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Health insurers were among the biggest losers, while an investment management company came out on top.
The market ignored average post-election year seasonality in July but has now reached the $6380-6460 target zone from where a 5-7% correction has a high chance of materializing before targeting ~$6800.
The three major US indices all look as if they are going to continue to look to higher levels, although there are differing signs of momentum or strength.
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As we head into August, the S&P 500 Index (SPX) is on a three-month win streak, gaining about 14% over that span.
U.S. and South Korea agree to a trade pact that will see the U.S. apply 15% tariffs
U.S. and South Korea agree to a trade pact that will see the U.S. apply 15% tariffs
YLDE offers diversified exposure to high-quality dividend growth companies and monthly payouts, simplifying income investing for those seeking steady cash flow. The ETF's option-writing strategy on the S&P 500 aims to boost income, but caps price appreciation and leads to underperformance versus traditional index ETFs. Dividend yield is modest at 3.2% and payouts are inconsistent, with tax efficiency concerns making YLDE best suited for tax-advantaged accounts.
Oppenheimer & Co. Inc. chief investment strategist John Stoltzfus is the biggest bull on Wall Street. He had a year-end target of 7,100 for the S&P 500 (^GSPC), a street high.