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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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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

Markets reacted to mixed U.S. economic data on Wednesday, initially interpreting the data as a sign of easing inflationary pressures, but later expressing concerns over potential economic deceleration. The Bureau of Economic Analysis lowered Q2 growth projections and the PCE price index, a key inflation gauge. The labor market also showed signs of a slowdown in new job additions. The U.S. dollar fell 0.5%, and Treasury yields dropped. Major ETFs with over $15 billion in AUM showing positive returns included SPDR Gold Trust (GLD), Energy Select Sector SPDR Fund (XLE), Industrials Select Sector SPDR Fund (XLI), SPDR Portfolio S&P 500 Growth (SPYG), and iShares Russell 1000 Growth ETF (IWF).

Portfolio Pulse from Piero Cingari

August 30, 2023 | 3:47 pm

The stock market is rising due to excitement about AI, the upcoming iPhone 15 launch, and weak economic data. OpenAI has reached a $1B run rate. Apple's stock historically moves up before a product launch and sells off after. Inflation is back in Europe. Positive money flows are seen in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA. Negative money flows are seen in Tesla. Mixed money flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Gold is rising on weak economic data. Bitcoin ran up after GBTC's victory against SEC in court.

Portfolio Pulse from The Arora Report

August 30, 2023 | 2:21 pm

The stock market is awaiting new economic data, including job openings, consumer confidence, and employment change. Medicare has released a list of 10 drugs for price reduction, impacting companies like Bristol-Myers Squibb, Johnson & Johnson, Merck, AstraZeneca, Novartis, Amgen, AbbVie, and Novo Nordisk. Tesla is activating a large NVIDIA cluster for self-driving training. Amazon's CEO warns remote workers about a shift back to office work. Negative money flows are observed in Amazon, Tesla, Nvidia, Microsoft, Alphabet, Meta Platforms, and Apple, while mixed flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 29, 2023 | 1:58 pm

The article discusses the current state of the stock market, highlighting the impact of Nvidia's earnings and the narrative of zero recession probability. It also mentions the Chinese government's efforts to prop up its stock market and the positive early trade money flows in several major US companies. The article suggests that the stock market is priced for no landing and zero percent probability of a recession, which may not align with the actual probabilities.

Portfolio Pulse from The Arora Report

August 28, 2023 | 2:16 pm

Stock market bears are predicting an end to the AI-driven rally, pointing to a potential double top pattern on the chart. The 'sell the news' reaction to NVIDIA's earnings report is causing concern. Money flows in tech stocks like Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla were positive after hours but turned negative in the premarket. Investors are awaiting Powell's speech at Jackson Hole, with concerns that he may advocate for a higher long-term policy rate. Early trade money flows are positive for Amazon, Microsoft, Meta Platforms, and Apple, but negative for Tesla, Alphabet, and NVIDIA.

Portfolio Pulse from The Arora Report

August 25, 2023 | 2:35 pm

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