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GLD

SPDR Gold Shares

https://www.spdrgoldshares.com/usa/

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Asset Management

The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

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The CBOE VIX volatility index, known as Wall Street's 'fear gauge,' reached a two-month high of 14.5, indicating increased market volatility and investor concern. The ProShares VIX Mid-Term Futures ETF (VIXM) rose 2.4% in response. The S&P 500 and SPDR S&P 500 ETF Trust (SPY) previously gained 16% as the VIX fell from 21 to around 12. Market expectations of Federal Reserve rate cuts are being reassessed due to recent economic data and Fed member comments, suggesting a more cautious approach to rate cuts. Geopolitical tensions, particularly in the Middle East, are also contributing to market uncertainty, although they have not significantly impacted oil prices or traditional safe-haven assets like gold and Treasuries, with the SPDR Gold Shares ETF (GLD) remaining flat.

Portfolio Pulse from Neil Dennis

January 17, 2024 | 2:33 pm

U.S. stocks showed mixed performance with the S&P 500 and Nasdaq stable, while the Dow Jones fell 0.4%. The PPI rose less than expected, and Bitcoin dropped over 6% after a spot ETF approval. Gold rose, surpassing $2,050/oz. UnitedHealth, Tesla, and Bank of America stocks fell post-earnings, while BNY Mellon and Net Lease Office Properties rose. Delta and other airlines declined due to revised earnings forecasts.

Portfolio Pulse from Piero Cingari

January 12, 2024 | 7:33 pm

Global markets saw mixed results with Asia and Europe mostly rising while U.S. markets closed mixed due to inflation concerns and a strong labor market. U.S. consumer prices rose more than expected, and jobless claims fell. Asian markets were mixed with gains in Japan and India but losses in China and Hong Kong. European markets traded higher. Commodities saw crude oil hit $75 due to Middle East tensions, and gold neared $2,050. U.S. futures were mixed, and the U.S. Dollar Index saw a slight increase.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 11:28 am

NVIDIA Corp (NVDA) stock experienced a breakout with higher volume, contributing to a 320% gain for The Arora Report members who bought at an average price of $125.51. Announcements from NVDA and Advanced Micro Devices, Inc. (AMD) about new AI chips have spurred a buying frenzy in AI and tech stocks. NVDA's GeForce RTX SUPER desktop GPUs for AI desktops can now be exported to China. The market is also anticipating key inflation data with CPI and PPI reports due later this week. European markets are facing pressure, and early trade money flows are positive for NVDA but negative for other tech giants. The momo crowd is actively buying stocks and oil, while smart money activity is undisclosed. Bitcoin has surged above $47,000 on expectations of ETF approval. The Arora Report advises investors to maintain a balance of cash, hedges, and investments to capitalize on new opportunities.

Portfolio Pulse from The Arora Report

January 09, 2024 | 3:58 pm

The jobs report, stronger than expected, contradicts the stock market's consensus of 'immaculate everything,' including expectations of multiple rate cuts in 2024. Non-farm private payrolls and average hourly earnings exceeded consensus, while the unemployment rate was slightly lower. This has led to a pullback in the stock market, with SPDR S&P 500 ETF Trust (SPY) falling below the resistance zone but staying above the mini support zone. Money flows in major tech stocks turned positive after the report, and the momo crowd is buying stocks. The article suggests investors consider taking profits and adjusting their protection bands.

Portfolio Pulse from The Arora Report

January 05, 2024 | 5:59 pm

New economic data suggests a stronger jobs picture than the market consensus, with lower weekly initial claims and higher ADP employment change than expected. This goes against the 'immaculate everything' consensus regarding the economy. A Wall Street analyst downgraded Apple Inc, affecting tech stock rallies. The Middle East situation is tenser after a deadly attack in Iran, increasing the probability of conflict. German CPI data shows inflation in line with expectations. Money flows are mixed for major tech stocks, negative for Apple and Amazon, and mixed for SPY and QQQ. Oil inventories show a larger draw than anticipated, and Bitcoin rises on ETF rumors. The Arora Report advises investors to maintain protection bands and hold cash for new opportunities, with a cautious approach to long-duration bond allocations.

Portfolio Pulse from The Arora Report

January 04, 2024 | 4:08 pm

The U.S. national debt has surpassed $34 trillion, with concerns about its impact on economic growth, government spending, and financial markets. Economists warn of potential crises, and Morgan Stanley's Lisa Shalett recommends shifting to real assets like gold. The SPDR Gold Shares (GLD) rose about 13% in 2023, while the SPDR S&P 500 ETF Trust (SPY) fell 0.56% in a recent session.

Portfolio Pulse from Shanthi Rexaline

January 03, 2024 | 8:48 am

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 28, 2023. The stocks include MARA, COIN, TSLA, HUT, CORN, AAPL, NVDA, BTCUSD, GLD, and BABA.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:13 pm

U.S. stocks showed little movement on Wednesday, with major indices near all-time highs. The dollar and Treasury yields fell, with the Invesco DB USD Index Bullish Fund ETF (UUP) down 0.6% and the 10-year Treasury note yield at a five-month low. Gold prices rose, reflected by the SPDR Gold Trust (GLD), up 0.9%. Major ETFs like SPY, DIA, and QQQ were stable. Real Estate (XLRE), Consumer Staples (XLP), and Utilities (XLU) sectors gained, while Energy (XLE) dipped. Gold miners (GDX) and oil services (OIH) ETFs moved in opposite directions. Tesla (TSLA) rose on Model Y news, crypto stocks like Coinbase (COIN), Bit Digital (BTBT), and Marathon Digital (MARA) surged, and Apple (AAPL) remained steady after a legal update.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 7:02 pm

Wells Fargo Investment Institute has set a target for the S&P 500 Index at 4600-4800 by the end of 2024, expecting global earnings to face challenges early in the year but to rebound later. They favor large-caps over mid-caps and small-caps, and have a target for the MSCI EAFE Index at 2000-2200. Wells Fargo's favored sectors for 2024 are Health Care, Industrials, and Materials, while Consumer Discretionary and Real Estate are viewed unfavorably. ETFs tracking these indices and sectors are highlighted as investment options.

Portfolio Pulse from Surbhi Jain

December 26, 2023 | 7:37 pm

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