By Mike Dickson, Ph.D. Other market sectors are showing signs of life. The S&P 500 continued its winning streak in July and is up more than 20% in 2023. That’s the index’s best performance through the first seven months of a calendar year since 1997—and a far cry from its -12.6% return during the first [...]
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This week the VettaFi Voices consider the recent Fitch Ratings Downgrade of the U.S. from AAA to AA+ and what it means for investors. Good morning, VettaFi Voices! On Tuesday, Fitch downgraded its rating on the U.S., largely due to political risk and fiscal concerns. A lot of industry figures have dismissed the move as [...]
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The WisdomTree U.S. MidCap Fund ETF (EZM) is seeing unusually high volume in afternoon trading Friday, with over 246,000 shares traded versus three month average volume of about 31,000. Shares of EZM were up about 1% on the day.
In trading on Friday, the Invesco High Yield Equity Dividend Achievers ETF (PEY) is outperforming other ETFs, up about 4% on the day. Components of that ETF showing particular strength include shares of Telephone and Data Systems (TDS), up about 78.4% and shares of V.F. (VFC),
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Monster Beverage Corp (Symbol: MNST) has taken over the #164 spot from Verisk Analytics Inc (Symbol: VRSK), according to ETF Channel. Below is a chart of Monster Be
After an historically bad year for bonds in 2022, high yield bond issuers entered 2023 from a position of strength. And according to fixed income specialist BondBloxx, they’re likely to remain resilient entering the second half of the year. “This stronger fundamental starting point is a clear differentiator of this economic cycle,” according to the [...]
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If you're like most traditional investors, you were probably first exposed to meme stocks during the great GameStop bull run of January 2021.
While GameStop showcased the power of social media sentiment to influence the market, it isn't the only investment that users are meme-i
By Dr. David Esch Do Downgraded Treasurys Still Belong in Your Portfolio? What Does the Treasury Downgrade Mean for Your Portfolio? The creditworthiness of the US Treasury is hugely important – the function of the global economy is built on it. So at first the decision of Fitch, one of three major ratings agencies, to downgrade [...]
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Major Indices Rise for Fifth Straight Month As of July’s end, both the S&P 500 Index and Nasdaq Composite Index posted their fifth consecutive monthly gain. The positive equity performance for the month comes on the back of cooling inflation, better than expected earnings, and increased probabilities of a soft landing. Broad-based emerging market equities [...]
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Many of the top-performing ETFs last month offered exposure to the energy sector. Energy ETFs rallied tremendously in July, offsetting the declines seen during the first half. Oil and natural gas prices dramatically improved during the month, lifting by the improving economic outlook. Additionally, the recent supply cuts by OPEC+ have tightened supply and demand [...]
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Direct indexing was a service that used to be reserved only for the ultra-high-net-worth investor with complex needs. But thanks to advancements in technology, increased investor awareness, and reductions in trading costs, it is growing in popularity. And according to Vanguard, these advancements have not only upped investor demand, but also increased its availability. At [...]
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Benchmark Review & Monthly Recap, July 2023 – Clark Capital Management Group Summer Rally Continued in July; Market Breadth Improved HIGHLIGHTS: Large-cap growth stocks have dominated in 2023, but market breadth has improved in recent months as value and smaller-cap companies have rallied. The VIX Index, a measure of stock market volatility, remained subdued in [...]
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In trading on Friday, shares of the SPDR S&P Global Natural Resources ETF (Symbol: GNR) crossed above their 200 day moving average of $56.75, changing hands as high as $56.94 per share. SPDR S&P Global Natural Resources shares are currently trading up about 0.9% on the
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mid-Cap Value ETF (Symbol: VOE) where we have detected an approximate $201.2 million dollar outflow -- that's a 1.2% decrease week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Regional Banking ETF (Symbol: KRE) where we have detected an approximate $212.8 million dollar outflow -- that's a 5.8% decrease week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold MiniShares Trust (Symbol: GLDM) where we have detected an approximate $188.1 million dollar outflow -- that's a 3.1% decrease week over we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $271.9 million dollar outflow -- that's a 1.8% decrease we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Short-Term Inflation-Protected Securities ETF (Symbol: VTIP) where we have detected an approximate $442.4 million dollar outflow -- that's
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $498.6 million dollar outflow -- that's a 2.6% decrease week over week (
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares National Muni Bond ETF (Symbol: MUB) where we have detected an approximate $358.0 million dollar outflow -- that's a 1.1% decrease week over