Inflation came in hot yet again in another record, rising to 8.5%, the fastest gain in 40 years, and while stocks initially rallied, they have since fallen as investors now await the Fed’s response in May via interest rate increases. Core inflation hit 6.5%, gaining 0.3% month over month, a decrease from February’s 0.5% gain, [...] Read more at ETFtrends.com.
Steel sector-related exchange traded funds are strengthening as the Russia-Ukraine war contributes to a shortage in pig iron used by U.S. steel companies. Over the past three months, the VanEck Vectors Steel ETF (NYSEArca: SLX), the lone steel sector-specific ETF, increased 22.3%. Pig iron, the main raw metal used in the production of steel, dwindled [...] Read more at ETFtrends.com.
Energy-related exchange traded funds led the advance on Tuesday, with crude oil prices bouncing back above $100, as the Organization of Petroleum Exporting Countries said that it would not be able to replace the hole left by Russian exports and China began to ease COVID-19 restrictions. Among the best-performing non-leveraged ETFs on Tuesday, the SPDR [...] Read more at ETFtrends.com.
Growth stocks and related exchange traded funds rallied on Tuesday after the latest inflation data revealed that consumer prices were largely in line with expectations. Growth stocks rebounded after taking a beating in the previous session in response to a spike in Treasury yields on expectations of an aggressive U.S. Federal Reserve monetary policy outlook [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the ProShares Short S&P500 ETF (Symbol: SH) crossed above their 200 day moving average of $14.52, changing hands as high as $14.56 per share. ProShares Short S&P500 shares are currently trading up about 0.6% on the day. The chart below
In trading on Tuesday, shares of the BBJP ETF (Symbol: BBJP) entered into oversold territory, changing hands as low as $47.455 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
In trading on Tuesday, shares of the NFRA ETF (Symbol: NFRA) crossed below their 200 day moving average of $57.10, changing hands as low as $57.04 per share. NFRA shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of NFRA s
In a period of sky-high inflation, investors are looking for what real assets can offer: the potential for income and diversification. The Bureau of Labor Statistics’ Consumer Price Index (CPI) increased by 8.5% in March compared to one year prior, marking the fastest annual jump since 1981, eclipsing the previous 40-year record high rate of [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the iShares 10+ Year Investment Grade Corporate Bond ETF (Symbol: IGLB) entered into oversold territory, changing hands as low as $57.7501 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical a
The Invesco S&P SmallCap Low Volatility ETF is seeing unusually high volume in afternoon trading Tuesday, with over 4.9 million shares traded versus three month average volume of about 113,000. Shares of XSLV were up about 0.1% on the day.
Investors are bombarded with headlines and tweets on interest rates, the economy, and other key issues, emphasizing the importance of advisors learning how to help clients stay focused on their long-term financial plans. Rather than reacting to every short-term movement and economic indicator, investors can benefit from tuning out the noise of short-term volatility and [...] Read more at ETFtrends.com.
The latest consumer price index report from the U.S. Department of Labor shows that inflation is still at a record high and continuing to climb. Inflation rose 8.5% in March over the last 12 months, the department announced on Tuesday. This is up from the 7.9% annual rate in February and the largest 12-month increase [...] Read more at ETFtrends.com.
The regulatory spotlight is on companies and their environmental, social, and governance claims. It would not be surprising to see this trend reverberate in the bond market, indicating that investors who want to embrace ESG fixed income strategies need to be selective. An idea to consider is the SPDR Bloomberg SASB Corporate Bond ESG Select [...] Read more at ETFtrends.com.
Inflation came in at another record high, this time reaching 8.5% for March in its fastest gain since 1981. The last seven days have seen cryptocurrencies falling as investors braced for the CPI announcement, with bitcoin’s correlation to risk assets remaining high, according to a report from Arcane Research. Bitcoin tends to be highly correlated [...] Read more at ETFtrends.com.
Fintech has long been one of the premier frontiers for disruptive growth investing because traditional banks and financial services firms are among the territories most ripe for disruption. The ARK Fintech Innovation ETF (NYSEARCA: ARKF) is one of the exchange traded funds that capitalizes on that theme, and it’s arguably one of the best positioned [...] Read more at ETFtrends.com.
Advisors’ largest concerns about the markets are rising interest rates and inflation, followed by geopolitical tensions, based on polling data from ETF Trends and ETF Database. ETF Trends and ETF Database asked advisors the same question four weeks ago, and geopolitical risk was the top concern, trailed by rising rates and inflation, Tom Lydon, CEO [...] Read more at ETFtrends.com.
Value stocks and exchange traded funds are proving durable against the backdrop of broader market weakness this year, but some investors may be searching for value enhancements. Enter the Invesco S&P 500 Enhanced Value ETF (SPVU). SPVU tracks the S&P 500 Enhanced Value Index. That benchmark “tracks the performance of stocks in the S&P 500® [...] 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 Invesco Preferred ETF, where 10,650,000 units were destroyed, or a 2.2% decrease week over week.