October 4, 2019 Weekly Market Recap

August 31, 2018 Weekly Market Recap

The markets staged an impressive comeback rally on Friday, though the S&P 500 still declined 0.3% for the week. Several economic reports reawakened growth concerns and contributed to heavy selling, but the market was able to end the week on a positive note following decent employment data for September. The Dow Jones Industrial Average lost 0.9%, and the Russell 2000 lost 1.3%. The Nasdaq Composite increased 0.5%. Five S&P 500 sectors finished lower, while six finished higher. The energy (-3.8%), materials (-2.5%), industrials (-2.4%), and financials (-2.2%) sectors posted big…

Great Infrastructure Legislation For This ETF

Great Infrastructure Legislation For This ETF

Bipartisanship is hard to come by on Capitol Hill these days, but one issue that has the potential to unite politicians from both sides of the aisle, albeit temporarily, is infrastructure and that’s goods news for some ETFs, including the FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA B+). NFRA tries to reflect the performance of the STOXX Global Broad Infrastructure Index, which identifies equities that derive the majority of revenue from infrastructure business, providing exposure to not only infrastructure sectors, but non-traditional ones as well. “But as politicians in…

Gold Hits a 2-Week High on World Recession Fears

Gold Hits a 2-Week High on World Recession Fears

Market volatility has certainly fueled the gains for gold in 2019 as global recession fears continue to push investors toward safe-haven assets. Gold hit a two-week high to start this week’s trading session following week economic data stemming from Europe. Per a CNBC report, “Spot gold was up 0.5% at $1,524.71 per ounce, after hitting its highest since Sept. 6. U.S. gold futures rose 1.1% to $1,532.40 an ounce.” Furthermore, the German private sector took a hit as activity shrank for the first time in over six years during the month of September.…

SoFi Refunds Investors Hit Proprietary ETFs Gains

SoFi Refunds Investors Hit Proprietary ETFs Gains

Financial technology company SoFi is offering refunds to investors hit by capital gains taxes following the change of replacing Vanguard funds with their proprietary ETFs in certain portfolios managed by their robo-adviser. While SoFi maintains the moves were made with the clients’ best interests in mind, they will still offer the refunds to those investors affected by the changes, which were done earlier this year. “In keeping with our commitments to put your interests first and to help you get your money right, we decided to take this action in…

Wrapping Up Q3 Trends and Opportunities

Wrapping Up Q3 Trends and Opportunities

There has been a lot of discussion concerning the investment landscape, thanks to segments found in the latest “In the Know” quarterly series. ETF Trends, NYSE, CFRA Research and J.P. Morgan Asset Management have done plenty to delve into analysis concerning late-cycle investment opportunities and risks that arrive with the recent market volatility. With ETF Trends CEO Tom Lydon joined by industry experts Doug Yones, head of exchange traded products at NYSE, Sam Stovall, Chief Investment Strategist at CFRA Research, and Josh Rogers, Beta Specialist at J.P. Morgan Asset Management,…