Beyond Meme Stocks: Finding Sustainable Innovation April 18, 2021
Innovation has sparked great changes in the global economy, but defining it precisely is a crucial prerequisite to any subsequent analysis. Which companies separate the wheat from the chaff to lead new investing paradigms?
In the upcoming webcast,
Beyond Meme Stocks: Finding Sustainable Innovation, Kim Arthur, Chief Executive Officer & Chief Investment Officer, Main Management, LLC; Zachary Hill, Global Macro Strategist, Horizon Investments; Matthew Bartolini, Head of SPDR Americas Research, State Street Global Advisors, will sit down with ETF Trends to explore innovation across sectors to help financial advisors target the opportunities of tomorrow, today.
All three major U.S. indexes hit record highs amid tech rally, stimulus signing
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The Dow Jones Industrial Average gained 188 points on Thursday as all three major indexes hit records behind a continued tech rally and optimism surrounding President Joe Biden signing the COVID-19 relief bill. Photo by John Angelillo/UPI | License Photo
March 11 (UPI) All three major U.S. indexes hit record highs Thursday as a rally in tech stocks continued and President Joe Biden signed the $1.9 trillion COVID-19 relief bill.
The Nasdaq led the way, gaining 2.52%, while the S&P 500 climbed 1.04% and the Dow Jones Industrial Average closed the day up 188.57 points, or 0.58%, extending gains from Wednesday.
President Joe Biden Signs $1.9T Stimulus Pushing S&P 500 to Record Highs, Jobless Claims Drop
Mar 12 2021 · 11:18 UTC | Updated
Mar 12 2021 · 11:22 by Bhushan Akolkar · 3 min read
Photo: President Biden / Twitter
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The weekly jobless claims as per the Labor Department report have dropped to a four-month low since November 2020. The tech and growth stocks continue to rally further with the stimulus boost.
A day after Dow Jones touched its all-time high on Wednesday, the US stock market continued to stay upbeat on Thursday. Yesterday, the S&P 500 (INDEXSP: .INX) touched a record high of 1% and ending the trading session at 3,939.34 levels. The Dow Jones Industrial Average (INDEXDJX: .DJI) also surged 188 points or 0.58% ending at 32,485 levels. Meanwhile, the number of jobless claims is decreasing.
Now It’s Jay Powell’s Turn to Speak
Federal Reserve chairman Jay Powell’s speaking engagement on March 4 is, in Horizon’s view, critical for the central bank’s messaging and credibility, and for taming the bond market selloff.
The problem Powell needs to deal with head on is this: some people in the bond market think economic growth will be fast enough, and inflation high enough, to prompt the Fed to tighten policy much earlier than they say they will. The lurch higher in short-term rate expectations – and the dynamics that are driving it – is posing a credibility issue that Powell needs to address.
Investors who are globally diversified may be seeing that pay off at the start of 2021. Emerging market (EM) stocks are ripping, up 8.2% year to date for the MSCI Emerging Markets index versus 3.2% for the S&P 500, as of February 22.