|Bid||107.66 x 3000|
|Ask||107.67 x 1000|
|Day's Range||107.53 - 107.71|
|52 Week Range||103.94 - 107.74|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.05%|
This is the case for all asset classes, whether it's equities or fixed income. One of the challenging aspects advisors face with this more cautious investor is the plethora of options available, especially in the exchange-traded fund (ETF) space. Where are the opportunities in equities and bonds in ETFs given the current market landscape?
U.S. bonds rose on Tuesday after data from the Institute for Supply Management revealed that the services sector expanded by 5.3 percent during the month of February, according to its non-manufacturing index. According to Larry Milstein, head of government and agency trading at R.W. Pressprich & Co, bond investors are basically taking a wait-and-see approach with respect to interest rates before making any moves. Last week, Federal Reserve Chairman Jerome Powell said that “crosscurrents and conflicting signals” are warranting a patient approach with respect to interest rate policy.
Why Ray Dalio Is Less Worried about a US Recession NowRecession fears One of the key market questions on investors’ and market participants’ minds is if we will enter a recession in 2019 or 2020. As the US equity markets (IVV) joined the global
With 2018’s year-end sell-offs in U.S. equities, investors are giving value investing a closer look in 2019. While investors are flocking to safe haven assets like bonds, there’s still a need for products that capture the upside potential in U.S. equities. As a result of 2018’s bull market run, the quality factor often goes overlooked compared to growth and value, but with market volatility still a primary consideration and many investors favoring defensive sectors, quality stocks and the related ETFs are worth examining in 2019.
Gundlach: Could US Economic Indicators Be Signaling a Recession?(Continued from Prior Part)Gundlach still thinks we’re in a bear marketIn December, Gundlach said, “I’m pretty sure this is a bear market.” He pointed out that even FAANG
Gundlach: Could US Economic Indicators Be Signaling a Recession?(Continued from Prior Part)Gundlach on diversification Jeffrey Gundlach’s mutual fund company, DoubleLine Capital, primarily invests in fixed income. When asked by Yahoo Finance about
Buffett versus Dalio on Gold: Whose Advice Should You Take?(Continued from Prior Part)Highest central bank buying in 50 years According to the gold demand trend for Q4 2018 released by the World Gold Council, central banks are on the biggest gold
Where Druckenmiller Suggests Investing amid Market Fluctuation(Continued from Prior Part)Stanley Druckenmiller’s adviceStanley Druckenmiller shared his views on markets and the economy with Bloomberg TV in December. While the market environment
Forget about cut in expense ratios. Brokers are now engaged in bringing up torrents of commission-free ETFs on their trading platform.
BAML Survey: Fund Managers Aren't Optimistic about Recent RallyBAML survey and fund managers BAML (Bank of America Merrill Lynch) conducted a survey that polled 218 global investors with $625 billion in total assets under management between February
In this latest "In The Know" update featuring market themes and opportunities, Samantha Azzarello, Global Market Strategist at JP Morgan ETFs, discussed opportunities investors can look to for guidance in 2019, particularly when it comes to fixed income. “We’re at the beginning of late stages,” said Azzarello. One corner of the bond market that especially saw an influx of capital was short duration bonds.
Do These Factors Point to a Strong Start for Gold in 2019?(Continued from Prior Part)Highest central bank buying in 50 yearsAccording to the gold demand trend released by the World Gold Council on January 31, annual gold demand increased by 4% in
January’s Jobs Report: Analysts' Expectations(Continued from Prior Part)Wage growth in JanuaryWage growth will likely be the most closely watched component of the US (VOO) jobs report. While the other components of the jobs report have shown a
Ray Dalio Thinks a Recession Is ComingRay Dalio’s take on ChinaBridgewater Associates founder Ray Dalio is in Davos, Switzerland, for the World Economic Forum (or WEF), where he offered his take on the slowdown in China and how it could impact
Over the last decade, the ETF emerged as one of the most popular investment vehicles. “ETF” stands for exchange-traded fund, which is a type of security that tracks an index, bonds, commodities, currencies, ...
January BAML Survey: Fund Managers Bearish, but No Recession Yet(Continued from Prior Part)Concerns about corporate leverageAs reported by CNBC, according to the Bank of America Merrill Lynch survey for January, hedge fund managers’ chief concern
January BAML Survey: Fund Managers Bearish, but No Recession YetBAML survey and fund managersBAML (Bank of America Merrill Lynch) conducted a survey that polled 234 global investors with $645 billion in total assets under management between January
Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? (Continued from Prior Part) ## Gundlach speaks on Fed rates Speaking to CNBC in December 2018, Jeffrey Gundlach said of the Federal Reserve, “I think they shouldn’t raise [rates] this week. The bond market is basically saying, ‘Fed, you’ve got no way you should be raising interest rates.’” Gundlach added that the Fed shouldn’t have kept rates (AGG) so low for so long. The Fed not only raised the rate by 25 basis points on December 19, but it also signaled two rate hikes for 2019 and generally sounded more hawkish than expected. The markets tanked for days after the Fed scare. ## Gundlach: Fed erred After the hike, Gundlach told CNBC that Powell had made two mistakes during his news conference. The first was suggesting that quantitative tightening is on autopilot, which undermined investors’ confidence in the Fed being able to take proactive and flexible measures to support the economy. The second was talking too much about economic modeling. ## Fed versus markets On his January 8 webcast, Gundlach discussed the difference between the Fed’s tightening agenda as reflected in its dot plot and the market’s expectations. Gundlach highlighted that the market-implied rate hike probability fell after Powell mentioned that the Fed would be more patient with policy and would monitor the economy closely. As reported by zerohedge, he said that Powell “went from pragmatic Powell to Powell put and the markets have been throwing a party since then.” In the past few years, one of the factors fueling US equity markets (SPY) (QQQ) has been cheap money. The main concern for the markets about the Fed’s hawkish stance has been that the end of easy money could put the brakes on the economy. That’s why the signals of a more dovish Fed have pleased the markets. Read Why a Fed Policy Mistake Is Worrying Markets for more on this topic. Continue to Next Part Browse this series on Market Realist: * Part 1 - Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 3 - Gundlach: Junk Bond Market Is Flashing Yellow on Recession
Dimon Says Market Overreacted and Predicts Decent Growth in 2019 ## Jamie Dimon thinks markets overreacted Jamie Dimon, the chair and CEO of JPMorgan Chase (JPM), believes that the recent market sell-off was an overreaction and there is no recession on the immediate horizon. During an interview with Fox Business on January 7, which was released today, he said the markets are overreacting to short-term sentiment around a whole bunch of complex issues. He, however, added that some of that was a “rational response” to concerns about slower growth, higher chances of recession, and trade conflict. ## Debt markets He mentioned that while the lack of deleveraging and the liquidation of the debt markets were mainly responsible for the US economy (IVV) (QQQ) getting into trouble in 2008, now we are facing a lack of bond issuance (HYG) (AGG). He added that in December as growth slowed down, people got scared and issuers didn’t issue, leading to widening credit spreads. He believes that this will change and is more of a normalization process after abnormally low spreads for a long time. December 2018 was the worst December for stocks since 1931. The major concerns plaguing the markets (SPY) include the ongoing US-China trade war, a possibility of monetary policy mistakes from the Fed, earnings (QQQ) deceleration, China’s (FXI) slowdown, and a potential global slowdown. ## Decent growth in 2019 Dimon also sounded optimistic about the other indicators for the US economy (DIA) such as a job market with more jobs and higher wages. He also thinks that consumer spending is also quite strong at this time. Apart from this, he thinks the Fed’s more accommodative response recently, strong earnings, and firm employment market would mean that America could see decent growth in 2019.