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Actively Managed ETFs

Bonds Say To Stocks, “We’re Just Not That Into You.”

By | Actively Managed ETFs, Bond ETFs, Commodity ETFs, Currency ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

Five years ago, several European countries (e.g., Portugal, Italy, Greece, etc.) appeared as if they might default on their sovereign debt obligations. Gold prices spiked. The Japanese yen soared. U.S. Treasury bond yields plummeted. And the S&P 500 fell nearly 20% before globally coordinated central bank activity resuscitated investor appetite for U.S stocks. Today, Europe appears to be on the verge of another euro-zone crisis. This time, the United Kingdom’s decision to leave the European Union has threatened to destabilize the…

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Risk Asset Update: Vast Majority Agonize Since The S&P 500’s August Lows

By | Actively Managed ETFs, Asia ETFs, Bond ETFs, Commodity ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Global ETFs, International ETFs, Large Cap ETFs, Natural Resources ETFs, Retail ETFs, Small Cap ETFs, Special Sectors ETFs, Transportation ETFs, US Markets and ETFs | No Comments

Weren’t lower oil prices supposed to act like a “tax cut” for U.S. households? If families spend less at the gas pump, then they will spend more of their dollars at the mall. At least that’s what mainstream media cheerleaders like CNBC’s Jim Cramer have insisted throughout the year. In contrast, the S&P SPDR Retail Index (XRT) demonstrates that investors are not particularly impressed by the prospects of American retailers. The current price for the exchange-traded fund tracker is lower…

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13 Economic Charts That Wall Street Doesn’t Want You To See

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, ETF Philosophy, Global ETFs, Large Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

About a week ago, I spent an afternoon playing basketball and drinking beer with a best friend from my high school days. It was the second get-together in five months. How is that unusual? Prior to the first go-around this past May, I had not seen Anthony in more than 30 years. I asked Anthony if he remembered the night that we knocked over the practice field’s goal posts. (Give me a bit of “labor slack” here… we were teenagers…

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50% Recession Possibility Calls For A ‘Higher-Than-Usual’ Allocation To Non-Stock ETFs

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, International ETFs, Large Cap ETFs, Short ETFs, US Markets and ETFs | No Comments

Other than permanently bearish writers and investors, few address the possibility of the U.S. falling into a recession. Many conclude that the Federal Reserve’s ultra-low rate policy completely altered the landscape such that the idea of a business cycle no longer exists. Others merely ignore warning signs until, unfortunately for them, the opportunity to reduce investment risk has passed them by. Until recently, I have only discussed the possibility of a recession in the context of a Fed policy mistake….

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Why “TBT” Doesn’t Have A Prayer

By | Actively Managed ETFs, Bond ETFs, ETF Philosophy, Leveraged ETFs, Short ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

When Jack Nicholson won his third Best Actor award in 1997’s “As Good As It Gets,” he may have chuckled at the knowledge that he’d never have it so good again. Who wins four Academy Awards for Best Actor in a motion picture? Nobody. (Yes, I checked… and Katherine Hepburn won four Oscars for Best Actress.) The problem with reaching a pinnacle, of course, is that your options are limited. You might be able to hang out on top of…

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Relative Value The Reason To Keep Buying Munis and Long Bond ETFs

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Special Sectors ETFs, US Markets and ETFs | No Comments

Since the Reserve Bank of New Zealand first formerly targeted inflation rates roughly 25 years ago, other central banks around the globe have followed suit; that is, many banks have been setting medium-term rates that prices should rise on an annualized basis, and then presenting those percentages publicly. Two-and-a-half years back, the U.S. Federal Reserve, placed that percentage at 2%. Yet the U.S. has failed to hit the bulls-eye. Trillions in electronically created dollars over 30 some-odd months, coupled with…

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The Best ETFs For Positioning Your Portfolio In 2015

By | Actively Managed ETFs, Asia ETFs, Bond ETFs, China ETFs, Commodity ETFs, Consumer ETFs, Currency ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Featured Posts, Global ETFs, International ETFs, Large Cap ETFs, Small Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

At the beginning of each New Year, Seeking Alpha, the popular financial web portal, interviews Gary Gordon for its Positioning for 2015 series. Here is a transcript of that exchange. SA’s Carolyn Pairitz (CP): How would your clients describe your investing style/philosophy? Gary Gordon (GG): My clients would recite my mantra… There are four possible investing outcomes (i.e., big gain, small gain, small loss, big loss) and three of them are good. Successful investing is about controlling the investing outcome so…

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It Is Not Too Late To Hedge Against Stock ETF Risk

By | Actively Managed ETFs, Asia ETFs, Bond ETFs, China ETFs, Commodity ETFs, Currency ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, International ETFs | No Comments

Since October of 2011, the US. stock market has not only been resilient, it has repelled more water than Gore-Tex. The pullbacks in 2012, 2013 and the first eight months of 2014 have been unrepentant buying opportunities. The current downpour that began in mid-September, however, has presented bears with more compelling reasons to sell. Market valuations are higher than they were three years ago. The global economy is weakening in ways that had not been present in earlier years. And,…

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ETFs For Those Seeking Greater Tax Freedom

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Large Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

A leading non-partisan tax policy researcher, The Tax Foundation, estimates that your first 111 days belong to the U.S. government. When the estimate includes the effect of federal borrowing, the date moves to May 6. In other words, you work for Uncle Sam in your first 125 days of a given year, while the remaining 240 belong to you. The effect of federal borrowing cannot be understated. Right now, you work an extra 14 days to pay the interest on…

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Three Reasons Top Earners Should Favor High Yield Muni ETFs

By | Actively Managed ETFs, Bond ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

Many fear that rising interest rates will crush income-oriented portfolios. Get over it — that was last year’s news. In fact, the vast majority of high-yielding assets have been the best performers of 2014, including utility stocks, REITs as well as long-dated U.S. Treasuries. Naturally, some investors still wish to hedge against rate risks. What these folks need to recognize is that rising interest rates are currently threatening the short end of the yield curve, not the long end. Safety-seekers…

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