ETF News Live - ETF Report

Walmart raises guidance after another strong earnings report ahead of the holiday season

Value-seeking shoppers continue to provide a boost to Walmart.

Lowe's beats its quarterly estimates, but negative sales outlook draws focus

2025 could be a better year for the home improvement sector.

Goldman Sachs sees S&P 500 hitting 6,500 in 2025 amid 'narrowing' Big Tech outperformance

Goldman Sachs sees the S&P 500 gaining 11% over the next year as stock market gains continue to broaden out from a few large tech names.

Tesla stock, Nvidia earnings, S&P 500 target: Market Takeaways

Yahoo Finance Markets Reporter Josh Schafer breaks down the top market takeaways of the day, including Tesla's (TSLA) stock performance and what it signals about the broader "Trump trade," market anticipation for Nvidia's (NVDA) third-quarter earnings release, and Wall Street's S&P 500 (^GSPC) targets as they factor in the incoming Trump administration's potential impact on economic policy and growth. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith

Stock market today: Tech lags as inflation print keeps Fed rate cut on track

The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

Berkshire B class ETF may not appeal to long term investors: Expert

According to a regulatory filing, Kiwoom Securities Co. and Tidal Investments are working to package Berkshire Hathaway class B shares (BRK-B) into a leveraged ETF. THOR Financial Technologies Chief Investment Officer Brad Roth sits down with Brad Smith for this week's ETF Report "These leveraged products only work in short durations of time and on days, right? So if you're a long term investor looking to double your returns in Berkshire, this is actually not going to give you the 2x return that you're looking for. It's only going to give you that 2x daily return," Roth says. "I just don't see this garnering a lot of demand by day traders and by those people that are really looking to speculate on markets." Catch Yahoo Finance's explainer on the difference between Berkshire Hathaway's class A (BRK-A) and class B shares (BRK-B). To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

The FOMO market is back: Morning Brief

The recent surge in stocks is absolutely explained by the Trump trade. But it's not the only thing going on: There are other reasons why the FOMO trade is back.

FOMO rally continues, bitcoin outlook under Trump: Asking for a Trend

It was an eventful day on Wall Street, so sit back and relax with Asking for a Trend host Josh Lipton as he looks back on the session's biggest market trends. While the Dow Jones Industrial Average (^DJI) closed the day out above 44,000 and the S&P 500 (^GSPC) reached over 6,000, bitcoin (BTC-USD) extended its rally and hit a record high of $88,000. Yahoo Finance markets reporter Josh Schafer examines the most apparent themes in the developing FOMO rally. Asymmetric founder, CEO, and CIO Joe McCann joins the program to discuss why he believes bitcoin could even hit $100,000 under President-elect Donald Trump's second administration. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

FOMO rally, rising S&P 500 price targets: Market Takeaways

The S&P 500 (^GSPC) closed above 6,000 while the Dow Jones Industrial Average (^DJI) closed Monday above 44,000, both indexes notching new record highs. Bitcoin (BTC-USD) continues to soar alongside equities in the post-election rally, the cryptocurrency peaking above $88,000 today and lifting crypto stocks along with it. Yahoo Finance markets reporter Josh Schafer follows the new heights this FOMO rally is pushing markets following Donald Trump's reelection, referencing Yardeni Research president Ed Yardeni's comments to Yahoo Finance on how his firm is raising their year-end price target on the S&P 500 to 7,000. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

S&P 500 seen reaching 10,000 by end of decade, spurred by 'animal spirits'

Strategists are growing increasingly positive about the outlook for stocks in Donald Trump's second term as president.

Yardeni lifts S&P 500 targets as Trump reignites 'animal spirits'

Yardeni Research analysts lifted their S&P 500 (^GSPC) targets for 2024, 2025, and 2026 after former President Donald Trump won his 2024 reelection bid. Yardeni Research president Ed Yardeni joins Julie Hyman and Josh Lipton to discuss why he's more bullish on markets now that Trump will serve a second term in the White House. "We're seeing an emergence of animal spirits. It's very reminiscent of what we saw during Trump 1.0 when the stock market improved quite significantly when Trump got elected," Yardeni tells Yahoo Finance, adding, "We're just seeing a more pro-business administration coming in, that [will] undoubtedly will cut taxes, not only for corporations but also for individuals ... And in addition to that, a lot of deregulation." Yardeni says, "We're upping our estimates for what profit margins are going to be doing over the next couple of years. It's going to go higher, and that's leading us to conclude that earnings are going to be stronger than we had thought and drive the market up to probably 7,000 by the end of next year." He notes, "On the other side, we've got tariffs that could be inflationary [and] could lead to trade wars. But I think to a large extent Trump is playing the art of the deal, trying to get set for pushing a lot of our trading partners to be more accommodating in their relationship and trade less [in a way], kind of leaving us with the short end of the stick. So I think it's a negotiating position to a large extent." Yardeni says he thinks "deportation is going to be handled slowly." Overall, he says, "the pluses way out the minuses." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Stock market today: S&P 500, Nasdaq hit records as Fed cuts rates, post-election rally rolls on

Investors are digesting a fresh interest rate cut from the Federal Reserve as the impact of Trump's expected policies also remains in focus.

ETFs to consider with Trump re-entering the White House

US stocks an select sectors are in high spirits, continuing to rise coming off the news that Donald Trump has won the 2024 presidential election. The so-called Trump Trade is pushing shares of Tesla (TSLA) and Trump Media & Technology Group (DJT, DJTWW) higher alongside Big Banks, oil producers, and bitcoin (BTC-USD). TMX VettaFi Head of Research Todd Rosenbluth sits down with Brad Smith in-studio for this week's ETF Report to talk more about finding more financial sector exposure through funds like the Financial Select Sector SPDR Fund (XLF), Invesco KBW Bank ETF (KBWB), or SPDR S&P Regional Banking ETF (KRE). "If deregulation happens, the financial sector is likely to benefit. And there's always an ETF or three to get exposure to," Rosenbluth tells Yahoo Finance. Rosenbluth goes on to name a variety of ETFs to consider as these Trump Trade themes become more relevant, especially as clean and solar energy stocks affiliated with the "Harris Trade" take a hit this morning. Follow along Yahoo Finance's extensive coverage of the stock market reactions to the 2024 election results: Stock market today: Dow, S&P 500, Nasdaq futures soar as Trump triumphsDonald Trump has won the 2024 election. Here's what's next on 2 key economic issues.Wall Street scores political victory with a Trump win: 'This should aid all banks'Tesla stock soars by double digits after Trump winDJT stock surges in premarket trading as Trump clinches election winHere's how my 'Trump trade' is doing7 'election trades' Citi is watching To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street braces for election results

The polls are open, and investors are in wait-and-see mode to find out whether Harris or Trump will win — and how long it'll take to get a clear outcome.

Why the bond market is this strategist's highest conviction trade

As markets prepare for further volatility as the US election kicks into high gear and Federal Reserve officials convene in Washington, Winthrop Capital Management CIO Adam Coons joins Wealth host Brad Smith to discuss why the US bond market (^TYX, ^TNX, ^FVX) is attractive for investors' portfolios. Coons says that the US election and the Federal Reserve's ongoing rate easing cycle are two of the biggest black swan events facing the market domestically, while there are "very large conflicts that could spread at some point. Whether you're looking at the Ukraine-Russian conflict or if you're looking in the Middle East... When we've got so many of these things kind of coming to a head at the same time, that's when we start to ponder, 'How do we position ourselves?'" The strategist acknowledges that investors have been "moving more defensively as we kind of head into year-end: "This has obviously been an incredible year for markets. And when you're up 20% or more on the S&P (^GSPC)... It's probably not a bad idea right now to start thinking about pulling back and maybe putting more defense into a portfolio, whether that's lower beta, lower volatility stocks, higher dividend stocks, or increasing your fixed income allocation a little bit." He adds "Incrementallym moving more defensively, I think, is a smart move as you see all these things because there's just an increasing potential of one of them really causing dislocations in markets." Coons says his highest conviction trade is the bond market. He explains, "The risk that rates go much higher from here is fairly low," so the two most likely scenarios, rates staying the same or going lower, are likely to cause the appreciation of the price of bonds. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

Interest rates on I bonds fall to 3.11%. What investors should know.

The US Department of the Treasury is selling series I savings bonds at a new interest rate of 3.11%, falling from 4.28% in May. Wealth welcomes Truist Wealth managing director for fixed income Chip Hughey to talk more on whether I bonds are a smart investment decision based on the new rate. "We do expect inflation to continue to cool and therefore we will probably see this trend continue where the interest payments on bonds trend a bit lower in the year ahead, or at least maybe stabilize around this sort of 3% level," Hughey tells Brad Smith. "Obviously, that's a very far cry from the 9% yields that we were seeing back in 2022." Hughey examines current bond market trends (^TYX, ^TNX, ^FVX), especially as the Federal Reserve leans into cutting interest rates. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

4 college savings plans parents should consider

Student loan debt remains a major issue among Americans, prompting many parents to get a head start on saving for their children's future college expenses. University of San Diego finance professor Daniel Roccato joins Wealth! to discuss the various accounts parents or guardians should consider. Roccato notes that custodial accounts are "the easiest one" for parents to open. There is no limit on the amount that can be contributed. However, the downside is that when the child becomes an adult, they have full control over the money and may not use it for its intended purpose. Examining US savings bonds, Roccato explains that the receiver will benefit from years of interest accruing on these bonds, and there's no tax if the bonds are used for education-related expenses. However, he notes that these bonds do carry an income limit. Discussing Education Savings Accounts, Roccato likens them to an IRA, where the money grows tax-free, and when withdrawn, no tax is paid if the funds are used for education expenses. However, he cautions that there is a $2,000 per year per beneficiary limit on contributions. Finally, Roccato points to the 529 plan, which he notes has no contribution limit and allows the money to grow tax-free, though the specifics vary by state. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

Aging in America: The most common misconceptions about aging

There are a lot of misconceptions about the aging process and caregiving in the United States. Robert "Bob" Powell is joined by Care Right Inc. Founder Annalee Kruger to help separate the fact from the fiction. Powell and Kruger also discuss aging in place, vulnerabilities in elder care, long-term care insurance, the critical role of caregivers, aging plans, and more in this week's episode of Decoding Retirement. Aging in America: The most common misconceptions (00:30) As Kruger explains "there's quite a few different myths out there" regarding the aging process. "When we talk about aging in America, we are also talking about family caregivers," Kruger says. "And as we age, none of us get more healthy. ... And so we've got this aging nation of adult kids getting thrust into the role of family caregiving without usually having any kind of conversation about the what and whens of aging, let alone having an aging plan in place." Ask Bob: Cost of living adjustment (12:15) Question: How does Social Security determine what the cost of living adjustment (COLA) will be on my Social Security benefit? Answer: The Social Security Act specifies a formula for determining COLA. According to the formula, COLAs are based on increases in the Consumer Price Index for urban wage earners and clerical workers (CPI-W). CPI-Ws are calculated on a monthly basis by the Bureau of Labor Statistics. A COLA effective for December of the current year is equal to the percentage increase (if any) in the CPI-W from the average for the third quarter of the current year to the average for the third quarter of the last year in which a COLA became effective. If there is an increase, it must be rounded to the nearest tenth of one percent. If there is no increase, or if the rounded increase is zero, there is no COLA for the year. In 2024, the COLA was 3.2%. Long-term care insurance (13:05) Long-term care insurance is a type of private insurance designed to cover the costs associated with extended care when a person is unable to perform basic daily activities independently due to aging, chronic illness, injury, or disability. It can perhaps help with the possibility of paying for home health aid or a long-term care facility. Kruger provides her thoughts on long-term care insurance. "I feel like any financial solutions that you can afford is money well spent because yes, when you look at how much the premium might be, it might be a big number compared with what it would look when you also compare the coverage," Kruger says. Aging plan (20:05) An aging plan is a plan designed to help individuals and families navigate the physical, financial, and emotional complexities of aging before a crisis arises. Why is an aging plan so critical to the aging process? Kruger breaks down the importance of an aging plan. "So it actually starts with family meetings to get everybody's perspective and discovery of what's working well, what's not working well, what are the goals, aging in place at home," Kruger explains. "We also do what's called a care matrix ... so that we can really make informed decisions where can mom and dad get more bang for their buck, but also get better quality of care." Care matrix (decoded) A “care matrix” is a comprehensive tool designed to coordinate and organize essential aspects of caregiving for older adults. Ask Bob: Managed account (22:50) Question: My 401(k) plan offers me the chance to invest using something called a managed account. Should I? Answer: A managed account in a 401(k) plan is an investment option where professional managers select and oversee your investment portfolio based on factors like your age, retirement goals, risk tolerance, and financial situation. But as with all things financial, there are pros and cons. On the plus side, you get professional management, personalization, and rebalancing. On the downside, managed accounts typically come with additional fees; managed accounts may not significantly outperform less expensive investment options; and managed accounts can involve more complicated investment strategies that may not necessarily fit your specific needs if not aligned well with your circumstances. The bottom line: a managed account can be a good option for those seeking professional help in managing their retirement investments, especially if they feel overwhelmed by investment decisions. However, it's a good idea to weigh the potential benefits against the added costs to see if it aligns with your retirement strategy. And if you're unsure, consider consulting with a financial adviser who can offer personalized advice. If you've got questions about money or retirement, email us at AskBob@yahoofinance.com. Video highlights: 00:30 - Aging in America: The most common misconceptions 04:10 - Aging in place: Thoughts on home modifications 07:45 - Vulnerabilities in elder care 12:15 - Ask Bob: Cost of living adjustment 13:05 - Long-term care insurance: Can it help with home health aid or long-term care facilities? 15:45 - Critical role of caregivers 20:05 - The importance of an aging plan 22:50 - Ask Bob: Managed account Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds. Find more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Editor's note: This post was written by Zach Faulds.

Why it may be a 'good time' to invest in the China market ETFs

China is reportedly weighing taking on $1.4 trillion in extra debt to stimulate the Chinese economy with the fiscal package expected to be expanded if former President Donald Trump wins the US election, according to a report from Reuters. The CSI 300 Index (000300.SS) has been trading higher amid the Chinese government's ongoing economic stimulus efforts. CVA Greater China Growth ETF portfolio manager Ben Harburg joins Wealth! Host Brad Smith to discuss how investors can position their portfolio to benefit from the potential fiscal package. “There are two catalyzing events that we can look forward to in the very immediate future that would affect Chinese equity markets significantly,” Harburg says, naming the upcoming National Party Congress (NPC) meeting set for Nov. 4 to Nov. 8 and the US presidential election. “Our view is that now is a good time to enter the market for two reasons,” he adds, highlighting China’s ongoing stimulus efforts and a possible second term for former US President Donald Trump. For more on how the portfolio manager is investing in the Chinese market amid ongoing stimulus efforts from the Chinese government, watch the video above. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.

Why it's a 'great time' to enter the bond market

Interested in navigating the bond market? F/m Investments senior portfolio manager and US Benchmark Series Co-Founder Pete Baden joins Wealth to share his insights on bond investing strategies. Amid uncertainty surrounding the Federal Reserve's rate-cutting timeline, Baden notes there are "echoes of higher for longer." However, with rate cuts still on the horizon, he suggests this is "a great time" to enter the bond market, calling it "a second opportunity" to secure yields and lock them into portfolios to "generate income that will support you going for years forward." When it comes to different bond types, Baden explains that US Treasury Bonds are "considered safe" and provide refuge during wars and recessions. As for corporate bonds, these investment-grade securities track companies' ability to make interest payments. They typically perform well during economic strength, but Baden cautions, "You don't necessarily want to be in high-yield bonds if you think the economy's not going to do well because those companies are usually the first ones to really show the pressure of a declining economy." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

How to gain 'Magnificent Seven' exposure through ETFs

Tesla (TSLA) is set to kick off the "Magnificent Seven" earnings reports next week for the third quarter. But how can investors gain exposure to these megacap tech names without buying individual stocks? Calamos Investments senior vice president and head of ETFs Matt Kaufman joins Yahoo Finance to discuss investing strategies. Kaufman points out that the Magnificent Seven trade continues to drive strong market returns, with the group up 40% this year. He notes, "The Mag Seven is still accounting for a significant portion" of market gains, even as the other 493 S&P 500 (^GSPC) companies are starting to gain momentum. "If the leadership in the Mag 7 stops continuing going forward, maybe the innovation doesn't keep up at the same pace, then you would want exposure to those other names as well," Kaufman advises. He suggests investors consider CANQ (CANQ), an ETF that provides exposure to top names using options to remain defensive. "We're seeing a lot of folks moving into this options-based strategy, which really allows you to control the exposure you want to these Mag 7 names and to others," Kaufman explains. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

The Fed only needs to cut by 25bps at each meeting for rest of 2024: Strategist

Investors are closely watching the Federal Reserve's upcoming November meeting, questioning how aggressively the central bank might continue its rate-cutting cycle. Principal Asset Management chief global strategist Seema Shah joins Morning Brief to discuss the outlook. Shah characterizes current economic data as "very, very volatile," emphasizing the seasonality within various reports, particularly in the labor market. While she notes that labor market reports indicate some cooling, it's "nothing too concerning." However, she cautions against drawing conclusions from any data point when predicting the Fed's monetary policy direction. According to Shah, the broader trend of economic moderation suggests a normalization period is underway, which could ease some monetary restrictiveness. She believes a measured approach with 25 basis point reductions in November and December would be appropriate. Regarding the impact on investors, Shah offered an optimistic outlook: "As we look out over the coming months because we're expecting a soft landing, continued rate cuts, that is a sweet spot for risk assets. We think there's continued upside for equities," she told Yahoo Finance, adding: "In this environment, you probably want to be extending duration." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Editor's note: The headline on this post was updated to more accurately reflect Ms. Shah's comments.

Nvidia notches record high, looks to unseat Apple as world's most valuable company

Nvidia stock is aiming to notch a new all-time high as the AI boom shows no sign of slowdown.

Why millennials are increasingly investing in ETFs

Global assets and ETFs reached a record $12.4 trillion at the end of the third quarter, according to Morningstar. In addition, 65% of investors are planning to increase their ETF investments within the next five years, according to a Charles Schwab report. David Botset, Schwab Asset Management head of innovation and stewardship, joins Wealth! to discuss the growth of ETFs. "What we're seeing from ETF investors is they are very confident in the decisions that they make. And I think that is driving much of the inflows we're seeing this year," Botset tells Yahoo Finance. He notes that many investors are repositioning in fixed income as the Federal Reserve has kicked off its rate-easing cycle. He also explains that investors are using ETFs to stave off associated volatility risks. Botset adds that ETFs are a great way to lower the costs of investing. "The number one driver of decisions in selecting ETFs is about the cost. So I think investors are looking at not only how they diversify their portfolio, but 'how do I bring down the cost of investing?'" He highlights that millennials, in particular, have shown "a higher propensity to use ETFs" while older generations usually stick with mutual funds. He believes that millennials are more attracted to ETFs because of their cost, as well as being an accessible entry point to investing in the market. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Melanie Riehl

Stock market today: Dow, S&P 500 jump to fresh records as key CPI report looms

Investors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.

Amazon Pharmacy expands same-day delivery into 20 more states

Amazon Pharmacy is expanding its same-day medication delivery into nearly half of US states.

Nvidia stock nears new record high, hopes to extend win streak

Nvidia (NVDA) shares inch higher in Wednesday's pre-market trading as the chip giant sets its sights on a new all-time high for its stock. Shares are up by 11% over the past five trading days. Morning Brief anchors Brad Smith and Seana Smith break down Piper Sandler's findings from its semi-annual Taking Stock With Teens survey, which indicates younger tech consumers' preference for Nvidia hardware including its graphics cards for gaming. At the time of this video's posting, Nvidia stock has dipped by 0.5% after the session open. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

How investors can get in on the China stock rally with ETFs

China stocks (^HSI) have extended their rally after the People's Bank of China unveiled new stimulus measures in an effort to recover its struggling economy. Todd Rosenbluth, TMX VettaFi Head of Research, joins Wealth! to discuss how you can play the China trade without cashing in on specific names. "For much of the year, China has underperformed the broader emerging markets. And so investors actually have been gravitating towards these ex-china ETFs... but this China stimulus that we're talking about could be the necessary boost to get more investors focusing on China," Rosenbluth tells Yahoo Finance. He points to ETFs like GXC (GXC) as a broad market exposure ETF, and highlights China A-Shares (ASHR) as an opportunity to get broader exposure to the Chinese stock market. In addition, he notes that KWEB (KWEB) is a great way for investors to get exposed to some well-known names and faster-growing companies in China. Watch the video above to hear some of Rosenbluth's ETF plays for the port strike affecting the US's East and Gulf Coasts. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

New PCE reading supports case for smaller Fed rate cut in November

A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall — likely in 25 basis point increments.

August PCE data falls in line with expectations

August's Personal Consumption Expenditures (PCE) data —the Federal Reserve's preferred measure of inflation— came in line with economist expectations Friday morning. The headline PCE figure showed a modest month-over-month increase of 0.1%, while rising by 2.2% year-over-year. Core PCE, which excludes volatile food and energy costs, increased by 2.7% compared to the same period last year. Yahoo Finance Fed reporter Jennifer Schonberger breaks down the details of the report, discussing how it will influence Fed policy moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Crowded trades may be the unintended consequence of AI in market: Tradeweb CEO

AI could cause one unfortunate problem for investors.

Tradeweb CEO reveals a big investor risk from AI revolution

If you've never heard of Tradeweb Markets (TW), don't be too hard on yourself—but do make a mental note for the future. This company deserves your attention, having seen its stock soar by more than 200% over the past five years, with a current market cap of approximately $26 billion. Tradeweb Markets operates in the financial services sector, specializing in electronic trading platforms for various asset classes. At the helm is CEO Billy Hult, who has been with Tradeweb since it was founded in 1996. Hult became CEO in 2023 and has led several acquisitions to expand the company's reach. On today's episode of Opening Bid, executive editor Brian Sozzi is joined by Hult to discuss the future of trading, how artificial intelligence is reshaping the investment landscape, and what it means to lead with purpose in today's financial world.

The Fed's soft landing remains 'intact': Strategist

The Federal Reserve kicked off its interest rate easing cycle as it eyes a soft landing for the US economy. State Street Global Advisors chief investment strategist Michael Arone believes a soft landing is possible, and joins Morning Brief to lay out his case. "It's clear that both Chairman Powell and broader Fed officials have high conviction that the soft landing is here. He described it in the post-meeting press conference that the economy is in good shape, the labor market, by historic standards, still looks pretty good, and although he was reluctant to declare mission accomplished on inflation, that he's gained confidence that it's headed in the right trajectory," Arone tells Yahoo Finance. He notes that the market is also showing confidence in a soft landing, which is currently reflected in asset prices, valuations, credit spreads, and volatility measures. Meanwhile, the latest jobless claims data has ticked down. "So the soft landing remains intact. The Fed believes it, the market believes it, and the data supports it," Arone explains. As the Fed weighs its November cut, Arone says that he would be "surprised" if it followed through with another 50 basis points. He believes that the first cut signaled that monetary policy was "too restrictive" and the Fed was willing to "take some risks early on to get closer to where they want to end up, which is probably around 3%." He argues that such an aggressive move sent mixed signals to investors about the economy, and with the 2024 election right around the corner, the 50-basis-point cut also sparked some concerns about the Fed's political independence. However, Arone highlights that the November meeting will occur after the election, "so they'll be able to avoid some of the questions around their political independence if they are able to do this post-election." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

Fed rate cuts, Huang sells Nvidia stock, Google-Microsoft battle: Morning Brief

On today's Morning Brief, hosts Seana Smith and Brad Smith delve into market movements, trending tickers, and developments in the tech sector. The show kicks off with a focus on markets as the Dow Industrial Jones (^DJI) and S&P 500 (^GSPC) touched record highs just a week after the Federal Reserve's aggressive start to its rate-cutting cycle. Annex Wealth Management Chief Economist and Strategist Brian Jacobsen joins to discuss the possibility of another 'jumbo' cut from the Fed. The hosts then analyze stock reactions and company updates for several trending tickers, including KB Home (KBH), Ford (F), General Motors (GM), SAP (SAP), and Nvidia (NVDA). Notably, Nvidia's CEO Jensen Huang has recently sold approximately $713 million worth of the company's stock. Finally, there is unrest among Big Tech names, with Google (GOOG, GOOGL) filing a complaint with the EU accusing Microsoft (MSFT) of anticompetitive practices within its cloud business. Adam Kovacevich, Founder & CEO of Chamber of Progress, joins to discuss this development and its potential implications. This post was written by Angel Smith

How ETF investors are playing gold & fixed income right now

Cinthia Murphy, VettaFi Investment Strategist, joins Brad Smith to discuss how to play the exchange-traded fund (ETF) space as part of the ETF report on Wealth! Murphy tells Yahoo Finance, “Gold (GC=F) has made more than 30 new record highs so far this year. It keeps going up up up. And now that the Fed has cut rates, it's almost like the perfect storm for gold prices. Everyone you talk to on the Street, every market expert, macroeconomist, everyone has a bullish case for gold at the moment. You know gold is the prices tend to be inversely correlated to rates. So lower rates [are] good for gold prices.” She explains, “Even though the rates came [with] this idea that ‘soft landing, inflation is contained,’ there is a concern that it could actually be to stem economic weakness. It could be to try to manage [the] concern that inflation isn't fully over. Gold is a hedge against inflation. It's a safe haven. So all of the catalysts for gold performance seem to be in place. And the market is very bullish gold at the moment.” Looking beyond gold, Murphy says commodities can be considered “a broad diversifier” for investors’ portfolios. “Part of that diversification story that manages your risk exposure this time of year…But in general, the commodities and the metals have been great diversifiers for portfolios this year." As the Fed cuts rates, fixed-income assets have come into focus for investors. “Fixed income has been the asset class everyone is really interested in, and it's been a shifting story. So, the change in the rate policy really opened the opportunity for the duration play. So people are moving that cash-like exposure. We've seen all this money in the last couple of years go into that short end of the yield curve. It's that, you know, almost like cash type of exposure. Your money market funds, they're capturing about 5%, you know, a lot of yield to have your money sitting in a cash-like position. But now that rates are going down, going longer duration is starting to make sense.” As central banks around the world examine their rate policies, investors may want to adjust their portfolios. Murphy says “What's been interesting to see in the ETF space is that domestically there's a lot of exposures folks are using, a lot of folks are using aggregate type of bond portfolios” like the iShares Core US Aggregate Bond ETF (AGG) and the Vanguard Total Bond Market Index Fund ETF (BND.MX). “But on the international space, a lot of the money is going into the actively managed strategies…because there's a sense that to go internationally, the story isn't as clear cut. There's different moving parts, different countries doing different things, different central banks moving in different ways. So an active manager can really add value here, choosing which bonds to go, how far in duration, and how much credit quality to play with. So active management has really stood out as an interesting play here to go international.” For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Naomi Buchanan.

New home sales fall in August despite declining mortgage rates

New home sales dropped in August from the previous month as would-be homebuyers wait for mortgage rates to fall further.

Boeing losing '$100 million to $150 million a day' as union strike rolls on

Boeing finds itself stuck between a rock and a hard place, as the labor strike between it and the International Association of Machinists (IAM) union nears a second week.

Mortgage applications hit 2-year high as refinancings surge

Applications to refinance or purchase a home in the week that ended Sept. 20 rose 11% week over week, according to the Mortgage Bankers Association.

Home price growth is slowing. What does that mean for buyers?

Home price growth is slowing, according to the latest data from the Case-Shiller Home Price Index. Jessica Lautz, National Association of Realtors deputy chief economist and vice president of research, joins Wealth! to break down the state of the housing market and why many Americans are opting to co-buy homes. "It's a really interesting housing market right now because as we look regionally, we know that the West is always more expensive, but we're still seeing migration flow into mountain states, into the Sunbelt, and that's pushing up home prices in those areas of the country. We also know that it's really a struggle for first-time home buyers based on affordability to come into the market. So it's really expensive homes where we're seeing strong growth," Lautz explains. She notes that the qualifying income to buy a home is $108,000 nationwide, and for more buyers to enter the market, mortgage rates will have to continue easing. "If we look over the summer months, we saw that multiple bids had ticked down. We're at 2.4 offers for every home listed right now. But at the really tough peak, when we knew that interest rates were quite low in the 2% and 3% range, we saw 5.5 offers," she explains. Lautz believes that level may never be achieved again, but as rates continue to fall, she expects to see more interest in the housing market. She also highlights that 20% of homes in the last month sold above the asking price, which is lower than it has been over the past several months. "What we're seeing is strong demand in the housing market. As rates tick down, we could see those multiple offers come back," she tells Yahoo Finance. With the housing market still facing an affordability crisis, Lautz notes that many people are looking to co-buy. She explains, "Homes are expensive and so pooling incomes, thinking about saving together, earning equity together, makes a lot of sense, especially when housing in this country is usually three bedrooms, two baths. So do you actually need that whole house by yourselves as a single buyer? Probably not. So a roommate makes a lot of sense." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

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