|Bid||54.69 x 1200|
|Ask||54.72 x 1000|
|Day's Range||55.02 - 55.02|
|52 Week Range||47.83 - 55.47|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||1.24%|
|Beta (5Y Monthly)||0.00|
|Expense Ratio (net)||0.55%|
U.S. equities were sitting on top of the throne in 2019 like King Midas with a golden year of gains, but 2020 could be the year where stocks turn into King Modest. On a monthly basis, the Index will rebalance such that the weight of the Long Component is equal to 150 percent and the weight of the Short Component is equal to 50 percent of the Index value.
Does this mean a movement into U.S. equities will outpace international equities? The bull market is getting longer in the tooth and there could one final surge into equities before it finally runs out of steam. With the Dow Jones Industrial Average rising 22% in 2019 and the S&P 500 up 28%, it’s hard to argue against diving headfirst back into the stock market.
More local governments are supporting initiatives to increase the minimum wage rate with help from campaigns like the Fight for $15, which seeks to raise wages for fast food workers—a movement that was first launched in New York City in 2012.
The U.S.-China trade war, inverted yield curves and slowing global growth provided a backdrop for a possible recession to come, but that may not be so according to global investment firm Goldman Sachs. ...
Too much of anything can be detrimental to one’s health, but is there such as thing as too much optimism when it comes to U.S. equities? According to Jack Manley, global market strategist for JP Morgan Asset Management, there could be too much optimism fueling the markets after a U.S.-China “phase one” trade deal. Treasury Secretary Steve Mnuchin reiterated confidence that a “phase one” deal would be signed as soon as January 2020.
Combined with the markets essentially muting the effects from an impeachment of U.S. President Donald Trump by the House of Representatives, the market should keep rallying through to the new year. “The market is going to go up into the end of the year,” said Alicia Levine, chief strategist at BNY Mellon Investment Management.
U.S. equities were lifted on Thursday thanks to a “phase one” trade deal agreed to in principle between the U.S. and China after it looked like trade talks could be prolonged and even stretch through 2020. Looking forward, can this “phase one” deal continue to propel U.S. equities through the new year? "The key point is that we're in a world of binary outcomes," Fabiana Fedeli, head of fundamental equities at Robeco, told CNN Business.
With 2019 headed for a curtain call, investors are still keeping their eyes fixated on a U.S.-China trade deal, which could sway the tide for U.S. equities. December 15, in particular, will be closely watch as the proposed deadline for a “phase one” deal agreed upon by the U.S. and China in October. In the meantime, investors are also eyeing the actions of the Fed who will conclude their last two-day policy meeting for 2019.
The markets, at times, exhibit uneven performances, and investors have been able to capitalize on the disparate returns in varying segments through ETFs that incorporate a relative weight strategy.
U.S. President Donald Trump said he’s not in a rush to force a trade deal with China while the capital markets were expecting a deal completed by December. “I don’t think it would cause a big swing one way or another,” said Art Cashin of UBS. U.S. equities could be lifted by news that talks between Trump and Chinese president Xi Jinping are ongoing.
U.S. equities are ending the year with record highs in the major indexes like the Nasdaq Composite and S&P 500, but December could end up being the proverbial cherry on top, which could make it a month to remember to end a strong 2019. The S&P is up 1.6% on average.
U.S. Gross domestic product (GDP) grew at a 2.1% annual pace in the third quarter, which came out higher than the anticipated 1.9%, but business investment languished with nonresidential fixed investment falling by 2.7%. Will those hold back U.S. equities? "Slowing investment is mainly due to heightened uncertainty over the future direction of US trade policy, as well as slowing external demand amid a cooling of the global economy," said Agathe Demarais, the global forecasting director at the Economist Intelligence Unit.
Whether it’s trade wars, an impeachment charge against U.S. President Donald Trump and other market concerns, CNBC’s “Mad Money” host Jim Cramer doesn’t foresee anything that will get in the way of more stock market gains—a potential opportunity to play the Direxion FTSE Russell US Over International ETF (RWUI) . In particular, Cramer doesn’t foresee the big chain retailers in a world of hurt. “The big guys in retail are doing just fine. Walmart, Target, Amazon, Costco simply haven’t felt the pain,” the “Mad Money” Cramer said.
The S&P 500 and Nasdaq Composite rallied to new highs to begin the shortened trading week ahead of Thanksgiving, but can the rally sustain itself through the rest of 2019? Trade war pessimism and recession fears may be offering gloomy forecasts for U.S. equities in 2020, but global investment firm Goldman Sachs is painting a more positive picture.
In Direxion Investments' latest Relative Weight Spotlight, investors looked to add more international exposure as ETFs from abroad took in more capital in the month of October. "Notably, ETF investors continue to play defense in the aggregate as fixed income ETFs continue to take in the lion’s share of flows compared to equity ETFs," the post said. For example, after outperforming for two months, investors added more capital to international developed markets compared to U.S. exposures.
All three major indexes have reached record highs recently with the Nasdaq Composite being the most recent as it rode the strength of tech-focused equities to a new high in Tuesday's trading session. All this creates an opportunity for investors to capitalize on the Direxion FTSE Russell US Over International ETF (RWUI) .
Trade war pessimism and recession fears may be offering gloomy forecasts for U.S. equities in 2020, but global investment firm Goldman Sachs is painting a more positive picture. “The equity market is anticipating an acceleration in US economic growth during the coming months,” said David Kostin, Goldman’s chief U.S. equity. The markets have been in flux on trade war news.
The markets are riding a tailwind of positive news from White House Economic Adviser Larry Kudlow saying that the U.S. and China are close to striking a trade deal. “Given all of those positives, I think that is unreasonable to expect that we’re going to continue to have the kind of momentum that we’ve had of late,” said Michael Yoshikami, CEO and founder of Destination Wealth Management. For investors who are bullish on international equities outperforming U.S. equities, this sets up a play for relative weight ETFs.
Major U.S. indexes are roaring to new highs with the S&P 500 and Dow Jones Industrial Average feeding off strength in the market optimism from a U.S.-China trade deal. Whether emerging or developed, international markets have been trailing U.S. equities in the past 10 years, but the tide could finally be turning. “International stocks, both in emerging markets and developed markets, have significantly underperformed U.S. stocks over the past decade,” wrote Andres Cardenal in Seeking Alpha.
The champagne has been popping in U.S. equities after the Dow Jones Industrial Average and S&P 500 rallied to new highs, but the bartender may be announcing the last call sooner than investors think. A gloomy earnings outlook could tamp down gains for U.S. equities moving forward from a better-than-anticipated third quarter. According to a CNBC report, companies comprising the S&P 500 “now expect to grow their earnings by less than 1% year over year, compared with a 23% growth rate just 14 months ago, the bank pointed out.
As U.S.-China trade deal negotiations were unraveling, yield curves inverting and investors were piling into bonds, it didn't seem long ago that recession talks were swirling in the capital markets. What a difference a season makes--fall arrives and now U.S. equities are extending their gains with the S&P 500 reaching a new high. Some analysts feel investors can sense that the good times are fleeting, but the market could be saying something else.
The markets cheered a rate cut to end Wednesday’s session, but were greeted to red indexes on Thursday as the outlook for a long-term U.S.-China trade deal turned gloomy on Halloween. Despite better-than-expected ...
All this creates an opportunity for investors to capitalize on the Direxion FTSE Russell US Over International ETF (RWUI) . After high level telephone discussions, the U.S. and China are “close to finalizing” parts of the initial trade agreement agreed upon by the two largest economies on Oct. 11. According to a CNBC report, a U.S. Trade Representative said these talks would continue.
Inverted yield curves from the bond market, a reliable recession indicator, could be a sign and the ballooning budget deficit could be another, which could hurt U.S. equities in the long run. "The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth," a Washington Post report said. "The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years," the report added.
Investors aren't the only ones looking closely at the U.S.-China trade war as the world authority on finances, the International Monetary Fund (IMF), is keeping a close watch on negotiations. If the trade war remains unresolved, the IMF is predicting that global growth will decline to its lowest level since the financial crisis in 2008. Per the IMF's most recent World Economic Outlook projection, it reveals that 2019 GDP will grow at a rate of 3.0%, which is less than the 3.2% projection in July.