[YMMV] Citi Sears Spend Offer: Up To 20x
Citi Sears is offering some cardholders the following deals
Citi Sears is offering some cardholders the following deals
Citi Rewards+ signup bonus now: 20,000 points, plus 5x on restaurants, for 12 months, up to $6000
The first session of the holiday-shortened week was a wild one, as a deep Tuesday morning dip evolved into a severely split market featuring pockets of red and green alike.
On one side, you had big dips in economically sensitive sectors. Energy (-4.0%) fared the worst thanks to a drastic decline in U.S. crude oil futures, which plunged 8.2% to $99.50 â the commodity’s lowest finish in more than two months.
“This move came on the back of an ever-increasing number of economic indicators (Goldman Sachs US Financial Conditions Index, Citi US Economic Surprise Index, ISM orders) now pointing to sustained weakening of financial conditions as well as Street expectations,” says Michael Reinking, senior market strategist for the New York Stock Exchange.
Also weighing on oil was a strengthening U.S. dollar, which closed the session at a 19-year high. (Remember: Oil is priced in U.S. dollars, so a strong dollar will weigh on oil prices, and vice versa.) The aforementioned worries of weakness hampered other sectors, too, including materials (-2.0%) and industrials (-1.5%).
“Shifting to a more near-term view, with commodity prices coming a bit back down to reality, some investors may view this as a welcome sign that inflation is beginning to cool â the main driver of recent volatility,” adds Chris Larkin, managing director of trading for E*Trade.
Sign up for Kiplinger’s FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
However, other parts of the market â namely, those pinned to the ground by rising interest rates â came off the mat as recent weakness in Treasury yields continued.
The 10-year T-note yield fell as low as 2.78% on Tuesday, sending communication services (+2.4%) and consumer discretionary (+2.2%) stocks higher. Facebook parent Meta Platforms (META, +5.1%), Google parent Alphabet (GOOGL, +4.2%) and Amazon.com (AMZN, +3.6%) â all members of the “FAANGs” â were among the session’s noteworthy winners.
That resulted in markedly divergent results among the major indexes, which all finished well off their morning lows. The Dow Jones Industrial Average, led lower by Chevron (CVX, -2.6%), dipped 0.4% to 30,967, while the S&P 500 finished with a tame 0.2% uptick to 3,831. The Nasdaq Composite, however, popped 1.8% to 11,322.
YCharts
Other news in the stock market today:
Inflationary pressures (and related stock-market pain) are hardly exclusive to investors in U.S. equities. For instance, the iShares MSCI Emerging Markets ETF (EEM) â one of the most popular funds holding emerging markets stocks â entered bear-market territory this year and is currently off 19% year-to-date.
Like with anything that’s down, investors might put EMs on their buy-the-dip list. BofA Securities does warn that a comeback isn’t necessarily imminent â but emerging markets won’t be down forever.
“We stay bearish into the summer but see emerging long-term value. Don’t turn bullish before central banks panic about recession more than inflation,” say BofA’s David Hauner and Claudio Irigoyen. But they add that “2023 is starting to come into focus: it might get better for EM. The EM-US growth differential is one of the more reliable top-down indicators. For 2023, our mid-year forecast update implies the best such number in a decade.”
Thus, investors would do well to at least start building their EM wish lists.
But if you find individual names to be a bit too risky, emerging markets mutual funds allow you to enjoy some of this category’s explosive upside while decreasing the chances that a single-stock blow-up will torpedo your portfolio. We look at five top emerging market funds.
Managing your budget can be stressful, especially if you have an unexpected emergency pop up. Fortunately, there’s a way you can prepare for unexpected financial emergencies. By building up a savings buffer—called an emergency fund—you can be prepared to pay for unexpected emergencies without having to turn to credit card debt, family loans, or other borrowing options … [Read more…]
Itâs now possible to activate/enroll all 5% category credit cards for the third quarter of 2022, including the Chase Freedom, Chase Freedom Flex, Discover IT, Citi Dividend, US Bank Cash+ and a few others. In this post weâll provide the activation link for each card and links to track your spend, along with strategies to […]
Virtual credit cards make your information more secure, but they can really only be used for online shopping. Here’s all you need to know about virtual credit cards.Virtual credit cards make your information more secure, but they can really only be used for online shopping. Here’s all you need to know about virtual credit cards.
The post What Are Virtual Credit Cards? And Should You Get One? appeared first on Money Under 30.
I’m not sure how new this is. A reader sent in a tip that U.S. Bank cards can have their rewards program linked with Paypal which then allows redemptions at 1 cent-per-point toward any future Paypal purchase. That gives us the ability to cash out rewards without the standard $25 cash minimum or $10 real […]