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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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The stock market is experiencing positive sentiment due to several factors, including aggressive investor buying of NVIDIA Corp (NASDAQ:NVDA) ahead of earnings release, Wall Street positioning for another leg up in the artificial intelligence frenzy rally, and a 2% rise in Hong Kong stocks likely caused by the Chinese Plunge Protection Team (PPT) buying stocks. However, S&P has cut the credit ratings of several U.S. banks including Keycorp (NYSE:KEY) and Comerica Incorporated (NYSE:CMA). Macy’s Inc (NYSE: M), DICK'S Sporting Goods Inc (NYSE:DKS), and Lowe's Companies Inc (NYSE:LOW) have also released their earnings.

Portfolio Pulse from The Arora Report

August 22, 2023 | 3:09 pm

The future of the stock market is expected to be influenced by Nvidia's earnings and Powell’s speech at Jackson Hole. Nvidia's earnings are expected to be released on Wednesday, and Powell will be speaking on Friday. The demand for AI chips from Nvidia is exceeding supply, and Nvidia's current quarter sales are guided to $11B, but whisper numbers are around $12B. Money flows are positive in Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla, but negative in Alphabet. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Interest rate cuts in China were less than expected, causing a sell off in Shanghai and Hong Kong.

Portfolio Pulse from The Arora Report

August 21, 2023 | 2:28 pm

US stock futures suggest a potential rebound as traders anticipate Nvidia's earnings and the Jackson Hole Symposium. Last week, stocks closed lower due to fears of aggressive interest rate hikes. The S&P 500, Nasdaq Composite, and Dow Industrials all recorded losses. Analyst Quincy Crosby suggests that the market may wait for Jerome Powell's comments at the Jackson Hole conference before reentering. China's financial issues could also trigger a slide in financial markets, leading to increased investment in the US Treasury. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Stocks in focus include Palo Alto Networks, Tesla, Nvidia, and Nordson Corp.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 10:59 am

Hedge funds have been profiting from short selling long bonds, while asset allocators and their clients have been buying long term bonds, leading to a rise in the yield on 30 year Treasuries to 4.397%. This is reflected in the chart of iShares 20 Plus Year Treasury Bond ETF (NASDAQ:TLT). The Arora Report had advised its members to buy leveraged inverse ProShares UltraShort 20+ Year Treasury (NYSE:TBT), which has been highly profitable. Chinese bonds have recently been decimated and the yuan has been weakening against the dollar. Applied Materials, Inc. (NASDAQ:AMAT) reported strong earnings, but the stock is falling in the premarket due to general malaise about tech stocks. Money flows are negative in several tech stocks and ETFs, and Bitcoin (CRYPTO: BTC) has fallen close to $26,000.

Portfolio Pulse from The Arora Report

August 18, 2023 | 2:52 pm

US stock futures indicate a slow start for Friday, with no strong driving force to push the market. Economist David Rosenberg suggests a new bear phase may be entering the market. Strong economic data released on Thursday sent major averages lower. All S&P sector classes, except energy stocks, closed in negative terrain. The S&P 500 Index is down 4.8% from the late-July peak. In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) moved down 0.10% and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.23%. Stocks in focus include Bill Holdings, Inc. (NYSE:BILL), Farfetch Ltd. (NYSE:FTCH), Ross Stores, Inc. (NASDAQ:ROST), and Applied Materials, Inc. (NASDAQ:AMAT).

Portfolio Pulse from Shanthi Rexaline

August 18, 2023 | 10:55 am

Wall Street is blaming market mechanics for the recent stock market sell-off. The Arora Report had previously signaled a potential sell-off due to changing market mechanics. Market makers are gamma hedged for the first time in 2023, which is significant as market mechanics have contributed to two-thirds of the stock market rally this year. Consumer spending is strong, but excess savings are expected to run out by October. Earnings from Walmart are better than consensus. Money flows are positive in Tesla, NVIDIA, Alphabet, Apple, and Amazon, but negative in Microsoft and Meta Platforms. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 17, 2023 | 2:33 pm

US stock futures are showing signs of a potential rebound after a two-day slide, with Walmart Inc. (NYSE:WMT) seeing premarket gains following its above-consensus Q2 results and upgraded full-year forecast. The market is likely to focus on outcomes from a regional manufacturing survey, jobless claims, and the leading economic index. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) also saw premarket gains. Stocks in focus include Cisco Systems, Inc. (NASDAQ:CSCO), Avnet, Inc. (NASDAQ:AVT), Wolfspeed, Inc. (NYSE:WOLF), Bilibili, Inc. (NASDAQ:BILI), Children’s Place, Inc. (NASDAQ:PLCE), Bill Holdings, Inc. (NYSE:BILL), Applied Materials, Inc. (NASDAQ:AMAT), Farfetch Ltd. (NYSE:FTCH), and Ross Stores, Inc. (NASDAQ:ROST).

Portfolio Pulse from Shanthi Rexaline

August 17, 2023 | 11:44 am

The article discusses the Federal Reserve minutes, China's directive to funds not to sell stocks, and Intel's scrapped deal with Tower Semiconductor due to lack of Chinese approval. It also mentions positive early trade money flows in NVIDIA and Microsoft, and negative flows in Amazon, Alphabet, Meta Platforms, Tesla, and Apple. Mixed flows are reported for SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The article also touches on housing starts, India's move to reduce dollar dominance, and oil and gold trades.

Portfolio Pulse from The Arora Report

August 16, 2023 | 2:56 pm

US stock futures indicate a muted opening on Wall Street following Tuesday's losses. The FOMC minutes and earnings reports from retailers could influence the market. Analysts predict a 5-10% pullback, seen as normal after strong first-half gains. Bond yields are decreasing and oil prices remain muted. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) saw slight premarket gains. Stocks in focus include H&R Block, Inc. (NYSE:HRB), Agilent Technologies, Inc. (NYSE:A), Target Corp. (NYSE:TGT), JD.com, Inc. (NASDAQ:JD), TJX Companies, Inc. (NYSE:TJX), Cisco Systems, Inc. (NASDAQ:CSCO), Avnet, Inc. (NASDAQ:AVT), and Wolfspeed, Inc. (NYSE:WOLF).

Portfolio Pulse from Shanthi Rexaline

August 16, 2023 | 11:21 am

The U.S. economy, which is 70% consumer-based, continues to see strong retail sales, with July retail sales coming in at 0.7% vs. 0.4% consensus. However, this has led to concerns that the Federal Reserve may maintain high interest rates for longer. Fitch has warned that it may downgrade the credit ratings of several U.S. banks, including JPMorgan Chase & Co. and U.S. Bancorp. Home Depot Inc. has guided FY23 revenue down 2-5% and earnings down 7-13%. Berkshire Hathaway Inc. is buying three home builder stocks: Lennar Corp, DR Horton Inc, and NVR Inc. Saudi Arabia and U.A.E. are buying billions of dollars worth of NVIDIA Corp chips. Money flows are negative in Amazon.com, Inc., Microsoft Corp, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, Apple Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 15, 2023 | 3:19 pm

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