Increased optimism on Monday resulting from a reported U.S.-China trade truce following the G-20 conference followed by a stronger-than-expected employment report on Friday moved U.S. stock markets higher, strengthened the U.S. dollar and increased the 10-year U.S. Treasury rate.
Chart of the week from Ryan Giannotto…. A classic case for diversification? Investors had 5 times the chance of picking a stock in the S&P 500 with a 30% or greater loss in 2018 vs. 2017.
Increased optimism on Monday resulting from a reported U.S.-China trade truce following the G-20 conference followed by a stronger-than-expected employment report on Friday moved U.S. stock markets higher, strengthened the U.S. dollar and increased the 10-year U.S. Treasury rate.
Comments from U.S Federal Reserve Bank officials, including Fed Chairman Jerome Powell, lowered expectations of of two rate cuts this year, pushing U.S stock markets slightly lower while leaving the U.S. dollar practically unchanged.
GraniteShares, a disruptive exchange-traded fund (ETF) company, debuted a revised methodology for the index underlying the GraniteShares HIPS US High Income ETF (NYSE Arca: HIPS), a high alternative income-focused fund that invests in a diversified basket of pass-through securities.
While generating sustainable yield for income investing has never been an easy task, the latest shockwaves to reverberate through interest rate markets have only compounded this challenge. The core of this problem for investors, whether retirees, long-term savers, or anyone looking to diversify their returns, is they are probably looking for yield in all the wrong places.
On June 17, GraniteShares CEO Will Rhind sat down with Nicole Petallides to discuss the hunt for yield. See video >>
A common refrain among gold investors over the past several years has been, gold may be rallying, just not in your currency. This statement has been particularly true for U.S. investors, where periods of dollar strength exacerbated the sideways trading nature of gold since 2013.
Despite ECB statements indicating more stimulus would be needed and greatly increased tensions between the U.S. and Iran precipitated by Iran’s shooting down of a U.S. drone on Thursday, the U.S. dollar sharply weakened following U.S. Federal Reserve Bank Chairman Jerome Powell’s comments – at the end of the 2-day FOMC meeting – that the Fed would act as needed to sustain economic growth.
Over the last year, gold has outperformed the S&P 500. Between Powell, a weaker dollar, and geopolitical tensions, will gold break out of its 6-year hibernation?