[Chart courtesy of MarketWatch.com] Moving the Markets Weighing on the major indexes was a sell-off in predominantly three sectors, which kept a lid on the usual afternoon ramp. Retail (XRT), Financials (XLF) and SmallCaps (SCHA) combined their poor performances of -2.35%, -1.38% and -1.10% respectively to keep any upward momentum from gaining speed—and they succeeded with only the Dow eking …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the Markets Crude oil along with the energy sector continued its slippery slide with XLE giving back -1.61%, while Crude Oil (WTI) crashed -2.53% to a $42 handle, which is its lowest since last August. Biotechs were the beneficiary of this carnage gaining some 8% over the past 3 days. It’s a strange market, as …
ETF Tracker Newsletter For March 17, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/03/weekly-statsheet-etf-tracker-newsletter-updated-03162017/ EQUITIES DIP AND DOLLAR PLUNGES [Chart courtesy of MarketWatch.com] Moving the Markets Stocks dipped slightly today but managed to squeeze out a gain for the week with the S&P 500 adding 5 points or 0.2%, which is not a particularly noteworthy performance but, given the uncertainty in Europe along with the Fed’s move on interest rates, …
Equities Eke Out A Small Gain; Bonds Get Clobbered
[Chart courtesy of MarketWatch.com] Moving the Markets Another directionless day with the major indexes hovering below the unchanged line but a last minute ramp helped to get us into the green thereby avoiding a 6th straight loss for the Dow. The indexes are now unchanged from Trump’s rally speech. Financial conditions remain tight with bonds having another ugly day as …
New ETFs On The Block: The iShares Yield Optimized Bond ETF (BYLD)
iShares, the exchange-traded funds arm of BlackRock Inc, has launched a “fund of funds” in an effort to offer investors decent returns in a low interest rate environment. The iShares Yield Optimized Bond ETF (BYLD) is the latest addition to its portfolio of bond ETFs and aims to solve the risk-reward conundrum. With the Fed announcing in no uncertain terms …
New ETFs On The Block: ETRACS Diversified High Income ETN (DVHI)
ETRACS, the ETF issuing arm of Swiss banking giant UBS, has unveiled an exchange-traded note that seeks to provide high income through a diversified basket of equities and fixed income. Since the Federal Reserve has decided to continue the current pace of assets purchases, yields are likely to remain weak till the labor market improves and inflation remains benign. If …