-- Gold prices fell in Asian trade on Monday, as a rush into risk-driven assets, on the back of increased rate cut expectations, largely left out the yellow metal, even as the dollar sank.
A conservative-leaning ETF was up slightly, although two others were in the red.
-- Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data that is likely to factor into the outlook for interest rates.
CHICAGO, May 30, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces May income distributions for its ETFs. ETF NameTickerAmount per ShareEx-DateRecord DatePayable DateAmplify Cash Flow Dividend Leaders ETFCOWS$0.074245/30/20245/30/20245/31/2024Amplify CWP Enhanced Dividend Income ETFDIVO$0.154075/30/20245/30/20245/31/2024Amplify Cash Flow High Income ETFHCOW$0.174195/30/20245/30/20245/31/2024Amplify International Enhanced Dividend Income ETFIDVO$0.157955/30/20245/30/20245/31/2024Amplify Natural Res
Per the legendary investor John Hussman -- famous for predicting the 2000 and 2008 crashes, the latest stock rally is ingrained in the extreme fear of missing out. This FOMO rally may fizzle if the consensus view starts changing and valuation gets too ripe.
The Dow Jones Industrial Average (^DJI) sinks by over 300 points at the get-go after Thursday's market open, the Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) are also slipping lower. The Morning Brief's Brad Smith and Seana Smith monitor the market action following the opening bell, including Treasury yield (^TYX, ^TNX, ^FVX) movements on the latest GDP (Gross Domestic Product) print. Yahoo Finance Senior Markets Reporter Jared Blikre compares the weekly average so far of the market indexes. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
-- Gold prices fell in Asian trade on Thursday, weighed chiefly by strength in the dollar and U.S. Treasury yields as traders remained on edge before key economic readings that are likely to factor into interest rates.
As the U.S. dollar experiences a gradual decline in purchasing power, investors are increasingly turning to precious metals stocks as a safe haven. Precious metals, like gold and silver, have historically served as a hedge against inflation and currency devaluation. Investing in companies involved in the exploration, mining and production of these metals can offer robust portfolio diversification. Moreover, investors can gain exposure to the price movements of these commodities, without the need
NVIDIA, the world's third-most valuable company, is now just $100 billion away in market value to overtake Apple (AAPL) in a major reshuffle of Wall Street's biggest players.
With the AI boom propelling markets, investors might seek alternative avenues to capitalize on this emerging trend. CNIC Funds CEO Tim Kramer joins Wealth! to explore why the energy sector could present an enticing entry point into the AI trade. Kramer emphasizes that electricity "is the most consumed commodity in the US." He draws a parallel between the AI trade and the gold rush, suggesting that while gold was initially the hot commodity, attention soon shifted toward the companies or individuals that supplied the gold rush and trade—a similar pattern he anticipates with AI and electricity. "Given that backdrop on how much more electricity this is going to take, we think that we're in a very interesting position to give people an opportunity to get exposure to that piece of the sector, which is the increase in electricity consumption," Kramer tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith