ETF Action Research

10.23.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY) gains 0.55% but still remains negative on the week
• Energy (XLE +4.13%) and Banks (KBE +4.12%) lead U.S. sectors & industries
• Utilities still in overbought territory (14-day RSI)
• U.S. Aggregate (AGG) falls 18 basis points as 10-year treasury yield sits at 0.86%

10.23.2020

Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.

• Chinese fintech giant Lufax seeks up to $2.36 billion in U.S. IPO - CNBC
• Renault Beats Revenue Estimates as Electric-Car Sales Surge - Bloomberg
• It May Be Time to Dip Into Thailand's Stock Market. Tread Lightly. - Barron's
• Housing Boom May Not Outlast Covid Crisis - WSJ

10.22.2020

Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.

• Cybersecurity firm finds hacker selling info on 148 million U.S. voters - CNBC
• China Has Copper Flyinig Like a FANG Stock - Bloomberg Opinion
• Are China's Bonds as Safe as Treasuries? Not Quite. But They're Closer Than You Think. - Barron's
• Tesla Stock Price Still Makes No Sense - WSJ

10.22.2020

Breakdown of the previous day's market action through the lens of ETFs

• Large-cap growth leads (IVW -0.14%) while all sizes and styles fall
• Comm Services (XLC +1.68%) tops U.S. sectors & industries with help from Twitter (TWTR +8.39%)
• Chile (ECH) and Colombia (GXG) top performing countries this week; up 5.06% and 4.06%, respectively
• Gold rises 75 basis points and up 26% YTD but flows have slowed since the spring/summer months

10.21.2020

Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.

• JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants - CNBC
• GM Debuts Electric Hummer Pickup With $80,000 Starting Price - Bloomberg
• Why the Man Who Saw Through the Enron Fraud Likes Virgin Galactic Stock - Barron's
• At These Prices, Procter Is a Gamble - WSJ

10.21.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY +0.40%) leads major averages higher, (QQQ +0.21%, DIA +0.33%)
• Cyclical industries lead; Oil & Gas industries up over 2% (XES +2.72%, XOP +2.13%)
• Developed ex-U.S. (VEA) lagging U.S. and EM by nearly 4% over last month as covid cases surge 
• Dollar remains hovering near its 50 day moving average, falls 32 bps

10.20.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY) slides -1.52% as stimulus discussions continue to make little progress
• All U.S. sectors & industries decline; Semiconductors lead (XSD -0.16%)
• Energy sector approaching oversold territory (again); 52% off of 52-week high
• Natural gas (UNG +5.31%) & Cotton (BAL +8.13%) top performing commodities over past month

10.20.2020

Major macroeconomic releases for the prior and upcoming weeks accompanied by historical macroeconomic data and chart books

• September Retail Sales stronger than expected; advance for fifth consecutive month
• Jobless claims hit highest level since late August as labor market recovery slows
• Week ahead: Housing data in focus with HMI, Housing Starts, Existing Home Sales