/Rebound Abounds

Rebound Abounds

Monday, November 5, 2018– Stocks recorded solid gains for the week, helping the market regain ground lost over a period of prolonged weakness and bringing most of the major indexes back into positive territory for the year-to-date. The smaller-cap benchmarks performed best and broke a streak of six consecutive weekly losses. Within the S&P 500 Index, the materials sector posted the strongest returns, while utilities shares lagged. The technology sector also underperformed, held back by a sharp drop in Apple shares on Friday after investors appeared to react negatively to an announcement that the company would no longer break out sales reports for its smartphones, computers and tablets. Value stocks, which typically trade at relatively low valuations, outperformed higher-valuation growth shares. Overall, October was a tough month, with the S&P 500 declining the most since September of 2011. For the week, the DJIA was up 582.52 points, the S&P 500 rallied to end up 64.37 points, while the NASDAQ Composite rose to 189.78.

As we shift focus to Tuesday’s midterm elections, it is important to note that there are many economic implications contingent on the outcomes. If the Democrats do take the House, as the polls suggest, the knee-jerk reaction will probably be lower stock prices as further tax cuts would no longer be on the table. If an initial shock doesn’t have a knock-on effect, markets may look at the longer-term implications including the global economy and the ongoing trade war.
ETFG Quant Movers – those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings:
ETFG Quant Winners: (PAGG) Invesco Global Agriculture ETF jumped 14.34 points to 53.19, (DBGR) X-trackers MSCI Germany Hedged Equity Fund rose 10.55 points to 53.09, (CEZ) VictoryShares Emerging Market Volatility Wtd ETF made solid gains up 10.32 points to 51.23, (IDOG) ALPS International Sector Dividend Dogs ETF increased 9.33 to 52.69, and (ICOW) rounds out this week’s top five posting a gain of 9.18 moving the fund to 57.36.
ETFG Quant Losers: (HJPX) iShares Currency Hedged JPX-Nikkei 400 ETF was the biggest loser of the last week falling 10.05 to 33.73, (VGFO) Virtus WMC Global Factor Opportunities ETF dropped 8.9 points to 40.58, (LVIN) Hartford Multifactor Low Volatility International Equity ETF fell 8.18 to 42.82, (IYZ) iShares US Telecommunications ETF fell 7.73 points to 52.45 and (VPL) Vanguard FTSE Pacific ETF rounds out the bottom five posting a loss of 7.26 to end the week at 48.89.
Because of the sector’s popularity in market related news this week, we’d like to highlight some substantial movement in the Technology Sector portion when comparing this week’s Select List to last. First Trust Nasdaq Semiconductor ETF (FXTL) rose from the fifth spot up to number one this week, bumping iShares Exponential Technologies ETF (XT) and Global X FinTech Thematic ETF (FINX) down from first and second respectively last week to second and third this week. SPDR FactSet Innovative Technology ETF (XITK) remained in the four spot from last week and new to the Select List is the First Trust Nasdaq Cybersecurity ETF (CIBR). As technology stocks continue make waves in the news, keep an eye on the ETFG Weekly Select list to see what ETFs are riding the markets alongside them.
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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.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

 

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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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This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision.  This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.