Stocks close little changed, IBM leads tech shares higher
Stocks ended a volatile session along the flatline on Wednesday despite strong gains from IBM that lifted the overall technology sector. The Dow Jones Industrial Average dipped 9.77 points, or less than 0.1% to 29,186.27. Earlier in the day, the Dow was up more than 120 points. The S&P 500 eked out a small gain, closing at 3,321.75; it also reached an intraday record. The Nasdaq Composite notched an intraday all-time high as well, advancing 0.1% to 9,383.77. IBM shares […]
Read More
Date: April 23, 2020
Why ‘irrationally bullish’ investors are getting nervous as the stock market races to uncharted territory
‘It’s a tough one, you’ve got these guys on TV saying all systems are go’ says one Wall Street analyst Where is this dazzling bull market headed in the coming days and weeks? That is the trillion-dollar question some nervous strategists, analysts and traders are wrestling with, following a relatively brisk rally for equities to kick off 2020. So far, major indexes have checked all the boxes for the bulls. The Dow Jones Industrial Average DJIA, -0.09% traversed a milestone […]
Read More
Date: April 23, 2020
Helping clients understand why they aren’t beating the S&P 500
In the best of times, advisers have to remind clients about the worst of times Big stock market gains can often mean big headaches for financial advisers when it comes to explaining to clients why their portfolio didn’t keep pace with the S&P 500 Index, which gained 30% last year. Aside from the obvious answer that most clients are not 100% allocated to a single broad market equity index, savvy financial advisers are using this time of year to reintroduce […]
Read More
Date: April 23, 2020
Financial Forecast for 2020
(WTNH) – From the economy to your investments, financial expert Paul Schatz, president of Heritage Capital, breaks down the financial outlook for 2020.
Read More
Date: April 23, 2020
Gold could hit $3,000 by 2025: expert
Gold prices pulled back on Wednesday after climbing above $1,600 for the first time in seven years as tensions between Iran and the United States simmered. Still, the commodity has been one of the best performing assets in the world and one strategist says it’s only getting started. “I think by 2025 gold will be at least $2,500 to $3,000 an ounce,” Heritage Capital’s Paul Schatz told Yahoo Finance’s On the Move. “I don’t think the rally is over in […]
Read More
Date: April 23, 2020
Vanguard limits access to the safest money market funds
The asset management giant closed Treasury money funds to new investors in an attempt to keep yields positive In the latest sign of fallout from the Federal Reserve’s attempts to support the economy through the COVID-19 pandemic, The Vanguard Group has closed to new investors its $39.5 billion Treasury Money Market Fund (VUSXX). The move follows a similar decision by Fidelity Investments, which announced a soft close on three Treasury money funds at the end of March. The closings are […]
Read More
Date: April 23, 2020
Premature to think we’re back to normalcy in a few months: Paul Schatz
Paul Schatz, Heritage Capital, joins “Closing Bell” to discuss the state of the markets.
Read More
Date: April 23, 2020
Markets volatile as jobless claims surge to 6.6M amid coronavirus
Paul Schatz, Heritage Capital President, joins Yahoo Finance’s Editor-in-Chief Andy Serwer, Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action.
Read More
Date: April 23, 2020
