Nasdaq ETFs

After a decade in which deflationary forces prevailed, the use case for commodities from a portfolio context was limited. Many investors either chose not to allocate to commodities or allocated only small sleeves to the asset class. For those who had been investing in commodities over the past 10 years, 2022 was a good time [...] Read more at ETFtrends.com.

The housing market appears to be rebounding, as signed contracts to buy existing homes in the U.S. rose for the second consecutive month in January. The National Association of Realtors’ index of pending home sales improved 8.1% to 82.5% in January. This marks the largest monthly increase since June 2020 and a higher increase than [...] Read more at ETFtrends.com.

A deluge of data showing a resilient economy and persistent inflation cemented the case for higher interest rates and helped to stoke bearish sentiment among traders. Minutes of the Fed's last meeting released on Wednesday indicated that its members continue to support more rate hikes. It is highly likely that the Fed funds rate  will reach the 5.25%-5.50% range this year. Fed fund futures traded at 94.60. The U.S. central bank is expected to hike rates at upcoming meetings in March, May, and June. The yield on the U.S. benchmark 10-year Treasury notes hit a fresh three-month high at 3.95%, up 13 basis points week-over-week.  Investors shifted out of risky assets, flocking to T-bills and money market funds. Several  billion were added to short-duration Treasury ETFs. The S&P 500 closed below its 50-day moving average of 3,980 points, sitting at 3,970.04 on Friday (down 109.05 points, or -2.67% for the week, up +3.40% for the year). It’s only 30 points above the 200-day mark of 3,940 points. The Dow Jones Industrial Average was down 1,009.77 points, or -2.99%, at 32,816.92, slipping into negative territory on the year (-1.00%). The Nasdaq Composite dropped 3.33% to 11,394.94, bringing its year-to-date performance to +8.87%. European stock markets also closed lower, as investors digested German inflation data. It stood at +8.7% in January, measured as the year-on-year change in the consumer price index (CPI). It eased to 8.6% in December. At the same time, sentiment improved among German business leaders. The IFO Business Climate Index rose to 91.1 points in February, up from 90.1 points in January. The DAX 30 traded 1.76% lower (up +9.24% year-to-date). The CAC 40 shed 2.18% (up +11.02% YTD). The MSCI EMU fell 2.30% (up 9.93% YTD). In Asia, China’s central bank left its interest rates unchanged. The Shanghai Composite gained 1.34% over the week (+5.76% for the year), offsetting the losses suffered over the last three weeks. Investors continue to see a sustained economic recovery this year in the wake of reopening and policy stimulus. In Japan, the Nikkei 225 index edged down 0.22% (up 5.21% YTD). Resilience of energy stocks  Ten of the 11 S&P sectors ended the week in the red, with communication services and consumer discretionary among the biggest decliners. Communication services fell 4.37%, weighed by Netflix (NFLX, -8.85%) and Alphabet (GOOG, -5.54%). Consumer discretionary plunged 4.44%, dragged lower by losses in Tesla (TSLA, -5.49%). This is its worst weekly performance since a similar skid in mid-December. Rising yields also pressured the IT sector (-2.71%) despite the Nvidia-led surge in chip stocks. Nvidia Corp (NVDA) delivered upbeat guidance following quarterly results, sending its shares 8.87% higher. Energy was the only sector that managed to stay above the flatline (+ 0.17%). WTI crude oil futures remained unchanged week-over-week (-0.03%). By contrast, natural gas futures prices rebounded (up 14%, but down 74% compared with the level observed at the end of August).  U.S. Treasury yields rise for the fifth straight week Expectations for further rate hikes pushed Treasury yields higher. They now reach levels not seen in three months. The 10-year benchmark rate hit its highest level since Nov. 9 (3.95%). The 2-year yield, meanwhile, rose to 4.78%. Yield curve inversion (-83 basis points) is deepening, leading to heightened concerns about a possible U.S. recession. Furthermore, the Fed decreased its balance sheet by $51 billion over the last three weeks, and almost $170 billion since the beginning of the year. The unwinding of its balance sheet drains liquidity, which also drives yields higher.  In Europe, the yield on the German 10-year Bund gained 10 basis points to 2.54% from 2.44%. The French OAT yield moved up in unison (+10 basis points at 3.01%).  The corporate bond market retreated as investors' risk appetite was waning. Investment grade corporate bond prices were down 0.62% in Europe (IBOXX € Liquid Corporates index up 0.75% year-to-date) and down 1.18% in the U.S. (IBOXX Ishares $ Investment Grade Corporate Bond Index up 0.43% YTD).  High-yield bonds slid 0.41% in Europe (IBOXX € Liquid High Yield Index up +2.97% YTD) while they edged down 0.11% in the U.S. (Markit iBoxx USD Liquid High Yield Capped Index up +1.48% YTD). Emerging debt dropped 0.47% (+1.11% YTD), weighed again by a strong greenback. The dollar index topped 105.25 (+1.35% over the week). 

Markets continue to try to make sense of January’s economic data and how it aligns with expectations for the Fed rate hiking regime, with the major indexes logging their worst week all year last Friday. Advisors looking for higher income opportunities within their core allocations in a challenging environment should consider the NEOS ETF suite [...] Read more at ETFtrends.com.

The Invesco Dynamic Oil & Gas Services ETF is seeing unusually high volume in afternoon trading Monday, with over 1.1 million shares traded versus three month average volume of about 370,000. Shares of PXJ were up about 1.6% on the day.

In trading on Monday, the First Trust NASDAQ Clean Edge Green Energy Index Fund ETF is outperforming other ETFs, up about 2.8% on the day. Components of that ETF showing particular strength include shares of Vicor, up about 8% and shares of MP Materials, up about 7.9% on the d

Results from Delta Airlines (NYSE: DAL) to Booking.com (NASDAQ: BKNG) have put the bid back into travel and leisure stocks. Recently launched travel and leisure ETFs like Defiance Hotel, Airline and Cruise ETF (NYSEARCA: CRUZ) and ALPs Fund Services Global Travel Beneficiaries E

3EDGE’s Chief Investment Strategist, Fritz Folts, and Deputy CIO, Eric Biegeleisen, share their latest View From the EDGE report. They review our outlook for the global capital markets and various asset classes and how that might guide our investment decisions. A printable summary is available on our website, or you can subscribe to our podcast [...] Read more at ETFtrends.com.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Small-Cap 600 Value ETF (Symbol: IJS) where we have detected an approximate $125.3 million dollar inflow -- that's a 1.6% increase w

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio Intermediate Term Corporate Bond ETF (Symbol: SPIB) where we have detected an approximate $127.6 million dollar inflow -- that's a 2.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Aerospace & Defense ETF (Symbol: ITA) where we have detected an approximate $109.7 million dollar inflow -- that's a 2.0% increase

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) where we have detected an approximate $166.1 million dollar inflow -- that's a 0.8% increase week ov

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraShort S&P500 (Symbol: SDS) where we have detected an approximate $94.7 million dollar inflow -- that's a 8.7% increase week over

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Value ETF (Symbol: IJJ) where we have detected an approximate $136.2 million dollar inflow -- that's a 1.7% increase wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares National Muni Bond ETF (Symbol: MUB) where we have detected an approximate $136.8 million dollar inflow -- that's a 0.4% increase week over

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) where we have detected an approximate $371.7 million dollar inflow -- that's a 1.6% increase week

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the LCTU ETF (Symbol: LCTU) where we have detected an approximate $92.5 million dollar outflow -- that's a 6.5% decrease week over week (from 32,475,000

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $616.8 million dollar outflow -- that's a 1.0% decrease week ove

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $197.1 million dollar outflow -- that's a 2.0% decrease week ove

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 0-5 Year TIPS Bond ETF (Symbol: STIP) where we have detected an approximate $111.7 million dollar outflow -- that's a 0.9% decrease week ove