Monday, December 2, 2019

Cyber Monday

Monday, December 2, 2019 - The holiday season is officially here and consumers are in position to have a massive effect on the markets. The Dow Jones, S&P 500 and Nasdaq Composite all closed on highs Wednesday, rebounding from last week’s poor showing. However, after Thanksgiving, we saw a slight dip in these indices on Black Friday. The Dow Jones fell 112.59 points (-0.40%), the S&P 500 fell 12.65 points (-0.40%), and the Nasdaq Composite Index fell 39.70 points (-0.46%).

On the geopolitical front, the potential for a trade deal with China appeared to become bleaker, as President Trump signed two bills on Wednesday lending support to demonstrators in Hong Kong.  A spokesman for the Chinese Foreign Ministry had this to say about the bills Trump signed: “It is a stark hegemonic practice & a severe interference in Hong Kong affairs, which are China’s internal affairs. China will take strong counter-measures.”

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

ETFG Quant Winners: We can see this week’s 5 biggest % Gainers were SPFF, EEH, IGF, FAUS, and EDIV, showing gains of 21.91%, 16.93%, 14.07%, 12.92%, and 12.62% respectively. By a wide margin, our model picked up SPFF (Global X SuperIncome Preferred ETF) as the largest gainer this week, perhaps showing us that investors are taking a defensive approach to the market as President Trump continues to cast doubt on a trade agreement with China.

ETFG Quant Losers: The top 5 big % Losers this week were HAP, MLPG, IMTM, IAI, and VOT who lost -13.18%, -12.78%, -10.29%, -10.25%, -10.01% respectively. The two largest losers (VanEck Vectors Natural Resources ETF and ETRACS Alerian Natural Gas MLP Index ETN, respectively) were an easy call as we saw this industry get hit hard this week. News that warmer weather is on the way scared off natural gas investors, as they generally view Winter as a time of large demand for natural gas.

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model. Comparing ETF Global’s weekly select lists from the past two weeks, we can see that KMED, XPFE, FNDI are potential upside ETFs as they have moved up in their respective rankings this week.

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