EDITOR'S NOTE
Almost any place an investor plopped down money has yielded a return this year.
Stocks, bonds, oil, precious metals — just about every asset class is on track to close 2019 with a profit, writes CNBC's Yun Li.
This comes despite myriad worries about a trade war, a slowing economy, interest rates and some things you may have already forgotten by now, like that pesky negative yield curve. Much of this largesse comes compliments of the Federal Reserve.
"We've gotten three rate cuts as we know and a dramatic rise in the size of their balance sheet in a very short period of time," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
All 11 S&P 500 sectors are showing gains with tech and telecom at the top of the heap.
Monday, however, was a down day for stocks after the release of some worse-than-expected manufacturing data.
We also saw a spike in the "fear gauge." The Cboe Volatility Index jumped above 14 from 12.6.
Still, stocks remain near their all-time highs, and holiday sales are off to a solid start.
It's always a little tipsy at the top.
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Senin, 02 Desember 2019
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