Sensex surpasses 84,000 for the first time, while Nifty reaches a new record high.
India’s leading stock indices hit all-time highs on Friday during mid-session trading, buoyed by positive market sentiment following the US Federal Reserve’s rate cut. The Sensex and Nifty achieved new peaks of 84,213 and 25,716, respectively, marking the first time the Bombay Stock
US Fed Rate Cut Expected to Boost Investment and Business Sentiment; Focus Shifts to India
Analysts welcomed the US Federal Reserve’s recent rate cut of 0.5 percentage points (50 bps), citing it as a positive move amidst a strengthening US economy with stable inflation. Attention now turns to India, which is currently the fastest-growing economy in the world.
Personal finance insights: Market sentiments,investment strategies & economic trends
By: Krishna Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread +20.4% (high)$NYA50R, NYSE %Above 50-dMA 53.17% (positive)$SPXA50R, SP500 %Above 50-dMA 59.00% (positive)Delta MSI 73.3% (overbought; it lags)ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.98%, Hybrids 4.48%, Bonds 17.94%, M-Mkt 16.61% INTEREST RATESCME FedWatchCycle
Egypt Urges Overhaul of Global Financial System
Egyptian President Abdel-Fattah al-Sisi has called for a restructuring of the global financial system and greater involvement of developing countries in economic decision-making processes. In a virtual address at the UN event “Global Call on the Summit of the Future” on Thursday, Sisi
Complaint Filed Against CM Siddaramaiah for Rs 68 Crore Fraud in MLAs/MPs Court
Karnataka Chief Minister Siddaramaiah faces new legal troubles as a private complaint has been filed against him and others in the Special Court for MLAs/MPs in Bengaluru, alleging a fraud exceeding Rs 68 crore involving the Bruhat Bengaluru Mahanagara Palike (BBMP). On Friday,
How Is Your Credit Score?
YBB Personal Finance You may not realize how extensively the credit scores are used. Obviously, they are used for loan approvals – personal, auto, credit card, mortgage loans. But increasingly, they are used for utility & cell phone services, apartment rentals, insurance, job
Indian Startup Ecosystem Sees 13 Major Funding Rounds in 2024
In 2024, the Indian startup ecosystem has marked a significant milestone with 13 major funding rounds, underscoring a robust and dynamic investment landscape. These funding rounds reflect growing confidence and interest in the Indian startup sector, showcasing a broad range of industries and
Personal finance insights: Market sentiments, investment strategies & economic trends
By: YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +27.9% (high)$NYA50R, NYSE %Above 50-dMA 73.66% (overbought) $SPXA50R, SP500 %Above 50-dMA 79.80% (overbought)Delta MSI 70.4% (overbought, barely) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.84%, Hybrids 4.50%, Bonds 17.84%, M-Mkt 16.82% INTEREST RATESCME FedWatchCycle peak 5.25-5.50%FOMC
Federal Reserve & FOMC
By: YBB Personal Finance The US Central Bank structure & operations are complicated. The Federal Reserve Act (1913) made the FEDERAL RESERVE (the Fed) the US Central Bank. Unlike most central banks, the Fed has a DUAL MANDATE for controlling inflation & unemployment.
Personal finance insights: Market sentiments, investment strategies & economic trends
By: YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +3% (below average)$NYA50R, NYSE %Above 50-dMA 51% (positive, barely)$SPXA50R, SP500 %Above 50-dMA 58% (positive)Delta MSI 56.9% (positive) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.84%, Hybrids 4.50%, Bonds 17.84%, M-Mkt 16.82% INTEREST RATESCME FedWatchCycle peak 5.25-5.50%FOMC
Is my account safe?
By: YBB Personal Finance SENTIMENTS That depends on the type of accounts & where they are held. FDIC insures bank deposits up to $250K/ownership-category/bank. Deposits can be checking, saving (regular or online), money-market accounts & CDs. Limits apply to different ownership-categories – individual,
Personal finance insights: Market sentiments, investment strategies, and economic trends
By: YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +11.5% (above average)$NYA50R, NYSE %Above 50-dMA 71.63% (overbought)$SPXA50R, SP500 %Above 50-dMA 69.8% (positive)Delta MSI 65.0% (positive) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.59%, Hybrids 4.53%, Bonds 17.88%, M-Mkt 17.01% INTEREST RATESCME FedWatchFOMC 7/31/24+ hold (cycle
Personal Finance for Noncitizens
By YBB Personal Finance The US is a melting pot of immigrants. But the path to naturalized citizenship is long. In many families, one or more members may be noncitizens. Briefly outlined here are the situations where your immigration or domicile (or resident)
Personal finance insights: Market sentiments, investment strategies & economic trends
By YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +27.5% (high) $NYA50R, NYSE %Above 50-dMA 68.97% (positive) $SPXA50R, SP500 %Above 50-dMA 70.20% (high, barely)Delta MSI 47.9% (negative) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.59%, Hybrids 4.53%, Bonds 17.88%, M-Mkt 17.01% INTEREST RATESCME FedWatchFOMC 7/31/24+
Estate & Gift Planning
By YBB Personal Finance We hear horror stories of celebrities & billionaires dying INTESTATE (notable examples include Prince, Howard Hughes, etc) & it’s not because they lack access to financial planning. When a person dies intestate, i.e. without a Will or Trust, his/her
Personal finance insights: Market sentiments, investment strategies, and economic trends
By YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +16.2% (above average)NYSE %Above 50-dMA 50.13% (positive, barely)Delta MSI 49.0% (negative) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.59%, Hybrids 4.53%, Bonds 17.88%, M-Mkt 17.01% INTEREST RATESCME FedWatchFOMC 7/31/24+ hold (cycle peak 5.25-5.50%)FOMC 9/18/24+ cutTreasury 3-mo
Where is your cash?
By YBB Personal Finance With the Fed in higher-rates-for-longer mode, many investors are also staying in “cash” for longer. “Cash” includes anything with less than 1-yr maturity that can be liquidated without concerns about large losses – short-term CDs (at banks or brokerages),
ADB approves $56 mn loan, grant to Kyrgyzstan
ADB approves $56 mn loan, grant to Kyrgyzstan Manila, The Asian Development Bank (ADB) on Monday said that it has approved the funding of $56 million to Kyrgyzstan to improve wastewater management and enhance sustainable and inclusive tourism in the Issyk-Kul region, renowned
The real estate commission shakeup: A buyer’s (and seller’s) market emerges
The way Americans buy and sell homes is undergoing a significant shift, driven by a recent court ruling and changes to the traditional real estate commission structure. Here’s a breakdown of what’s happening: The Old Guard Gives Way:•The National Association of Realtors (NAR),
Rising college costs: A topic of concern?
By YBB Personal Finance Rising college costs are on the minds of many parents and students. Planning must begin early. States’ 529 plans are great vehicles for them. Each state has a 529 plan under the federal and state laws. The earnings grow