-
'We Are More Than Due For Some Turbulence': Experts React To Stock Market's Worst Day In Months
Monday, July 19, 2021 - 5:45pm | 571The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced off its early Monday lows but still closed down 1.4%, while the Dow Jones Industrial Average dropped 725 points for its worst day of 2021. The primary catalyst driving the market lower appears to be a rise in COVID-19 cases (specifically in regards...
-
The SPY Bears Look Strong, But Bulls Have Opportunity
Monday, July 19, 2021 - 10:24am | 476The SPDR S&P 500 ETF (NYSE: SPY) opened down 1.23% Monday morning after declining 0.78% intraday on Friday. The sell-off is being attributed to the increased spread of the COVID-19 Delta variant and inflation fears but the dip could provide opportunities for bullish traders. On Friday,...
-
3 Stocks Are Stephanie Link's Favorite Reopening Plays
Monday, July 19, 2021 - 9:59am | 259Although there are increased concerns about the COVID-19 Delta variant, investors should continue to hold reopening plays in their portfolios, Hightower Advisors' Stephanie Link said Monday on CNBC's "Squawk Box." The consumer continues to show increasing strength and there...
-
Is The Temporary Top In For The SPY?
Thursday, July 8, 2021 - 9:57am | 731At 2:30 a.m. ET Thursday morning, bearish volume picked up on the S&P 500 e-mini Futures and by 6:15 a.m., ES1 had fallen over 70 points. At about the same time the Volatility S&P 500 Index (NYSE: VIX) began to spike and by Thursday morning was trading at over $20. Many traders had...
-
Fintech Focus For June 28, 2021
Sunday, June 27, 2021 - 10:29pm | 1699Quote To Start The Day: “You become what you believe.” Source: Oprah Winfrey One Big Thing In Fintech: The U.K.’s Financial Conduct Authority (FCA) has ordered crypto exchange Binance to stop undertaking any regulated activity in the country. But since the exchange pulled its...
-
Should Investors Be Worried About The Delta Strain Of COVID-19?
Tuesday, June 22, 2021 - 1:25pm | 366The SPDR S&P 500 ETF Trust (NYSE: SPY) is up another 13% so far in the first half of 2021 as investors anticipate a full economic reopening this summer following the COVID-19 pandemic. Unfortunately, the new “delta” strain of the virus is reportedly spreading like wildfire. Bank of...