Monday, June 10, 2019

Bounce Back

Monday, June 10, 2019 – Stocks registered a four day string of solid gains to put the finishing touches on the best week of 2019. The S&P 500 Index had its best week of the year, ending within 3% of its all-time high, while the Dow Jones Industrial Average escaped its longest weekly losing streak since 2011. Much of the week’s gains came Tuesday, which marked the best daily performance for the major benchmarks so far this year. The catalyst appeared to be remarks from Federal Reserve Chairman Jerome Powell at a central bank conference, in which he pledged that policymakers were paying close attention to the impact of trade tensions on the economy and would act as appropriate to sustain the expansion. This anticipation of the Fed cutting interest rates later this year helped stocks move higher at the end of the week. All major sectors rose on the week, led by a surge in Basic Materials and in Technology. The Dow Jones Industrial Average rose 263 points to 25,984, the S&P 500 Index increased 30 points to 2,873 and the Nasdaq Composite gained 127 points to 7,742.

ETFG Quant Movers – those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings:

ETFG Quant Winners: This week’s biggest winner was iShares U.S. Infrastructure ETF (IFRA) gaining 10.54 to finish with a Quant Score of 56.74. Hartford Global Impact NextShares Fund (HFGIC) finished a close second gaining 10.38 points to move up to a Quant Score of 55.66. Vanguard U.S. Quality Factor ETF (VFQY) moved to a Quant Score of 54.53 after posting a 9.89 increase. Rounding out the top five were Reality Shares DIVCON Dividend Guard ETF (GARD) and AAM S&P 500 High Dividend Value ETF (SPDV) gaining 9.77 and 9.50 respectively.

ETFG Quant Losers: This week’s biggest loser was Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) dropping 11.64 points to a Quant Score of 45.13. At a distant second and third were Pacer Trendpilot US Mid Cap ETF (PTMC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) down 7.82 and 7.75 respectively. iShares MSCI Emerging Markets Small Cap ETF (EEMS) fell 6.67 points to 41.29 and Invesco KBW Bank ETF (KBWB) rounded out the bottom five losing 6.32 points to move to a Quant Score of 41.20.

ETFG Weekly Select List - the five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model. Because of the Sector’s success on the 1W Quant Rating of the ETFG Heat Map, we’d like to highlight some substantial movement in the Natural Resources Sector when comparing this week’s Select List to last. First Trust Index Global Natural Resources Income ETF (FTRI) fell from first to third making way for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and Global X U.S. Infrastructure Development ETF (PAVE) to take the top two spots in the Natural Resources Select List. DJ Brookfield Global Infrastructure ETF (TOLZ) dropped to the four spot while newcomer SPDR S&P North American Natural Resources ETF (NANR) rounded out the sector Select List. With the sector as a whole posting a strong week, investors should consider these ETFs when reviewing their portfolios.

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