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8am: Weak start expected US stock futures are pointing to a negative start for Wall Street a day after the S&P 500 closed at a fresh record as enthusiasm for AI and crypto helped offset new trade threats from President Donald Trump. Futures for the broad-market index pointed to a 0.6% decline when trading gets underway, with those for the Dow Jones also indicating a 0.6% fall while the Nasdaq is expected to open 0.5% lower.
Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, believes the S&P 500 can rally another 12% this year.
New CEO Kirk Tanner's background in consumer packaged goods and brand building will help boost Hershey, one analyst says.
The Wednesday morning session sees buying in the major US indices, as the overall trend remains intact at this point. Ultimately, the markets continue to see a lot of buying, and I think at this point in time, the dips continue to be opportunities.
I revisit SPYI and GPIX ETFs after a rapid bear cycle to assess their performance and differences. Both funds experienced the market downturn and subsequent recovery, providing a real-world test of their strategies. I compare their returns over various parts of the cycle to show the strengths and weaknesses of these funds and their unique strategies.
I rate STEW a buy for its strong earnings, solid dividend coverage, and attractive 20% discount to NAV, offering compelling value. The fund's resilience during market downturns, focus on high-quality holdings like Berkshire Hathaway, and consistent dividend growth stand out. STEW's 3.7% yield is well-supported by earnings and tax-efficient distributions, making it ideal for income-focused investors in taxable accounts.
Wall Street analysts are starting to nudge their 2025 price targets for the S&P 500 higher heading into the back half of the year, but the modest forecasts suggest that near-term gains will be harder to come by following the searing spring rally.
Bank of America has raised its year-end S&P 500 target to 6,300, up from its previous forecast of 5,600. The updated outlook, issued by chief equity strategist Savita Subramanian, reflects just a 1.1% potential upside from the index's closing level of 6,229.98 on Monday.
The three main US indices that I follow here at FX Empire all look as if there are still plenty of buyers willing to get involved at this point. The markets will continue to see a lot of external noise, but in the end, they are all bullish.
The S&P 500 is on fire this July, just as it has been every year since 2015. But behind the celebratory green candles and fresh highs lurks a much murkier picture.