Arab Today, arab today correction in wall street\s rally unlikely
Last Updated : GMT 19:50:02
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.

arabstoday
arabstoday

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

 



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 Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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