[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a wild session with the indexes meandering in the red most of the day when the tug-of war between oil and weaker than expected economic data came to an end with oil shooting straight up and gaining some 9% on the day. Of course, as we’ve seen lately, there was …
Oil Prices Tumble And Markets Get Slammed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The lack of correlation between oil prices and the major indexes I pointed out yesterday reversed with a vengeance as oil dropped another 5.79% on top of yesterday’s loss of 6.78% causing the markets to head south all day with no recovery in sight. Crude oil stumbling below $30/barrel accelerated a downdraft …
Clawing Back
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It did not look pretty at the opening with the major indexes taking a dive after Friday’s come back rally. Interesting to me was the break in correlation with oil prices, as oil got hammered at the tune of -6.78%, yet equities managed to dig themselves out of a hole and closed …
ETFs/Mutual Funds On The Cutline – Updated Through 01/29/2016
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 38 (last week 21) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will The Federal Reserve Continue With Rate Increases?
The latest US-made durable goods reading was disappointing for the economy and showed businesses were pulling back even further than investors anticipated going into 2016, said Lindsey Piegza, chief economist at Stifel Fixed Income. Beyond the headline number, the details were more disappointing as capital goods orders, excluding aircraft and defense, a proxy used by investors for business investment, were …
New ETFs On The Block: Elkhorn FTSE RAFI US Equity Income ETF (ELKU)
Elkhorn Capital Group, the exchange-traded fund issuer founded by former PowerShares’ veteran Ben Fulton, launched its second fund recently with an eye on high-dividend paying US companies. The newly launched Elkhorn FTSE RAFI US Equity Income ETF (ELKU) employs an investment strategy created by Research Affiliates, one of the pioneers of the so-called smart-beta investing. ELKU tracks the FTSE RAFI …