Walmart Has Made a Genius Move to Beat Amazon

By Stephen McBride I ordered Powerbeats earbuds from Amazon the other day. As a Prime member, I got them to my doorstep in Stowe, Vermont the next day for free. When I unpacked the box, one of the accessories was missing. I called Amazon’s customer service to get a replacement sorted out. But what I was told raised my eyebrows: “We’ll make a one-time exception. Keep the earbuds and we’ll issue you a full refund right now.” “Why don’t you take them back? They are fine, it’s just the wire…

Day Hagan / Ned Davis Releases Smart Sector ETF ‘SSUS’

On Friday, Day Hagan Asset Management (DH) and Ned Davis Research (NDR), a leading independent provider of global economic and financial analysis, launched a new ETF looking towards long-term appreciation and preservation. The Day Hagan/Ned Davis Research Smart Sector ETF (SSUS) is designed to seek long-term capital appreciation and preservation of capital. A proactive, adaptive strategy, SSUS is incorporated in the U.S. and considered a “fund of funds” that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity ETFs that track the performance…

January 17, 2020 Weekly Market Recap

January 17, 2020 Weekly Market Recap

The stock market plowed to new records this week, as earnings reports, economic data, trade news, and the bullish price action continued to bolster risk sentiment. The S&P 500 (+2.0%), Nasdaq Composite (+2.3%), and Russell 2000 (+2.5%) rose at least 2.0%, and the Dow Jones Industrial Average (+1.8%) followed right behind. Six of the 11 S&P 500 sectors finished with gains of at least 2.0%, including a 3.8% gain in the defensive-oriented utilities sector. The energy sector (-1.1%) was the only sector to finish lower, as oil prices ($58.55/bbl, -0.44,…