There’s a lot of noise in markets this year, as inflation remains persistently high, the Federal Reserve hikes interest rates, and volatility continues, with markets seemingly driven by each new economic indicator. Keeping a focus on the five relevant economic and market signals will help investors best maintain perspective according to Scott Welch, CIMA, CIO [...] Read more at ETFtrends.com.
The Senate on Sunday approved a sweeping package to combat climate change, lower health care costs, raise taxes on some billion-dollar corporations, and reduce the federal deficit, The Washington Post reported. Dubbed the Inflation Reduction Act of 2022, the package would authorize the biggest burst of spending in U.S. history to tackle global warming — [...] Read more at ETFtrends.com.
The global economy is still recovering from and dealing with supply chain disruptions, something that has driven China to redouble its efforts towards self-reliance when it comes to energy and semiconductor chips, the powerhouses behind much of today’s innovations. Cleantech has been on the rise in China and given the regulatory support and environmental goals [...] Read more at ETFtrends.com.
With climate experts offering dire forecasts about the world’s future and many fund managers offering investment products adhering to environmental, social, and governance principles to combat the effects of climate change, one nascent fund manager has had enough and is pushing back. Strive Asset Management, which was launched this year with the goal of pushing [...] Read more at ETFtrends.com.
Direxion launched the first four of single stock leveraged and inverse ETFs. The funds, which trade on the Nasdaq, allow sophisticated traders to obtain magnified or inverse exposure to the daily performance of the common stocks of Apple and Tesla. They are the Direxion Daily AAPL Bull 1.5X (AAPU), the Direxion Daily AAPL Bear 1X [...] Read more at ETFtrends.com.
Direxion, a provider of tradeable and thematic ETFs, launched the first four of its single stock leveraged and inverse ETFs. The funds, which trade on the Nasdaq, allow sophisticated traders to obtain magnified or inverse exposure to the daily performance of the common stocks of Apple and Tesla. “Our new single stock leveraged and inverse [...] Read more at ETFtrends.com.
Consensus capital spending forecasts suggest that Tesla could continue to take electric vehicle (EC) market share. Commenting on competition in the EV space, media pundits tend to frame new EV capital spending (capex) announcements as threats to Tesla. Some point to the $35 billion and $50 billion that GM and Ford, respectively, have committed to [...] Read more at ETFtrends.com.
After U.S. equities posted their worst first-half performance since 1970, they pulled off a stellar comeback in July. During the month, three funds in FlexShares’ lineup of ETFs saw notable inflows as investors looked for income in the current environment and protection against intermediate- and long-term inflation. The FlexShares STOXX Global Broad Infrastructure Index Fund [...] Read more at ETFtrends.com.
On this week’s ETF Prime, host Nate Geraci sat down with VettaFi’s Tom Lydon to cover several topics including ETF flows, ARK Invest, and Schwab’s new crypto ETF. Geraci also spoke to DoubleLine’s Jeff Sherman regarding the firm’s recent ETF entrance and the current fixed income market, and to Dimensional’s Anthony Caruso to go over the [...] Read more at ETFtrends.com.
Today marks the launch of the U.S. Benchmark Series of ETFs from F/m Investments, a set of ETFs that each hold a single tenor of U.S. Treasury securities. UTWO, for example, will only ever own the current “on-the-run” two-year Treasury, UTEN does the same for the 10-year, and TBIL does it for the three-month. Wait, [...] Read more at ETFtrends.com.
Last week, Canterbury’s update focused on “what we know about the markets right now.” In all market environments, whether they be bull or bear, it is important to avoid getting “locked in” to a particular position. You hear many analysts discuss whether they are bullish or bearish and whether the market is right or wrong [...] Read more at ETFtrends.com.
The SPDR SSGA Fixed Income Sector Rotation ETF is seeing unusually high volume in afternoon trading Tuesday, with over 513,000 shares traded versus three month average volume of about 42,000. Shares of FISR were down about 0.2% on the day.
It’s time for our annual August report, “Charts for the Beach.” Each year we highlight five of our favorite charts we think consensus is currently overlooking. Load up the cooler, get your towel and chair, and enjoy the charts! And, watch out for those sharks!! The “mathematical” recession We’ve often suggested investors ignore politics. Politics [...] Read more at ETFtrends.com.
Nvidia Corp.’s share price dropped after the Santa Clara, CA.-based chip maker warned that its second-quarter sales would be far lower than its previous forecast. Nvidia expects revenue of $6.7 billion for the quarter ended July 31, 17% below Wall Street expectations of $8.12 billion. Nvidia shares dropped 6.3% to $177.93. The stock has declined [...] Read more at ETFtrends.com.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the DIREXION DAILY STANDARD AND POORS BIOTECH BULL 3X SHARES, where 12,350,000 units were destroyed, or a 10.2% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Broad USD High Yield Corporate Bond ETF, which added 30,850,000 units, or a 14.5% increase week over week.
Investor activity in the U.S. high yield fixed income market is suggesting that while the economy may weaken, it won’t dip into a recession. High-yield bonds gained 5.9% in July, their biggest one-month rally in a decade, according to Bloomberg, and they’ve also been rising in August. This rally comes as the Federal Reserve is looking [...] 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 MSCI United Kingdom ETF (Symbol: EWU) where we have detected an approximate $175.2 million dollar outflow -- that's a 4.7% 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 Core 1-5 Year USD Bond ETF (Symbol: ISTB) where we have detected an approximate $76.1 million dollar outflow -- that's a 1.3% decrease week