India’s benchmark indices Nifty 50 and Sensex started the day in the red on Tuesday. Nifty 50 sank below the 24,500 mark, going down around 0.77% to trade at 24,487.70 points while the Sensex was down 0.71% to trade at 81,165.23 in early trade. The fall today comes as investors…
As we head ever closer to year-end, it’s time to take an early squint at how markets have behaved in 2024. US equities have been on an absolute tear. In fairness, the starting point for the latest, and possibly last, leg of the rally was October 2023. This was when…
European markets started Tuesday on a weak note, with the pan-European Stoxx 600 index slipping 0.4% as all sectors and major bourses opened in negative territory. A pivotal week for global monetary policy is underway, with the US Federal Reserve, Bank of England, and other central banks set to deliver…
The year 2024 has not exactly been a remarkable time for Reliance Industries Limited (RIL), with its shares on track to end the year with negative returns for the first time in nearly a decade. This decline marks a stark contrast to the robust growth enjoyed in previous years. From…
The USD/CAD exchange rate rallied to its highest level since November 2020 after the Bank of Canada delivered another jumbo rate cut. It rose to 1.4247, up by almost 20% from its lowest level in 2020. Canada inflation data ahead The USD/CAD pair jumped after the BoC slashed interest rates…
The Schwab US Dividend Equity ETF (SCHD) has crashed hard recently, falling below the 50-day moving average and the crucial trendline. It has dropped from the year-to-date high of $29.45 to $27.87, its lowest swing since November 5. Bad news for SCHD ETF The daily chart shows that the Schwab…
The Hungarian forint strengthened a bit against the US dollar as traders positioned themselves for the upcoming Federal Reserve and Hungary’s central bank decision. The USD/HUF pair was trading at 390, a few points below the year-to-date high of 398. Hungarian central bank decision The USD/HUF exchange rate will be…
The iShares Core Dividend Growth ETF (DGRO) has retreated in the past few days as American stocks lose momentum and as investors book profits. It has retreated by over 2.85% from its highest level this year and is hovering at its lowest point since November 2021. So, is there a…
The JPMorgan Equity Premium Income ETF (JEPI) stock has had a strong performance this year as it jumped to a record high of $60.52. Its total return this year stood at 15%, underperforming the S&P 500 index, which has risen by about 27.3% this year. JEPI has risen by 15.9%…
The JPMorgan Nasdaq Equity Premium ETF (JEPQ) and Nasdaq 100 Covered Call ETF (QYLD) funds offer some of the biggest yields in the United States. JEPQ yields 9.30%, while the QYLD yields 11.46%, much higher than what the Nasdaq 100 index offers. So, how did these funds perform in 2024,…