I’ve never been shy about criticizing the¬†momentum-based mutual fund ratings or fair value estimates at Morningstar. At this moment, however, it’s the cynic in me — not the critic — who is taking note of a “NEW” section at the information provider’s web site.
Until recently, major tabs at the Morningstar home page included “Stocks,” “Funds” [...] [...more]
John Spence at ETF Trends wonders whether or not investors have become too upbeat on stock assets?¬†High levels of confidence have been seen¬†in everything from Apple (AAPL) journeying north of $500 per share to¬†rising emerging market price ratios to¬†increasing levels of bullish investor sentiment.
That said,¬†when advisers begin to get giddy, history tends to suggest that [...] [...more]
Less than 60% of¬†all U.S. corporations have¬†beaten analyst¬†estimates for Q4 profits. Revenue numbers are equally questionable,¬†as the “beat rate” is only 54%. Both¬†readings are the weakest since the¬†bull market in stocks began in March of 2009.
Bespoke Research Group¬†points out that forward guidance has been¬†equally disconcerting.¬†By analyzing the spread between¬†the percentage of corporations raising guidance (expectations) [...] [...more]
Throughout the last 10 years, world currencies gained remarkable ground on the U.S. dollar. In fact, it wasn’t that long ago when the cover of The Economist¬†featured George Washington with his wig on fire; the former president is piloting a “greenback in flames” as it nose-dives towards Earth.
However, the U.S. dollar served as a one-of-a-kind [...] [...more]
Haven’t heard the bullish call for¬†investing in Brazil ETFs? In essence, monumental infrastructure will be required for Brazil to host the¬†2014 FIFA World Cup as well as the¬†2016 Summer Olympics.¬†In addition, Brazil is one of China’s largest trading partners such that, China¬†imports a massive quantity of materials as well as¬†agricultural products and other commodities.
That said, [...] [...more]
In spite of stock market woes in November, the spot price of¬†crude has managed to push back towards the $100 per barrel mark. Not surprisingly,¬†ETFs with¬†exceptionally high correlations to¬†oil such as Market Vectors Russia (RSX), have significantly outperformed¬†the iShares MSCI All-World Fund (ACWI).
That said,¬†Canada, the second largest non-OPEC producer, may also be worth a look.¬†Don [...] [...more]
There is an erroenous assumption that some investors make about Dividend ETFs. For one thing, many mistakenly believe that a fund needs to be labeled as a dividend exchange-traded product to provide a high level of income. For another, many fail to look overseas.
Granted, Vanguard Dividend Growth (VIG) is a fine example of capturing long-term [...] [...more]
Is it a loss of confidence in gold that¬†has caused a¬†10%¬†sell-off over the previous 5 trading sessions? Have under-performing hedge fund managers been forced to liquidate the SPDR Gold Trust (GLD) — hedge fund managers like John Paulson who own¬†super-sized stakes in the¬†world’s largest gold ETF?
Data may suggest otherwise.
Futures traders have yet to close out [...] [...more]
Some don’t believe in the curative powers of band-aids with Neosporin.¬†In particular, if Greece is going to default in 2011 or early 2012,¬†some see¬†European ETFs as¬†ripe for¬†short-selling opportunities.
Daniel Sckolnik at iStockAnalyst.com suggests that one may benefit from a worsening¬†16-country crisis via¬†shorting¬†Vanguard European ETF (VGK).¬†¬†The author also¬†opines that¬†shorting¬†CurrencyShares Euro (FXE) is likely to be beneficial over [...] [...more]
How can you tell when some of the best minds¬†are focused solely on¬†relative strength? They recommend what has been working, or what hasn’t been hurting as badly, over the last 1, 2 and 3 months. (Not that there’s anything wrong with that.)
Relative strength is a venerable tool. And when there’s a clear “risk-off” bias in [...] [...more]