U.S. stocks rallied 4% on the last day of November. Granted, China formerly announced that bank reserves would be lowered, a form of easing that hasn’t taken place in China in 3 years. And the ADP private payroll report on U.S. employment¬†indicated¬†a healthy pick-up in hiring.
Nevertheless, the primary driver for one of the best¬†sessions in [...] [...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]
For better or for worse, there are a wide range of perspectives on the investments that are likely to do well over the next 6 months. And while nobody doubts the severity of the Eurozone crisis, each seems to see different opportunities in light of costly euro-baggage.
One portfolio manager believes that U.S. equities will remain [...] [...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]
How many major sectors of the U.S. economy are riding above¬†their respective¬†long-term, 200-day trendlines? 3 of the big 10 are.
Not surprisingly, Defensive Equity ETFs like¬†SPDR Select Sector Utilities (XLU) and SPDR Select Sector Staples (XLP) made the cut. More surprisingly to some, however, is the recent emergence of a cyclical powerhouse like SPDR Select Sector [...] [...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]
One of the arguments in favor of Dividend ETFs is that they provide 3.0%-3.5% with the potential for capital appreciation. But the last 3 months have seen more depreciation than the “attractive” yield could¬†offset.
With savings accounts and CDs offering 1.0% on the high end,¬†investment-grade U.S. government debt has been a consideration for some folks. Of [...] [...more]
As many times as gold vigilantes try to short the yellow metal — as often as gold bugs¬†try to take profits¬†near $1900 oz — new buyers still keep coming back. For example, after a 3%+ smackdown on 9/7/11, the SPDR Gold Trust (GLD) managed to rally back 2% on¬†Thursday, 9/8/11.
Yet, even as precious metal funds [...] [...more]
Asia’s fight against inflation via tight monetary policy has curbed demand for natural resources. Meanwhile, the reduced demand for resources in both Asia and the developed world (Europe/U.S.) has resulted in less¬†exporting from resource-rich countries like Russia and Brazil. In other words, those who have been “long” the emerging market growth story haven’t had much [...] [...more]
If Abby Joseph Cohen¬†is/was the quintessential perma-bull for U.S. equities, Franklin Templeton’s Mark Mobius is her perma-twin¬†for emerging markets.¬†In fact,¬†it may not be possible to find a moment in time when Mobius wasn’t bullish on¬†emerging countries.
Today, Mobius isn’t even falling back on valuation-based arguments; he’s not talking about GDP growth¬†or¬†fiscal policy. He simply points to [...] [...more]