Sarah Sands

The S&P 500 Index is trading 1.2% above its 20-day moving average and 6% above its 100-day moving average.

In this series, we’ll take a look at the global final manufacturing PMIs and services PMIs for March 2017. These indicators help us understand the business condition of an economy.

The EU’s light immigration laws allow young talent to work across the EU, but with more immigrants entering the UK, local citizens have less access to jobs.

Alphabet reported its 3Q17 earnings on October 26, 2017. The company posted EPS (earnings per share) of $9.57, which beat analysts’ estimates of $8.33.

Goldman Sachs (GS) believes that Cornerstone OnDemand could provide a cash return of 37% on cash investments in R&D by 2018.

On a year-over-year basis, China’s industrial production increased to 6.0% in May 2016. That’s the same pace as April.

The dollar index (UUP) rallied about 22% between October 2014 to July 2016.

Donald Trump’s policies are aimed at strengthening job markets in the United States (VFINX) (IVV).

The Technology Select Sector SPDR ETF (XLK) fell ~2.6% on March 22, 2018.

In a recent interview with CNBC, Larry Fink, CEO of BlackRock (BLK), shared his views on market movement, the US economy, and the dangerous impact of the lower interest rates.

Buffett said in his recent interview with CNBC that the passive investment strategy or indexing strategy should work well in any market situation.

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 US energy sector was badly affected by the recent market sell-off in February 2018.

Billionaire investor George Soros recently shared his views on social media companies Facebook and Google.

Facebook, Amazon, Netflix, and Google returned nearly 388%, 345%, 1,157%, and 217%, respectively, in the last five years.

The US economy has been improving gradually, but some businesses in the US have suffered a lot over the years.

Legendary value investor Bill Miller has an optimistic view on the equity market.

The SPDR Euro Stoxx 50 ETF (FEZ) is a US exchange-traded ETF that tracks the performance of the 50 largest companies across the Eurozone.

Billionaire investor and bond guru Jeffrey Gundlach also shared his view on bond yields in an interview with CNBC.

Marc Faber said in the interview that he is becoming more positive about emerging markets and particularly China, in which he has increased his position.

On November 9, 2016, the iShares 20+ Year Treasury Bond ETF (TLT) fell 4.2% following Donald Trump’s win.

On November 25, the SPDR S&P 500 ETF closed on a flat note ahead of the holiday. It closed at $209.3. The Energy Select Sector SPDR ETF fell by 0.81% on the day.

In the previous part of this series, we saw that Jeffrey Gundlach bought the put option of the S&P 500 index (SPY) and he expects that the index could fall 3% by the end of 2017.

In an interview with CNBC’s Halftime Report on Tuesday, August 8, billionaire investor Jeffrey Gundlach shared his views.

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.

Paul Singer, the CEO of Elliott Management, increased his holdings in NXP Semiconductor (NXPI) in 3Q17, according to a recent 13F filing report.

Valeant Pharmaceuticals is currently trading at $23.05. Its 52-week high is $23.47 and 52-week low is $8.31.

The UK’s 2Q17 economic growth surprised the market with a rise of 0.3% as compared to a 0.2% rise in the first quarter of 2017.

Druckenmiller’s firm bought 710,200 shares of Alibaba (BABA) in 2Q17. The holding accounted for nearly 5.4% of the firm’s portfolio in 2Q17.

In the current global scenario, the possibility of further devaluation of the Chinese yuan is a major concern for global equity markets. The Chinese PMI data released on January 31, 2016, indicated a slowdown in the Chinese economy.

Various central banks in developed nations (EFA) have lowered their key interest rates close to the zero level to revive their economies.

According to the recent 13F filings, Soros Fund Management has increased its position in the iShares Russell 2000 ETF (IWM) by 36% in 1Q17 compared to the previous quarter.

Billionaire hedge fund manager David Einhorn is well known for his investment strategy, having advised long and short bets during different market scenarios.

If major Eurozone economic indicators improve in the coming months, we could expect those economies to regain some strength.

Stanley Druckenmiller also sold his position in the iShares MSCI Emerging Markets ETF (EEM).

The financial sector has contributed heavily to the UK economy. Financial institutions like HSBC and Barclays will face challenges doing business in the EU.

Valeant is currently trading at $23.86. On a year-to-date basis, the stock returned -77%.

The Japan Services PMI (EWJ) (DXJ) stood at 53.3 in June 2017 compared to 53.0 in May 2017. It met the market expectation of 53.2.

According to a report by the Centre for European Economic Research (ZEW), the Eurozone ZEW Economic Sentiment Index fell to 26.7 so far in October compared to 31.7 in September.

During a gradual rate hike scenario, Gundlach believes investment in mortgages is the best strategy.

When asked in a recent interview his thoughts about the short-term and medium-term investment story, Jurrien Timmer said that the main issue for the market other than geopolitical risks is its valuation.

On a YTD (year-to-date) basis, Amazon has returned nearly 40% as of November 3, 2017.

Jim Chanos, the billionaire investor and a well-known short seller in the hedge fund industry, said at the Delivering Alpha Conference on Tuesday, September 12, 2017, that he is continuing his short position in Tesla (TSLA).

According to the U.S. Energy Information Administration’s report on June 29, 2016, US crude oil inventories fell by 4.1 MMbbls in the week ended June 24, 2016.

According to the EIA’s (U.S. Energy Information Administration) report on October 5, 2016, US crude oil inventories fell 3.0 MMbbls (million barrels) for the week ended September 30, 2016.

Jim Chanos, a prominent short seller, discussed his view on Tesla in a recent interview with CNBC. He has a short bet on Tesla (TSLA) and said, “we think the equity is worthless.”

Economic indicators Key economic indicators investors should watch for this week are: US (SPY) services PMI data UK (EWU) services PMI data Eurozone (IEV) (VGK) services PMI data German (EWG) services PMI data Spanish services PMI data French (EWQ) services PMI data Japanese services PMI data US ADP employment data US non-farm payroll data Wrapping up […]

Pershing Square Capital Management’s top sectors in 3Q17 were consumer discretionary (XLY), information technology (XLK), consumer staples (XLP), real estate (IYR), and materials (XLB).

Whole Foods Market (WFM) has returned nearly 40% on a year-to-date basis as of June 20, 2017.

The Brazilian economy is experiencing contraction due to a fall in commodity prices and the political turmoil. The commodities market is one of Brazil’s most important growth drivers.