In trading on Monday, shares of the ARK Genomic Revolution ETF (Symbol: ARKG) entered into oversold territory, changing hands as low as $65.32 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to mea
In trading on Monday, shares of the SPDR— Bloomberg Convertible Securities ETF (Symbol: CWB) crossed below their 200 day moving average of $86.00, changing hands as low as $85.81 per share. SPDR— Bloomberg Convertible Securities shares are currently trading off abo
In trading on Monday, shares of the ProShares ProShares Ultra Gold ETF (Symbol: UGL) crossed below their 200 day moving average of $58.72, changing hands as low as $58.37 per share. ProShares ProShares Ultra Gold shares are currently trading down about 4.8% on the day. The ch
In trading on Monday, shares of the Russia ETF (Symbol: RSX) crossed below their 200 day moving average of $28.47, changing hands as low as $28.26 per share. Russia shares are currently trading off about 5% on the day. The chart below shows the one year performance of RSX sha
Bank stocks and ETFs are responding positively to the renomination of Chairman Jerome Powell, who helmed the Federal Reserve and the nation’s economy through the dramatic and abrupt coronavirus-induced recession by utilizing unprecedented monetary stimulus. President Biden announced Powell’s renomination on Monday morning, after protracted concerns investors might see Fed Governor Lael Brainard replace Powell [...] Read more at ETFtrends.com.
The holidays are approaching, and medical experts are concerned about potential flares-ups. With that in mind, there is the question of how investors can make sense of it all. CNBC’s Leslie Picker hosts CNBC’s “ETF Edge” this week. She spoke with ETF Trends’ CEO, Tom Lydon, David Botset, Head of Equity Product and Strategy with [...] Read more at ETFtrends.com.
Energy exchange traded funds climbed Monday, recouping some of their recent losses, after the Organization of Petroleum Exporting Countries and its allies, or OPEC+, planed to readjust its oil production if countries began to release crude oil reserves or if the resurgence in Covid-19 cases weighs on demand. On Monday, the ALPS Alerian MLP ETF [...] Read more at ETFtrends.com.
Financial sector exchange traded funds rallied Monday as bankers, and industry leaders welcomed President Joe Biden’s nomination of Federal Reserve Chair Jerome Powell for a second four-year term. On Monday, the Financial Select Sector SPDR (NYSEArca: XLF) increased 2.0%, Fidelity MSCI Financials Index ETF (NYSEArca: FNCL) advanced 1.9%, iShares U.S. Financials ETF (NYSEArca: IYF) gained 2.0%, [...] Read more at ETFtrends.com.
It’s been a year of strong performance for stock markets; the S&P 500 is up 27% this year, meaning that portfolios might have a heavier tilt to equities than their strategy calls for. According to the Wall Street Journal, here are some ways to potentially alleviate tax difficulties if you find yourself in a crunch [...] Read more at ETFtrends.com.
A Reuters analysis of 3,394 global companies with market capitalization north of $1 billion saw that shareholder payouts are estimated to top $1.37 trillion in 2021. European payouts are estimated at $252.4 billion, a 25% rise. US Dividends, meanwhile, were up 8.6%, to $562.3 billion. This growth in dividends is explosive compared to last year, [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds strengthened Monday with investors relieved to expect continuity of the monetary policy outlook after President Joe Biden nominated Jerome Powell for a second term as chairman of the Federal Reserve. The Invesco S&P 500 Equal Weight ETF (RSP), which follows the S&P 500 Equal Weight Index (EWI), rose [...] Read more at ETFtrends.com.
A global redistribution in cryptocurrency mining machines is going on following China’s banning of mining activities back in May. The majority of the machines, a total of just over 2 million, have been sent to Russia, Kazakhstan, the United States, and Canada. Despite the ban, cryptocurrencies have had a banner year despite recent weakness. “China’s [...] Read more at ETFtrends.com.
While environmental, social and governance (ESG) investing is still a relatively new concept, retirees can still benefit from ESG exposure by investing in the issues they care about while still allowing their money to work for them. “Older people may feel a greater urgency because it’s their legacy,” says Fran Teplitz, executive co-director of business, [...] Read more at ETFtrends.com.
By Matthew Sigel, Head of Digital Assets Research — Van Eck Associates Corporation “One day, he struck on an opportunity to buy some fuel oil. The situation was a microcosm of the inefficiencies of the Soviet system. An oil refinery in Ukraine was producing fuel oil to supply several power stations. When a mild winter came, [...] Read more at ETFtrends.com.
By Kevin Flanagan, Head of Fixed Income Strategy Follow Kevin Flanagan @KevinFlanaganWT Without a doubt, inflation has become perhaps one of the most talked-about topics in the media. A few months ago, elevated price pressures seemed to be more of a market-related subject, but arguably, one could now say that inflation has gone mainstream. It seems as if with each [...] Read more at ETFtrends.com.
By Angus Shillington, Deputy Portfolio Manager & Oksana Miller, Product Manager Over the last several years, India has undertaken tremendous strides to address environmental, social, and governance (ESG) factors. Looking closer at these advancements, there is perhaps no more impactful or timely focus than India’s continuing collective effort on sustainability, driven by policy objectives and manifested in the [...] Read more at ETFtrends.com.
By Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy Turkey’s decision to proceed with rate cuts despite high inflation and the weakening currency was not well received by the market. Does this make other EMs “easy targets” for market bears? Turkey’s decision to proceed with the “recommended” (by higher authority) 100bps policy rate cut left [...] Read more at ETFtrends.com.
By Christopher Gannatti, CFA, Head of Research, Europe Investors in 2020 and 2021 have become familiar with somewhat of a natural “ebb” and “flow” to the performance of different megatrends. Positive performance is always preferred, but the risk of being “too positive” is that investors begin to think they “missed it” or that a “correction is [...] Read more at ETFtrends.com.
By Matthew Sigel, Head of Digital Assets Research — Van Eck Associates Corporation There are 200M active websites in the world right now and one U.S. company—Verisign—maintains 172M of them.1 Verisign has a long-term, no-bid contract with an unelected international body (ICANN), which has been repeatedly renewed at the request of the U.S. government, who considers the service [...] Read more at ETFtrends.com.
In trading on Friday, shares of the Vanguard FTSE All-World ex-US ETF (Symbol: VEU) crossed below their 200 day moving average of $62.62, changing hands as low as $62.59 per share. Vanguard FTSE All-World ex-US shares are currently trading down about 0.7% on the day. The char