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Global ETFs

Just A Manufacturing Recession? Stocks and Bonds Think There’s More To It

By | Asia ETFs, China ETFs, Commodity ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Global ETFs, International ETFs, Large Cap ETFs, Popular Posts, Small Cap ETFs, Special Sectors ETFs, Technology ETFs | No Comments

Six weeks ago, I made the case that the “ex-U.S.” stock bear began in January of 2018. It was a relatively easy case to make. After all, the MSCI World Ex USA Index fell more than 20% from its all-time high and has yet to recover. Even though the S&P 500 and the Dow did not fall 20% from their January 2018 peak, there has been minimal stock progress across 20 months. The Wilshire 5000 provides clear evidence that the…

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2020 Election: More Than Another Brick In The Wall Of Worry

By | Bond ETFs, Consumer ETFs, Current Affairs and ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Global ETFs, Large Cap ETFs, Popular Posts, Real Estate ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Near the bottom of the 2008 financial collapse, many investors convinced themselves that Barack Obama’s left-leaning ideology would only make things worse for the stock market. They were wrong. Indeed, those folks missed a remarkable opportunity to acquire equities at phenomenal bargains. Leading into the 2016 election, plenty of people believed that Donald Trump’s unpredictable nature and tempestuous style would result in a stock market disaster. They were wrong too. Wall Street quickly warmed up to the prospect for dramatic…

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Large U.S. Stocks May Be Underestimating the Worldwide Manufacturing Recession

By | Asia ETFs, Bond ETFs, China ETFs, Consumer ETFs, Currency ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Global ETFs, Large Cap ETFs, Mid Cap ETFs, Popular Posts, Small Cap ETFs, Special Sectors ETFs, Transportation ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Global manufacturing data have been exceedingly grim. One would be hard-pressed to find a country in Europe, Asia or North America that is exporting products with little difficulty. If the United States wishes to export products at a higher clip, we’d require partners with the means to afford our products. Yet the U.S. dollar’s strength alongside foreign tariffs are impeding the process. One might think that the dollar’s strength would be helpful in importing products from other countries. At the moment, however, a wide…

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This Is Your Market. This Is Your Market On Drugs. Any Questions?

By | Asia ETFs, Bond ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Financial ETFs, Global ETFs, Industrial ETFs, Large Cap ETFs, Mid Cap ETFs, Real Estate ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs, Utilities ETFs | No Comments

An authoritative figure pulls a chicken egg from a carton. He holds the egg up for the television viewer to see. “This is your brain,” he announces. Then he points to a frying pan and says, “This is drugs.” The man cracks open the egg on the side of the pan. He then spills the viscous contents into the skillet and allows the slop to sizzle. “This is your brain on drugs.” He waits for a second or two to let…

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The Stock Market Bear That Began 19 Months Ago

By | Asia ETFs, Bond ETFs, China ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Financial ETFs, Global ETFs, International ETFs, Large Cap ETFs, Materials ETFs, Mid Cap ETFs, Real Estate ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Mainstream pundits have been telling stock investors throughout 2019 that it does not matter if long maturity Treasury bonds yield less than short maturity Treasury bonds. They have been explaining that you should ignore the fact that, for the most part, the 10-year yield has been offering less than the 3-month yield since mid-May. However, financial institutions often rely on borrowing money at lower short-term rates and lending at higher longer-term ones. When the spread between short and long flattens,…

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Here Comes The Fun (And The Fed Says, “It’s Alright”)

By | Consumer ETFs, Currency ETFs, ETF Philosophy, ETF Strategy, Global ETFs, Large Cap ETFs, Popular Posts, Real Estate ETFs, US Markets and ETFs | No Comments

One might define absurdity as the quality or state of being ridiculous. Or one can glance at the global quantity of negative-yielding debt. The total? Nearly $14 trillion. Holding a bond to maturity that pays a negative return is insane. Wouldn’t risk-averse folks prefer a 0% return that would come with the embrace of physical cash? Unfortunately, central banks do crazy things. The euro deposit rate is at -0.4%. That means savers and investors could lose more money at a…

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How Will You Keep the Stock Wealth That You Created?

By | Bond ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Global ETFs, Large Cap ETFs, Popular Posts, Special Sectors ETFs, US Markets and ETFs | No Comments

Bond yields have been collapsing clear across the world. And if history is any guide, the rapid decline is a function of undeniable economic weakness. Consider the correlation between bond yields and time-tested measures like the Institute for Supply Management’s PMI. The 10-year U.S. Treasury yield tends to follow in the indicator’s footsteps. As the chart shows, waning economic growth and falling bond yields occurred in 2012 and 2016. During those periods, corporate earnings struggled immensely. What about today? Not…

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The Last Ones To Add More Stock Risk Will Have Rotten Nest Eggs

By | Asia ETFs, Bond ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Financial ETFs, Global ETFs, International ETFs, Large Cap ETFs, Mid Cap ETFs, Small Cap ETFs, Special Sectors ETFs, Transportation ETFs, US Markets and ETFs | No Comments

U.S. large company stocks may be celebrating the anticipation of rate cuts. After all, the S&P 500 has been toying with record highs. Yet a broader view demonstrates that the asset class is struggling more than advertised. For example, diversified investors might be aware of world index funds that exclude the U.S. In particular, the iShares MSCI ACWI ex U.S. (ACWX) sits in correction territory, nearly 10% below its January 2018 peak. What about the Russell 2000 – an index that…

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Stock Market Rally: You May Be Right, I May Be Crazy

By | Asia ETFs, Bond ETFs, China ETFs, Commodity ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Frontier Market ETFs, Global ETFs, International ETFs, Large Cap ETFs, Latin America ETFs, Mid Cap ETFs, Middle East ETFs, Small Cap ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

According to Jay Powell, Chairman of the Federal Reserve, the U.S. economy is performing well. It is difficult to take the assessment seriously. After all, as recently as mid-December, the Fed intended to raise interest rates three to four times in 2019. By January, central bank committee members wiped away the possibility of any rate hikes during the year. And now? The Fed is preparing the world for rate cuts as soon as July. “We will act as needed including promptly if that’s…

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Why Do Bond Investors Doubt The Stock Market Recovery?

By | Bond ETFs, Consumer ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Global ETFs, Health ETFs, Popular Posts, Special Sectors ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Is a recession in the U.S. around the bend? Few economists are predicting one. On the other hand, longer-term Treasury bond yields continue to slide below shorter-term maturities. Bond investors are gobbling up long-term government debt because they believe that the economy will slow dramatically. Normally, the longer an investor allows the U.S. government to keep capital, the more that an investor would expect in annual interest from Uncle Sam. That is what transpires in a healthy economy. This past…

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