/Trump Acquitted/Weekly Market Gains

Trump Acquitted/Weekly Market Gains

Tuesday, February 16, 2021 – With a final vote of 57 guilty to 43 not guilty, short of the 67 guilty votes needed to convict, the Senate acquitted former President Trump in his second impeachment trial Saturday, voting that he was not guilty of inciting the January 6 riot at the U.S. Capitol.

U.S. equity prices moved higher last week, including a new record high for the S&P 500. Stocks were again buoyed by continued optimism for the proposed $1.9 trillion coronavirus relief package and the prospect of a third approval for a coronavirus vaccine. Despite continuing concerns surrounding mutated variants, the prospects of an increased supply of vaccines in the coming months provided welcomed optimism in our fight against the pandemic. Corporate earnings reports continue to reflect solid numbers and brought the first quarter of year-over-year growth since Q4 2019.

For the week, the DJIA gained 310.16 points (1.00%), the S&P reached a new high in picking up 48 points (1.23%) to 3,934.83 and the NASDAQ added 239.18 points (1.73%) to close at 14,095.47.

ETFG Quant Movers – Those ETFs who have had the largest weekly change in their respective, ETFG Total Quant Scores. 

ETFG Weekly Quant Winners: The three biggest gainers in their ETFG Total Quant Scores were the SPDR S&P Emerging Markets SmallCap ETF (EWX) adding 9.10 points to 45.89, the Invesco DWA Technology Momentum ETF (PTF) gaining 8.78 points to 45.03 and the iShares India 50 ETF (INDY) which pushed up 8.43 points to 43.63.

ETFG Weekly Quant Losers: The three biggest drops in their ETF Quant Total Scores were found in the JPMorgan Alerian MLP Index ETN (AMJ) giving back 12.54 points to 48.51, the Victoryshares Dividend Accelerator ETF (VSDA) which lost 10.93 points to 40.77 and the Invesco KBW Property & Casualty Insurance ETF (KBWP) which shaved 10.21 points to 43.26.

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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.

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