How Can the Stock Market Rally When Equity Funds See Outflows?

By David Lebovitz via Iris.xyz The close of second quarter 2019 marked the 10-year anniversary of the end of the Great Recession. This officially makes this economic cycle the longest continuous expansion in U.S. history, surpassing the previous economic upswing that lasted from March 1991 to March 2001. This reality leads many prognosticators to worry that the aged economic cycle is nearing its expiration date. But as we have been saying for some time, we don’t believe the mere passage of time is a useful indicator of a looming recession.…

Nasdaq Should Reach 8031 Before Topping

By Chris Vermeulen via Iris.xyz. With earnings data starting to hit the markets and recent news that China’s economic activity levels shrank to levels not seen in nearly 30 years, we believe our proprietary Fibonacci price modeling system is showing us a target level in the NASDAQ (NQ) that will likely be reached within the next 7 to 10 days. We believe once this target level is reached, the US stock market will immediately begin an extended topping formation with sideways price action and increased volatility) which will culminate in our August…

VanEck Refreshes Alternative Energy ETF, Changes Ticker

The VanEck Vectors Global Alternative Energy ETF is now the VanEck Vectors Low Carbon Energy ETF (SMOG n/a), a change that took place last week. The smartly-tickered SMOG tracks the Ardour Global Index Extra Liquid (AGIXLT). “The index is intended to track the overall performance of low carbon energy companies which are those companies primarily engaged in alternative energy which includes power derived principally from bio-fuels (such as ethanol), wind, solar, hydro and geothermal sources and also includes the various technologies that support the production, use and storage of these…

Big Differences In Retail ETFs

As we wrap up a two-day shopping spree called Amazon Prime Day(s), all eyes are on Amazon stock prices, now up 33% in 2019, nearing one-year highs. The big sales event at Amazon came in the same week another strong round of retail sales numbers hit the market, showing that consumers are spending their discretionary money. And consumer spending is a key driver of economic growth. Accessing Amazon—and more broadly, the retail segment—is easy through ETFs. But choices in this segment are delivering very different results. There are 223 ETFs…

Healthcare ETFs Plot Comebacks

Healthcare ETFs Plot Comebacks

The Health Care Select Sector SPDR ETF (XLV A), the largest exchange traded fund (ETF) dedicated to the sector, is up 7.09% this year and trailing the S&P 500, but the healthcare sector could be poised for bigger things in the second half of 2019. Among other factors, XLV and friends have been dogged this year by speculation that Medicare For All could become a reality if Democrats win the White House in 2020. Many of the most visible Democratic contenders for that party’s 2020 presidential nomination are embracing Medicare…