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|Day's Range||22.02 - 22.36|
|52 Week Range||17.92 - 26.55|
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S&P Chief Economist Says $2.1 Trillion More Spending Ought to Do The Trick When is there ever too much government spending? According to S&P chief economist Beth Ann Bovino, it looks like never, because she wants $2.1 trillion more in government spending, despite multitrillion dollar deficits already that only look set to get worse. She […]The post Market Morning: S&P Says More Spending, Hong Kong Ping Pong, Riots, Food Prices Soar appeared first on Market Exclusive.
Secretary of State Mike Pompeo told Congress the Trump administration no longer considers Hong Kong as autonomous from China, a move that makes it more likely that the U.S. will withdraw preferential trade and financial status that the city now enjoys.
Exchange-traded funds with exposure to Hong Kong sold off Friday after Beijing said it was considering new security laws that would curtail the territory's autonomy, increasing tensions between China and the U.S. The iShares MSCI Hong Kong ETF fell 5% mid-morning, while the First Trust Hong Kong AlphaDEX Fund [s:FHK] was down 6.4%. The iShares MSCI Pacific ex-Japan ETF , which has only about 32% of its portfolio invested in Hong Kong, still fell more than 2%. All three funds were on track for their steepest weekly decline since the coronavirus market crisis of mid-March.
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term “sell on the pop” opportunity given the longer-term downtrend at hand. Note that this prospect list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
The iShares MSCI Hong Kong ETF (EWH) finished 2019 with a double-digit gain, but that's misleading when considering the ETF slipped more than 7% in the second half of their as geopolitical protests there intensified. The protests began in June across the city after the government proposed a controversial extradition bill, and violence escalated since June. Despite the unrest that has hobbled the local economy, investors may be looking at Hong Kong stocks and related ETFs for the relatively cheap valuations.
Fed Shuffle For the New Year Four voting members of the Federal Open Market Committee will lose their voting rights on the committee in favor of other central bankers who will get a chance to have their own personal say in the money supply of the United States come next year. Judging by the rotation, […]The post Market Morning: Fed Shuffle, Hong Kong Poll, Iraq Protests, Ghosn Flees appeared first on Market Exclusive.
ETF investors and global traders have yanked billions out of Hong Kong markets since April as anti-government protests stretched out and intensified. According to the Bank of England, investors have pulled $5 billion out of Hong Kong, or 1.25% of the Asian financial hub's gross domestic product, due to the growing protests, the Financial Times reports. The iShares MSCI Hong Kong ETF (EWH) has experienced $1.2 billion in outflows over 2019.
Despite the unrest that has hobbled the local economy, investors may be looking at Hong Kong stocks and related ETFs for the relatively cheap valuations. Investors from mainland China have already thrown about $20 billion into Hong Kong’s stock market in less than six months, the Wall Street Journal reports. The purchases are small but still bolstered the Hong Kong stock market, which was worth HK$31.8 trillion at the end of October.
Bill Gates Saves World, Maybe, With AI-Powered Mirrors One of those billionaires that Democratic Presidential candidate Elizabeth Warren believes should not exist may have just found a way to reduce global carbon emissions by up to 75%, assuming every company in the world involved in industrial production gets rid of their fossil-fuel based production methods […]The post Market Morning: Solar Breakthrough, Hong Kong Bill, Alibaba Win, Pimco Sees Deal By Christmas appeared first on Market Exclusive.
Hong Kong ETFs have endured volatile swings as political unrest covered the city, and the disruptions are taking a toll on the economy. The largest Hong Kong ETF, the iShares MSCI Hong Kong ETF (EWH) , declined 6.0% over the past week and only advanced 5.4% year-to-date. Hong Kong anticipates gross domestic product will contract 1.3% in 2019 year-over-year.
China celebrates 70 years of Communist Party rule today. Here are three ETFs traders need to watch as the week-long celebration continue.
While looking for areas of opportunities, investors may want to consider the overlooked Chinese markets and China A-shares exchange traded funds. “A shares have shown remarkable resilience in the recent ...
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term 'sell on the pop' opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Hong Kong ETFs jumped Wednesday, with Hong Kong stocks enjoying their best single-day gain of the year, after the government's formal withdrawal of the previously proposed extradition bill that triggered three months of protests. On Wednesday, the Franklin FTSE Hong Kong ETF (FLHK) rose 4.7% and iShares MSCI Hong Kong ETF (EWH) advanced 4.4%. Hong Kong Chief Executive Carrie Lam announced the withdrawal of the extradition bill at a meeting after markets closed.
To Cut Or Not to Cut? Lagarde Answers the Question Federal Reserve officials are prevaricating over whether to cut dollar interest rates at the next Federal Open Market Committee meeting on September 17-18. St. Louis Fed President James Bullard is the most dovish (from the inflation side) and hawkish (from the saver side) calling for […]The post Market Morning: Fed Debates, Johnson Loses, Hong Kong Wins, Italy Gets New Government appeared first on Market Exclusive.
Spanish, Portuguese Bonds Near 0% Yield Inverted yield curves, record amounts of debt yielding negative rates, and countries only a few years ago on the verge of bankruptcy yielding next to nothing. These are the signs of the beginning of a possible manic bubble phase of a nearly 40 year bond bull market now in […]The post Market Morning: Bond Bubble Reaches New Heights, Turkey Jails Mayors, Iran US Tanker Face Off, appeared first on Market Exclusive.
Hong Kong stocks and related ETFs roiled in recent weeks as unrest and fears of a global slowdown weighed on this Asian market, but some are looking at the extreme pullback as a buying opportunity. Over ...
Market maven and CNBC’s “Mad Money” host Jim Cramer said that an even greater tail risk to the markets is the Hong Kong protests. Due to Hong Kong being a major financial hub in Asia, a potential shutdown could put global markets in a tailspin. “I just don’t think the Chinese communists can avoid it anymore,” Cramer said.
Hong Kong Continues Its Slide Into Chaos With Chinese Troops On The Border Hong Kong stocks (NYSEARCA:EWH) are sliding again, down 15% in a month, as a second mass protest in the Hong Kong airport is threatening to shut down all international flights again. There is worry now that we could see another Tiananmen Square-type […]The post Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds appeared first on Market Exclusive.
“That’s actually what I’m worried about the most right now, because every weekend we’ve got this drama where the people of Hong Kong are having protests in the millions and its starting to get very violent,” Eisman added. In financial sector vernacular, a black swan is a major disruption that could obliterate the markets and economy. Per a CNBC report, “Hundreds of thousands of protesters have taken to Hong Kong’s streets since early June, due to opposition to a now-suspended extradition law that would have allowed people in the city to be extradited to Mainland China.