Submitted by Albert Edwards via ZeroHedge Earlier this week we described the personal come to non-GAAP Jesus moment of trading commentator Richard Breslow, who confessed in no uncertain terms that he has had it with endless central banking intervention: “a portfolio built to only withstand stress thanks to central bank intervention is one destined to blow-up spectacularly. The embedded flaw in this new logic is …
New ETFs On The Block: Principal Shareholder Yield Index ETF (PY)
Principal Financial, the Iowa-based retirement and mutual funds specialist, recently expanded its exchange-traded fund offerings with the launch of two new so-called smart-beta funds. Principal is one of the biggest asset managers in the US, yet it was largely missing from the ETF landscape with just one actively-managed product to its name. The Principal Shareholder Yield Index ETF (PY) targets …
ETF/No Load Fund Tracker Newsletter For April 22, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04212016/ ———————————————————— Market Commentary MIXED END TO MIXED WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks closed the week mixed Friday as earnings misses last night from Microsoft (MSFT) and Google parent Alphabet (GOOG) gave Wall Street’s optimism a punch in the face. Before the opening bell though, the Dow got …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 04/21/2016
ETF/Mutual Fund Data updated through Thursday, April 21, 2016 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 4/4/2016 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) …
Snapping A 7-Day Winning Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Many investors were laying in waiting to see what the ECB’s decision was going to be in regards to raising interest rates. As expected, the ECB stood pat on rates earlier Thursday and began the implementation of its larger asset-purchase program, which now totals 80 billion euros a month. However, President Mario …
Markets Continue Their Rally; Fast Food And Oil Up
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The stock market rally continued modestly here in the U.S. today, driven higher by a rebound in oil prices on negative news and solid earnings reports from international Yum Brands companies. Yum Brands (YUM), the parent company of fast food giants KFC, Taco Bell and Pizza Hut, handily beat first-quarter earnings expectations, …