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Technology ETFs

From Here To The Election: Total Returns For Treasury Bonds Will Trump Stocks

By | Asia ETFs, Bond ETFs, China ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, International ETFs, Large Cap ETFs, Small Cap ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Can you force credit on those who are not necessarily asking for it? Even at ultra-low rates? Consider homebuyers. Mortgage rates are dramatically lower than they were a year ago. Regardless, the median new home sales price has had to drop significantly to entice fresh borrowing. At some point, consumers and businesses may choose to avoid more debt altogether. It simply won’t matter how cheap the cost of capital becomes. (That’s what transpires during a recession.) In truth, we’ve already seen…

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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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CEOs, IPOs and Market Complacency

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

One year ago, investors learned that there’s a limit to how high interest rates could climb on Federal Reserve tightening before the stock market would collapse. Mercifully, the Fed reversed course and sent risk assets back to new heights. Rightly or wrongly, Federal Reserve committee members are still choosing to manipulate the cost of capital lower. The hope is that by keeping stock prices at elevated levels, consumers and businesses will both spend in ways that keep the economic expansion…

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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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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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Riskier Assets Are Looking To Get Their ‘Fix’

By | Asia ETFs, Bond ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Large Cap ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

In last week’s commentary, I wrote the following: “So how will stocks, bonds and other assets respond to the Fed decision? I believe that the Fed will under-deliver, effectively disappointing growth stock enthusiasts. It will be 25 basis points and a whole lot of vague references to data-dependence. The likely result? Bond yields will continue to drift lower over the weeks ahead, compelling the Fed to cut again in the near future. This will be positive for yield sensitive assets…

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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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Vive La Résistance? Investor Sentiment May Tell The Tale For Stocks

By | Current Affairs and ETFs, ETF Philosophy, ETF Strategy, Special Sectors ETFs, Technology ETFs, US Markets and ETFs, Utilities ETFs | No Comments

Have we already witnessed the bursting of a stock balloon? Or, in contrast, have we merely experienced a volatile corrective phase in the continuation of the longest bull market on record? According to research at GMO, the bubble has burst and there is more downside to come. The author of a recent GMO white paper, Martin Tarlie, establishes effervescent particulars in a historical context. Specifically, when valuations become temporarily explosive — 1929, the late 1990s, 2017-18 — they are “averting the mean.”…

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Gundlach Is Right About Junk Bonds And Stocks

By | Bond ETFs, ETF Philosophy, ETF Strategy, Large Cap ETFs, Popular Posts, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

Stock enthusiasts think the worst is behind us. Of course, they appear to be ignoring the fact that bear market rallies are quite common, and that the current upswing may just fit the bill. The average bear rally in history is approximately 11%. We stand at roughly 11.5% off of the correction lows right now. What’s more, there’s a fair amount of technical resistance in and around the S&P 500 range between 2625 and 2650. Credit key players in the…

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