Category: ETFs
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This is when passive indexing becomes active
I have long said that many indexes are a black box. If we don’t know what will be added or deleted from the index in advance, the rules driving the changes must be a black… Read More
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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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The normal noise of the market?
We shouldn’t be surprised to see stock prices pull back closer to their average true range in the days ahead. Such a pullback or stall would be normal. Below I highlight the strong momentum Technology… Read More
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Does Your Firm Use Active ETFs?
Christi Shell was recently asked by ETF.com “Does your firm use active ETFs”. Her answer from the interview: Our portfolio manager, Mike Shell, doesn’t currently include active ETFs in our universe of tradeable ETFs, but… Read More
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Global Stock and Bond Market Trends 2Q 2018
Yesterday we shared the 2nd Quarter 2018 Global Investment Markets Review, which used a broad range of indexes on performance tables to present the year-to-date progress of world markets. The issue with a table that simply… Read More
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2nd Quarter 2018 Global Investment Markets Review
It is no surprise to see global equity markets stall after such a positive trend last year. As we will see, the weakness is global and across both bonds and stocks. Before we review the… Read More
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The week in review
In case you missed it, below are all of the observations we shared this week. When there are more directional trend changes and volatility, I find more asymmetries to write about. That’s because I look… Read More
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Is it a stock pickers market?
Sometimes the stock market is trending so strongly that the rising tide lifts all boats. No matter what stocks or stock fund you invest in, it goes up. That was the case much of 2017.… Read More
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Commodities are trending with better momentum than stocks
Commodities are trending with better momentum than stocks over the past year. A commodity is a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. A commodity is a basic… Read More
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Sector ETF Changes: Indexes aren’t so passive
Index funds and ETFs are often called “passive”, but in reality, they aren’t. Indexes change as their committees add and remove stocks or bonds from them. Though we generally know the exposure we can expect… Read More