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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 market is awaiting the next CPI report, with expectations of headline inflation increasing to 3.6% YoY. The report will likely impact several ETFs, including SPDR S&P 500 ETF Trust (SPY), iShares Core U.S. Aggregate Bond ETF (AGG), SPDR Gold Trust (GLD), iShares Russell 2000 ETF (IWM), and iShares 20+ Treasury Bond ETF (TLT). These ETFs have shown varied responses to previous CPI reports.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 3:45 pm

The Arora Report suggests a high probability of a strike by United Auto Workers (UAW) against General Motors (GM), Ford Motor (F), and Stellantis (STLA), which could negatively impact the U.S. economy. Tesla (TSLA) is expected to benefit as it is not unionized. The report also highlights heavy buying in TSLA stock due to Wall Street's positive outlook on Tesla's Dojo supercomputer. Other notable mentions include the upcoming iPhone 15 launch, which historically boosts Apple's (AAPL) stock, and the oversubscribed ARM IPO. The report also mentions positive money flows in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (META), Tesla, and Apple.

Portfolio Pulse from The Arora Report

September 11, 2023 | 2:08 pm

US markets ended higher on Friday, September 8, driven by energy stocks following the decision by Saudi Arabia and Russia to extend supply cuts. However, key indexes saw weekly declines due to investor concerns over interest rates and upcoming US inflation data. Asian markets were mixed, with Japan's Nikkei 225 and Hong Kong's Hang Seng falling, while Australia's S&P/ASX 200 and China's Shanghai Composite rose. The European STOXX 600 index, Germany's DAX index, France's CAC 40, and the U.K.'s FTSE 100 all traded higher. The European Commission downgraded the Eurozone's economic growth outlook due to high inflation and Germany's recession. Commodities saw crude oil and natural gas fall, while gold, silver, and copper rose. US futures and the U.S. Dollar Index were down.

Portfolio Pulse from Akanksha Bakshi

September 11, 2023 | 11:13 am

On September 7, US markets ended mixed due to concerns about the Federal Reserve possibly maintaining high interest rates. The Dow Jones gained 0.17%, while the S&P 500 and Nasdaq dipped 0.32% and 0.89% respectively. Asian markets declined due to weak economic data from Japan and concerns about higher US interest rates. European markets also traded in red, with the STOXX 600, DAX, and CAC 40 all declining. Commodities gained, with crude oil, natural gas, gold, and silver all trading higher.

Portfolio Pulse from Akanksha Bakshi

September 08, 2023 | 10:29 am

US markets closed in red on Wednesday, with Nasdaq down 1% due to concerns of prolonged high interest rates from strong services sector data. Apple's stock fell over 3% after China instructed government employees not to use foreign devices, including iPhones. Asian markets also closed in red, while European markets traded higher. Crude oil traded lower, while gold traded higher.

Portfolio Pulse from Akanksha Bakshi

September 07, 2023 | 10:23 am

Investors are closely watching the semiconductor sector due to concerns about weak seasonality in the stock market. The VanEck Semiconductor ETF (SMH) has risen 53.9% this year, driven by excitement around artificial intelligence. Advanced Micro Devices (AMD) has seen a boost from a business win from Hitachi Astemo and comments by CEO Lisa Su about AI opportunities. However, the sector's momentum is waning, according to the RSI. Money flows are positive for Alphabet (GOOG) and Meta Platforms (META), but negative for Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

September 06, 2023 | 2:45 pm

On Tuesday, US markets ended in red with Dow falling due to higher Treasury yields. Energy stocks surged over 1% on news of Saudi Arabia's and Russia's extended production and export cuts until the end of 2023. Asian markets were mixed with Japan's Nikkei 225 and China's Shanghai Composite closing higher, while Australia's S&P/ASX 200 and Shenzhen CSI 300 declined. European markets traded lower due to concerns about a slowdown in global economic growth and increased crude oil prices. Commodities and US futures also traded lower.

Portfolio Pulse from Akanksha Bakshi

September 06, 2023 | 10:15 am

The US markets ended mixed on Friday, September 1, with the Dow Jones and S&P 500 experiencing gains, while the Nasdaq Composite recorded a slight decline. Asian markets showed mixed results, with Japan's Nikkei 225 closing higher, while Australia's S&P/ASX 200, China's Shanghai Composite, and Shenzhen CSI 300, and Hong Kong's Hang Seng Stock Exchange all closed lower. European markets and commodities also traded lower. Chevron Corp's LNG workers in Australia plan to go on a two-week strike.

Portfolio Pulse from Akanksha Bakshi

September 05, 2023 | 10:56 am

The stock market has quickly recovered most of August losses in the last five trading sessions. Salesforce Inc (NYSE:CRM) reported better than expected earnings, contributing to the rise in DJIA. Personal income is falling but personal spending is rising, which could impact the U.S. economy. UBS Group AG (NYSE:UBS) is reporting a record $29B profit and plans to layoff 3,000 people to generate $10B in cost savings by 2026. Positive money flows are seen in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), and NVIDIA Corp (NASDAQ:NVDA), while negative flows are seen in Tesla Inc (NASDAQ:TSLA) and Microsoft Corp (NASDAQ:MSFT).

Portfolio Pulse from The Arora Report

August 31, 2023 | 2:34 pm

DataTrek co-founder Nick Colas suggests that gold is a better investment than stocks and bonds, despite underperforming the S&P 500. He argues that demand for gold from central banks and potential geopolitical tensions could drive gold prices higher. He recommends five gold ETFs for investors who want to go long on gold: SPDR Gold Trust (GLD), SPDR Gold MiniShares Trust (GLDM), iShares Gold Trust (IAU), VanEck Gold Miners ETF (GDX), and Goldman Sachs Physical Gold ETF (AAAU).

Portfolio Pulse from Aaron Bry

August 30, 2023 | 5:18 pm

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