Tag: S&P 500
On August 27, in an interview with CNBC, Morgan Stanley's Mike Wilson reiterated his earlier target of $2,750 for the S&P 500 Index (SPY) in 2019.
Despite the trade war and the inverted yield curve, the S&P 500 Index is down 1.8% this month. Its resiliency reflects the US consumer sector’s strength.
The US Dollar Index, which measures the strength of the dollar against a basket of other currencies, has risen 2.2% in the past month.
Bill Ackman’s Pershing Square Holdings is having a stellar 2019. It's seen a year-to-date gain of 48.9% as per its letter to shareholders.
Tuesday’s stock market respite was short-lived. The S&P 500 Index fell 2.1% today after the yield curve inverted, an indicator of an impending recession.
In a statement released today, the US said it was delaying additional tariffs on Chinese goods until December 15.