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Markets in the US were initially looking better than yesterday, but as we await economic news, futures have turned mixed as of 8:00 am ET. Europe is mostly down this morning ahead of the European Central Bank’s rate decision. Markets in Asia were mixed again overnight, with both the NIKKEI and Hang Seng down and the CSI up. China’s CSI has been up every day this week. Gold has turned negative and oil is down another 4%. For the week so far, Oil has fallen almost 10%. We have ...Continue reading

US futures and markets in Europe are down this morning as Covid-19 cases continue to grow. Asia closed with the NIKKEI and Hang Seng down and the CSI up. Oil is down over 4% on a rise in stockpiles, while gold is also down. Yields on US Treasuries are down for the fourth day in a row. German Chancellor Angela Merkel proposed closing bars and restaurants for a month to curb the spread of the coronavirus, while France may make an announcement today on increased measures. Yester...Continue reading

Markets are mixed this morning as we are seeing US futures up as of 8:15 am ET, but Europe is mostly in the red. Asian markets closed with the NIKKEI and Hang Seng down and the CSI +0.17%. Oil and gold are up this morning on a weaker dollar. US futures are looking to rebound from yesterday’s selloff, which was the worst day since September. The Dow was down by more than 2%, the S&P was -1.86% and the NASDAQ -1.64%. In Europe, it’s a bit worse as the Stoxx 600 Index is looking... at its lowest close since June. With the rise of new coronavirus cases, all eyes are on a potential vaccine. Pfizer said its late-stage vaccine trial is near complete enrollment, with more than 42,000 people having signed up. Two other companies that are working on coronavirus therapies reported earnings this morning: Novartis saw its profits fall but its sales increase, while Eli Lilly missed on revenue and announced that its Covid-19 antibody test is ending due to a "low chance of benefit." Merck also announced earnings this morning and beat its numbers. Caterpillar reported a 54% drop in sales for the third quarter this morning. But these results still beat expectations. Microsoft reports after the bell today. Overall market volumes were higher yesterday, but even with the selloff they were not much higher than normal. SPY traded 91 million shares and QQQ 38 million. SPDR Dow Jones (DIA) saw over $1.4 billion notionally traded, which was 2x average. Yesterday's volatility saw an increase in VIX volume and VIX ETFs followed suit. XVZ, VIXY, UVXY, VXX and SVXY were all active. UVXY and VXX both traded over $1 billion on exchange. Fixed income was pretty quiet yesterday, but high yield was active, HYG traded over 50 million shares. The ETF had not seen that many shares trade since July. JNK traded 8 million shares. Value ETFs saw buyers, as SPYV, VOE and IWS all traded above average. ETFs investing in China saw an increase in volume. Krane Shares KBA and KWEB, Direxion’s YINN (3x China Bull) and iShares MCHI were all active. Leverage and inverse funds were active. UDOW, UPRO, SSO, DOG, HIBS HDGE and SH all traded above average. Yesterday the ICI released a study on ETFs -- Experiences of US Exchange-Traded Funds During the COVID-19 Crisis -- that is worth reading. There is also a good article on fixed income ETFs from ETF Stream that has a lot of interesting links you should read. #marketupdate #stockmarketupdate #globalmarketupdate #domesticmarketupdate #domesticstock #globalstock #domesticequities #globalequities #retirementplan #retirementplanning #retirementsolutions #retirementincome #wealthmanagement #wealthinvestors

US futures and markets in Europe are lower this morning as of 8:15 am ET as coronavirus cases hit record levels. Oil is also lower on a worsening demand outlook. Japan’s NIKKEI and China’s CSI were both down overnight, while Hong Kong’s Hang Seng was closed for a holiday. Gold is up slightly this morning. The US reported 83,000 new cases of Covid-19 on both Friday and Saturday, surpassing a previous record of 77,300 cases in July. Italy and Spain announced new regulations to ...Continue reading

US futures are down this morning, while markets in Europe have come off session lows and are in the green as of 8:00 am ET. Markets in Asia closed mixed, with the NIKKEI and CSI down and the Hang Seng up. Oil is up this morning after dropping by almost $2 dollars a barrel over the past two days on a surprise increase in US gasoline stockpiles. Gold is down this morning as the dollar moves higher. Market uncertainty is the theme today as stimulus talks continue and US official...Continue reading

As stimulus talks continue, US futures have turned negative as of 8:15 am ET this morning, while markets in Europe are all trading down. Asia saw slight gains in the NIKKEI and Hang Seng, while the CSI was flat overnight. Oil is down this morning on an increase in American stockpiles. Gold is up as treasuries yields drop. European Union chief Brexit negotiator Michel Barnier said a deal is within reach. This has caused a jump in the UK pound. Netflix is trading down this morn...Continue reading

US futures are up this morning as of 8:15 am ET as stimulus talks continue. Most of Europe is also in the green as corporate earnings come in. Asia saw the NIKKEI close down overnight, while the Hang Seng and CSI made slight gains. Oil is up this morning and so is gold. With continued stimulus talks, US markets are moving higher this morning, led by companies like American Airlines and Carnival Cruise Line, which are both up over 2%. This is coming off of yesterday’s session ...that saw all 11 sectors of the S&P 500 close down. The market has been fallen in four of the past five sessions for the Dow and S&P, and five straight sessions for the NASDAQ. One market in Europe that is negative today is Spain, amid talks of a new curfew being enacted due to rising cases of Covid-19. Intel is trading up this morning as the chipmaker has sold off its NAND memory and storage business to South Korean chipmaker SK Hynix. Earnings reports in Europe are helping to drive markets overseas. UBS reported $2.1 billion in quarterly net income, which was up 99% over the same period last year. Computer equipment maker Logitech is up over 20% after it reported a 75% jump in sales last quarter. They are citing the work from home push as a big driver in sales. Overall market volume traded at its recent average yesterday and SPY followed suit, as the ETF traded 68 million shares. QQQ saw only 36 million shares traded. XLF (Financials) was the second-most traded ETF in terms of volume yesterday, at 42.9 million shares. ETFs investing in Asia were active yesterday, as CHAD (Direxion Daily CSI 300 China A Share Bear 1X), CHIK (Global X MSCI China Information Technology), ASHR (Xtrackers Harvest CSI 300 China A-Shares) and EWH (Hong Kong) all traded above average. Other international ETFs that were active were: BBEU (JPMorgan BetaBuilders Europe), FNDE (Schwab Emerging Markets) and IEUR (iShares Core MSCI Europe). The domestic pad saw activity in the Russell index-based ETFs IWO (sellers) and IWD (buyers). Also active were Vanguard Real Estate (VNQ) and iShares MSCI Quality Factor (QUAL). Clean energy has been one of the most active areas and the volume continued yesterday as Invesco’s Solar ETF TAN and iShares ICLN traded heavily. Other funds active were the Homebuilders ITB and XHB, and Agriculture fund DBA. We mentioned above that all 11 sectors of the S&P were down yesterday. XLF, XLU, XLV and XLC saw sellers, while XLB, XLE, and XLK saw buyers. High yield funds HYG, JNK and SJNK all saw sellers. #marketupdate #stockmarketupdate #globalmarketupdate #domesticmarketupdate #domesticstock #globalstock #domesticequities #globalequities #retirementplan #retirementplanning #retirementsolutions #retirementincome #wealthmanagement #wealthinvestors

US futures are up as of 8:30 am ET this morning on stimulus talks, and this is also helping some markets in Europe, but overall they are mixed. Markets in Asia were mixed overnight, with the NIKKEI +1%, Hang Seng +0.64% and China’s CSI -0.76%. Oil is down slightly as OPEC meets today to discuss weakening demand due to rising Covid-19 cases. Gold is up this morning, trading back over $1,900. Exchange operator Euronext halted equity trading in several major markets across Europ...Continue reading

US futures have turned positive this morning as of 8:15 am ET, following Europe where most markets are up over 1%. Asia closed the week mixed with the NIKKEI and CSI down and the Hang Seng up. Gold has fluctuated in and out of positive territory all night. Oil is down about 1%. US futures are looking to put an end to a three-day losing streak, led by Boeing and Pfizer. Boeing’s 737 Max was judged safe to fly again by European Regulators and Pfizer is saying it will seek emerg...ency authorization for use of its Covid-19 vaccine. Boeing is up over 3% on the news and Pfizer 1%. Europe is seeing a bounce this morning as both LVMH (Louis Vuitton) and Daimler (Mercedes) reported strong third quarters. Prime Minister Boris Johnson is set to decide on Friday whether to abandon trade talks with the European Union after both sides failed to come to an agreement during their latest discussions. Johnson said the UK should be ready for a no-deal Brexit. US retail sales are due today at 8:30 am ET. Yesterday I heard someone say that September sales are historically one of the lower months of the year. On Monday China will release its third-quarter GDP numbers. The IMF revised upwards its full-year projection for Chinese growth to 1.9% this week. By comparison, the IMF expects the US to contract by 4.3%. Overall market volume has been almost the same every day this week so far, but ETF volume has been up and down. SPY traded 60 million shares yesterday, while QQQ traded 42 million. The international pad was active yesterday, especially in ETFs that invest in Asia and emerging markets. MCHI (China), EEMA (Emerging Markets Asia) and EWS (Singapore) all traded above average. Also active were VictoryShares Emerging Markets ETFs CEZ and UVEM, Pacer’s PTIN and BlackRock’s ACWI and ACWX. Fixed income saw buyers of IGBH (iShares Interest Rate Hedged Long-Term Corporate) and sellers of IGIB (iShares Trust iShares 5-10 Year Investment Grade Corporate). BlackRock also saw sellers of SHY. ProShares Investment Grade-Interest Rate Hedged (IGHG) traded 1.7 million shares, 16x average. Granite Shares gold fund BAR saw over a million shares traded, 2x average. This ETF has almost doubled its shares outstanding this year. ProShares is launching ANEW (ProShares Transformational Changes ETF) today. American Century launched two new funds yesterday: Avantis Core Fixed Income ETF (AVIG) and Avantis Short-Term Fixed Income ETF (AVSF). #marketupdate #stockmarketupdate #globalmarketupdate #domesticmarketupdate #domesticstock #globalstock #domesticequities #globalequities #retirementplan #retirementplanning #retirementsolutions #retirementincome #wealthmanagement #wealthinvestors

Markets are down this morning in both the US and Europe as of 8:30 am ET, owing to the lack of a new stimulus package from Washington and the introduction of tighter restrictions in some of Europe's biggest cities due rising Covid-19 cases. Markets in Asia slipped as China's producer price index fell by 2.1% more than expected. Hong Kong’s Hang Seng was down more than 2%, followed by the NIKKEI at -0.51% and the CSI at -0.17%. Gold is down as the dollar and US treasuries ris...Continue reading

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US futures are fluctuating between positive and negative territory as of 8:00 am ET this morning as earnings continue to roll in, with Bank of America, Goldman Sachs and Wells Fargo all reporting. Markets in Europe have mostly turned negative this morning as another Covid-19 vaccine trial has been halted, uncertainty over a US stimulus deal continues, and investors become more cautious ahead of talks on a Brexit deal. Asia closed with markets flat overnight as China’s Preside...Continue reading

Earnings kick off today, as JP Morgan, BlackRock, Chase and Citi are all reporting this morning. Right now the Dow is down, the S&P 500 is flat and the NASDAQ continues its rally from yesterday, as it is up around 1% as of 8:15 am ET. European markets are a different story, with most in the red this morning. In Asia, all markets ended the day in the green, led by Hong Kong’s Hang Seng at +2.2%. Gold is down this morning as the dollar rebounds, while oil is up 2%. Tech stocks... were the story yesterday, as Apple (+6%), Facebook and Amazon (both +4%) and Google (+3.5%) led the market higher. Also seeing gains were the consumer discretionary and consumer staples sectors. Yesterday was Apple’s biggest one-day gain since July 31, as investors looked ahead to today’s event where the tech giant is expected to unveil its first 5G iPhone. Johnson & Johnson reported earnings this morning and beat on both earnings and revenue. But it also had to pause its Covid-19 vaccine trials after an unexplained illness. The stock is trading down this morning. Travel stocks are also trading down on the news of Johnson & Johnson's vaccine trial pause. Disney is trading up this morning as it has announced a reorganization of its media and entertainment divisions. Overall market volume was slower yesterday given that the bond market was closed for a holiday, but SPY still traded 80 million shares and QQQ 79 million shares. SPY's volume was close to its average, but QQQ's volume was higher than any day in the past three weeks. With tech stocks trading heavily, you would expect to see ETFs like XLK trade above average. But XLK traded 9 million shares yesterday, which was under its 90-day average of 11 million shares. The fund was up 2.73% on the day. Clean energy had a rare down day yesterday. TAN was down 3.36%, CNRG was down 2.71%, ICLN was down 2.06% and ACES was down 1.66%. All of these funds are up almost 80% year to date. Watch these ETFs today as the International Energy Agency released its annual World Energy Report this morning. The report underscored how the pandemic will ultimately affect the transition to clean energy. The Financial Times has published an article about flows into ETFs globally (Global ETF inflows surge 40% amid tectonic shift). The article says that investors have pumped $488 billion into ETFs over the first nine months of 2020, compared with $349 billion in the same period in 2019. #marketupdate #stockmarketupdate #globalmarketupdate #domesticmarketupdate #domesticstock #globalstock #domesticequities #globalequities #retirementplan #retirementplanning #retirementsolutions #retirementincome #wealthmanagement #wealthinvestors