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GLD

SPDR Gold Shares

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

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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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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%.

Portfolio Pulse from Piero Cingari

October 19, 2023 | 8:56 pm

The Israeli military has been given the 'green light' to enter Gaza, potentially leading to a ground invasion. This has caused a rise in the CBOE Volatility Index, a drop in the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust, and an increase in the SPDR Gold Trust and the United States Oil Fund. The iShares 20+ Year Treasury ETF has also fallen. The US State Department has issued a global travel warning due to increased tensions.

Portfolio Pulse from Piero Cingari

October 19, 2023 | 8:37 pm

Tesla's stock is in a downtrend due to rising interest rates, despite the company's strong product lineup and competitive pricing. Taiwan Semiconductor's profits fell by 25%, but the company predicts a drop in industry inventory levels, indicating a potential buying opportunity in semiconductors. Two ETFs, Global X Artificial Intelligence & Technology ETF and VanEck Semiconductor ETF, are of special interest. The market is awaiting Fed Chair Powell's speech for clues on monetary policy. Jobless claims are lower than expected, indicating a strong job market. Nokia is laying off 14,000 employees. Money flows are positive in Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA, neutral in Apple, and negative in Tesla.

Portfolio Pulse from The Arora Report

October 19, 2023 | 3:29 pm

The ongoing Israel-Hamas conflict has led to geopolitical chaos in the Middle East. Egypt has approved aid convoys to Gaza, and the European Union has welcomed Israel's commitment to allow some humanitarian aid. The Biden administration is considering a $10 billion support package for Israel. The Israeli shekel and the Israeli stock market (TA-125 index) have declined, while gold has appreciated. The U.S. dollar weakened, and oil prices fell.

Portfolio Pulse from Piero Cingari

October 19, 2023 | 1:28 pm

On October 18, U.S. stock markets ended lower due to rising Treasury yields and investor assessments of recent corporate earnings and forecasts. The Dow Jones Industrial Average declined by 0.98%, the S&P 500 dipped 1.34%, and the Nasdaq Composite fell by 1.62%. Asian and European markets also experienced declines, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and the European STOXX 600 index all closing lower. Crude Oil WTI was trading lower by 1.65% at $85.83/bbl, and Brent was down 1.81% at $89.84/bbl.

Portfolio Pulse from Akanksha Bakshi

October 19, 2023 | 10:39 am

The article discusses the current geopolitical tensions and their impact on the financial markets. It highlights the rising oil prices due to the conflict in Gaza and potential political instability. Money is moving into safe havens like gold and Treasury bonds. The article also mentions the impact of US sanctions on the export of AI technology and chips to China, with ASML Holding NV warning of a flat 2024 due to these sanctions. The Chinese economy is performing better than expected, while the Bank of Japan's policy shift could impact US stock and bond markets. The article also mentions negative money flows in several tech companies and ETFs.

Portfolio Pulse from The Arora Report

October 18, 2023 | 5:09 pm

The yields on 30-year Treasuries crossed the 5% mark after President Joe Biden committed to an 'unprecedented support package for Israel.' Yields on 10-year Treasuries also rose, reaching 4.9%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) declined by 1.3%, extending its year-to-date decline to 18%. The SPDR Gold Trust ETF (NYSE:GLD) increased by 1.5% reflecting the increasing geopolitical risks in the Middle East. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), dropped by 0.5%. Defense stocks outperformed, with the iShares U.S. Aerospace & Defense ETF (NYSE:ITA) rising by 0.6%.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 3:15 pm

The ongoing Israel-Hamas conflict has led to a surge in commodity prices, with gold, oil, and natural gas all seeing increases. The SPDR Gold Trust ETF (GLD) rose 1.4% to $1,950/oz, while oil surged 0.6% to $86.8 a barrel due to the risk of Iran's oil embargo on Israel. Natural gas prices also rose nearly 5% in Europe. Meanwhile, futures on the S&P 500 index were 0.4% lower. Traders are awaiting key earnings reports from Netflix Inc. (NFLX) and Tesla Inc. (TSLA).

Portfolio Pulse from Piero Cingari

October 18, 2023 | 1:20 pm

The article lists the top 10 trending stocks on WallStreetBets as of October 18, 2023. The stocks mentioned are Tesla (TSLA), Nvidia (NVDA), Netflix (NFLX), Apple (AAPL), American International Group (AIG), SPDR Gold Shares (GLD), Invesco QQQ Trust (QQQ), Cloudflare (NET), Dutch Bros (BROS), and Sandstorm Gold (SAND).

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:17 pm

The stock market rally was halted due to a warning from Iran of potential preemptive action against Israel. Strong consumer spending data was released, with retail sales exceeding consensus. President Biden's upcoming visit to Israel is seen as a positive for the market. Earnings from Bank of America Corp (BAC) were better than expected, despite a slowdown in consumer spending. Earnings from Goldman Sachs Group Inc (GS) and Lockheed Martin Corp (LMT) were worse than expected, while Johnson & Johnson (JNJ) exceeded expectations. Early trade money flows were negative in several tech stocks, including Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA).

Portfolio Pulse from The Arora Report

October 17, 2023 | 2:42 pm

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