PY News and Press, Principal Shareholder Yield Index ETF From 07/10/24

2024-07-10 05:30:00 ET Summary The KraneShares CSI China Internet ETF continues to outperform the S&P 500 since the end of January despite the recent pullback. China’s government has not deployed the preverbal 'policy bazooka' having witnessed the increase in debt and i...

2024-07-09 07:25:00 ET Summary The market capitalization of the S&P 500 grew by 4.2% during the course of the second quarter of 2024. The Top 10 stocks within the market cap-weighted index together accounted for 35.8% of its total valuation. Nvidia lost over $300 billion w...

2024-07-08 14:20:00 ET Summary The S&P 500 is currently up 17.38% year to date and has recorded a new all-time high 34 times this year. The U.S. Treasury put the closing yield on the 10-year note, as of July 5th, at 4.28%, which is above its record low. The S&P 500 is ...

2024-07-08 06:30:00 ET Summary The big banks start reporting next Friday, July 12th, ’24. The June CPI and PPI data are also due this week. The forward 4-quarter estimate jumped $9 this week as the old quarter (Q2 ’24-Q1 ’25) fell off and new quarter was added...

2024-07-04 20:05:00 ET Summary The 18-month annualized return for the S&P 500 is 28.55%. That’s a tad stretched. The 60%/40% standard balance portfolio returned 8.78% in the first half of 2024. The big difference between today and 24 years ago is sentiment: stock ma...

2024-07-04 12:30:00 ET Summary The French election: I discuss the investment implications of three possible scenarios: a far-right majority, a far-left majority, and a temporary administrative solution. We received two important data points that could bring us closer to the long-a...

2024-07-03 07:42:00 ET Summary The second quarter of 2024 has come and gone, which was a surprisingly strong quarter for dividend-paying stocks. Focusing on June 2024, the year-over-year comparison with June 2023 is favorable. We find there is a bearish storm cloud potentially...

2024-07-03 02:30:00 ET Summary U.S. equity markets are in a period of extended calm, with the benchmark S&P 500 Index closing in on one year since it last dropped 2% in a single day. An extended period of calm means investors must be vigilant and not become complacent. However...

2024-07-02 17:30:00 ET Summary Astonishingly, the top five giants of the S&P 500 now account for a staggering 27% of the entire index. I remember when I first started working in the financial services industry how glamorous it appeared to be a stockbroker, day-trading in the l...

2024-07-02 01:00:00 ET Summary I was not happy to see so much selling into strength last Friday, the last day of the quarter – following what should have been encouraging inflation news. Both bonds and stocks sold off, and we ended up having a flat (slightly down) week, off...