|Bid||67.54 x 800|
|Ask||77.18 x 36200|
|Day's Range||69.91 - 70.71|
|52 Week Range||68.52 - 77.54|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.81|
|Expense Ratio (net)||0.31%|
Large differences in returns between countries affects choice of active or index management, writes Mark Hulbert.
The global stock market has seen modest gains thus far this year, but that isn’t necessarily good news for the global economy, as the gains are more than entirely attributable to just one market.
Over the past several months, there has been one primary story in the global stock market: the U.S. has done very well, with major indexes rallying to records, while the rest of the world has done very badly, with some major economies entering bear markets.
It has been a decade since the collapse of Lehman Brothers. While governments loosened their purse strings, central banks also took a dovish approach by lowering interest rates and using other monetary policy tools. Fast forward to 2018, the tools available for central banks and governments look limited.
China (FXI) is the world’s biggest copper importer. Copper mining is concentrated in Latin America, and companies including Freeport-McMoRan (FCX), Antofagasta (ANTO), and BHP Billiton (BHP) operate copper mines in the region. Copper prices are seen as an indicator of global economic activity (ACWI).
DAVID SCHASSLER: Each fund, if you think about each fund independently, they share one common philosophy, and that’s there’s certain periods when investors want to be invested, which is most of the time. The neutral allocation is 60% in stocks, 40% in bonds.
Because September is often a drag for the stock market, and a wave of new bond issues this time around could weigh on credit markets, too. As market strategists and our own Randall Forsyth have observed, September has historically been the worst month for U.S. stock market performance. The index "appears vulnerable to rising volatility and downside momentum now that we’ve entered the time of the year when market carnage has been most common," NDR's Tim Hayes, chief global investment strategist, wrote in an Aug. 16 note.
Could Spike in Volatility Make Emerging Market Growth Stumble? The emerging markets sell-off has continued in recent weeks, as the U.S. dollar remains strong amid domestic economic data that supports a case for higher U.S. interest rates. Many emerging markets local currencies have been severely impacted, particularly those of more vulnerable countries and where political risk is rising.
The key developed market economic indicators that investors should watch next week follow: Eurozone manufacturing PMI UK (EWU) manufacturing PMI Spain manufacturing PMI Germany manufacturing PMI US manufacturing PMI Japan manufacturing PMI France manufacturing PMI US ADP employment US (SPY) non-farm payroll report Overview
Although Dan Loeb is feeling positive about market movement, he believes there will be huge obstacles due to the above risks. The intensifying trade war tension between the US (QQQ) and China (FXI) is further adding nervousness to the market movement (SPY) and affecting investors’ sentiment.
Below are the key emerging market economic indicators that were released in the past weeks: Brazil Final Manufacturing PMI Brazil Final Services PMI Mexico Manufacturing PMI India Manufacturing PMI India Final Services PMI Indonesia Manufacturing PMI China Final Manufacturing PMI China Final Services PMI Russia Final Manufacturing PMI Russia Services PMI
After a bumpy ride in the first half of the year, global stocks are bouncing back, with iShares MSCI ACWI Index Fund (NASDAQ:ACWI), which targets the global stock market, up 1% last week. The U.S. stocks, as indicated by SPDR S&P 500 ETF (NYSEARCA:SPY), which tracks the S&P 500 index, is up 1.5% to start the second half versus 0.6% gain for Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU), which targets the international equity market excluding the United States.Source: Investment Zen via Flickr (Modified)
There are various major economic indicators we’ll discuss this week: Eurozone (VGK) final services PMI German (EWG) final services PMI US (SPY) final services PMI UK (EWU) final services PMI Japan (EWJ) final services PMI France (EWQ) final services PMI Spain final services PMI
Stocks across the globe suffered their worst first half of a year since 2010, wiping out trillions of dollars from the MSCI’s 47-country world index. The iShares MSCI ACWI Index Fund (NASDAQ:ACWI), which targets the global stock market, has lost 0.3% year to date and Vanguard FTSE All-World ex-US ETF (NYSEARCA:VEU), targeting the international equity market excluding the United States, has shed about 3.9%.Source: Shutterstock
A few countries have been spared in the global massacre and will likely maintain their strength. As such, we have highlighted those country ETFs that delivered near to double-digit returns in the first half.
The major developed market economic indicators investors should keep an eye on next week are as follows: United States (SPY) manufacturing PMI (purchasing managers’ index) Eurozone (VGK) manufacturing PMI Japan manufacturing PMI United Kingdom (EWU) manufacturing PMI Spain manufacturing PMI Germany manufacturing PMI France manufacturing PMI ADP employment report Non-farm payroll report Series overview
According to data provided by Markit Economics, the final Markit services PMI of India fell in May 2018. It again was in the contraction zone after showing two months of expansion in the past two months. It stood at 49.6 in May as compared to 51.4 in April and didn’t meet the preliminary market estimate of 51.
Major emerging market economic indicators released in the past week include the following: China final manufacturing PMI China final services PMI India manufacturing PMI India final services PMI Brazil final manufacturing PMI Brazil final services PMI Indonesia manufacturing PMI Mexico manufacturing PMI Russia final manufacturing PMI Russia services PMI Series overview
Analysts say that the Fed's intervention and the development of technologies like Amazon.com have made trying to read the market nearly impossible.