After Donald Trump won the US presidential election in November 2016, market participants became optimistic about the US business (IWF) (SPY) (QQQ) environment.
David Tepper said that the improvements in various economic indicators are improving investors’ confidence in the economy.
The bond market has shown a huge rally in the last 35 years.
On Wednesday, March 8, 2017, David Tepper discussed his views on the equity market, the bond market, and top stock picks in an interview with CNBC.
Recently, the top ten institutional holders of Enbridge Energy Partners (EEP) added net 0.9 million EEP shares to their positions.
Citigroup (C) is currently trading at $61.11. Its 52-week high is $62.53 and 52-week low is $38.31.
According to Goldman Sachs (GS), hedge funds have reduced their position in financial stocks (XLF).
Bank of America (BAC) is currently trading at $25.26. Its 52-week high is $25.80 and 52-week low is $12.05.
The Financial Select Sector SPDR ETF (XLF), which tracks the performance of the financial sector, rose nearly 23.6% between November 8 and March 7.
Recently, Morgan Stanley Investment Management, Goldman Sachs, and Bank of America Merrill Lynch bought Emerge Energy Services (EMES) shares totaling nearly 2 million.
The S&P 500 Index (SPY) is currently trading at price-to-earnings multiple of 18.6x.
The S&P 500 Index is trading 1.2% above its 20-day moving average and 6% above its 100-day moving average.
Various US indexes such as the S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite have performed well since the US election.
In 4Q16, IBM reported diluted EPS (earnings per share) of $4.73.
In 4Q16, US (SPY) (QQQ) (VFINX) real GDP grew at an annual rate of 1.9% compared to a 3.5% rise in 3Q16.
On May 16, 2016, Berkshire Hathaway (BRK) took a new stake worth $1.0 billion in Apple (AAPL).
Warren Buffett’s first piece of investment advice is “don’t try to time the markets.”
In 4Q16, US (SPY) (QQQ) (IVV) (VFINX) real GDP grew at an annual rate of 1.9% compared to a 3.5% rise in 3Q16.
The broad market S&P 500 Index (SPY) has risen nearly 221% since the 2008 subprime crisis as of February 20, 2017.
Jack Bogle said that indexing could provide a good return if it’s based on a broad market index like the S&P 500 Index (SPY).