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Global ETFs

Can Service-Oriented Sectors Manufacture A Healthy Bull In Stocks?

By | Bond ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Global ETFs, International ETFs, US Markets and ETFs | No Comments

The Institute for Supply Management (ISM) reported that its services index climbed to 59.1 for October. Any reading above 50 represents economic expansion. Meanwhile, the ISM’s manufacturing index limped to the barn with 50.1. Not only is the percentage teetering on the brink of contraction, but the nine point disparity represents the widest divergence between the two indices in 14 years. Perma-bulls have dismissed the manufacturing slowdown as little more than noise. Yet weakness in the energy, materials and industrials…

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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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‘Taper Tantrum’ Round 2? It’s More Serious For Stocks This Time Around

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

By definition, a recovery is the regaining of something lost. Homeowners have partially (and in some instances, entirely) recovered the equity in their property since the start of the Great Recession. Similarly, market-based securities investors have regained their capital and even accumulated additional paper wealth. The jobs recovery is a bit more challenging to quantify. For example, prior to the start of the Great Recession in December of 2007, the headline unemployment rate was 4.7%. A year into the economic contraction,…

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Weakness In Corporate Revenue Is A Bad Sign For ‘Buy-n-Hold’ Investors

By | Bond ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Global ETFs, International ETFs, US Markets and ETFs | No Comments

There is one thing that has always nagged me during the 2nd longest bull market run in U.S. history. Corporations have roughly the same revenue per share today as they did halfway through 2007. And yet, sales growth per stock share has only recovered to the pre-crisis levels of 2007, whereas the S&P 500’s price has vaulted 40% up and above the pre-crisis levels of 2007. While it is true that bottom-line corporate profits have increased handsomely, most recognize that…

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The Debt-Driven Expansion Requires Tweaks To Your Portfolio

By | Bond ETFs, China ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Global ETFs, Health ETFs, US Markets and ETFs | No Comments

The U.S. government spent $7.50 trillion above the country’s budget over the last six years to encourage economic growth as well as fulfill pre-existing obligations (e.g., defense/military, agriculture, Medicare/health, Social Security, education, transportation, interest on the federal debt, etc.). Yet the economy still only grew at annualized 2.1% in the period – a growth rate that is far lower than the expected average of 3.0%. Similarly, the U.S. Federal Reserve created electronic dollars in the neighborhood of $3.75 trillion, encouraging…

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Technical Breakouts For Popular ETFs On The World Stage

By | Asia ETFs, China ETFs, Currency ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Frontier Market ETFs, Global ETFs, International ETFs, Short ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

The current bull market for U.S. stocks is the fourth longest in history. Two others journeyed into a seventh year, while one other (1990s) enjoys the distinction as having traveled into an eighth year. Even if one subscribes to the idea that “bull markets never die of old age,” probability alone suggests that we are closer to the end than the beginning. Many market-watchers enjoy finishing the thought on what eventually kills a powerful bull run. “Excessive valuations,” some argue….

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Saving Greece? What ETF Investors Should Really Be Focused On

By | Asia ETFs, Bond ETFs, Commodity ETFs, Consumer ETFs, Currency ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Global ETFs, International ETFs, Large Cap ETFs, Natural Resources ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

February has been a terrible month for the U.S. economy, but a wonderful month for U.S. stocks. Translation? Investors do not believe that the Federal Reserve will raise overnight lending rates during an economic slowdown. Just how abysmal have the data been so far? Personal spending, construction spending, factory orders, international trade, business inventories, wholesale inventories, consumer sentiment, retail sales and housing starts are just a few of the data points that fell short of expectations. Heck, the Citi Economic Surprise…

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U.S. Stocks and U.S. Bonds: What the Heck?

By | Asia ETFs, Bond ETFs, China ETFs, Consumer ETFs, Currency ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Global ETFs, International ETFs, Large Cap ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Most people believe that Tom Cruise became an international superstar with the release of the action drama, “Top Gun” back in 1986. However, I remember the actor from an earlier film, “Risky Business.” The popular motion picture capitalized on teenage angst and harebrained ways to make money. In the film itself, the main character, Joel Goodson, turns his family home into a house of ill-repute to finance the repairs of his father’s Porsche – a car that he had been…

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ETFs For An Ongoing Stimulus Bubble

By | Asia ETFs, Bond ETFs, China ETFs, Commodity ETFs, Currency ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Global ETFs, International ETFs, Large Cap ETFs, US Markets and ETFs | No Comments

Canada, India, Turkey, Australia, China and Denmark. What do all of these countries have in common? The central bank of each nation has eased monetary policy to stimulate respective economies in 2015. What’s more, none of these actions had been anticipated; rather, the media described rate cuts as “surprising” or diminished reserve requirements as “unexpected.” In the case of Denmark, recent stimulus has been creative as well as startling. For the fourth time in less than three weeks, the Danish…

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Risk Aversion Gains Momentum And Risk Taking Loses It

By | Asia ETFs, China ETFs, Commodity ETFs, Currency ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Global ETFs, International ETFs, Large Cap ETFs, Small Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

The case for investing in riskier assets has often been described as a sensible quest for yield and/or capital appreciation in a world with ultra-low interest rates. That helps to explain why the S&P 500 has defied the odds with respect to corrective activity, garnering double-digit percentage gains in 2012, 2013 and 2014. Yet the preference for risk averse treasuries over higher-yielding debt since July of last year puts a dent in the notion that speculation is still in vogue;…

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