• May 14, 2024

Market trends, BOJ's yen move, 'R' dilemma: Stocks in Translation

Stocks (^GSPC, ^IXIC, ^DJI) have been on the rise as first quarter earnings boost market sentiment. Sectors such as utilities (XLU), energy (XLE), and technology (XLK), have emerged as the driving forces behind these market gains. However, the question arises: can this momentum be sustained? The Japanese yen (6J=F) has witnessed a resurgence thanks to the likely intervention of the Bank of Japan. This move by the central bank is aimed at strengthening the yen, but it raises questions about the potential implications for global markets. Additionally, a notable theme emerges: sectors and industries starting with the letter 'R' – rates, regionals, retail, and more – seem to be lagging behind their counterparts. This begs the question: what underlying factors are contributing to the underperformance of these 'R' names? Yahoo Finance's Jared Blikre is joined by Evercore ISI Head of Technical Analysis Rich Ross and Yahoo Finance Producer Sydnee Fried for the latest edition of Stocks In Translation. Together, they delve into the catalysts propelling market gains, the historical implications of the suspected yen intervention for investors, interest rate-sensitive sectors, and more. This post was written by Angel Smith

  • May 14, 2024

Have $100? 3 ETFs to Invest in Monthly to Become a Millionaire in 20 Years

Finding the best ETFs to invest in has become increasingly popular due to their diversification benefits and long-term growth potential. By consistently investing in suitable ETFs, you can put yourself on the path to financial freedom. The semiconductor industry has become a bedrock for innovation. Investing in this sector through ETFs could provide investors with significant outperformance compared to the broader market. Additionally, having exposure to up-and-coming midcap companies could be a