$DIA, $SPY, $QQQ, $VOO, $IVV, $RUTX, $VXX
FLASH: US stocks continue to mark record highs, and investors are betting that the Bullish action will continue.
The 3 largest ETFs (exchange-traded funds) that track the S&P 500 Index took in a combined $6.2-B last week, just as the benchmark topped 3,000 for the 1st time, data compiled shows. Of the more than 1,600 US-listed equity ETFs, these 3 known by tickers: SPY, IVV, and VOO received more cash than any other funds in one of their best weeks of Y 2019.
Investors are “all-in on equities,” a US stocks strategist for Jefferies wrote in a Monday report. Much of the cash that flowed into ETFs last week went to large-cap funds designed as core holdings.
The sizable inflows come as debate rages over whether or not US stocks can extend their more than 20% return this year. A rate cut from the Fed later this month is viewed by markets as virtually certain supporting equities.
There is some concern about the slowing of both the global and domestic economy, just as companies may be set to post their 1st profit decliner since Y 2016.
Monday, the major US stock market indexes finished at: DJIA +27.13 at 27359.16, NAS Comp +14.04 at 8258.18, S&P 500 +0.53 at 3014.30
Volume: Trade on the NYSE lite again at 676-M/shares exchanged
- NAS Comp +24.5% YTD
- S&P 500 +20.2% YTD
- DJIA +17.3% YTD
- Russell 2000 +15.8% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish with most Key indicators flashing Very Bullish
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