By JP Morgan Asset Management via Iris.xyz In brief Markets have bounced back nicely in 2019 after a volatile December, but this bounce has been driven almost entirely by multiple expansion. Earnings revisions have moved sharply lower, causing 1Q19 estimates to fall into negative territory. Source: Q1 2019 Earnings: Is...
What Is Direct Indexing? If It Sounds Familiar, That’s Because It Is.
We must admit, it came as a bit of a surprise to us. At the 2019 Inside ETFs conference, held in February in Hollywood, Florida, ETF.com managing director Dave Nadig and Inside ETFs chairman Matt Hougan delivered a presentation centered around “direct indexing”—explaining both what direct indexing… Source: What Is...
After a Rough Week, Oil ETFs Can Regain Form
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, fell 3.25% last Friday on more than double the average daily volume, bringing its loss for the week to 1.73%. While that snapped oil’s longest weekly winning streak in several years, some… Source: After a...
Goldman Sachs just dropped its top commodity recommendations, saying risks were ‘misplaced’ — here are its new batch of trades
Goldman Sachs is closing 10 of its commodity trading decisions made in December as a reflection of a changing macroeconomic landscape, according to a note published Friday.“Time to go micro,” the bank says, meaning smaller, sector specific risks are now taking center stage.The bank is bullish on agriculture and pork,...