U.S. Treasury yields rose yet again on Thursday after the Federal Reserve announced its largest rate hike since 1994. Following the Fed raising interest rates by 0.75%, the yield on the 10-year Treasury note went up 5.7 basis points to 3.439%. Prior to the Fed’s announcement, bonds dropped sharply on Friday and again on Monday and Tuesday, pushing Treasury [...] Read more at ETFtrends.com.
The recent sell-off in Bitcoin, which took it below $21,000 at one point, is certainly spooking the majority of investors — particularly those who are new to digital assets. Some industry players, however, are undeterred by the recent plunge across the board in cryptocurrency prices. Binance cofounder and chief marketing officer Yi He remains unshaken [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the iShares MSCI South Korea ETF (Symbol: EWY) entered into oversold territory, changing hands as low as $58.92 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to
In trading on Thursday, shares of the First Trust Morningstar Dividend Leaders Index Fund ETF (Symbol: FDL) entered into oversold territory, changing hands as low as $34.69 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical
In trading on Thursday, shares of the Vanguard Consumer Staples ETF (Symbol: VDC) entered into oversold territory, changing hands as low as $175.69 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used t
In trading on Thursday, shares of the iShares U.S. Basic Materials ETF (Symbol: IYM) entered into oversold territory, changing hands as low as $121.51 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator use
With both stocks and bonds tumbling in lockstep, investors are turning to alternative investments for non-correlated sources of return. Managed futures can provide diversification and reduce volatility when included within a traditional equity and fixed income portfolio mix. In the upcoming webcast, Can a Managed Futures Strategy Come to the Rescue as Stocks and Bonds [...] Read more at ETFtrends.com.
The California Air Resources Board has finally released its draft of the 2022 Scoping Plan Update that will see net-zero carbon emissions reached by 2045, plans that have been in the works for a year, reported Reuters. The plans are expected to be finalized by the end of 2022 and include an analysis of greenhouse [...] Read more at ETFtrends.com.
The Federal Reserve announced a 0.75% interest rate increase for June, with another possible in July, as it backs aggressive talk with action. Markets closed higher, with the Nasdaq up 2.50%, the S&P 500 up 1.46%, and the Dow Jones Industrial Average up 1.00%, according to the Wall Street Journal. Today’s interest rate hike brings [...] Read more at ETFtrends.com.
Earlier this month, Exxon’s (XOM) share price closed above $100 for the first time since 2014. That was also the same year that oil prices last saw $100 per barrel prior to the rally in recent months. Today, oil prices are well above their high watermark from June 2014, but the same is not true [...] Read more at ETFtrends.com.
Investors can turn to powerful inflation-fighting exchange traded fund strategies to better adapt to the new normal. In the recent webcast, Postcards from the Hedge: To Battle Inflation, Try These Unique Strategies, Kevin Simpson, founder and CIO of Capital Wealth Planning, LLC, warned that investors in need of current income are hard-pressed to find viable [...] Read more at ETFtrends.com.
Precious metals and ETFs, which have been struggling recently despite climbing inflation, surged higher after the Federal Reserve meeting. Investors who were anxiously awaiting a decision from the Federal Reserve as to how much to raise interest rates seemed optimistic about the 75 basis point rate hike, which the Fed believes is likely to help [...] Read more at ETFtrends.com.
The Federal Reserve has raised interest rates by 75 basis points on Wednesday as part of its plan to battle record-high inflation. This marks the largest rate hike the U.S. central bank has implemented since 1994. The Federal Open Market Committee decided to raise the range for the federal funds rate between 1.5% and 1.75% to [...] Read more at ETFtrends.com.
Stocks and index ETFs are sideways on Wednesday, off their recent lows, as investors anxiously await the Federal Reserve meeting for indications of how the next year may progress. While the markets have been in a steep selloff since the beginning of the month, investors are hoping for a reprieve from the damage. As investors [...] Read more at ETFtrends.com.
With rising rates and inflation causing so much uncertainty, advisors planning portfolios, particularly the fixed income portions, “really need to come up with some additional non-traditional ways of gaining that income,” according to Steve Deroian, U.S. co-head of retail product at John Hancock. “We don’t know where the market’s going to go, and we don’t [...] Read more at ETFtrends.com.
I recently had the good fortune to sit down with Corey Hoffstein, co-founder and CIO of Newfound Research, to discuss return stacking and return stacking models, a more unique approach to investing in stocks, bonds, and alternatives that can provide more traditional beta-like returns while also generating alpha from managed futures or other alternatives. Hoffstein [...] Read more at ETFtrends.com.
Laura Morrison has been appointed to the newly created position of chief revenue officer at Direxion. In her new role, Morrison will be based out of Direxion’s New York office and oversee the ETF issuer’s sales, marketing, and product teams. Morrison was recently senior vice president and global head of listings at Cboe, where she [...] Read more at ETFtrends.com.
U.S. stocks rose while government bonds stabilized in early trading on Wednesday as Wall Street awaited the Federal Reserve’s announcement on interest rate hikes. Investors and analysts expect the U.S. central bank to announce a 75-basis-point rate hike on Wednesday at 2 PM Eastern time, which would be the largest since 1994. “Economists expect the [...] Read more at ETFtrends.com.
The highly anticipated Federal Reserve meeting happens today in which the Fed will be announcing the interest rate increase for June. The central bank had previously indicated a 0.50% increase as likely for June and July, but May’s CPI report of historically high inflation has cast doubts in the minds of analysts, advisors, and investors. [...] Read more at ETFtrends.com.
The Invesco S&P 500— Equal Weight Consumer Discretionary ETF is seeing unusually high volume in afternoon trading Wednesday, with over 280,000 shares traded versus three month average volume of about 42,000. Shares of RCD were up about 1.8% on the day.