Latest news with #PrimeCapitalFinancial
Yahoo
11 hours ago
- Business
- Yahoo
'Extreme volatility is behind us': Why some Wall Street experts suggest investors take a summer break
Stocks have bounced sharply off their spring lows following Trump's "Liberation Day" tariff announcements, and some Wall Street pros say the worst may be over, setting the stage for a relatively calm summer session. "The volatility is going to continue. ... But I think the extreme volatility is behind us," Solidarity Capital CEO Jeff McClean told Yahoo Finance in an interview on Wednesday. Between range-bound price action, a lack of clear direction from the Fed, and headline fatigue out of Washington, investors might be better off stepping away, according to McClean — at least until clearer signals emerge. "This summer, volatility is going to be a bit more muted as people check out of the daily news that's been triggering a lot of the tariff-related noise," he said. Since hitting its April low, the benchmark S&P 500 (^GSPC) has climbed roughly 20%, led by a swift rebound in beaten-down sectors like Communication Services (XLC), Consumer Discretionary (XLY), and Technology (XLK). Will McGough, deputy chief investment officer at Prime Capital Financial, echoed the view that markets may stay quiet through the summer, noting even long-term Treasury yields, a top concern in recent weeks, have remained mostly range-bound between 4% and 5%, despite ongoing noise out of Washington. "My recommendation right now is to enjoy the summer," he said. "There's not really anything that's going to get us excited about that range being broken substantially to the upside or downside," he added, noting the lack of significant, near-term catalysts likely to move markets meaningfully. Of course, plenty of events could keep investors busy in the coming months, from the Fed's Jackson Hole symposium in August and a crucial tariff deadline in early July to upcoming Fed meetings shaping rate-cut expectations and the progress of Trump's "big, beautiful bill" through the Senate. But so far, traditional market drivers like earnings, economic data, and Fed policy are taking a back seat to politics. "It's a fascinating market environment," McGough said. "D.C. is driving a lot of trickle-down effects through the stock market and with the fundamentals of stocks through trade policy." Read more: How to protect your money during turmoil, stock market volatility Adding historical context, Sam Stovall, chief investment strategist at CFRA Research, noted the month of June tends to be weak for stocks with mild volatility. He described the current correction as "manufactured," largely shaped by President Trump's trade decisions. Still, the broader backdrop remains promising. "I do think the second quarter is going to surprise on the upside yet again," Andrew Slimmon, managing director and senior portfolio manager at Morgan Stanley, told Yahoo Finance on Thursday, citing strong earnings expectations and a stable economy. "I wouldn't be surprised if markets [return to] an all-time high." Slimmon cautioned, however, that the current setup isn't as favorable as it was in early April, when stocks were coming off steep losses and volatility was high. Back then, even modest good news sparked strong, V-shaped rebounds. But after a 20% rally in the benchmark index and a quieter VIX (^VIX), markets may be more vulnerable to negative surprises — a key reminder that while summer could remain calm, investors' breaks might still be cut short. Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at
CNBC
09-05-2025
- Business
- CNBC
3-Stock Lunch: Palantir, Lyft and Expedia
Will McGough, Prime Capital Financial director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.
Perth Now
25-04-2025
- Business
- Perth Now
Wall St subdued by China trade uncertainty, Alphabet up
Wall Street's main indexes were muted in choppy trading, as investors struggled with little clarity on the US-China trade front despite signs of a possible softening in Beijing's stance. On a brighter note, Alphabet leapt 3.6 per cent after the Google-parent reported upbeat first-quarter results, easing investor worries about returns on hefty artificial intelligence-focused investment. The overall mood, however, became jittery after US President Donald Trump said in an interview he would consider it a "total victory" if the country had tariffs as high as 50 per cent on foreign imports a year from now. Trump also said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping has called him. Beijing, however, continues to dispute that negotiations are taking place. The conflicting headlines offset some optimism after China granted some US imports exemptions from its hefty 125 per cent tariffs, according to businesses notified. "It's more of the market just kind of waiting and seeing how things actually progress," said Clayton Allison, portfolio manager at Prime Capital Financial. "Everybody's trying to kind of figure out what's true, what's kind of political theatre and (it) really just feels more and more like headline volatility more than anything." In early trading on Friday, the Dow Jones Industrial Average fell 45.20 points, or 0.11 per cent, to 40,048.20, the S&P 500 gained 6.09 points, or 0.11 per cent, to 5,490.86 and the Nasdaq Composite gained 29.72 points, or 0.17 per cent, to 17,195.76. Alphabet's first-quarter results also lifted social media companies, with Meta Platforms rising 1.6 per cent. The communication services sector was up 1.5 per cent. Most megacap and growth stocks also gained, buoying the tech-heavy Nasdaq. Alphabet was "shaking off the whole narrative that they're getting impacted by the ongoing trade war," Allison said. Intel dropped 7.3 per cent following the chipmaker's dour forecast, while T-Mobile fell 8.2 per cent after adding fewer wireless subscribers than expected in the first quarter, both among the biggest drags on the S&P 500. Indexes rose for the third consecutive session on Thursday - the best winning streak for the S&P 500 since Trump's April 2 "Liberation Day" tariff announcement - and were set for strong weekly gains. The S&P 500 is so far up four per cent for the week, while the Nasdaq Composite and the Dow have risen 5.6 per cent and 2.4 per cent, respectively, mainly driven by hopes of de-escalating US-China trade tensions, Trump's backtracking on threats to fire the head of the Federal Reserve and some upbeat corporate results. However, sentiment remains highly cautious amid indications of a souring economic outlook and hits to company earnings from tariffs. The benchmark index remains below levels prior to the April 2 announcement, and is over 10 per cent off its February record close. AbbVie rose two per cent after the drugmaker raised its annual profit forecast on strong sales of its newer immunology drugs. Declining issues outnumbered advancers by a 1.36-to-1 ratio on the NYSE and by a 1.63-to-1 ratio on the Nasdaq. The S&P 500 posted three new 52-week highs and three new lows, while the Nasdaq Composite recorded 14 new highs and 21 new lows.
Zawya
25-04-2025
- Business
- Zawya
Wall St subdued as China trade uncertainty lingers; Alphabet gains
Wall Street's main indexes were muted in choppy trading on Friday, as investors struggled with little clarity on the U.S.-China trade front despite signs of a possible softening in Beijing's stance. On a brighter note, Alphabet leapt 3.6% after the Google-parent reported upbeat first-quarter results, easing investor worries about returns on hefty artificial intelligence-focused investment. The overall mood, however, became jittery after U.S. President Donald Trump said in an interview he would consider it a "total victory" if the country had tariffs as high as 50% on foreign imports a year from now. Trump also said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping has called him. Beijing, however, continues to dispute that negotiations are taking place. The conflicting headlines offset some optimism after China granted some U.S. imports exemptions from its hefty 125% tariffs, according to businesses notified. "It's more of the market just kind of waiting and seeing how things actually progress," said Clayton Allison, portfolio manager at Prime Capital Financial. "Everybody's trying to kind of figure out what's true, what's kind of political theater and (it) really just feels more and more like headline volatility more than anything." At 9:41 a.m. ET, the Dow Jones Industrial Average fell 45.20 points, or 0.11%, to 40,048.20, the S&P 500 gained 6.09 points, or 0.11%, to 5,490.86 and the Nasdaq Composite gained 29.72 points, or 0.17%, to 17,195.76. Alphabet's first-quarter results also lifted social media companies, with Meta Platforms rising 1.6%. The communication services sector was up 1.5%. Most megacap and growth stocks also gained, buoying the tech-heavy Nasdaq. Alphabet was "shaking off the whole narrative that they're getting impacted by the ongoing trade war," Allison said. Intel dropped 7.3% following the chipmaker's dour forecast, while T-Mobile fell 8.2% after adding fewer wireless subscribers than expected in the first quarter, both among the biggest drags on the S&P 500. Indexes rose for the third consecutive session on Thursday - the best winning streak for the S&P 500 since Trump's April 2 "Liberation Day" tariff announcement - and were set for strong weekly gains. The S&P 500 is so far up 4% for the week, while the Nasdaq Composite and the Dow have risen 5.6% and 2.4%, respectively, mainly driven by hopes of de-escalating U.S.-China trade tensions, Trump's backtracking on threats to fire the head of the Federal Reserve and some upbeat corporate results. However, sentiment remains highly cautious amid indications of a souring economic outlook and hits to company earnings from tariffs. The benchmark index remains below levels prior to the April 2 announcement, and is over 10% off its February record close. AbbVie rose 2% after the drugmaker raised its annual profit forecast on strong sales of its newer immunology drugs. Declining issues outnumbered advancers by a 1.36-to-1 ratio on the NYSE and by a 1.63-to-1 ratio on the Nasdaq. The S&P 500 posted three new 52-week highs and three new lows, while the Nasdaq Composite recorded 14 new highs and 21 new lows. (Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru; Editing by Maju Samuel)
Business Recorder
25-04-2025
- Business
- Business Recorder
Wall St subdued as China trade uncertainty lingers; Alphabet gains
Wall Street's main indexes were muted in choppy trading on Friday, as investors struggled with little clarity on the U.S.-China trade front despite signs of a possible softening in Beijing's stance. On a brighter note, Alphabet leapt 3.6% after the Google-parent reported upbeat first-quarter results, easing investor worries about returns on hefty artificial intelligence-focused investment. The overall mood, however, became jittery after U.S. President Donald Trump said in an interview he would consider it a 'total victory' if the country had tariffs as high as 50% on foreign imports a year from now. Trump also said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping has called him. Beijing, however, continues to dispute that negotiations are taking place. The conflicting headlines offset some optimism after China granted some U.S. imports exemptions from its hefty 125% tariffs, according to businesses notified. 'It's more of the market just kind of waiting and seeing how things actually progress,' said Clayton Allison, portfolio manager at Prime Capital Financial. 'Everybody's trying to kind of figure out what's true, what's kind of political theater and (it) really just feels more and more like headline volatility more than anything.' Wall Street turns higher on earnings At 9:41 a.m. ET, the Dow Jones Industrial Average fell 45.20 points, or 0.11%, to 40,048.20, the S&P 500 gained 6.09 points, or 0.11%, to 5,490.86 and the Nasdaq Composite gained 29.72 points, or 0.17%, to 17,195.76. Alphabet's first-quarter results also lifted social media companies, with Meta Platforms rising 1.6%. The communication services sector was up 1.5%. Most megacap and growth stocks also gained, buoying the tech-heavy Nasdaq. Alphabet was 'shaking off the whole narrative that they're getting impacted by the ongoing trade war,' Allison said. Intel dropped 7.3% following the chipmaker's dour forecast, while T-Mobile fell 8.2% after adding fewer wireless subscribers than expected in the first quarter, both among the biggest drags on the S&P 500. Indexes rose for the third consecutive session on Thursday - the best winning streak for the S&P 500 since Trump's April 2 'Liberation Day' tariff announcement - and were set for strong weekly gains. The S&P 500 is so far up 4% for the week, while the Nasdaq Composite and the Dow have risen 5.6% and 2.4%, respectively, mainly driven by hopes of de-escalating U.S.-China trade tensions, Trump's backtracking on threats to fire the head of the Federal Reserve and some upbeat corporate results. However, sentiment remains highly cautious amid indications of a souring economic outlook and hits to company earnings from tariffs. The benchmark index remains below levels prior to the April 2 announcement, and is over 10% off its February record close. AbbVie rose 2% after the drugmaker raised its annual profit forecast on strong sales of its newer immunology drugs. Declining issues outnumbered advancers by a 1.36-to-1 ratio on the NYSE and by a 1.63-to-1 ratio on the Nasdaq. The S&P 500 posted three new 52-week highs and three new lows, while the Nasdaq Composite recorded 14 new highs and 21 new lows.
