Nasdaq ETFs

Bridgeway Capital Management has launched the EA Bridgeway Blue Chip ETF (NYSE Arca: BBLU). The actively managed exchange traded fund, which trades on the NYSE Arca, seeks to provide long-term total returns on capital by investing in blue-chip stocks. According to Bridgeway, under normal circumstances, BBLU invests at least 80% of its net assets (plus [...] Read more at ETFtrends.com.

Chinese tech giant Alibaba Group Holding Ltd. has opened a new campus for its cloud computing unit, Alibaba Cloud, in its home city of Hangzhou. Per the South China Morning Post, which Alibaba owns, the 10-building, 2.1 million-square-foot campus is roughly the size of the 2 million-square-foot campus for Google’s Silicon Valley headquarters, aka the [...] Read more at ETFtrends.com.

Infrastructure investing was all the rage last year when Congress was working on what turned out to be a bipartisan package, but it feels as though the combination of that bill becoming law and equity markets turning sour in 2022 has investors glossing over this theme. Market participants may want to reconsider that line of [...] Read more at ETFtrends.com.

The Invesco S&P International Developed Quality ETF is seeing unusually high volume in afternoon trading Monday, with over 197,000 shares traded versus three month average volume of about 29,000. Shares of IDHQ were up about 3% on the day.

Stocks are faltering this year, and fixed income assets aren’t offering investors much protection. Translation: It’s a good time for market participants to consider alternative investments. However, alternatives – as is the case with traditional asset classes – don’t perform in lockstep with each other. For example, rising interest rates are weighing on real estate [...] Read more at ETFtrends.com.

Some exchange traded funds benefit from good timing, while others need time to be adequately appreciated by investors. It remains to be seen in which camp the Invesco NASDAQ Future Gen 200 ETF (QQQS) will dwell, but it’s not a stretch to say QQQS is well-timed because although small-cap stocks are beaten up this year, [...] Read more at ETFtrends.com.

China plays a vital role in the prices of soybeans as one of its largest importers compared to other countries around the globe. The second-largest economy forecasts that soybean imports will eventually decline as it looks to wean itself from dependence on other countries for the commodity. The move could help stabilize soybean prices, but [...] Read more at ETFtrends.com.

In trading on Monday, the ARK Fintech Innovation ETF is outperforming other ETFs, up about 8% on the day. Components of that ETF showing particular strength include shares of Roblox, up about 19.5% and shares of Mercadolibre, up about 11.9% on the day.

Tesla has been giving bearish traders plenty to cheer about as the stock continues to contend with an over 40% decline year-to-date. However, a bullish comeback could be looming as the stock enters oversold territory. Fundamentally, the bears have been benefiting from less than expected delivered from the electric automaker during the third quarter. As [...] Read more at ETFtrends.com.

The advent of the exchange-traded fund (ETF) has allowed for creative investments, leading to a rise in thematic funds and also opened the door for cryptocurrencies. However, one major roadblock has been the Securities Exchange Commission (SEC), which is facing a lawsuit from Grayscale Investments after denying a conversion of its Grayscale Bitcoin Trust (GBTC) [...] Read more at ETFtrends.com.

The roller-coaster ride continued in financial markets, with sharp swings rocking major equity indexes. U.S. stocks started the week with steep declines. The S&P went down to the key 3,500 level, a 50% retracement from the March 2020 Covid low of 2,237 and the January 2022 high of 4,797, before recouping its losses Thursday. It even ended the day with significant gains. Yet inflation was running hotter than expected in September. The consumer price index (CPI) rose 8.2% over the last 12 months. Furthermore, the University of Michigan survey showed that the expected year-ahead inflation rate rose to 5.1% in early October, above the 4.7% reported in September. A climb in inflation expectations is a daunting challenge for the central bank. With no sign of a slowdown in price pressures, a vast majority of traders expect the Fed to lift interest rates by 0.75% for the fourth time in a row next month.

Against this backdrop, there was no follow-through day. The S&P 500 and the tech-heavy Nasdaq composite plunged again on Friday, finishing the week in negative territory. They wiped out the previous week’s gains. 

The S&P 500 dropped 1.55% (-24.82% year-to-date). The Nasdaq sank 3.11% (-34.03% for the year). By contrast, the Dow managed to stay in the green, up 1.15% week-over-week (-18.45% YTD). The CBOE Volatility Index (VIX) closed a bit higher at 32.02, after hitting 34.29 earlier in the week.

Stocks in the eurozone were flat (MSCI EMU up 0.02%, down 22.97% YTD) while the FTSE slid 1.89% (down 7.12% YTD). In Asia, Japan’s Nikkei treaded water (down 0.09% WTD, down 5.91% YTD) while the Shanghai Composite bucked the trend (up 1.57% WTD, down 15.60% YTD).

Consumer Staples in the limelight    

Only three S&P sectors closed above the flatline. Consumer staples led the pack (+1.45% over the week), supported by PepsiCo stocks (“PEP”), up 5.31%, after the food and beverage giant announced better-than-expected Q3 results and good outlook for 2022. Among defensive sectors, healthcare also landed on the podium (up 0.80%). Financials edged up 0.20%. Major U.S. banks kicked off the quarterly earnings season with results above expectations. JPMorgan Chase & Co (“JPM”), Wells Fargo (“WFC”) and Citigroup (“C”) were up 4.92%, 3.30% and 2.47% respectively, as rising yields boosted net interest income.

On the flip side, consumer discretionary took a nosedive (-4.09%) with the freefall of Amazon (“AMZN”, down 6.69%) and Tesla (“TSLA”, down 8.11%).  Information Technology weighed on the broader market too (-3.23%). Sentiment on tech remains under pressure amid fears of more hawkish measures from the Fed. Defensive corners of the market such as the utilities sector also suffer from rising yields. The latter fell again (-2.56%) for the fifth week in a row. Ditto for real estate (-2.36%), the worst performer since mid-September with a cumulative loss of 21.34% over the last five weeks. Communication Services were pushed lower (-1.86%) by Meta platforms (“META”, down 5.01%) and Alphabet (“GOOG”, down 2.40%).

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. Consumer Staples ETF (Symbol: IYK) where we have detected an approximate $91.4 million dollar inflow -- that's a 6.3% increase week ove

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHX ETF (Symbol: SCHX) where we have detected an approximate $190.3 million dollar inflow -- that's a 0.7% increase week over week in outstanding u

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 $107.8 million dollar inflow -- that's a 1.5% increase week over week in outstanding u

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 400 Mid Cap Growth ETF (Symbol: MDYG) where we have detected an approximate $299.5 million dollar inflow -- that's a 22.7% increase wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the DBMF ETF (Symbol: DBMF) where we have detected an approximate $86.4 million dollar inflow -- that's a 9.1% increase week over week in outstanding un

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Blackstone Senior Loan ETF (Symbol: SRLN) where we have detected an approximate $262.8 million dollar outflow -- that's a 3.9% decrease week ov

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $182.2 million dollar outflow -- that's a 1.6% decrease w

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-3 Year Treasury Bond ETF (Symbol: SHY) where we have detected an approximate $145.5 million dollar outflow -- that's a 0.5% decrease week

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, where 10,000,000 units were destroyed, or a 5.5% decrease week over week.