati Bengals are an interesting opponent for the Kansas City Chiefs . In recent seasons, they have been an important rival — ending one of the Chiefs’ Super Bowl runs and watching Kansas City continue another. But as the 2023 season winds down, the Chiefs are the ones who have been bungling things. S ince the bye week, Kansas City has dropped four of six games. In what looked like the easier half of the season, this is hardly the result we expected. Rather than making progress, the Chiefs’ offense feels like it’s been going backward. Can the team turn things around to clinch the AFC West? If so, they’ll rely on these players to continue (or reverse) their recent trends. Bulls Photo by David Eulitt/Getty Images EDGE George Karlaftis: 2022’s first-round draft pick is on the verge of achieving something many of us never expected of him: with nine quarterback sacks heading into this weekend’s game, there’s a very good chance that he reaches double-digits...

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Joan Rivers’ iconic New York City penthouse, which she staunchly believed was haunted, has been pulled from the market after nearly three years without finding a buyer, The Post has learned. This decision follows a jaw-dropping $3.5 million price cut four months ago, signaling a struggle to entice potential purchasers into this opulent Versailles-inspired penthouse. Situated on Manhattan’s Upper East Side on 62nd Street near Fifth Avenue, the abode once owned by the comedic legend until her passing in 2014 was initially sold for $24 million by her estate — a considerable dip from the original $28 million asking price. Its current proprietor, Prince Muhammad bin Fahd of the Saudi royal family, son of the late King Fahd, and former governor of Saudi Arabia’s Eastern Province, attempted a resale in 2021 at a staggering $38 million. This exquisite property boasts breathtaking views of Central Park, a grandeur that justifies its lofty valuation. A large entryway where the marbled s...

Declining mortgage rates and a double-digit increase in new listings are bringing house hunters off the sidelines, with pending sales posting their smallest decline in about 20 months, Redfin says. U.S. pending home sales dropped 4% year over year during the four weeks ending Dec. 24, the smallest decline since March 2022. As of Wednesday, the daily average 30-year fixed mortgage rate was 6.61%, the lowest it's been since May. Mortgage-purchase applications were down 1% from a week earlier, but up 7% from a month ago. As of Dec. 24, the median sale price for homes was $364,250, up 4.5% from last year. Adblock test (Why?) from "market" - Google News https://ift.tt/AgxjImb via IFTTT

LIVE UPDATES Stock Market Today: S&P 500 Futures Steady on Last Trading Day of 2023 Markets could end the year with an all-time record for the S&P 500 Last Updated:  Dec. 29, 2023 at 9:10 AM EST It’s the last trading day of a blockbuster year, and the S&P 500 is just shy of a new record. Stock futures held steady Friday. If stocks rise, it will be the sixth consecutive day of gains for the index. A big enough jump–around 0.3%–would take the S&P 500 past the previous high-point reached in January 2022. The index is poised to finish the year up 25%, defying the impact of higher interest rates, a new war in the Middle East (let alone the continuing conflict in Ukraine) and a regional banking crisis. The biggest gainer in the S&P 500 over 2023 was chipmaker Nvidia, which gained a stonking 240% through Thursday. Not far behind is Meta Platforms, up nearly 200%, rewarding those who had faith in Mark Zuckerberg to turn the ...

Here are the most important news items that investors need to start their trading day: 1. One day more Friday is the final trading day of 2023, and the S&P 500 is within 0.28% of the all-time closing high it's been chasing this week. The broad market index was little changed on Thursday, for year-to-date gains of more than 24% with just one session to go. The Dow Jones Industrial Average , already at a record, advanced 0.14% Thursday and is up almost 14% on the year, while the Nasdaq Composite held steady for year-to-date gains of 44%. Follow live market updates. 2. Powering down Shoppers converge in a Target store ahead of the Thanksgiving holiday and traditional Black Friday sales in Chicago, Illinois, U.S. November 21, 2023.  Vincent Alban | Reuters The boom times of consumer spending may be winding down, as some companies start to lose their pricing power . The Covid pandemic ushered in a lengthy period of big spending on everything from home improv...

In a recent trend, markets have seen a substantial surge in cash inflows, with a total of $1.3 trillion pouring into money market funds. This influx includes $276 billion allocated to non-US equities and bonds. Notably, December witnessed a significant portion of these inflows, with around $40 billion flowing into the SPDR S&P 500 ETF trust ( SPY ), indicating renewed investor confidence. Yahoo Finance’s Jared Blikre reports on previous trends and the relationship between cash demand and recession risks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Adblock test (Why?) from "market" - Google News https://ift.tt/ANVsY0J via IFTTT

Money-market assets rebounded after back-to-back weekly declines, led higher by flows into government funds. About $16.4 billion flowed into US money-market funds in the week through Dec. 27, according to Investment Company Institute data. Total assets rose to $5.89 trillion from $5.87 trillion the week prior. Adblock test (Why?) from "market" - Google News https://ift.tt/sVjni8I via IFTTT

Shaking off a woeful performance last year, the stock market soared to record highs in 2023. The S&P 500 -- the index that most people's 401(k)'s track -- climbed nearly 25% this year, as of Wednesday. The Dow Jones Industrial Average leapt 13%; while the tech-heavy Nasdaq rose a staggering 44%. Looking ahead, a central question looms over Wall Street: Will the good times keep rolling? The stellar performance owed in large part to optimism about the prospects for a " soft landing ," in which inflation comes down to normal levels while the economy avoids a recession, prominent experts said in end-of-year reports. Investor enthusiasm about AI also helped drive returns, they added. Analysts differ significantly in their outlooks for 2024, however, while some fear a potential downturn could bludgeon markets and others expect slow but steady growth that will lift stock prices. The U.S. economy achieved some major successes this year, emboldening investors and r...

The stock market pumped the brakes in October but quickly restarted its engines again. As of Dec. 26, the S&P 500 ( ^GSPC -0.03% ) has gained 16% in two months, erasing the October swoon and then some. Some would call this a market recovery; others see the technical qualities of a proper bull market . I'm here to show you a couple of great companies taking this opportunity by the horns. With gains ranging from 24% to 63% since the October trough, the two stocks below are leading this recovery from the driver's seat. Making the business world a smaller, simpler place Let's start with the milder two-month gain. Shares of international e-commerce technologist Global-e Online ( GLBE 0.87% ) have gained 24% since Oct. 27. In all fairness, the stock trades at a lofty valuation of 12 times sales and 88 times free cash flow , but I still think it's a bargain in the long run. This company holds a unique position in a potentially massive market. Global-e's se...

Stocks struggled to find solid ground after approaching a record on bets the Federal Reserve will cut rates next year. Without any major economic data or significant corporate events, the S&P 500 wavered. With just a few days left before the end of 2023 — when volume tends to shrink — some traders are citing an old Wall Street adage that says “never short a dull market.” Yet concerns about a reality check have surfaced amid overbought levels and warnings about overly dovish Fed wagers. Adblock test (Why?) from "market" - Google News https://ift.tt/wro39LZ via IFTTT

This year was a particularly tough one for buyers looking to break into the housing market—and many blame the baby boomers for this year’s low inventory levels, saying that the boomers are holding on to their homes for too long, blocking already-struggling millennials and Gen Zers from homeownership. But some experts project that downsizing boomers will bring extra inventory to the market starting next year. If true, that would be a major shift, unlocking the greatest portion of housing wealth held by any generation ( $18 trillion , according to a Redfin report released in August.) In early November, Meredith Whitney, deemed the “Oracle of Wall Street” by Bloomberg for accurately predicting the 2008 financial crisis , made the call that a “silver tsunami” of baby boomers would start downsizing in 2024 and 2025. Whitney said 51% of people over the age of 50 are set to downsize to smaller homes, citing an AARP report at a Yahoo Finance Invest Conference. This move would bring mor...

Real Estate Home prices may pick up speed after the Fed cuts rates with 88% of the housing market still overvalued, Fitch says Filip De Mott 2023-12-25T12:44:01Z (Left) Kevin Dietsch/Getty Images, (Right) Getty Images Redeem now Home prices may pick up speed after the Fed cuts rates next year, according to Fitch. The ratings agency see prices rising as much as 3% next year and up to 4% in 2025. That would come after the Fed is expected to cut rates by 75 basis points in 2024. Home prices may pick up speed after the Federal Reserve cuts rates next year, Fitch Ratings said, offering little relief to an already-overvalued housing market. In line with the central bank's own projections, Fitch expects the Federal Reserve to cut interest rates by 75 basis points in 2024.  Meanwhile, home prices are expected to move up 0%-3% next year, followed by a 2%-4% boost in 2025. "This will continue to impact affordability, parti...