/Despite Unrest

Despite Unrest

Monday, June 8, 2020 – In yet another defying week for the stock market (aided by a very generous jobs report on Friday), the US economy is suggesting a reopening way ahead of schedule. Early in the week, we saw investor optimism on an economic reopen, with the Coronavirus seemingly being put in the rearview mirror. On Friday, this rally was amplified by a stunning jobs report, which showed the US was able to add 2.5 million jobs in the month of May. This is a key indicator for bullish investors that believe a full US economic reopening could be within a couple of months. The Dow Jones is edging closer and closer to its February 2020 all-time high of 29,551.42, as it closed this week at 27,110.98 (a far cry from its March 23rd low of 18,591.93).

For the week, the Dow Jones was up 6.81%, the S&P 500 up 4.91%, and the Nasdaq Composite up 3.42%. Despite tumultuous times on so many fronts, investors appear still in belief that the economic downturn of 2020 will be remembered as a short one, with a sharp, and equally fast recovery.
ETFG Quant Movers – We highlight those ETFs with the largest movement in our ETFG Quant Score.
ETFG Quant Winners:  this week’s top % Gainers were IMLP, LDRS, FLEH, SPFF, and CIZ, with % gains of 41.42%, 38.65%, 24.26%, 21.31%, and 20.98% respectively. This is the second week in a row that LDRS showed up on our % Gainers, and second week in a row it was our #2 gainer. This reflects the strong couple of weeks that the US has seen in its economy.
ETFG Quant Losers:  those products with the largest reductions in their respective ETFG Quant scores were FPE, XLG, FNDE, EEH, and FSZ, with respective drops of -26.66%, -25.91%, -25.66%, -25.47%, and -22.80%. Interesting to note is two of these ETFs, XLG and EEH, are related to the S&P 500 index, which, despite its positive performance as of late, could suggest that a correction of some sort could happen in the near future.
ETFG Weekly Select List – The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.
This week we highlight the ‘Geography’ category, pointing out the biggest movers from the previous week to this week.
·       FAUS (First Trust Australia AlphaDEX Fund) moved from 3rd place to 1st this week in the ‘Asia-Pacific’ Region and ‘Broad Equity’ Focus.
·       EIRL (iShares MSCI Ireland ETF) moved from 4th place to 1st place this week in the ‘Europe’ Region and ‘Broad Equity’ Focus.
·       AMLP (Alerian MLP ETF), which was previously unranked, moved to the 1st place spot this week within the ‘North American’ Region and ‘Energy’ Focus.
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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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