Stock ETFs Fall, Inverse ETFs Climb as Rates Rise March 5, 2021
Stocks and index ETFs continued their tumble on Friday due to rising bond yields, as inverse ETFs continue to climb.
With key stocks like Apple, Amazon, and Netflix dropping more than 1% apiece, the S&P 500 lost another 0.7% after attempting to stage a rally at the start of the session. The Nasdaq Composite dropped another 2.1% in the volatile session, bringing its total losses for the year to 3%. The Dow Jones Industrial Average also slipped another 0.4% after adding over 300 points earlier in the session.
Major stock ETFs are falling on Friday as well. The
January 21, 2021
While stocks and index ETFs are rallying today amid the inauguration of President Joe Biden and strong corporate earnings, at least one financial pundit feels the future is more uncertain.
Billionaire investor Leon Cooperman told CNBC on Wednesday that he envisions a more challenging environment for stocks and index ETFs in the years ahead, after the market’s strong recovery from pandemic-era lows in the last 10 months.
“I think the near-term outlook is probably OK. Long term, I think that we’re borrowing from the future,” Cooperman said on “Squawk Box.”
“Whenever you bought into the market when it was selling at the present multiple of, say, 22 times or higher, you’ve never really made any serious money one year, three year, five years out. I think that’s what we’re looking at,” added the chairman of the Omega Family Office.