Category: Asymmetric ETF
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Dow Jones is down -10% off its high
Dow Jones is down -10% off its high. I don’t pay much attention to the Dow Jones Industrial Average as it’s a price-weighted index of 30 stocks. But, the S&P 500 capitalization-weighted index of approximately… Read More
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19 is the new 20, but is this a new low volatility regime?
We used to say the long term average for the Cboe Volatility Index VIX is 20. Some would mistakenly say that VIX “reverts to the mean”, suggesting it is drawn to the average level of… Read More
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Active management and tactical allocation isn’t the only method with “strategy risk” as global asset allocation can get off track, too
Most investors, individual and institutional, apply some kind of asset allocation method to a portfolio mix of cash, bonds, and stocks. The most diversified also invest internationally, so their portfolio is global. The most common… Read More
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I don’t always comment on economic indicators, but when I do, it’s a trend like ISM Manufacturing Index
The ISM Manufacturing Index monitors changes in production levels from month to month and is considered an important economic indicator by many global macro investment managers. Some of them consider a level above 50 as… Read More
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The S&P 500 stock market index is holding the line
The stock index is holding the line so far. You can see the percent of S&P 500 stocks trading above their 50 day moving average closed at 30% last week. It’s also testing a low… Read More
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The value of technical analysis of stock market trends
Someone asked; how do you use technical analysis (charting) as an investment manager? I’ll share a simple and succinct example. Below is a chart of a popular stock market index. What do you see when… Read More
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Argentina stock market loss is a reminder of single country ETF risk
If we looked at the MSCI Argentina ETF on July 4th, its gains year to date were astonishing. Below is a chart of both iShares MSCI Argentina & Global Exposure ETF (AGT) and Global X… Read More
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Stock Market Observations
The S&P 500 stock index retests October low for the third time. It is only 1.2% above the February and April low, but so far holding the line. We would expect to see some potential… Read More
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What trends are driving emerging markets into a bear market?
In Emerging Markets Reached a Bear Market Level we noted the emerging markets index has declined -20%, which is considered to be in bear market territory. The emerging markets index includes 24 countries classified as emerging countries. To… Read More
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Emerging Markets Reached a Bear Market Level, or is it a Continuation of a Secular Bear Market?
An emerging market is a country that has some characteristics of a developed market but does not satisfy standards to be termed a developed market. The MSCI Emerging Markets Index covers more than 800 securities… Read More