/Despite Angst, Positive Persists in U.S. Markets

Despite Angst, Positive Persists in U.S. Markets

Tuesday, February 18, 2020– We hope that everyone enjoyed a wonderful Presidents’ Day and welcome back! This past week, the markets continued to trend the same way they have for the past month, positively. Able to build off last week’s momentum, the Dow Jones, S&P 500 and Nasdaq Composite closed this week with gains of 1.02%, 1.58% and 2.21% respectively.

In what is a volatile time in the world, with the Coronavirus still at large and the US election season on the horizon, the market seems to be defying all odds with its continued strong showing. As we stated last week, the US continues to be a safe investment place in the world while the Coronavirus devastates other large markets, mainly China. With investors likely pulling money out of anything that is associated with the virus, the United States continues to make its strong push.
ETFG Quant Movers – Those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings.
ETFG Quant Winners:  On to the ETFG Quant Movers, we will look at this week Top % Gainers and % Losers. On the Gainers side, this week’s winners from 1-5 are JPLS, LDRS, PNQI, FIVA and GAMR. Our number one % Gainer, JPLS had a staggering change of 109.06%. This ETF, which is actively managed, both invests long and short in stocks based on relevant return factors.
ETFG Quant Losers:  On the % Losers side, this week’s top 5 losers were FNDE, FPE, SDOG, ZDEU and TPYP respectively. The biggest loser, FNDE, had a % loss of -59.28% in our model. FNDE, which is the Schwab Fundamental Emerging Markets Large Company Index ETF, likely got hit hard because of the Coronavirus, which is proving very difficult to stop in China. China, which is an emerging market, has been hit hard by the virus over the past month and ETFs that have interests there, such as FNDE, will likely suffer until China can get control of the deadly virus.
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Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

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