Friday, September 14, 2012

September 14:
The kinetic energy from Bernanke’s bazooka lifted most sectors yesterday.  Quant’s highest ranked funds today are SPY and GXC, SPDR’s S&P 500 and China funds respectively. Not surprisingly, the energy sector represented by XLE and the gold miners in GDX came in at number 3 and 4 respectively.  The biggest gainer in rank yesterday was the Vanguard Pacific ETF (VPL) jumping 196 places to rank at 123rd driven by jumps in all three technical categories.  However, the biggest loser list was heavily weighted by international funds suggesting investors should look towards the more liquid markets like the US and China.  Vanguard’s FTSE All-World ex-US ETF (VEU) was Quant’s biggest loser yesterday, dropping in rank from 127 to 382.  The weakest sector in yesterday’s market trading was the Utilities who’s SPDR Select sector fund, XLU, jumped 125 places in Quant to rank at position 151 as most of its brethren became overbought.  While much attention is being focused on the banks who will receive all that Fed money, Quant is unimpressed as many bank funds still rank closer to the bottom of the pack not withstanding modest gains in their rankings yesterday.

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