NIKKEI 225
38,219.68 -54.37 (-0.14%) HANG SENG
18,182.65 +419.62 (+2.36%) CRUDE OIL
79.53 +0.53 (+0.67%) GOLD FUTURES
2,323.60 +12.60 (+0.55%) DOW
37,903.29 +87.37 (+0.23%) Bitcoin GBP
45,857.41 -1,903.54 (-3.99%)
MSCI China NTR Futures - ICUS - (CHH=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-06-21 |
| Open | 442.30 |
| Bid | 457.10 |
| Last price | 443.25 |
| Day's range | 442.30 - 445.15 |
| Volume | |
| Ask | 458.15 |
- Yahoo Finance Video
'India will be the new China in 10 years': Expert
As US Equities (^GSPC, ^DJI, ^IXIC) and the Magnificent Seven have been rallying, many investors are looking for ways to navigate the bigger picture. WisdomTree Global CIO Jeremy Schwartz and Crossmark Global Investments CEO and CIO Bob Doll join Yahoo Finance to discuss where investment opportunities lie beyond US equities and how to split allocations across markets. Schwartz explains that investors seeking diversification are likely deciding between Western countries "mired in war and sluggish economies" and Asian markets, rife with "political tension." He advises looking to countries with shareholder-friendly actions like buybacks, recommending Indian markets in particular. Doll concurs, pointing to costs: "The US is record expensive compared to the rest of the world...that doesn't mean you run out and sell all your US stocks and buy all non-US stocks, but it does tell you what your risk-reward might be." Doll compares future financial prospects in India to China today: "We are going to talk about India 10 years from now like we talk about China today. They're doing a lot of great things. They need to open up their banking system...a little bit but good things happening there." As gold (GC=F) reaches new highs in step with bitcoin (BTC-USD), Schwartz highlights gold's ties to Chinese markets: "Gold ETFs have been in outflows, you actually haven't seen money moving into gold and its hitting these new highs, so people are saying, well, where is this money coming from? Why is gold doing so well? It may be actually coming from China...the central banks there have been buying up precious metals and gold. You see silver playing catch up, we are seeing some money move into that, but I think its been an unlooked category." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
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Top strategists and money managers share investment ideas and themes to consider for 2024.
