Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Markets came into the beginning of the year priced for perfection that the U.S. would avoid a major recession, Fed rate hikes would conclude soon, and inflation would fall rapidly back near its 2% target rate. It’s a narrative that has changed in the last month and Andrew Beer, co-portfolio manager of iMGP DBi Managed [...]
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After the sudden collapse of Silicon Valley Bank and now Signature Bank, things are looking a little bit rough for the banking sector. Despite regulators stepping in to take control of the failed banks and the Fed launching a new Bank Term Funding Program to provide additional funding to help banks meet depositors’ needs, banks like [...]
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Carbon allowances markets, the regulated emissions markets that adhere to mandated policies, are largely up year-to-date in a challenging macro environment. California’s most recent round of allowance auctions for its emissions trading system created positive price momentum and underlying price pressures that could prove advantageous for investors. California recently underwent its first allowances auction for [...]
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In trading on Monday, shares of the SPDR Bloomberg Convertible Securities ETF (Symbol: CWB) entered into oversold territory, changing hands as low as $64.45 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicat
A lot of research goes on these days assessing how anxious Americans are based on online sentiment, but markets need only look to one of the handy indicators that grade volatility to see that the current moment is a stressful one. One such measure is, of course, the Chicago Board Options Exchange’s CBOE Volatility Index, [...]
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The fallout from the collapse of Silicon Valley Bank continues. After regulators shut SVB down on Friday, it was announced late Sunday that Signature Bank was being taken over to protect its depositors and the stability of the U.S. financial system. This is after Signature customers scared by SVB’s collapse withdrew more than $10 billion [...]
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In trading on Monday, shares of the Investment Grade Floating Rate ETF (Symbol: FLTR) crossed below their 200 day moving average of $24.90, changing hands as low as $24.65 per share. Investment Grade Floating Rate shares are currently trading down about 2.3% on the day. The c
As the viewing public turned towards the Oscars over the weekend, investors and market watchers were worried instead by bad news coming for the banking sector. While the extent of contagion risk from the run at Silicon Valley Bank (SVB) has yet to be fully determined with support measures en route from the government, investors [...]
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Despite last week’s sharp losses, high beta maintains its position as the top-returning S&P factor index in 2023. The S&P 500 suffered its biggest percentage drop since September last week, declining 4.6%. All large-cap segments fell, but the S&P 500 High Beta Index – tracked by the Invesco S&P 500 High Beta ETF (SPHB) – [...]
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Our work suggests that the U.S. will face significant economic challenges in the near-term. While we do expect a recession in 2023, we also look forward to the beginning of the next business cycle which should be fundamentally stronger than anything we have seen in recent decades. Our near-term concerns are centered on the Fed’s [...]
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The iShares U.S. Regional Banks ETF is seeing unusually high volume in afternoon trading Monday, with over 2.8 million shares traded versus three month average volume of about 135,000. Shares of IAT were down about 13.4% on the day.
In trading on Monday, the Junior Gold Miners ETF is outperforming other ETFs, up about 6.5% on the day. Components of that ETF showing particular strength include shares of Argonaut Gold, up about 11.2% and shares of Equinox Gold, up about 11.2% on the day.
In trading on Monday, shares of the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV) entered into oversold territory, changing hands as low as $156.9162 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indi
In trading on Monday, shares of the Vanguard S&P Small-Cap 600 ETF (Symbol: VIOO) entered into oversold territory, changing hands as low as $170.72 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator us
In trading on Monday, shares of the Vanguard Extended Market ETF (Symbol: VXF) entered into oversold territory, changing hands as low as $132.01 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to m
In trading on Monday, shares of the Invesco S&P MidCap Momentum ETF (Symbol: XMMO) entered into oversold territory, changing hands as low as $72.621 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator u
In trading on Monday, shares of the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) entered into oversold territory, changing hands as low as $134.1004 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicato
In trading on Monday, shares of the COWZ ETF (Symbol: COWZ) entered into oversold territory, changing hands as low as $44.74 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the SPDR Portfolio Intermediate Term Treasury ETF (Symbol: SPTI) crossed above their 200 day moving average of $28.76, changing hands as high as $28.91 per share. SPDR Portfolio Intermediate Term Treasury shares are currently trading up about 1.