U.S. Treasury yields rose after strong jobs data was reported on Thursday. Per CNBC, the yield on the benchmark 10-year Treasury gained 1 basis point to 3.718%, while the 2-year Treasury yield was trading 7.3 basis points higher to about 4.46% around the same time. This rise in yields came after ADP reported that private [...]
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Foreign investors are pouring back into China after having been underweight for much of the last year and a half. Over $1.85 billion flowed into Mainland stocks via the Northbound Stock Connect, and in Hong Kong, the internet giants performed strongest. It was a strong trading day for Chinese stocks with Hong Kong’s Hang Seng [...]
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VettaFi’s vice chairman Tom Lydon discussed the WisdomTree Europe Hedged Equity Fund (HEDJ) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” Given current market conditions, hedging currency risk and doing what you can is more important than ever. “The word for 2023 needs to be diversification,” Lydon said, noting that [...]
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The S&P 500 Equal Weight Index outperformed its cap-weighted parent in the last month of 2022. The S&P 500 EWI declined -4.7% in December, outperforming the S&P 500 on a relative basis, which declined -5.8% during the month. The month of negative performance put an end to equal weight and the S&P 500’s short-lived rally, during [...]
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Back-to-back job market reports yesterday and today are likely to keep the gas pedal on Fed interest rate hikes in the first quarter of 2023. Given the market volatility around FOMC meetings as well as in response to Fed rate hikes in 2022, the trend is likely to remain for now, leaving many managed futures [...]
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The Invesco PureBeta MSCI USA ETF is seeing unusually high volume in afternoon trading Thursday, with over 93,000 shares traded versus three month average volume of about 28,000. Shares of PBUS were down about 1% on the day.
In trading on Thursday, the iShares Latin America 40 ETF is outperforming other ETFs, up about 2.5% on the day. Components of that ETF showing particular strength include shares of Petroleo Brasileiro, up about 4.4% and shares of Itau Unibanco Banco Holding, up about 4.2% on t
By Art Huprich, CMT® Chief Market Technician Day Hagan Asset Management Summary Equity market volatility occurred in both directions in 2022. Given a plethora of well-known—and likely unknown—macro factors plus the influence computerized trading/CTA positioning have on near-term directional movements, I believe similar equity market volatility will continue in 2023. To start 2023, a multi-month [...]
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Exchange is coming February 5–8, so Evan Harp is talking with some of the advisors who will be there. Today’s edition is focused on Douglas Walters of Strategic Financial Services. Evan Harp: When and how did your practice begin? Douglas Walters: Strategic Financial Services predates me by quite a few years. Our roots go back over [...]
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Our Cash Indicator methodology acts as a plan in case of an emergency. This is analogous to the multiple safety systems in a modern automobile, which includes an airbag. Importantly, each of these systems work together to potentially help smooth the ride. We manage risk within our strategic, long-term allocations based on diversification across equity, [...]
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By Art Huprich, CMT® Chief Market Technician Day Hagan Asset Management Summary 2022: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, [...]
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Element Funds, a new investment firm providing access to the critical metal inputs at the core of the renewable economy, launched its inaugural exchange traded fund, the Element EV, Solar & Battery Materials (Lithium, Nickel, Copper, Cobalt) Futures Strategy ETF (NYSE Arca: CHRG). The ETF will provide actively managed exposure to the core commodities essential [...]
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In trading on Thursday, shares of the FNDC ETF (Symbol: FNDC) crossed below their 200 day moving average of $31.27, changing hands as low as $31.16 per share. FNDC shares are currently trading down about 1.3% on the day. The chart below shows the one year performance of FNDC
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. Home Construction ETF (Symbol: ITB) where we have detected an approximate $72.2 million dollar outflow -- that's a 4.9% decrease week o
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 $341.4 million dollar inflow -- that's a 0.6% 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 Core High Dividend ETF (Symbol: HDV) where we have detected an approximate $511.7 million dollar inflow -- that's a 4.0% 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 SCHP ETF (Symbol: SCHP) where we have detected an approximate $98.7 million dollar outflow -- that's a 0.7% decrease week over week (from 266,200,00
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold Shares (Symbol: GLD) where we have detected an approximate $276.2 million dollar inflow -- that's a 0.5% increase week over week in outsta
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Health Care Select Sector SPDR Fund (Symbol: XLV) where we have detected an approximate $129.0 million dollar outflow -- that's a 0.3% decrease
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the COWZ ETF (Symbol: COWZ) where we have detected an approximate $164.0 million dollar inflow -- that's a 1.6% increase week over week in outstanding u