Posts filed under “ETFs”

Nikkei Downtrend (1982-Present)

click for ginormous chart
Nikkei 20 years
Source: Kimble Charting

 

Awesome chart from Chris Kimble showing the Nikkei going back to 1982 — in particular, the downtrend that began in 1989 and still persists to this day.

Chris notes that Declines of 32% to 60% taken place at this level for the past 20 years!

One would normally expect a pullback and consolidation after a long move up to a major trendline, and under pre-Abenomics stimulus, that would be my highest probability outcome (pre-stimulus, I have no idea!).

The key here is if and when the Nikkei breaks through that trendline, it is likely the beginning of a longer term multi-year breakout. This is why we put on Japan exposure for clients much earlier this year.

 

~~~

Disclosure: Clients are long GAL, DXJ, which have substantial exposure to Japan.

Category: ETFs, Investing, Technical Analysis

Cheapest ETFs for Any Investment Objective

Very cool tool from ETF Database that allows you to select the least expensive way to express nearly any sector or style investment, with both lowest internal expense ratio and the median cost in that particular space. (Let me know if they missed any and I will inform ETF Database of the omission)   Cheapest…Read More

Category: ETFs, Investing, Valuation

Red Light Green Light: Equity Sector ETF Daily Performance

Binary market action as in a daily game of red light green light.  Take a look at this week’s daily action in the sectors.   What will tomorrow bring? (click here if charts are not observable)

Category: ETFs, Markets, Think Tank

Grant: Gold Prices May Be Falling on Momentum

James Grant, publisher of Grant’s Interest Rate Observer, talks about gold prices, inflation and credit markets. He speaks with Deirdre Bolton on Bloomberg Television’s “Money Moves.” Bloomberg’s Michael McKee also speaks.


Source: Bloomberg, April 15 2013

Category: ETFs, Gold & Precious Metals, Video

World’s Biggest ETF/Contrarian Indicator: GLD > SPY

GLD was briefly the world’s biggest exchange-traded fund. In August 2011, GLD had assets of more than $77 billion, surpassing SPY (SPDR S&P 500 ETF) for a short time. The SPDR Gold Trust’s market capitalization rose to $76.7 billion  — gold briefly topped $1,880/ounce. At the same time, SPY’s “capitalization” was ~$74.4 billion. I missed…Read More

Category: Contrary Indicators, ETFs, Gold & Precious Metals, Technical Analysis

World's Biggest ETF/Contrarian Indicator: GLD > SPY

GLD was briefly the world’s biggest exchange-traded fund. In August 2011, GLD had assets of more than $77 billion, surpassing SPY (SPDR S&P 500 ETF) for a short time. The SPDR Gold Trust’s market capitalization rose to $76.7 billion  — gold briefly topped $1,880/ounce. At the same time, SPY’s “capitalization” was ~$74.4 billion. I missed…Read More

Category: Contrary Indicators, ETFs, Gold & Precious Metals, Technical Analysis

Coming Soon: TBTF ETF

TBTF ETF Backtest (Red) Source: Bespoke   I am putting together a new ETF that consists entirely of companies that have become so large and systemically important that they are guaranteed survival regardless of their own incompetency. It is a market cap weighted index (naturally) so that those names that represent the greatest threat to…Read More

Category: ETFs, Humor

Romancing Alpha (α), Breaking Up with Beta (β)

Since it is a Friday (following Valentine’s Day), I want to step back from the usual market gyrations to discuss a broader topic: The pursuit of Alpha, where it goes wrong, and the actual cost in Beta. For those of you unfamiliar with the Wall Street’s Greek nomenclature, a quick (and oversimplified) primer: When we…Read More

Category: ETFs, Investing, Philosophy

The Ongoing Rise of ETF Assets

click for larger charts

Source: Bianco Research

 

In my year end column for the WaPo (10 trends to watch in finance for 2013), the very first trend was “ETFs are eating everything.”

Some of the charts nearby, courtesy of Bianco Research, put it into perspective visually.

Just last month, ETF assets passed the $2 trillion dollar milestone.  And today, Schwab announced they are allowing “investors to trade over 100 ETFs commission-free.”

By way of their simplicity, low cost and passive indexing, ETFs are becoming the most dominant product in finance.

 

Read More

Category: ETFs, Technical Analysis

Jack Bogle on Investing

Experts Grade the Recent Rally


Mon 04 Feb 13 | 08:06 AM ET

Category: ETFs, Investing, Video