Monday, November 18, 2019

Dow 28,000

Monday, November 18, 2019 - Softening trade tensions and a brightening economic outlook helped awaken the stock market from its lull and propel stocks to new records this week. Upbeat comments from U.S. and Chinese officials on the progress of trade negotiations provided the initial boost to sentiment this week. Positive trade developments coupled with a better-than-expected earnings season, stronger consumer sentiment reading, improved retail sales data, assuring comments from the Fed and rebound in treasury yields sparked a rally and lifted the market out of its doldrums.

Prior to these developments, the market had mired in sluggish activity, most notably with the Dow finishing unchanged on Tuesday for just the third time in two decades. Once re-energized, the major indexes soared into record territory. The Dow set a new 1,000 point milestone, reaching above 28,000 points for the first name, ending the week with it's 11th record close of the year, and fourth straight weeks of gains. Meanwhile, the S&P 500 set new highs and registered its six consecutive week of gains and the Nasdaq also hit a new high. At week's end, the DJIA, S&P 500, and Nasdaq were up 1.2%, 0.9%, and 0.8% respectively.

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

ETFG Quant Winners: The top five gainers in ETFG Quant Total Score were Franklin Liberty U.S. Low Volatility ETF (FLLV), Fidelity MSCI Health Care Index ETF (FHLC), JPMorgan Diversified Return International Equity ETF (JPIN), JPMorgan US Minimum Volatility ETF (JMIN) and Vanguard S&P 500 Growth ETF (VOOG).

ETFG Quant Losers: The ETFs recording the biggest declines in their Quant scores this week were Vident International Equity Fund (VIDI), SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM), USCF SummerHaven SHPEI Index Fund (BUY), Invesco Dynamic Leisure and Entertainment ETF (PEJ), and SPDR S&P Telecom ETF (XTL).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

Following the Trump administration's unveiling of its hospital pricing transparency rule, we’d like to highlight the top ETFs within the health care sector in this week’s Select List. Currently, iShares Global Healthcare ETF (IXJ is our top rated health care ETF, followed by iShares Nasdaq Biotechnology ETF (IBB), VanEck Vectors Biotech ETF (BBH), SPDR S&P Pharmaceuticals ETF (XPH), and Invesco Dynamic Pharmaceuticals ETF (PJP).

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