stock

Bank of America Climbs on Analyst Upgrade

Shares of Bank of America (BAC)  rose Tuesday after BMO Capital upgraded the financial-services company to outperform from market perform. Analyst James Fotheringham kept his price target for the Charlotte, N.C.-based bank unchanged at $37. In a note to investors, Fotheringham said he expects upward consensus estimates revisions and a “multiple re-rating” to drive 34% total return in

Business & Finance

Jerome

As U.S. Economy Downshifts, Fed Chief Powell Prepares to Alter His Message

In the year and a half since Jerome Powell took over as chairman of the Federal Reserve, one thing has become clear: He usually doesn’t surprise people. Historically, the central bank has raised interest rates when the economy is strong — to keep it from overheating — and cut them when a slowdown is coming — to

Funds

100297024-etf.530x298

Time to Book Profits on the S&P 500 ETF

The S&P 500 is traded using the exchange-traded fund called SPDR S&P ETF Trust (SPY) , which active traders call “Spiders.” We know that Spiders declined into bear market territory from their all-time intraday high of $293.94 set on Sept. 21 to their Dec. 26 low of $233.76, down 20.4% marking the bear market. From this

Bonds

Why Foreign Investors Are Showing Interest in China’s Bond Market

Beginning in April, Bloomberg will add local currency denominated Chinese bonds to its Bloomberg Barclays Global Aggregate Index. Chinese government bonds (CGBs) and securities issued by China’s policy banks will eventually account for 5.5 percent of the $53.7 trillion index, one of the most widely followed benchmarks for global bond managers. This will make China’s

Commodities

Is the Dollar a Reliable Indicator for Gold in 2019?

Being a gold bull right now isn’t easy because there’s a good chance that the $1,343 high set back in February was a top. It’s around the same level that gold peaked in early 2018 and mid-2016. Gold had a strong run between October 2018 and February 2019 but prices are 5 percent lower since

Currencies

Is the Dollar a Reliable Indicator for Gold in 2019?

Being a gold bull right now isn’t easy because there’s a good chance that the $1,343 high set back in February was a top. It’s around the same level that gold peaked in early 2018 and mid-2016. Gold had a strong run between October 2018 and February 2019 but prices are 5 percent lower since

Top