Stock Volatility Reaches 6-Month Peak, Bonds Close At 18-Year Lows As Markets React To Israel-Hamas War, Powell's Comments
Portfolio Pulse from Piero Cingari
Stock volatility reached a six-month peak and bond yields hit an 18-year low due to the escalating Israel-Hamas conflict and mixed messages from Fed Chair Jerome Powell. The iShares 20+ Year Treasury Bond ETF (TLT) closed 2% lower, while the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ), and the iShares Russell 2000 ETF (IWM) also saw notable drops. The SPDR Gold Trust (GLD) increased by 1.2%.
October 19, 2023 | 8:56 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares Russell 2000 ETF (IWM) closed 1.6% lower due to the escalating conflict and Powell's comments.
The escalating conflict and Powell's comments have increased market volatility, leading to a drop in equity prices. As IWM is an equity ETF, it is directly impacted by these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) dropped 1% due to the escalating conflict and Powell's comments.
The escalating conflict and Powell's comments have increased market volatility, leading to a drop in equity prices. As QQQ is an equity ETF, it is directly impacted by these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) dropped 0.9% due to the escalating conflict and Powell's comments.
The escalating conflict and Powell's comments have increased market volatility, leading to a drop in equity prices. As SPY is an equity ETF, it is directly impacted by these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) closed 2% lower due to the escalating conflict and Powell's comments.
The escalating conflict and Powell's comments have increased market volatility, leading to a drop in bond prices. As TLT is a bond ETF, it is directly impacted by these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The SPDR Gold Trust (GLD) increased by 1.2% as it acted as a safe haven amid the escalating conflict and Powell's comments.
The escalating conflict and Powell's comments have increased market volatility, leading to a rise in gold prices. As GLD is a gold ETF, it is directly impacted by these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100