Here are the daily ETF fund flows for April 3, 2024.
Inflation data, in all its forms, has been under a microscope as the Federal Reserve has made it clear that it wants more data to inform its next decision on interest rates. Fed Chair Jerome Powell made a speech on Wednesday reiterating the point that it relies on inflation data, that inflation is on a "bumpy" path to the target goal, and that an interest rate cut is likely to happen within the year. Commodities have been on the rise as inflation remains and supply issues have boosted prices for commodities like golld (CC=F), while the energy sector continues to perform poorly in the long term, but may have room to grow Yahoo Finance Reporter Josh Schafer joins Market Domination Overtime to break down the top takeaways from the trading day for April 3. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Nicholas Jacobino
Investors are beginning to pick up the commodity trade as gold prices (GC=F) remain elevated after reaching an all-time high this week. Even uranium (UX=F) is seeing upward price momentum. ETF Think Tank Director of Research Cinthia Murphy joins Wealth! to discuss the growing relevance of commodities and commodity-exposed ETFs for investors. "We're seeing a lot more commentary from the market experts, the analysts, about the importance of commodities and the opportunity in commodities, which has been a segment that's typically under-owned in the advisory channel. It's under-owned by most investors, and it's at attractive positions right now because they're so overlooked so often, especially in the middle of a tech craze." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.
Many expect the commission to reach a final decision on spot Ether ETFs in May with approval or denial of a filing from VanEck.
Gurbir Grewal claimed that the SEC’s standard for determining what a security is under the Howey test had been “clearly and consistently applied.”
As Nigerian authorities levied more charges against Binance, the exchange issued a statement urging the regulators to let go of its U.S. executive Tigran Gambaryan.
“Crypto Mom” called for more positive engagement with crypto firms and fewer enforcement threats from the SEC.
Gas prices (RB=F) could go as high as $4 per gallon ahead of the summer driving season, according to Goldman Sachs, if geopolitical events continue to pressure crude oil prices (CL=F, BZ=F). Yahoo Finance Senior Business Reporter Ines Ferré explains the commodity price patterns. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Luke Carberry Mogan.
After an outstanding first quarter in 2024, could stocks be hitting a figurative wall heading into the second quarter? Blue Line Futures President Bill Baruch and Unlimited Co-Founder, CEO, and CIO Bob Elliott sit down with the Market Domination hosts to discuss their market outlooks, which Elliott states could be entering "a turning point" in the second-quarter tied to the Federal Reserve's interest rate cut pressures. "We have had a heck of a little run, I'm looking at the 21-day moving average... we haven't closed below the 21-day moving average for the S&P since January 17. In fact, we've only closed below it three times this year... but before that it's been November 1," Baruch states. Baruch also provides commentary on the geopolitical pressures feeding into crude oil (CL=F, BZ=F) price actions. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.
US crude futures have gained 20% this year and pushed energy stocks to outperform the market as rising geopolitical tensions and lower supply buoy prices.