Arab Today, arab today correction in wall street\s rally unlikely
Last Updated : GMT 19:19:57
Arab Today, arab today
Arab Today, arab today

Correction in Wall Street\'s rally unlikely

Arab Today, arab today

Arab Today, arab today Correction in Wall Street\'s rally unlikely

New York - Arabstoday

Investors are beginning to wonder if this Energizer Bunny of a rally can just keep going without taking a break or a fall. Every Friday for the past couple of months, the question has hung in the back of investors\' minds: Is the stock market\'s rally strong enough to continue without a correction? Even with the S&P 500 above levels unseen since before the financial crisis, the answer remains: Yes. The broad market index broke through 1,400 — a psychologically important level — for the first time in four years last week. On Friday, the S&P 500 closed at 1,404.17, its highest since May 20, 2008. The index is up for nine out of the past 10 weeks. We are seeing this unbelievable rally in the market and yet the market is unbelievably complacent. We haven\'t been this bullish for a long time,\" Randy Frederick, director of trading and derivatives at the Schwab Center for Financial Research, based in Austin, Texas, said. Volatility index Indeed, the CBOE Volatility Index or VIX, Wall Street\'s fear gauge, plunged to a five-year low despite the S&P 500\'s stunning gain of 12 per cent for the year so far. The VIX measures the expected volatility in the S&P 500 index over the next 30 days and generally moves in the opposite direction of the broad market. Investors often use VIX options and futures as a hedge against a market decline. Frederick said the only concern is the wide spread between second- and third-month VIX futures, suggesting a rise in volatility in the longer term. But the front-month futures that expire this week have come down to levels near the spot VIX. The VIX fell 6.2 per cent on Friday to end at 14.47, its lowest close since June 2007. \"I would like to see the VIX around 17 just because it tends to have a significant pop when there is bad news at current levels,\" Frederick said, adding that \"frankly\" there isn\'t that much negative news out there. Further evidence of the market\'s bullish sentiment: The S&P 400 midcap index has popped above the 1,000 mark, an area of strong resistance since last year, according to Ryan Detrick, senior technical strategist with Schaeffer\'s Investment Research, in Cincinnati. \"It\'s a big area of resistance, but we have moved above this. If we manage to stay here, then the strength in the overall market will advance further,\" Detrick said. \"Historically, April has been a strong month, so we can even see the market going up to 1,440, which is the high made in May 2008,\" he added. The direction of Apple shares will also be in focus this week after the stock hit the $600 (Dh2,203.86) mark for the first time in history last week, only about a month after it topped $500. Apple currently accounts for about 18 per cent of the Nasdaq 100 stock index. Its weighting was cut to 12.3 per cent from 20.5 per cent last April, but the price surge has pushed the stock\'s weighting back up, making this index of 100 well-known companies hostage to the performance of a few technology titans like Apple. Impact of Apple shares With Apple\'s heavy weighting, investors are questioning whether the broad market can continue to rally even with a pullback in Apple shares. \"It\'s a name that a lot of people have exposure to, so it definitely has an impact on indexes, but it seems even without Apple, the money gets put to work in other sectors and stocks,\" Detrick said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today correction in wall street\s rally unlikely Arab Today, arab today correction in wall street\s rally unlikely

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday