The bull trend and the macro picture continue to be constructive, but there are signs that sector leadership could swing away from Technology and Mega Cap. Growth shares.
Narrations of a Sector ETF Operator | Weekly Market Letter, October 20, 2024 Read More »
The S&P500 was up 0.85% for the week, upbeat results from financial firms, and airlines, along with a profitable quarter for Netflix, were a few of the drivers of positive performance in the index. Utilities sector bounced back after being the worst performer last week, gaining 3.4%. Dominion Energy (+6.6%) and Duke Energy (+5.8%) performed the
Performance Summary: Week ending October 18th, 2024 Read More »
The forward direction of rates will likely have a big impact on leadership. We’d expect a mix of defense (on inflationary recession fears) and Value (on inflationary growth scenarios) to outperform with rates rising. We’d expect Growth factor exposures to outperform if rates end the year on a 3-handle.
Factor Friday: Rising Rates have Coincided with Value Outperformance, October 18, 2024 Read More »
ETFsector.com Daily Trading Outlook, October 18th, 2024 S&P futures are up 0.2% in Friday morning trading. Friday’s focus is on positive results from Netflix (NFLX), strong Apple (AAPL) iPhone sales in China, and better-than-expected Q3 GDP and activity data from China, alongside the implementation of stimulus measures. Markets remain quiet ahead of two peak weeks
ETFsector.com Daily Trading Outlook, October 18th, 2024 Read More »
S&P futures are up 0.4% in Thursday morning trading, following Wednesday’s gains in US equities, driven by a cyclical rotation favoring small-caps, financials, airlines, and builders, while semicap equipment continued to lag and big tech underperformed. Asian markets were mostly lower overnight, with Hong Kong and China down ~1%, while European markets were up ~0.8%.
ETFsector.com Daily Trading Outlook, October 17th, 2024 Read More »
The technical bullish reversal in Chinese shares remains intact. Now at an accumulation point.
Worldwide Wednesday, October 16, 2024 Read More »
S&P futures are little changed in Wednesday morning trading, following a mostly lower session for US equities on Tuesday. Semiconductors, energy, managed care, and China-exposed stocks were notable laggards, while banks, REITs, utilities, and staples performed better. Treasuries strengthened as global bond yields dipped, partly due to cooler UK inflation data. No significant directional drivers
ETFsector.com Daily Trading Outlook, October 16th, 2024 Read More »
Utilities still look overbought, investors are skeptical of stronger commodities prices, bull trend continues to look intact
S&P futures little changed in Tuesday morning trading. Comes after US equities finished higher to start the week with S&P 500 notching its 46th ATH of 2024. However, some focus on very light volumes. Tech a standout on semi strength, while utilities also rallied more than 1%. Treasuries firmer with curve flattening. Dollar index down
ETFsector.com Daily Trading Outlook, October 15th, 2024 Read More »
S&P futures are up 0.1% in Monday morning trading after US equities ended last week higher, with the Dow, S&P, and Nasdaq all up over 1%. This marked five consecutive weeks of gains for all three indices. In Asia, markets were mostly higher overnight, with China standing out as Shanghai surged over 2% and Shenzhen
ETFsector.com Daily Trading Outlook, October 14th, 2024 Read More »
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