Nasdaq ETFs

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MBS ETF (Symbol: MBB) where we have detected an approximate $1.3 billion dollar inflow -- that's a 5.2% increase week over week in outstandi

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ High Yield Corporate Bond ETF (Symbol: HYG) where we have detected an approximate $1.2 billion dollar inflow -- that's a 6.7% increa

US stocks closed out a second positive week in a row after the CPI fell by a seasonally adjusted 0.1% between November and December. Yet prices were still 6.5% higher than the prior year even if energy prices plunged 4.5% month over month.  Hopes of a less hawkish monetary policy stance by the Federal Reserve pushed the major indexes higher. The tech-heavy Nasdaq and the benchmark S&P 500 notched their best week since mid-November, with gains of 4.82% and 2.67% respectively. Same trend in Europe with the MSCI EMU up 2.89% and the FTSE 100 up 1.88%, though growth in many European economies is slowing. In Asia, the Shanghai Composite gained 1.19%, helped by increased optimism over an economic recovery in China. Japan’s Nikkei snapped its four-week losing streak edging up 0.56%.  Growth stocks spearhead gains in positive start to 2023    In the wake of last week’s rally, growth stocks shined again on bets of a slower pace of interest rate hikes by the Fed. Among the 11 principal sectors of the S&P 500, it is striking to see the massive performance divergence between consumer discretionary and consumer staples. The later, a defensive sector in an economic downturn, lost 1.46% week-over-week while consumer discretionary stocks rose 5.76%, boosted by Amazon (AMZN) and Tesla (TSLA). Amazon stocks climbed with a near 14% gain after Jefferies said they saw cost pressures easing for the e-commerce giant in H2 2023. Tesla stocks gained 8.26% as the EV maker disclosed longer waiting times for some models in China, signalling the recent price cuts could stoke demand. Big tech was also pushed to the top of the major S&P 500 sector list (information technology up 4.60%) as U.S. Treasury yields declined. Microsoft stocks (MSFT) was trading significantly higher (+6.36% for the week). Communication services were not far behind (+4.07%), helped by Meta Platforms (META) and Alphabet-Google (GOOG) up 5.35% and 5.26% respectively. Bond markets rally on signs of cooling inflation      The bond rally showed no sign of waning in the second week of 2023. Indeed, the yield on the benchmark 10-Year U.S. Treasury Note fell 6 basis points from 3.56% to 3.50%. The yield curve is deeply inverted with the spread between the 2-year and 10-year yields at -73 basis points. Investors who trade in the Fed funds futures market now expect the central bank to stop hiking with a terminal rate slightly below 5% (4.90% in June). The Fed’s balance sheet has shrunk by $43bn since the beginning of the year. In Europe, the yield on the German 10-year Bund slid 4 basis points to 2.17%. The French 10-year OAT yield was down 10 basis points from 2.72% to 2.62% while the UK 10-year Gilt lost 11 basis points from 3.48% to 3.37%. Prices on corporate bonds continued to rise as anticipated last week. Investment grade corporate bond prices were up +0.62% in Europe (IBOXX € Liquid Corporates index) and up +1.80% in the U.S. (IBOXX Ishares $ Investment Grade Corporate Bond Index). High-yield bonds gained +1.38% in Europe (IBOXX € Liquid High Yield Index) and +1.37% in the U.S. (Markit iBoxx USD Liquid High Yield Capped Index). Lastly, emerging debt in local currencies jumped 3.22%, benefitting from a weak dollar, while gold closed at its highest levels since April at $1,922/Oz.

By Aneeka Gupta Director, Macroeconomic Research 2023 is off to a cautious start, heralded by the International Monetary Fund (IMF). It has warned that the upcoming recession will likely leave the global economy fundamentally damaged—with a recession in the U.S., a deeper slowdown in Europe and a drawn-out recession in the United Kingdom. This is quite possible; however, [...] Read more at ETFtrends.com.

Investors who use a 60/40 portfolio had a rough year. In the past, putting 60% in stocks and 40% in bonds has often helped investors hedge against losses in either asset class. But 2022 had other ideas. Below is a scatter plot of returns for the S&P 500 (the x-axis) and the Bloomberg U.S. Aggregate [...] Read more at ETFtrends.com.

By Kevin Flanagan Head of Fixed Income Strategy Follow Kevin Flanagan @KevinFlanaganWT It’s the beginning of a new year, and if there is anything perhaps different about 2023, it’s that most economic/macro outlooks seem to be all on the same page. In fact, I have found it difficult to find much in the way of [...] Read more at ETFtrends.com.

Editor’s note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods. If you don’t have the resources, time or inclination to constantly monitor and [...] Read more at ETFtrends.com.

At the beginning of each year, we update our ever-popular Periodic Table of Commodity Returns, which is fully interactive and includes 10 years’ worth of data. A pdf of the table is also available for download. Long-time fans will notice a new inclusion to this year’s table: lithium. The soft, silvery metal, an increasingly important and sought-after [...] Read more at ETFtrends.com.

The key themes driving fixed income markets during 2022 were global inflation, aggressive Fed policy, and a growing prospect of recession. Employment and wage growth remained robust, but housing and demand weakened as the year progressed and the Fed’s policy actions began to take a bite out of the U.S. economy. The ten charts below [...] Read more at ETFtrends.com.

We’ve been in go-mode at VettaFi, gearing up for Exchange and all the great content and experiences we’re putting together, both on stage and off. With education on our brains, today the VettaFi Voices gathered around the watercooler and shared some of their favorite recently published pieces of finance writing. Todd Rosenbluth, head of research [...] Read more at ETFtrends.com.

To learn more about Main Management and how some of our strategies could help you with your investment needs, please contact Darol Ryan, our Head of Sales and National Accounts, at ryan@mainmgt.com. Also check out Main Management CEO Kim Arthur on Twitter and Main Management on LinkedIn. Read more at ETFtrends.com.

In trading on Friday, shares of the BBCA ETF (Symbol: BBCA) crossed above their 200 day moving average of $60.58, changing hands as high as $60.77 per share. BBCA shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of BBCA sha

In trading on Friday, shares of the SPDR ICE Preferred Securities ETF (Symbol: PSK) crossed above their 200 day moving average of $35.45, changing hands as high as $35.50 per share. SPDR ICE Preferred Securities shares are currently trading up about 0.4% on the day. The chart

In trading on Friday, shares of the iShares MSCI Canada ETF (Symbol: EWC) crossed above their 200 day moving average of $34.75, changing hands as high as $34.84 per share. iShares MSCI Canada shares are currently trading up about 0.3% on the day. The chart below shows the one

European stocks continued to rally, finishing higher on Friday after reaching their highest level since April 2022 on Thursday. Markets in Europe were boosted by cooling global inflation, falling energy prices, and stronger-than-expected U.K. GDP growth in November. “The macroeconomic picture in Europe has improved in recent weeks, giving advisors greater confidence that the risk [...] Read more at ETFtrends.com.

Earnings season is about to get started in earnest, and a lot of eyes will be watching – from the impact of the Fed’s rate hikes to the potential for a recession, there are some big questions hanging over earnings. Investors will be looking to the earnings themselves, though, which may merit taking a look [...] Read more at ETFtrends.com.

Europe’s carbon markets took heavy hits last year from geopolitical instability and strife, driving prolonged volatility and ending with the passage of key regulations in the EU that will have lasting impacts on the EU carbon market. There is a strong investment opportunity in European carbon markets. Though allowance prices currently remain slack from a [...] Read more at ETFtrends.com.

Bank earnings kicked off on Friday, offering a preview of what this year will bring for markets. JPMorgan Chase (JPM) and Bank of America (BAC) were among the first to report earnings for the fourth quarter of 2022, both beating analysts’ expectations. Wells Fargo (WFM) beat estimates, and CitiGroup’s (C) earnings largely met analysts’ expectations. [...] Read more at ETFtrends.com.

Greenhouse gas emissions rose slightly in the U.S. in 2022, going up by 1.3% from the year prior, according to a report from Rhodium Group. While the data is only preliminary, this uptick in emissions shows that the U.S. remains behind its target of reducing GHG emissions from 50% to 52% below 2005 levels by [...] Read more at ETFtrends.com.

2022 was a rough year for fixed income, to say the least. But considering how far the market has come, fixed income investors concerned about growth may want to start adding duration back to their portfolios. A white paper issued by T. Rowe Price argues that fixed income markets offer opportunities that can potentially help [...] Read more at ETFtrends.com.