The Federal Reserve has announced a 0.25% interest rate increase in its March meeting, with six more planned at each monthly meeting, aiming for 1.9% by the end of the year, reported CNBC. The Fed has also said that it plans to begin balance sheet reductions in the coming months, looking to shed some of [...] Read more at ETFtrends.com.
Despite the ARK Innovation ETF (NYSEArca: ARKK) dropping in value by more than 54% over the past year, investors are sticking with Ark Invest’s flagship fund – and its stock picker, Cathie Wood. Data from ETF Database show that as of March 15, investors have pumped nearly $1 billion in new capital into ARKK over the past [...] Read more at ETFtrends.com.
The KraneShares CSI China Internet ETF (KWEB) experienced a large price decline in 2021 but record inflows as investors seized the opportunity to gain exposure to China’s technology giants and the growth potential they have at value prices. This year has seen KWEB hit hard once more as investor uncertainty broadly combined with delisting fears [...] Read more at ETFtrends.com.
The S&P 500 hit a “death cross” on Monday, which occurs when the index’s 50-day moving average falls below the 200-day number. This death cross has the index’s 50-day moving average hitting roughly 4,465, below its 200-day moving average of 4,467. And while this could be seen as grim news for equity markets, it could present an [...] Read more at ETFtrends.com.
Growth stocks and related exchange traded funds maintain their lead as the broader market pared gains in response to the Federal Reserve’s official statement that it would hike interest rates for the first time since 2018. The Federal Reserve raised its benchmark interest rates by a quarter-percentage-point as officials look to obviate a potentially overheating [...] Read more at ETFtrends.com.
The Federal Reserve said Wednesday it would raise interest rates, penciling in further rate increases this year to combat inflation, which has continued to swell and has reached four-decade highs. Fed officials decided to raise the benchmark federal-funds rate by a quarter percentage point to a range between 0.25% and 0.5% from near zero. Most [...] Read more at ETFtrends.com.
Hong Kong stocks jumped 9% on Wednesday, signaling their best day since 2008, after China’s top policymaker assured markets of stability and support and helped put a floor under sectors hurt by a regulatory crackdown, Reuters reported. Vice Premier Liu He said Beijing would roll out support for the Chinese economy as well as be [...] Read more at ETFtrends.com.
China country-specific exchange traded funds surged as Beijing pledges to support the financial markets and Chinese regulators set out to communicate with their U.S. counterparts to reach an agreement on audit supervisions. Among the best performing non-leveraged ETFs of Wednesday, the KraneShares CSI China Internet ETF (KWEB) climbed 36.2%, tthe Invesco Golden Dragon China ETF (PGJ) [...] Read more at ETFtrends.com.
In trading on Wednesday, shares of the First Trust Low Duration Opportunities ETF (Symbol: LMBS) entered into oversold territory, changing hands as low as $49.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis in
In trading on Wednesday, shares of the SPDR Portfolio Mortgage Backed Bond ETF (Symbol: SPMB) entered into oversold territory, changing hands as low as $24.01 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indic
In trading on Wednesday, shares of the Vanguard Short-Term Treasury ETF (Symbol: VGSH) entered into oversold territory, changing hands as low as $59.55 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator us
In trading on Wednesday, shares of the iShares MBS ETF (Symbol: MBB) entered into oversold territory, changing hands as low as $102.008 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mo
In trading on Wednesday, shares of the Vanguard Mortgage-Backed Securities ETF (Symbol: VMBS) entered into oversold territory, changing hands as low as $50.13 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indic
Inflation continues to rise, and as advisors work to reposition portfolios for the new market environment, Amplify ETFs offers some insight and suggestions on opportunities in a recent webcast moderated by Lara Crigger, managing editor of ETF Trends and ETF Database. Topics covered include what investments benefit during inflation, two stock characteristics that are currently [...] Read more at ETFtrends.com.
By Rebecca Felton, Senior Market Strategist SUMMARY Some may worry that higher oil prices are signaling a recession, but we do not believe the US will go into a recession in the next 9-12 months. The US economy has been bolstered by lower levels of unemployment, strong corporate profits, a healthy consumer, and robust manufacturing [...] Read more at ETFtrends.com.
Despite ESG investing becoming more mainstream, discussing sustainable investing with clients can be challenging for financial advisors. For one thing, ESG investing is massively complex. It comes with its own jargon and terminology that can be daunting to newcomers. Plus, there’s no consensus within the industry as to what ESG’s core features are. Morningstar recently [...] Read more at ETFtrends.com.
Investors are looking to add gold once again as market uncertainty remains as the Russia-Ukraine conflict continues to weigh heavy on the capital markets. This is pushing gold to all-time highs, based on data from Fitch Solutions Country Risk & Industry Research. “The agency says that, while the gold price is hovering near its all-time-high [...] Read more at ETFtrends.com.
The SPDR Dow Jones Global Real Estate ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.8 million shares traded versus three month average volume of about 121,000. Shares of RWO were up about 0.8% on the day.
The world’s largest wind power energy producer, Iberdrola, has made the Ethisphere Institute’s most ethical companies list for the ninth year in a row, according to a press release from the Iberdrola website. Iberdrola is the only company from Spain to make the list once again and is one of 10 companies that were represented [...] Read more at ETFtrends.com.
In trading on Wednesday, the Invesco China Technology ETF is outperforming other ETFs, up about 20.3% on the day. Components of that ETF showing particular strength include shares of Kingsoft Cloud Holdings, up about 82.1% and shares of Zhihu, up about 66% on the day.