Tuesday, February 18, 2020

Despite Angst, Positive Persists in U.S. Markets

Tuesday, February 18, 2020 – We hope that everyone enjoyed a wonderful Presidents’ Day and welcome back! This past week, the markets continued to trend the same way they have for the past month, positively. Able to build off last week’s momentum, the Dow Jones, S&P 500 and Nasdaq Composite closed this week with gains of 1.02%, 1.58% and 2.21% respectively.

In what is a volatile time in the world, with the Coronavirus still at large and the US election season on the horizon, the market seems to be defying all odds with its continued strong showing. As we stated last week, the US continues to be a safe investment place in the world while the Coronavirus devastates other large markets, mainly China. With investors likely pulling money out of anything that is associated with the virus, the United States continues to make its strong push.

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

ETFG Quant Winners:  On to the ETFG Quant Movers, we will look at this week Top % Gainers and % Losers. On the Gainers side, this week’s winners from 1-5 are JPLS, LDRS, PNQI, FIVA and GAMR. Our number one % Gainer, JPLS had a staggering change of 109.06%. This ETF, which is actively managed, both invests long and short in stocks based on relevant return factors.

ETFG Quant Losers:  On the % Losers side, this week’s top 5 losers were FNDE, FPE, SDOG, ZDEU and TPYP respectively. The biggest loser, FNDE, had a % loss of -59.28% in our model. FNDE, which is the Schwab Fundamental Emerging Markets Large Company Index ETF, likely got hit hard because of the Coronavirus, which is proving very difficult to stop in China. China, which is an emerging market, has been hit hard by the virus over the past month and ETFs that have interests there, such as FNDE, will likely suffer until China can get control of the deadly virus.

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