The market demonstrated resilience with the Russell 2000 small-cap index holding its 200-day moving average, signaling confidence in domestic growth and economic stability. The transportation sector remains stable despite rising oil prices, creating uncertainty about the true market impact of higher costs. Bonds also remain steady, supporting risk assets. The critical focus is on the retail sector, which is testing a key support level at 77; holding this level suggests consumer confidence and potential market stability, while a break could lead to increased downside risk and a market correction.
The Columbia Seligman Premium Technology Growth (STK) closed-end fund is trading at its widest discount to net asset value in over ten years, currently 7.9%, driven by recent tech sector volatility and profit-taking. Despite a market pause since mid-...
The iShares Russell 2000 ETF (IWM) charges a 0.19% expense ratio, significantly higher than similar ETFs like Vanguard's VTWO and iShares Core's IJR, which charge about a third of that. Beyond fees, IWM suffers from an annual drag due to the Russell ...
