Category

Real Estate ETFs

Positioning Your ETF Portfolio For 2014

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

Seeking Alpha’s Abby Carmel and Jonathan Liss recently spoke with Gary to find out how he selects specific ETFs and plans to use them to position clients in 2014. SA Editors (SA): How would you describe your investing style/philosophy? Gary Gordon (GG): Information processing is the best way to describe the way that I invest. I gather information from a variety of credible sources (e.g., fundamental, technical, contrarian, economic, historical, etc.), select ETFs based on that information, and control the…

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When Will You Taper Your Exposure To U.S. Stock ETFs?

By | Bond ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Real Estate ETFs, US Markets and ETFs | No Comments

Long-time readers, listeners as well as clients already know how I feel about the current U.S. stock market bull. For example, the absence of revenue growth at corporations (e.g., average sales growth for Dow components in 2013 is -0.7%) and the exceptionally high cyclically-adjusted P/E (i.e., 25) do not matter right now. And that’s okay. Pending home sales have dropped for five straight months and mortgage applications have declined for 5 consecutive weeks, placing a potential damper on the real…

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What’s Wrong With The Housing Market? These ETFs Are Telling You

By | Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Real Estate ETFs, Special Sectors ETFs, Telecom ETFs, Utilities ETFs | No Comments

One mistake that people often make is that they react too strongly to individual economic reports. For example, recent headlines heralded a dramatic 25% jump in new home sales from September to October. And, most of the follow-up commentary trumpeted the fact that 444,000 purchases (seasonally adjusted) had been much greater than anticipated. Some investors have taken the uptick to mean that real estate sales are alive and well. However, single month estimates are typically revised. Sales for July and…

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ETF Investor Implications Of An Absence In Sector Rotation

By | Biotechnology ETFs, Consumer ETFs, Current Affairs and ETFs, Defense & Aerospace ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Global ETFs, Health ETFs, Industrial ETFs, Materials ETFs, Natural Resources ETFs, Real Estate ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Over the last month, investors have witnessed a variety of strange events. The Republican party ungracefully bowed out of its bid to derail Obamacare during the tail end of the government shutdown. The Democrat party helplessly attempted to control damage associated with scores of consumers not being able to keep their health plans or their doctors. Meanwhile, employment data have never been more antithetical, as employers created 200,000-plus net new jobs in October, yet 900,000-plus left the work force in…

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Financial ETFs, Homebuilder ETFs: Casualties of the October Jobs Report

By | Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Real Estate ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

Working-aged adults are leaving the workforce at a faster rate than those who are entering. For all the hoopla surrounding the 200,000 jobs created last month, investors paid very little attention to the 930,000 people who left the labor force in October. These are not 930,000 new retirees; most of these folks have given up hope of landing a job. Investors should not ignore a frightening trend of the current century. It is one thing to recognize that an aging…

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The Relative Weakness in Financial ETFs and Homebuilder ETFs

By | Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Real Estate ETFs, US Markets and ETFs | No Comments

Americans are at it again. They are becoming wide-eyed at the prospect of real estate riches, convinced by media cheer-leading that the 2007-2009 collapse in home prices was a once-in-a-century anomaly. Why shouldn’t we be enthusiastic? Home values have been rising by double digit percentages. Buyers are tripping over themselves to outbid one another. And when the vast majority of participants still fail to understand leverage, they are easily persuaded by the promise of 100% paper gains on 20% down….

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Real Estate ETFs Hold the Key to the U.S. Stock Market’s Direction

By | Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, International ETFs, Real Estate ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

I am not exactly going out on a limb, but let me say this about the circumstances in Syria: Missile strikes will not be the stock market’s downfall. Granted, the short-term trend toward higher oil prices is a thorn in the paw of consumption; consumer-oriented stocks may struggle a bit. However, the recent momentum in “black gold” is more likely to wane. For that matter, the White House can always counter with the use of U.S. “strategic reserves.” The real…

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Which Income ETFs Are Handling The “Taper Time” Pressure?

By | Bond ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, Financial ETFs, International ETFs, Real Estate ETFs, Special Sectors ETFs, US Markets and ETFs | 2 Comments

On Thursday, 8/15/2013, the 10-year yield broke through the psychological barrier of 2.75%. Since May, the intermediate-term 10-year Treasury has catapulted from a year-to-date low near 1.6% to a year-to-date high of 2.8%. Clearly, the U.S. Federal Reserve is having trouble persuading investors that — absent its $85-billion-per-month bond binge — they have the tools to suppress longer-term interest rates. Perhaps ironically, if the Fed announces any tapering of its quantitative easing (QE) program in September, many project that it…

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Bond ETFs Could Shock Pundits In The Months Ahead

By | Bond ETFs, Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Real Estate ETFs, US Markets and ETFs | One Comment

Who are these folks who keep insisting that the Federal Reserve will slow its bond purchases in September? Unless I’ve missed something, the press releases concerning Fed policy have explicitly stated that the central bank will maintain its zero percent interest rate policy for as long as the U.S. unemployment rate remains above 6.5% and price inflation remains below 2.5%. Granted, quantitative easing (QE) is merely a component of the Fed’s efforts to suppress intermediate- to longer-term interest rates. What’s…

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Investors Take Another Look At Stock ETFs With Above-Average Yields

By | Current Affairs and ETFs, Dividend ETFs, Energy ETFs, ETF Philosophy, ETF Strategy, Financial ETFs, Real Estate ETFs, Special Sectors ETFs, Telecom ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Morningstar offers its paid subscribers a premium service called, “ETF Valuation Quickrank.” The company offers price-to-fair value estimates for several hundred ETFs that are based upon a proprietary analysis of the underlying stock holdings. At present, each investment is being labeled as fairly valued or overvalued; you will not a find a single fund — broad-based, sector, foreign — that is being described as undervalued. Assume for a moment that the fundamentals-based ratings provider serves up reasonable valuations. With 2nd…

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