Kevin Cook, from Peak 6 Investments, gave an interview to CNBC this morning weighing in on what he thought the market’s reaction will be to the FED statement today. He states that, “Ben (Bernanke) and company better give a nod to inflation expectations, so that we know that they’re at least looking ahead.” Kevin then goes into where he feels the market is heading. He feels that there are allot of buyers for the S&P 500 at the 880-850 level and feels that we will see a high of 950 this July, and a high of 1000 for Read more…
ETF BASIC NEWS, SPY, SSO, video
Leveraged ETF’s are a growing phenomenon that investors can’t seem get enough of. There are many critics of these investing tools, as some investors use them as a gambling vehicle or don’t know what they are investing in. The gain in popularity of leveraged ETF’s has now sent them global. Europe has launched the first leveraged funds to follow their indexes. Read more…
ETF BASIC NEWS
BUFFALO, N.Y., June 23 /PRNewswire/ — P&A Retirement Plan Services is expanding its open architecture product matrix to focus on the fee based advisor channel. They have partnered with the CIF Marketplace to supplement their traditional mutual fund and ETF product base with a limited selection of both core and managed collective investment funds (“CIFs”).
FULL STORY
ETF BASIC NEWS
With all the chatter about health care reform coming out of Washington, now may be a great time to consider health care-related investments.
Most investors look to big pharmaceutical companies for health care exposure. That was the old way of profiting from the medical arena. While these stocks are usually considered blue chips, they face a toxic combination of competition from generic drug makers and their own empty new-drug pipelines. Think about it: When was the last time Merck (MRK) or Pfizer (PFE) released a true blockbuster drug? Answer: It’s been a while.
FULL STORY
ETF BASIC NEWS
The iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) continue to act well, suggesting equity traders might be getting increasingly afraid of something… and need to buy some safety. Although existing home sales are showing some sign of life now, Mr. (Bond) Market does not seem to care. The TLTs continue to climb off of last Friday’s pullback low at 90.11 and appear headed for a confrontation with the Dec ’08-present resistance line, now at 94.20. A close above 94.20 will be a very bullish technical event near-term and will project the TLT to 96.60 next.
FULL STORY
ETF BASIC NEWS
June 23 (Bloomberg) — Gold rose as a weaker dollar revived demand for the precious metal as an alternative investment. Silver also gained.
The U.S. Dollar Index, a six-currency gauge of the greenback’s value, fell as much as 1.3 percent after yesterday rising the most in a week. Gold, which earlier slid to the lowest in six weeks, typically moves inversely to the dollar.
FULL STORY
ETF BASIC NEWS
We have been large fans of exchange-traded funds, exchange-traded notes, and other exchange-traded instruments which are open for trade throughout the day that are allowed to be invested in just like a stock. But with all new and growing markets, there are risks that need to be kept in check. There are some leveraged ETF’s and their inverse counterparts which might need to see reverse share splits in the near future. The notion of so many low-priced shares being so active may wreak havoc as the funds managing each ETF try to keep up with appropriate derivatives and in buying and selling shares of the components that are supposed to be the underlying securities. There are even a few ETF’s which should probably just be closed down entirely and liquidated to holders. Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are both prime examples of ETFs which skew total daily exchange trading volume numbers because of low share prices today and massive trading volume. This is not meant to pick on the fund groups because they created trading vehicles which they did not expect to see some of these moves. There are many more ETFs and ETNs to consider here.
FULL STORY
ETF BASIC NEWS
FLORIDA: Major signs of recovery are visible for specific exotic currencies including the Brazilian Real, according to World Currency Watch editor, Ashish Advani.
The Central Bank of Brazil (BACEN) just reported net FX flows into Brazil through June 12. In the first half of June, commercial surplus was driving the net FX flows. That surplus amounted to $866 million, which was four times larger than the net financial outflow right now (or $205 million).
FULL STORY
ETF BASIC NEWS
So FINRA has finally decided to warn brokers to warn their customers about leveraged ETFs. I covered this subject a long time ago. Back then, I noted that the math will never add up. It can’t. For these funds to work as people expect them beyond a day, the leverage would have to be some multiple of the logarithm of the price change, not a multiple of the percent price change. It’s a subtle difference, but over a period of more than a day, it makes a gigantic impact.
FULL STORY
ETF BASIC NEWS
Wall Street is the place to find all sorts of investments you never knew you needed. If a segment of the stock market can be sliced, diced, or julienned, you can count on the professionals to come up with a way to do it
FULL STORY
ETF BASIC NEWS
What effect will a heatwave have on nat gas?
The price of natural gas for July delivery fell seven cents to $3.87 per million British thermal units Tuesday, as several Stockhouse posters weighed in on factors that may affect the commodity’s price, including the weather.
FULL STORY
ETF BASIC NEWS
While most sectors of the stock market have rallied sharply from their lows in March, one sector stands out: the people who manage other people’s money. Mutual fund companies such as T. Rowe Price ( TROW – news - people ), private equity managers such as Blackstone ( BX – news - people ) and index shops like State Street ( STT – news - people ) have all bounced by more than 35% in the last three months. Capping that whiplash performance is BlackRock’s merger with Barclays Global Investors, which will create the world’s largest asset-management company.
FULL STORY
ETF BASIC NEWS
SAN FRANCISCO, CA — 06/23/09 — Barclays Global Investors, N.A. (BGI), the world’s largest Exchange Traded Funds (ETFs) provider(1), announced today that Markit Group has announced changes to the iBoxx® $ Liquid High Yield Index. Barclays Global Fund Advisors (BGFA) intends to continue to manage the iShares iBoxx $ High Yield Corporate Bond Fund (NYSE Arca: HYG) so as to seek investment results that correspond generally to the price and yield performance, before fees and expenses, of the U.S. dollar denominated high yield corporate bond market as defined by the iBoxx® $ Liquid High Yield Index. BGFA also intends to manage the Fund in a manner designed to minimize turnover and maximize cost- and tax-efficiencies.
FULL STORY
ETF BASIC NEWS
The iShares S&P Emerging Markets Infrastructure Index Fund (EMIF – commentary – Trade Now) began trading Friday on the New York Stock Exchange. EMIF represents iShares’ recent grab at the bullish infrastructure market, specifically focusing on larger emerging markets. In fact, about 90% of the fund is contained within a core cluster of seven countries. China represents one-third of EMIF’s assets, while Brazil, Argentina and South Korea collectively make up another third. Malaysia, Chile and the Czech Republic account for a majority of the remaining shares, with the last 10% representing a wide variety of smaller emerging countries.
FULL STORY
ETF BASIC NEWS
The Taiwan Stock Exchange said it will allow the first dual listing of an exchange-traded fund from Hong Kong by next month. CSI 300 China Tracker, a Hong Kong ETF, may be listed in Taiwan “around July 20,” Schive Chi, chairman of the Taiwan bourse, told reporters in Taipei yesterday. The fund is managed by BOCI-Prudential Asset Management Ltd.
FULL STORY
ETF BASIC NEWS
Most Comments