Narrations of a Sector ETF Operator | The Dance Between Rates and Commodities Prices Continues
Why are rates moving lower while commodities prices are moving higher? Our thought experiment leads us to a negative conclusion.
Analysis
Thematic Thursday Report: Millennial Consumer Fund (MILN) Deep Dive
February 13, 2025 We are excited to introduce a new flavor of our “Thematic Thursday” cyclical, the Deep Dive, where we look through to the stocks and fundamental characteristics that are driving performance in the most notable thematic funds. MILN: A Standout Performer over the Past 6-Months We start our new feature with MILN, the
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Tactical Tuesday Report: Growth or Value Leadership, We Review our Indicators
The S&P 500 continues to move sideways across its long-term uptrend channel (chart below). After hitting uptrend channel resistance, it looks like prices are consolidating sideways in a bid to correct the trend in time rather than price. The 200-day moving average, currently at 5665, is a good proxy for trend channel support and we’ve
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Narrations of a Sector ETF Operator | The Consumer is the Pivot
February 10, 2025 The S&P 500 continues in a consolidation pattern that started in early December. The index made a marginal new high on January 23rd, but the buyer couldn’t sustain above that level for longer than a day. The move sets up a negative momentum divergence in the RSI and MACD oscillators (chart below,
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Thematic Thursday Report: Growth Focused Themes still in the Driver’s Seat, January 30. 2025
One of the most popular categories of funds available to investors are those offering thematic exposure. This category leverages a specific theme or themes that have gained traction economically and within popular culture. Thematic ETFs range from the speculative (ARKX Space Exploration & Innovation ETF) to things we take for granted (Global X Infrastructure Development
Tactical Tuesday Report: Identifying Potential Support Levels for Big Tech, January 28, 2025
Big Tech is under pressure in the near-term with charts showing potential for a deeper correction.
Narrations of a Sector ETF Operator | Lessons Learned from our January Elev8 Trades, January 26, 2025
US equities have moved a lot but gone basically nowhere over the past three weeks. These consolidations, especially if they are volatile, can be problematic for a trend-following portfolio allocation model like Elev8. It is the nature of trend following strategies that pivot points for trend change are also ideal accumulation points if the current
Worldwide Wednesday: Rising Rates have Leveled the Playing Field Between US and ex-US Equities, January 22, 2025
US Large Cap. outperformance vs. the MSCI World Index has plateaued. We think higher rates domestically would likely benefit ex-US equity performance as well as the average US stock pursuant to our big theme “Mega Cap. Growth vs. Everything Else”
Narrations of a Sector ETF Operator | We Think it’s Still All About the Direction of Rates, January 20, 2025
Above 4.7% on the 10yr Yield, equities are likely to run into trouble. Below 4.5% is likely a green light for the bull.
Tactical Tuesday Report: Rates have Potential Upside to near 6%, Energy and Healthcare Sectors are Likely Beneficiaries, January 14, 2025
The macro picture changed last week as persistently strong economic data has driven interest rates above 2024 highs to start the new year. Crude and Commodities prices have firmed in the near-term as investors position for a more inflationary environment and Growth areas of the equity market come under renewed pressure. At the sector level,
