China country-specific exchange traded funds plunged Monday as rising COVID-19 cases rattles the emerging Asian economy that is just convalescing from its recent shutdowns. On Monday, the iShares MSCI China ETF (MCHI) fell 4.5%, the KraneShares Bosera MSCI China A Share ETF (KBA) declined 3.0%, and the Xtrackers CSI 300 China A-Shares ETF (ASHR) decreased [...] Read more at ETFtrends.com.
Treasury bonds and related exchange traded funds were among the better performing areas of the markets on Monday as traders turned to safe-haven U.S. government debt. On Monday, the Vanguard Extended Duration Treasury ETF (EDV) rose 2.0%, the SPDR Portfolio Long Term Treasury ETF (SPTL) increased 1.5%, the PIMCO 25+ Year Zero Coupon US Treasury [...] Read more at ETFtrends.com.
Natural gas prices and related exchange traded funds climbed Monday as the summer heat could fuel electricity demand and pipeline problems impede supplies. The United States Natural Gas Fund (UNG) rose 5.3% on Monday. Meanwhile, Nymex natural gas futures were up 7.2% to $6.47 per million British thermal units. EBW Analytics Group senior analyst Eli Rubin [...] Read more at ETFtrends.com.
Twitter Inc. (NasdaqGS: TWTR) shares plunged Monday, dragging down social media-related exchange traded funds after Elon Musk ended his takeover bid for the platform. On Monday, the Invesco Dynamic Media ETF (PBS) fell 3.1% and the Global X Social Media ETF (SOCL) declined 5.0%. Meanwhile, Twitter shares decreased 8.8% on Monday. TWTR makes up 8.4% [...] Read more at ETFtrends.com.
In one of its last rulings before its recess, the Supreme Court struck down the Environmental Protection Agency’s ability to regulate emissions from power plants under the Clean Air Act. The Supreme Court ruled that the EPA doesn’t have the authority as an agency to create emissions caps, and instead, the regulation must be mandated [...] Read more at ETFtrends.com.
Our work suggests that the recession currently priced into the equity market has yet to show up. In fact, there are some positive signs that this economy will not go down without a fight. For example, we are seeing early signs that inflationary pressures are easing. This does not mean an immediate reduction in inflation, but [...] Read more at ETFtrends.com.
Syntax Advisors LLC president and chief operating officer Carly Arison told NYSE’s Judy Shaw for ETF Leaders, powered by the New York Stock Exchange, that the company’s “goal is to have diversified exposure to business risk” when investing in U.S. core equities. And the way Syntax provides that is through the Syntax Stratified LargeCap ETF (SSPY), the Syntax [...] Read more at ETFtrends.com.
In a new Sprott Insight from Paul Wong, CFA and market strategist, Wong looks at gold’s performance in June and how it fared in the single worst first half year in decades. Source: Bloomberg and Sprott Asset Management LP. Data as of June 30, 2022. Spot gold bled $30.08 in June, a 1.64% loss of [...] Read more at ETFtrends.com.
In trading on Monday, shares of the SPDR Bloomberg Emerging Markets Local Bond ETF (Symbol: EBND) entered into oversold territory, changing hands as low as $19.86 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis i
The technology sector has been hit particularly hard this year, with many of the growth drivers of the last five years falling in the pivot to value. Cloud computing has been heavily impacted by the macro-environment. While the macro does matter, many of the companies within the industry have operations that are generating increasing amounts [...] Read more at ETFtrends.com.
Artificial intelligence is an industry with limitless growth due to the potential it has to optimize all aspects of the current world. OpenAI, a research and deployment company, engaged the world with its DALLE-2 model and its ability to create images based on text prompts. The result of the model being prompted to create an [...] Read more at ETFtrends.com.
While emerging markets are currently facing heavy headwinds, there are many countries in emerging and developing markets that have great potential for long-term investors. Active private investor David Stevenson suggests in the Financial Times that a “rifle shot approach to picking out countries and markets with high potential but perhaps low valuations is… a more [...] Read more at ETFtrends.com.
For the first half of 2022, stocks and bonds were seeing eye to eye amid inflation fears as sell-off pressures pushed both assets downward. With the second quarter well underway, bonds are starting to look like the more attractive option as recession fears mount, according to one market strategist per a Markets Insider article. With [...] Read more at ETFtrends.com.
The S&P 500 is expected to report year-over-year earnings growth of 4.3% for the second quarter as of Friday, according to John Butters, senior earnings analyst at FactSet. Based on the average improvement in earnings growth during each earnings season due to companies reporting positive surprises, it is likely the index will report earnings growth [...] Read more at ETFtrends.com.
If ever there was a time for active stock managers to prove their worth, this has been the year to do so. As the market slipped from bull to bear, major pricing dislocations between sectors and individual stocks have created the ideal environment for active managers to separate the wheat from the chaff. It appears [...] Read more at ETFtrends.com.
In trading on Monday, the iShares U.S. Home Construction ETF is outperforming other ETFs, up about 0.4% on the day. Components of that ETF showing particular strength include shares of Taylor Morrison Home, up about 1.8% and shares of Green Brick Partners, up about 1.4% on the
Biotechnology stocks and the related exchange traded funds are in a prolonged slump, and along the way, calls for rebounds have been plentiful. They’ve also proven inaccurate. No, biotech stocks and ETFs such as the VanEck Vectors Biotech ETF (BBH) won’t be out of favor permanently. Pinpointing exactly when the group will materially recover, well, [...] Read more at ETFtrends.com.
Bitcoin’s decline and those of crypto-correlated equities, including miners, are proving dramatic. In the case of the largest digital currency, it needs to roughly triple current levels to return to its all-time high. Given the current state of affairs in the crypto market, which is highly dour, it’s difficult to forecast exactly when digital assets [...] Read more at ETFtrends.com.
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 $106.7 million dollar inflow -- that's a 0.4% increase week over